Hyderabad, India -- (SBWIRE) -- 08/21/2018 -- According to the new market research report by IndustryARC titled "Food Inclusions Market: By Product(cereals inclusion, biscuit inclusion, confectionary inclusion, fruit inclusion, flavored sugar inclusion) By Application (beverages, confectionary, bakery, snacks, dairy, frozen foods); By Form (solid, semi-solid, liquids); By Flavor (fruit, savory, dairy, chocolate & caramel); By Geography - Forecast(2018-2023)", the market is dynamic in nature and driven by consumer preferences and demands.
Global food inclusions market generated revenue of $10.068 billion in 2017, and is forecast to reach revenue of $15.253 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 $2.870 billion in 2017, and is estimated to reach $4.430 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 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% through 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 $3.541 billion in 2017 to $5.304 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.
North America is the second largest market for food inclusions. The prime reason for the same is high awareness among customers. In North America, consumers extensively consume packaged and home made goods, which have high contents of these substances. The North American flavor food inclusions market is forecast to grow at CAGR of 7.9% in the period under consideration.
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 raw materials stage to the final product stage. It assists us to identify the most ideal approaches to make best product and boost it to offer it to the clients.
Different stakeholders involved in food inclusions market are as follows:
Raw material suppliers
Producers of food inclusion products
The industry is growing rapidly at present, as the network of suppliers and distributors is well-established around the globe. The main steps involved in the value chain of food inclusion industry are procurement of raw materials (fruits, coffee beans and others), inclusions product manufacturing, distribution and end use. The first step is buying the necessary raw materials such as fruits, coffee beans and many more from various suppliers, and then process them to get the desired product. These raw materials which are required for the manufacturing of food inclusion products can be purchased from many independent sources available in the market.
Processing of raw materials to manufacture the inclusion products is the next step and is the major one in the process. This step contributes a major chunk to the value of the product. The different chemicals used and their processing charges adds value to the product. The major manufacturers of food inclusion products are Cargill Inc. (U.S.), Barry Callebaut (Switzerland), Archer Daniels Midland Company (U.S.) and others.
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.
The food inclusions market has witnessed immense growth, and today, it finds its application across the Food industry, such as packaged foods, nutritional products and confectioneries.
As the demand for innovative products increases, technology plays a major role in the processing of food inclusions market.
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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 encompass 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:
A. Food inclusions Market - By Application
2. Bakery & confectionary
4. Dairy & frozen food
B. Food inclusions Market-By product
1. Biscuit inclusion
2. Cereal inclusion
3. Confectionary inclusion
4. Fruit inclusion
5. Flavored sugar inclusion
6. Other inclusions
C. Food inclusions Market - By Form
1. Solid & semi-solid
1.1 Chips & flakes
1.2 Nuts& Dried fruits
D. Food inclusions Market – By Flavor Type
1. Fruit flavors
3. Dairy flavors
4. Chocolate & caramel
A. Food Inclusions Market By Geography (Covers 14+ Countries)
B. Food Inclusions Market Entropy
Companies Cited / Interviewed
Taura Natural Ingredients Ltd
Archer Daniels Midland Company
Sensient Colors Llc
Sensoryeffects Flavor Company
Foodflo International Ltd
Kauri New Zealand Ltd
Bay State Milling Company
Nimbus Foods Ltd
A. Food Colors Market Analysis
B. Food Stabilizer Systems Market
What can you expect from the report?
The Food Inclusions Market Report is Prepared with the Main Agenda to Cover the following 20 points:
1. Market Size by Product Categories
2. Market trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Demand Analysis ( By Revenue & Volume )
12. Country level Analysis (10+)
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC publish country, or application based reports in Food Inclusions Market?
Response: Yes, we do have separate reports and database as mentioned below:
1. North America Market for Food Inclusions (2018-2023)
2. Europe Market for Food Inclusions (2018-2023)
3. Asia-Pacific Market for Food Inclusions (2018-2023)
4. Application Food Inclusions (2018-2023)
5. Form Food Inclusions (2018-2023)
6. Flavor Type Food Inclusions (2018-2023)
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization
1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography or product chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
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