As per the current market research conducted by the CMI Team, the global Food Decorations and Inclusions Market size is expected to record a CAGR of 5.6% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 13,392.3 Million. By 2033, the valuation is anticipated to reach USD 21,869.1 Million.
Food Decorations and Inclusions Market: Growth Factors and Dynamics
- Increasing Demand for Artisanal and Customized Products: Growing consumer interest in unique and visually appealing food presentations drives demand for artisanal decorations and inclusions, fostering market growth.
- Rising Popularity of Social Media and Food Blogging: The prevalence of social media platforms and food-centric content creation influences consumer preferences towards aesthetically pleasing food decorations and inclusions, creating opportunities for market expansion.
- Expanding Foodservice Industry: The growth of the food service sector, including restaurants, cafes, bakeries, and catering services, fuels demand for decorative elements and inclusions to enhance the visual appeal of dishes, driving market dynamics.
- Innovation in Ingredients and Techniques: Ongoing innovation in ingredients, such as edible flowers, gold leaf, and colored sugars, along with creative techniques like molecular gastronomy, contribute to the diversification and evolution of the food decorations and inclusions market.
- Health and Wellness Trends: Increasing consumer awareness of health and wellness influences demand for natural, organic, and healthier alternatives in food decorations and inclusions, prompting manufacturers to develop products that align with these preferences to maintain market relevance.
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Food Decorations and Inclusions Market: Partnership and Acquisitions
- In 2021, Barry Callebaut’s acquisition of Europe Chocolate Company (ECC) enabled enhanced manufacturing capabilities in highly customized chocolate decorations and specialty items. This strategic move bolsters Barry Callebaut’s position in meeting the evolving demands of the market for tailored chocolate products.
- In 2022, Cargill’s acquisition of Leman Decoration Group, a prominent cake decorations supplier, aims to enhance its service to Europe’s gourmet customers and expand its decoration offerings globally. This strategic move strengthens Cargill’s position in the market and reinforces its commitment to innovation and customer satisfaction.
Food Decorations and Inclusions Market: COVID-19 Analysis
The COVID-19 pandemic has significantly impacted the Food Decorations and Inclusions Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:
- Disruption in Supply Chains: COVID-19 disrupted global supply chains, leading to shortages and delays in the availability of food decorations and inclusions, affecting production and distribution.
- Shift in Consumer Preferences: Changes in consumer behavior due to COVID-19, such as reduced dining out and increased home cooking, altered demand patterns for food decorations and inclusions, impacting market dynamics.
- Product Innovation and Diversification: Manufacturers focus on innovating new products and diversifying offerings to meet changing consumer preferences and adapt to evolving market trends.
- Enhanced Online Presence: Increased emphasis on online sales channels and e-commerce platforms enables manufacturers to reach consumers directly and mitigate the impact of disrupted traditional distribution channels.
List of the prominent players in the Food Decorations and Inclusions Market:
- Barry Callebaut Group
- The Kraft Heinz Company
- Kerry Group
- Puratos Group
- Cargill Incorporated
- Archer Daniels Midland Company (ADM)
- Ingredion Incorporated
- Tate & Lyle PLC
- Hansen Holding A/S
- Dupont de Nemours Inc.
- Associated British Foods plc
- AAK AB
- Givaudan SA
- International Flavors & Fragrances Inc. (IFF)
- Doehler GmbH
- Others
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