North America Food Inclusions Market Size, Share & Industry Trends Analysis Report By Application, By Type (Fruit & Nut, Chocolate, Cereal, Flavored Sugar & Caramel and Confectionery), By Form, By Country and Growth Forecast, 2022 – 2028
The North America Food Inclusions Market would witness market growth of 5.7% CAGR during the forecast period (2022-2028).
The market for food inclusions has been fueled by factors like rising consumer demand for convenience foods, better cold storage facilities that enable the storage of food inclusions for longer periods of time, eased trade restrictions, and technological advancements in the food industry that help to improve and provide better textures to food inclusions. Moreover, the demand for flavored food products in developed nations like Canada, the U.S. is rising continuously.
The sensory qualities of food products are also improved by food inclusions. Food inclusions are extra ingredients that give food products added value. The sensory qualities of food products are also improved by food inclusions. Food inclusions are in demand because they can give food products any desired flavor or texture, increasing their appeal. Food inclusions that contribute to a product's health benefits are becoming even more common.
The retail food industry is fiercely competitive in industrialized nations such as the United States. The demand for food additives is rising in the food and beverage industry in the United States as a result of a rise in retail channels, retailers, and retail formats that increase consumers' access to processed and convenience foods. The organized retail sector offers consumers competitive quality, prices, and services while exposing customers to label information as well as quality comparison with both private label brands and branded products, which is enhancing the retail food demand in the United States.
The US market dominated the North America Food Inclusions Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,958 million by 2028.The Canada market is poised to grow at a CAGR of 8.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 7.1% during (2022 - 2028).
Based on Application, the market is segmented into Cereal Products, Snacks & Bars, Bakery Products, Dairy & Frozen Desserts, Chocolate & Confectionery Products and Others. Based on Type, the market is segmented into Fruit & Nut, Chocolate, Cereal, Flavored Sugar & Caramel and Confectionery & Others. Based on Form, the market is segmented into Solid & Semi-Solid and Liquid. Based on Semi-Solid Type, the market is segmented into Pieces, Nuts, Flakes & Crunches, Powder and Chips & Nibs. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kerry Group PLC, Cargill Corporation, Archer Daniels Midland Company, Tate & Lyle PLC, AGRANA Beteiligungs-AG, Puratos NV/SA, Balchem Corporation, Sensient Technologies Corporation, SunOpta, Inc, Chaucer Foods Ltd. (Pilgrim Food Group PLC), and Apple, Inc.
Scope of the Study
Market Segments covered in the Report:
By Application
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