USD 7.3 billion
Food Decorations and Inclusions Market Size, Share, Growth Analysis, By Product(Chocolate Decorations and Inclusions, Sugar Decorations and Inclusions, Nuts, Preserved/Freeze Dried Fruits), By Distribution Channel(B2B and B2C (Hypermarkets & Supermarkets, Traditional Grocery Stores, Wholesale Stores, Convenience Stores), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30I2171 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|Tables:
69
|Figures:
77
Food Decorations and Inclusions Market Insights
Global Food Decorations and Inclusions Market size was valued at USD 7.3 billion in 2021 and is poised to grow from USD 7.9 billion in 2022 to USD 13 billion by 2030, growing at a CAGR of 7% in the forecast period (2023-2030).
The broad use of these products in bakery and confectionery products, such as cookies, cakes, and other confections, is what is driving the industry's growth. In addition, numerous bakery products use decorations and inclusions to improve flavor and texture as well as to make them look more appealing and presentable, which is supporting the sector's growth over the forecast period.
This led to an increase in the use of home decorations and decorations, which drove company growth during the epidemic. Some of the most popular and consumed food items globally are cakes, pastries, confections, cookies, and others. These products employ a lot of decorating and inclusion products, which is helping the industry develop. One of the most popular flavors among customers, according to a survey conducted by Pushups, LLC and published in August 2022, is chocolate chip cookies, which is preferred by 62% of Americans. Thus, it is anticipated that during the course of the forecast period, high likelihood, consumption, and the incorporation of these items in a variety of products might drive market growth.
The increased popularity of cakes, ice creams, and other desserts among millennials and members of generation Z is encouraging the usage of these items to make such meals presentable and is thereby fueling industry growth. The use of these items is also predicted to increase as a result of the expanding trend of customizing cakes, sweets, and pastries, which is expected to further support industry growth. These products also come in a variety of designs, sizes, and forms, giving the finished dishes a distinctive finish and style in addition to being adaptable and useful for different seasons and events.
It is expected that the presence of various norms and limitations in the development and production of such items by different government regulatory organizations, including the Food and Drug Administration and others, will impede industry expansion. Additionally, it is anticipated that additional factors, such as changes in the cost of the raw materials used to make these items, may hinder the industry's expansion within the anticipated time frame. But it's anticipated that the rising consumer trend and demand for vegan, organic, and clean products will make up major opportunities for market growth.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
B2B
Fastest Growth
B2B
Growth Rate
7% CAGR
Global Food Decorations And Inclusions Market 2022-2030 ($ Bn)
Country Share for Europe Region- 2022(%)
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Food Decorations and Inclusions Market Segmental Analysis
Global Food Decorations and Inclusions Market is segmented based on Product, Distribution Channel and region. Based on Product the market is segmented into Chocolate Decorations and Inclusions, Sugar Decorations and Inclusions, Nuts, Preserved/Freeze Dried Fruits, Sugar Paste & Icing, Glazes, Marzipan and Others. Based on Distribution Channel the market is segmented into B2B and B2C (Hypermarkets & Supermarkets, Traditional Grocery Stores, Wholesale Stores, Convenience Stores, Online). Based on region the global Food Decorations and Inclusions Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Product
In 2022, the chocolate decorations and inclusions segment led the market and generated more than 26.90% of the total revenue. It is anticipated to continue to rule throughout the forecasting period. Due to its widespread use by producers of ice cream, candy, and other confections, the industry has a sizable market share. Additionally, the usage of these items improves the appearance, flavor, and texture of cakes, cookies, and other baked goods. These goods are additionally offered in a variety of forms, dimensions, and hues, as well as for a variety of uses, including topping, icing, frosting, and coating.
Their powerful utilization is a result of this, and contributes to the growth of the market. Over the forecast period, the nuts category is anticipated to experience the fastest CAGR development. To add colors, flavors, and textures, nuts are increasingly being used in bakery recipes and other culinary products, which is fostering segment expansion. Nuts are used for both inclusion and ornamentation. Additionally, since nuts are a wonderful source of fatty acids, antioxidants, fiber, and other nutrients, eating them has a number of beneficial health benefits. Thus, the segment is growing as a result of their increasing creation in various food products.
Analysis by Distribution Channel
The B2B distribution channel segment dominated the market in 2022 and contributed more than 68.20% of total revenue. During the projection period, it is anticipated that the market would maintain its leadership while growing at a significant CAGR. A substantial percentage of the category is accounted for by the widespread inclusion and decoration of ice cream, bakery goods, and other products. These goods are selling better and better all over the world as a result of the increase in bakery and cake shops. These items are also heavily used by a variety of hospitality-related businesses, including restaurants, hotels, and others, which is predicted to accelerate the segment's growth over the coming years.
