Report ID: SQMIG30I2171
Report ID:
SQMIG30I2171 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|
Tables:
69 |
Figures:
77
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.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG30I2171