Food Decorations And Inclusions Market Size, Share & Trends Analysis Report By Product (Nuts, Glazes), By Distribution Channel (B2B, B2C), By Region, And Segment Forecasts, 2023 - 2030

Food Decorations And Inclusions Market Size, Share & Trends Analysis Report By Product (Nuts, Glazes), By Distribution Channel (B2B, B2C), By Region, And Segment Forecasts, 2023 - 2030

Food Decorations And Inclusions Market Growth & Trends

The global food decorations and inclusions market size was estimated to reach USD 12.54 billion by 2030 and is anticipated to expand at a CAGR of 6.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Decorations and inclusions provide more texture and flavor to various food products, such as ice creams and cookies, thereby boosting the market demand. However, several regulations and standards regulated by various government bodies are anticipated to challenge the industry growth over the forecast period. The demand for personalized cakes, desserts, pastries, and others has been witnessing an uptrend, owing to which, the use of decorations and inclusions is increasing.

In addition, consumers are offered and availed of decorations and inclusions in various colors, shapes, and sizes influencing the buying decision of consumers, thus driving the market growth in the coming years. The chocolate decorations and inclusions held the highest share in 2022 and are expected to register a considerable CAGR over the forecast period. Decorations and inclusions improve the texture and taste of confectionary and bakery products along with enhancing their appeal. Thus, they are highly used in such products including ice creams and cookies, which is contributing to the segment growth and boding well for the market.

Europe accounted for the largest revenue share in 2022 and is estimated to expand at a significant CAGR over the forecast period. The high demand for decorations and inclusions is a key factor contributing to the market growth in the region. Moreover, textured baked goods and decorated desserts are experiencing increasing demand in Europe, which is another primary factor boosting the regional market. Key companies are undertaking various strategies including global expansion, partnerships, acquisitions & mergers, development & launch of new products, and others to gain a higher industry share.

Food Decorations And Inclusions Market Report Highlights

• Asia Pacific is expected to grow at the fastest CAGR over the forecast period due to the growing bakery industry in the region
• The nuts product segment is estimated to register the highest CAGR over the forecast period
• Increasing usage of nuts as decorations and inclusions owing to their health benefits is a primary factor fueling the segment growth
• The B2C distribution channel segment is estimated to register the fastest CAGR over the forecast period
• The growing variety and availability of different decorations & inclusions and their increasing accessibility through retail channels are anticipated to contribute to the segment growth