Global Food Decorations And Inclusions Market By Distribution Channel 2022 (%)
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Food Decorations and Inclusions Market Regional Insights
Europe dominated the market in 2022, with more than 33.90% of all sales. It is estimated that the region would continue to dominate for the duration of the forecast period. A rise in demand for upscale baked goods with embellishments is expected to stimulate industry growth in the region. Additionally, it is projected that a range of industries, particularly the food service industry, will have a strong need for these products, supporting regional growth. Market expansion is going to be fueled by the increased demand for and preference of the region's customers for baked products and confections with distinctive flavors and forms.
The Asia Pacific region, on the other hand, is predicted to increase at the fastest rate during the forecast period. The rapidly growing bread sector in the APAC region, especially in China and India, is one of the key factors driving market expansion. The increased consumption of bakery products that are convenient, including pastries and cakes, is a significant factor affecting the growth of the regional sector. The increased popularity of western or international flavors and cuisines would also encourage the creation of new bakeries, which would help the local market grow.
Global Food Decorations And Inclusions Market By Geography, 2022-2030
- Largest
- Fastest
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Food Decorations and Inclusions Market Dynamics
Drivers
Growing Demand for Natural and Organic Ingredients to Bolster Market Growth
- Consumers are becoming more health-conscious and are seeking natural and organic food products, which is driving the demand for natural and organic food decorations and inclusions.
Restraints
Health Concerns to Hinder Market Growth
- Some food decorations and inclusions may contain allergens or other ingredients that can cause health concerns, which may limit their use in food products.
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Food Decorations and Inclusions Market Competitive Landscape
To increase their visibility in the market, major companies are taking a variety of actions. Strategies are a part of these steps. such as collaborations, mergers, and acquisitions, the development and distribution of new products, international expansion, and other activities.
Top Player’s Company Profiles
- Barry Callebaut AG
- Cargill, Incorporated
- Archer Daniels Midland Company (ADM)
- Tate & Lyle PLC
- Kerry Group plc
- AAK AB
- Ingredion Incorporated
- Olam International Limited
- Sensient Technologies Corporation
- Pecan Deluxe Candy Company
- Puratos Group NV
- Dawn Foods
- Agrana Beteiligungs AG
- Barry-Wehmiller Companies, Inc.
- Taura Natural Ingredients Limited
- Nimbus Foods Limited
- Confection by Design
- The Hershey Company
- TCHO Ventures, Inc.
- Limagrain Céréales Ingrédients
Recent Developments
- In September 2021, the acquisition of the Europe Chocolate Company by Barry Callebaut was disclosed. (ECC). Barry Callebaut will be better able to manufacture highly customized chocolate decorations and specialty items thanks to this acquisition.
- In May 2021, Leman Decoration Group, one of the top suppliers of cake decorations, was acquired by Cargill. The plan was adopted by the business to enhance service for gourmet clients in Europe and increase Cargill's global offering of decorating.
Food Decorations and Inclusions Key Market Trends
- Increasing demand for natural and organic products: Consumers are becoming more conscious of their health and wellness, leading to an increased demand for natural and organic food products. This trend is reflected in the food decorations and inclusions market, with manufacturers developing products that contain natural and organic ingredients.
- Growing popularity of plant-based food products: Plant-based food products are gaining popularity among consumers due to the perceived health benefits and sustainability advantages. The food decorations and inclusions market is adapting to this trend by offering plant-based options, such as fruit-based decorations and nut-based inclusions.
- Innovations in technology: Technological advancements are allowing for more innovative and unique food decoration and inclusion options. For example, 3D printing technology is now being used to create intricate and customized decorations.
- Rise of social media: Social media platforms have become an essential marketing tool for food manufacturers, as consumers increasingly rely on social media for inspiration and recommendations. Food manufacturers are using social media to showcase their products and engage with consumers, leading to increased awareness and sales.
Food Decorations and Inclusions Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Food Decorations and Inclusions market is the broad use of these products in bakery and confectionery products, such as cookies, cakes, and other confections, is what is driving the industry's growth. The increased popularity of cakes, ice creams, and other desserts among millennials and members of generation Z is encouraging the usage of these items to make such meals presentable and is thereby fueling industry growth. The use of these items is also predicted to increase as a result of the expanding trend of customizing cakes, sweets, and pastries, which is expected to further support industry growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 7.3 billion |
| Market size value in 2031 | USD 13 billion |
| Growth Rate | 7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Recent Developments
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Food Decorations and Inclusions Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Food Decorations and Inclusions Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Food Decorations and Inclusions Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Food Decorations and Inclusions Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Food Decorations and Inclusions Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Food Decorations and Inclusions Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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