Food Inclusions Market Research Report 2023 | IndustryARC
Posted by Venkatesh on November 23rd, 2018
According to the new market research report by IndustryARC titled “Food Inclusions Market: By Application (Beverages, Confectionery, Bakery, Snacks, Dairy, Frozen Foods, Others); By Form (Solid & Semi-Solid, Liquid); By Flavor (Fruit, Savory, Dairy, Chocolate & Caramel); By Geography (North America, Europe, APAC and Row) – Forecast (2018-2023)”, the market is dynamic in nature and driven by consumer preferences and demands.
Global Food Inclusions Market generated revenue of .068 billion in 2017 and is forecast to reach revenue of .253 billion by 2023, growing at a CAGR of 7.5% during 2018-2023. APAC and North America are the major regions for the food inclusions market, and there is scope for potential growth in these regions due to high demand from the food processing industry. Among all the applications, Snacks in Food Inclusion market is dominating that had generated a revenue of .870 billion in 2017 and is estimated to reach .430 billion by 2023, growing at a CAGR of 7.9% during 2018-2023. On the other side, Bakery & Confectionery application segment is projected to register the highest growth rate of 8.1% CAGR during the forecast period.
Asia-Pacific continues to lead the market share during 2018-2023.
The global food inclusions market is forecast to grow at 7.5% from 2017 to 2023. This market is dominated by the APAC market which contributed approximately 35% of the net revenue in 2017. This APAC region is estimated to grow at a CAGR of 7.3% in the forecast period. The revenue is estimated to increase from .541 billion in 2017 to .304 billion by 2023. The APAC region is the base for major manufacturers that includes FoodFlo International Ltd, Hawkins Watts, Kauri Food Ingredients, Taura Natural Ingredients Ltd and many more. North America was estimated to be the second largest market in 2017.
Selected / Sample Analysis done in the full Report:
Value chain analysis is an imperative tool to dissect the operations of a specific product. Each step adds unique value to the item from the raw materials stage to the final product stage. It assists us to identify the most ideal approaches to make the best product and boost it to offer it to the clients. Different stakeholders involved in the food inclusions market are as follows:
The next important step is the distributor network. As per IndustryARC analysis, there are many distributors in this industry who help to provide immediate access to goods which helps to build a network with the end user. A well-defined distributor network of the industry helps in increasing the reach of the end users and hence, the industry faces no problem in reaching out to them.
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Excerpts on Market Growth Factors Mentioned in the Full Report:
Consumer preferences related to food consumption has been witnessing a remarkable shift with increased demand for novel products which have nutritional value and associated health benefits. These factors have been impacting the product choices, buying and consumption patterns, and ultimately the dynamics of the food inclusions market.
Key Players of the Food Inclusions Market:
Cargill Inc. is the dominant player in the global food inclusions market, with a share of 15%, and is expected to continue its dominance through strategic acquisitions. The market leader is followed by Barry Callebaut, the company which is specialized in chocolate products has been expanding its footprint in this market by regular agreements and product launches. These major companies are expected to be involved in more acquisitions, agreements and product launches in the coming years to enter new product markets and regions. The global market for food inclusions encompasses numerous regional and local players, posing tough competition to these major companies with their products that cater to the local needs of the food industry.
Food Inclusions Market Report is Segmented as below.
Food Inclusions Market By Application :
Companies Cited / Interviewed
Taura Natural Ingredients Ltd
What can you expect from the report?
The Food Inclusions Market Report is Prepared with the Main Agenda to Cover the following 20 points:
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About the AuthorVenkatesh
Joined: August 23rd, 2018
Articles Posted: 184
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