The food inclusions market is estimated to grow at a CAGR of 6.33% during the forecast period. Due to rising consumer interest in the addition of inclusions to foods and beverages, and that too of healthy variants such as chia seeds or basil seeds, the market for food inclusions are expected to grow in the forecast period. Chocolate chips and chunk are becoming a trend in the bakery sector which makes the products visually pleasing to the consumer. Laura Bergan, director of innovation at Barry Callebaut AG, said, “There are several trends currently taking place in inclusions, from more premium solutions to those that offer health and wellness properties.
The market is demanding more premium inclusions, which can involve anything from simply ensuring real chocolate is used to offering a higher cacao chocolate to give a more robust and premium chocolate flavor.” Furthermore, the nutritional profile of the products can be enhanced using inclusions which is also gravitating the consumers towards such products. Jeff Dierenfeld, product development manager at Hormel Foods Corp, states, “Based on available research, Millennials are proactively pursuing a healthy lifestyle, including mindful eating. Millennials also are willing to shake up their routine and are open to new ideas.” Major players are benefiting from this healthy food trend among the consumers. For instance, aleading player of this market, Taura Natural Ingredients, in December 2019, launched Jus Fruits Fibre+ at Food Ingredients, Europe. The company claims to be in a healthy snacking sector by leveraging on the health benefits of fiber as an important nutrient.
Geographically, the North American region is expected to hold a substantial share of this market and grow at a high CAGR throughout the forecast period due to the presence of a large number of players in that region. Asia-Pacific region is also projected to grow rapidly in the forecast period owing to the rising awareness and availability of nutrient-enriched foods. The growth of food inclusions market in the European region is also anticipated to be high due to the increasing number of investments and product launches being made by major players in this region. An example being, in January 2020, Puratos introduced Smoobees inclusions, to add a creamy texture and appetizing taste for baked goods, across various countries in Europe.
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Some of the major players covered as part of the report are Cargill, Incorporated, AGRANA Beteiligungs-AG, PURATOS, Taura Natural Ingredients ltd, and FoodFlo International, among others.
The food inclusions market has been analyzed through the following segments:
By Product Type
Middle East and Africa