What Are The 5 Takeaways From The Food Decorations and Inclusions Market Overview 2024
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The Business Research Company’s Food Decorations and Inclusions Global Market Report 2024 offers crucial insights into the food decorations and inclusions market help businesses analyse and build stronger strategies.
The food decorations and inclusions market has witnessed robust growth in recent years, driven by consumer preferences for premium foods and the burgeoning bakery and confectionery industry. Let’s delve into the market dynamics, emerging trends, and key players shaping this vibrant industry.
Current Market Landscape
Recent Performance (2023-2024)
- Market Size: Grew from $8.58 billion in 2023 to $9.21 billion in 2024.
- Growth Rate: Compound Annual Growth Rate (CAGR) of 7.4%.
- Key Drivers:
- Consumer Demand: Preference for artisanal and visually appealing foods.
- Bakery and Confectionery Boom: Expansion of bakery and dessert offerings.
- Food Presentation: Growing emphasis on aesthetic appeal.
- Globalization: Influence of diverse food cultures on culinary practices.
Future Growth Prospects (2024-2028)
Anticipated Expansion
- Market Size: Expected to reach $12.43 billion by 2028.
- Growth Rate: CAGR of 7.8%.
- Key Drivers:
- Plant-based and Natural Ingredients: Rising consumer demand for healthier options.
- Customization Trends: Personalized food experiences.
- E-commerce Growth: Increased online food retail.
- Sustainability: Focus on eco-friendly practices.
- Aesthetic Appeal: Continued importance of food aesthetics.
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Emerging Trends
- Natural and Clean Label: Demand for transparent ingredient lists.
- Plant-based Options: Catering to vegan and vegetarian consumers.
- Innovative Textures and Shapes: Diverse culinary experiences.
- Edible Glitters and Metallics: Adding glamour to food presentations.
- Technological Innovations: Advancements in food processing techniques.
Bakery Boom Drives Market Expansion
Key Catalyst
- Growing Bakery Consumption: Increased demand for baked goods.
- Example: Rise in bakery product consumption expenditure in the United States.
Innovations in Food Inclusions
Industry Focus
- Product Innovations: Development of novel food inclusion products.
- Example: The Supplant Company’s launch of premium inclusions made with Supplant sugars.
Strategic Acquisitions
- Market Expansion: Orkla ASA’s acquisition of Denali Ingredients.
- Example: Strengthening Orkla’s position in the bakery and confectionery ingredient market.
Market Segmentation
The food decorations and inclusions market is segmented based on:
- Product Type: Chocolate Decorations And Inclusions, Sugar Decorations And Inclusions, Nuts, Preserved/Freeze Dried Fruits, Sugar Paste And Icing, Glazes, Marzipan, Other Product Types
- Distribution Channel: Business-To-Business (B2B), Business-To-Consumer (B2C)
- End-User: Food And Beverage Processing, Bakeries And Pastry Shops, Confectionery Shops, Restaurants And Hotels, Household, Other End-Users
Regional Insights
- Europe: Dominant region in the food decorations and inclusions market in 2023.
- Asia-Pacific: Expected to witness the fastest growth during the forecast period.
As consumers increasingly seek unique culinary experiences and premium food offerings, the food decorations and inclusions market continues to evolve, driven by innovation, customization, and sustainability. With a focus on quality, aesthetics, and diverse flavor profiles, this market is set to flourish in the years to come.
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The Food Decorations and Inclusions Global Market Report 2024 provides a comprehensive outlook of the food decorations and inclusions market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The food decorations and inclusions market forecast offers a thorough analysis on food decorations and inclusions market size, food decorations and inclusions market share, prominent players and their strategies.
The Table Of Content For The Food Decorations and Inclusions Market Include:
1. Food Decorations and Inclusions Market Executive Summary
2. Food Decorations and Inclusions Market Segments
3. Food Decorations and Inclusions Market Size And Food Decorations and Inclusions Market Growth Rate
4. Key Food Decorations and Inclusions Market Trends
5. Major Food Decorations and Inclusions Market Drivers
……
25. Key Mergers And Acquisitions In The Food Decorations and Inclusions Market
26. Top Food Decorations and Inclusions Companies
27. Food Decorations and Inclusions Market Opportunities And Strategies
28. Food Decorations and Inclusions Market, Conclusions And Recommendations
29. Appendix
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