Overview and Scope
The decoration is a process of perfectly finishing cakes, desserts, patisserie, and others that make look attractive. It includes curls, shavings, tubes, sprinkle stars, fans, leaves, assortment boxes, and others that add value to products and create a maximum standout. Inclusions are additives that are added to the final formulation for a more appealing, enjoyable, and high value to the product.
Sizing and Forecast
The food decorations and inclusions market size has grown strongly in recent years. It will grow from $8.58 billion in 2023 to $9.21 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to consumer demand for artisanal and premium foods, expansion of the bakery and confectionery industry, growing interest in food presentation, globalization of food culture.
The food decorations and inclusions market size is expected to see strong growth in the next few years. It will grow to $12.43 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to rising demand for plant-based and natural ingredients, customization and personalization trends, e-commerce growth in food retail, continued emphasis on food aesthetics, increased focus on sustainable and eco-friendly practices. Major trends in the forecast period include natural and clean label, plant-based options, innovative textures and shape, edible glitters and metallics, innovation in food processing technologies.
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Segmentation & Regional Insights
The food decorations and inclusions market covered in this report is segmented –
1) By Product Type: Chocolate Decorations And Inclusions, Sugar Decorations And Inclusions, Nuts, Preserved/Freeze Dried Fruits, Sugar Paste And Icing, Glazes, Marzipan, Other Product Types
2) By Distribution Channel: Business-To-Business (B2B), Business-To-Consumer (B2C)
3) By End-User: Food And Beverage Processing, Bakeries And Pastry Shops, Confectionery Shops, Restaurants And Hotels, Household, Other End-Users
Europe was the largest region in the food decorations and inclusions market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global food decorations and inclusions market report during the forecast period. The regions covered in the food decorations and inclusions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing consumption of bakery products is expected to propel the growth of the food decoration and inclusions market going forward. The decorations and inclusions help to perfectly finish bakery products such as cakes, desserts, patisserie, and others that make look attractive. The increase in consumption of bakery products is creating demand for food decoration and inclusions. The bakery products require decoration and inclusion to finish and add appealing, enjoyable, and high value to the bakery product. For instance, in April 2023, according to the U.S. Bureau of Labor Statistics, a US-based fact-finding agency, bakery product consumption expenditure increased from $428 million in 2020 to $462 million in 2021. Therefore, the growing consumption of bakery products is driving the growth of the food decorations and inclusions market.
Key Industry Players
Major companies operating in the food decorations and inclusions market report are Barry Callebaut AG, Cargill Incorporated, Carmemoli SPA, Carroll Industries NZ Ltd., Dawn Food Products Inc., Delicia Foods India Pvt. Ltd., Dobla BV, HLR Praline BVBA, Icam SpA, Kanegrade Flavors & Ingredients Pvt Ltd., Nimbus Foods Ltd., Orkla ASA, PCB Creation SAS, Pecan Deluxe Candy Company, Ulmer Schokoladen Gmbh & Co. KG, Dr. August Oetker Nahrungsmittel KG, Tate & Lyle PLC, Archer Daniels Midland Company, Cémoi Group, Olam International, Sensient Technologies Corporation, Kerry Group PLC, Ingredion Incorporated, AarhusKarlshamn publ AB, FrieslandCampina Kievit BV, The Hershey Company, Mars Incorporated, Nestlé S.A., Mondelez International Inc., Ferrero International SA
The food decorations and inclusions market report table of contents includes:
1. Executive Summary
2. Food Decorations and Inclusions Market Characteristics
3. Food Decorations and Inclusions Market Trends And Strategies
4. Food Decorations and Inclusions Market – Macro Economic Scenario
5. Global Food Decorations and Inclusions Market Size and Growth
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31. Global Food Decorations and Inclusions Market Competitive Benchmarking
32. Global Food Decorations and Inclusions Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Food Decorations and Inclusions Market
34. Food Decorations and Inclusions Market Future Outlook and Potential Analysis
35. Appendix
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