The chocolate inclusions in bakery industry market is anticipated to increase at a compound annual rate of 6.90% from 2021 to 2028, reaching an estimated value of USD 1.50 billion. An important element propelling the market for chocolate inclusions in the baking sector from 2021 to 2028 is the rise in the use of chocolate-based food inclusions on a variety of goods.
Rapidly changing lifestyles and an increase in the working
population are the two biggest factors driving growth in the market for
chocolate inclusion in the baking sector. The desire for processed foods with
some type of value addition is the main driver of the market's demand.
While processing challenges and storage temperature have the
potential to pose growth challenges for the chocolate inclusions in bakery
industry market in the aforementioned forecast period, fluctuating product
prices and strict food safety regulations are projected to act as a restraint
towards the growth of the market.
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Chocolate Inclusions in Bakery Industry Market Scope and
Market Size
The chocolate inclusions in bakery industry market are
segmented on the basis of product type, form and distribution channel. The
growth among segments helps you analyze niche pockets of growth and strategies
to approach the market and determine your core application areas and the
difference in your target markets.
The chocolate inclusions in bakery industry market has also
been segmented into on the basis of distribution channel into direct sales/B2B
and indirect sales/B2C. Indirect sales/B2C has further been segmented into
intermediate/bulk distributors, brick and mortar retailers and online
retailers.
Europe leads the chocolate inclusions in bakery industry
market due to the increasing domestic consumption of the products along with
strong presence of various food & beverages manufacturers in this
particular region. Asia-Pacific is expected to expand at a significant growth
rate over the forecast period of 2021 to 2028 because of the rapid increase in
consumption of inclusions and their inventive usage in line with the flavor
profile and other consumer requirements within this particular region.
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Competitive Landscape and Bakery and Confectionery
Inclusions Market Share Analysis
The major players covered in the chocolate inclusions in
bakery industry market report are:
Cargill, Incorporated., ADM, Barry Callebaut, Kerry, Tate
& Lyle, AGRANA Beteiligungs-AG, Sensient Colors LLC, PURATOS, Balchem Inc.,
GEORGIA NUT COMPANY, Inclusion Technologies, Dawn Food Products, Inc., Nimbus
Foods Ltd, Chaucer Foods Ltd, Meadow Foods, IBK TROPIC, S.A, FoodFlo
International Ltd, Mother Murphy's Laboratories, Inc., Confection by Design,
and Pecan Deluxe Candy Company, among other domestic and global players.
Market share data is available for Global, North America,
Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America
separately. DBMR analyst understands competitive strengths and provide
competitive analysis for each competitor separately.
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