According to a new research study by Insight Partners, the food inclusions market will grow from US$12,282.65 million in 2021 to $18,055.32 million by 2028. It is likely to register a compound annual growth rate (CAGR) of 5.7% during 2021–2028. Food inclusions are ingredients that are added to food to improve its texture or organoleptic properties. Food inclusions are additional ingredients that give value to food items and enhance the products' sensory qualities.
Data revealed that the market for food inclusions is significantly competitive due to the presence of several regional and local manufacturers and buyers. The market will remain lucrative during the upcoming years due to the widening applications of food inclusions.
In 2020, Europe held the largest share of the global food inclusions market, the report said. The growth of the food inclusions market in Europe is due to the region's large-scale production and domestic consumption of food inclusion, fuelled by food & beverage manufacturers' urge for product innovation by using novel ingredients. However, Asia Pacific will register the highest CAGR in the market during the forecast period. The increased demand for packaged food such as cakes, bread, chocolates, jellies, and frozen desserts will expand the food inclusion market in the region. (Image by Unsplash)
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