The global food inclusions market size is expected to reach USD 22.92 billion by 2030, according to a new study by Polaris Market Research. The report “Food Inclusions Market Share, Size, Trends, Industry Analysis Report, By Type (Chocolate, Fruit & Nut, Cereal, Flavored Sugar & Caramel, Confectionery, Others); By Application; By Form; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.
The rising consumer interest in healthy snacking and plant-based edibles and increasing demand for food inclusions in the food and beverage industry for several applications in confectionaries, dairy & frozen desserts, and bakery products is expected to drive industry growth. Furthermore, the changing consumer preferences and flavor trends is one of the major factors driving demand.
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The main key driver is changing taste, functional qualities, and the response of the value-added food product is expected to drive the market growth. In addition, the growing demand of flavored food products among developed countries such as, U.S., Canada and Germany positively boost the market over the forecast timeline. Moreover, the manufacturer is focused on developing nutritive and health-beneficial inclusions that are customer-centric and meet their needs.
The COVID-19 pandemic has negatively impacted the food inclusions market growth as companies were facing reduction in consumption and disrupted supply chain. Also, strict government regulations, and changes in consumer preference and demand during the pandemic largely impacted the supply and value chain in the food and beverage industry. All these factors collectively affect the food inclusion market during pandemic. On the other hand, post pandemic helps to recover the market to some extent.
Food Inclusions Market Report Highlights
Polaris Market Research has segmented the food inclusions market report based on type, application, form, and region:
Food Inclusions, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Food Inclusions, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Food Inclusions, Form Technology Outlook (Revenue - USD Billion, 2018 - 2030)
Food Inclusions, Regional Outlook (Revenue - USD Billion, 2018 - 2030)