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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