Report : Europe Food Inclusions Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Chocolates, Fruit and Nuts, Flavored Sugar and Caramels, and Others), by Form (Solid and Semi- Solid), and Application (Dairy and Frozen Desserts, Bakery Products, Breakfast Cereals, Chocolate and Confectionery Products, and Others)
Solid Segment to Dominate Europe Food Inclusions Market during 2020–2028
According to a new market research study on “Europe Food Inclusions Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Form, and Application,” is expected to reach US$ 5,364.23 million by 2028 from US$ 3,760.95 million in 2021. The market is estimated to grow at a CAGR of 5.2% from 2021 to 2028. The report provides trends prevailing in the Europe food inclusions market along with the drivers and restraints pertaining to the market growth. Altering focus towards value addition to achieve product differentiation, wide range of application and ever changing consumer preferences are the major factor driving the growth of the Europe food inclusions market. However, raising production costs of food products and beverages hinder the growth of Europe food inclusions market.
In Europe, currently France and Russia are the hardest-hit countries by the coronavirus outbreak. It is estimated to suffer an economic hit due to a lack of revenue from various industries, Russia as the country recorded the highest number of coronavirus cases followed by the France, UK, Italy, Spain, and Germany. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe.
The food inclusions market is segmented based on type, form, application, and country. Based on type, the market is segmented into chocolates, fruit and nuts, flavored sugar and caramels, and others. In 2020, the chocolate segment held the largest share in the market and fruit and nuts is expected to be the fastest growing during the forecast period. Based on form the market is segmented into solid and semi-solid. In 2020, the solid segment held the largest market share and it is also expected to the fastest growing segment over the forecast period. Similarly, on the basis of application the market is segmented into dairy and frozen desserts, bakery products, breakfast cereals, chocolate and confectionery products, and others. In 2020, the bakery products segment accounts for largest market share and breakfast cereals segment is expected to be the fastest growing during the forecast period. Based on country market is segmented into Germany, France, Italy, UK, Russia, and Rest of Europe. In 2020, the Rest of Europe held the largest market share and the UK is expected to the fastest growing country over the forecast period.
ADM; AGRANA Beteiligungs-AG; Puratos; Barry Callebaut; Cargill, Incorporated; Kerry Group; Georgia Nut Company; Taura Natural Ingredients Ltd.; Sensient Technologies; and Meadow Foods are among the leading companies in the Europe food inclusions market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Meadow Foods had acquired Nimbus Foods Limited. Nimbus Foods is a manufacturers of high-quality inclusionss, decorations and toppings for the food industry. This acquisition fulfils Meadow Foods strategic objective of growing the business through organic expansion and acquisition.
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