Asia Pacific Food Inclusions Market Size, Share & Industry Trends Analysis Report By Application, By Type (Fruit & Nut, Chocolate, Cereal, Flavored Sugar & Caramel and Confectionery), By Form, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Food Inclusions Market would witness market growth of 6.6% CAGR during the forecast period (2022-2028).
Designing inclusive food systems requires a value chain framework, from enhancing farmers' access to resources and information to developing businesses and jobs off-farm in the middle of the chain. These kinds of additives' primary purpose are to prevent food from spoiling and thereby lengthen its shelf life. They achieve this by lessening the possibility of fats oxidizing, which is the process that results in food color changes and rancidity.
Food that is rancid not only tastes bad but also poses a health risk. Therefore, one of the main benefits of food inclusions in food production is food preservation. Vitamin C, also known as ascorbic acid, is one of the most widely used antioxidants and is added to fruits and vegetables to increase their shelf life.
The demand for food inclusion is increasing as a result of growing urbanization and rising adoption of the western culture in developing nations such as India and China. China continues to be a profitable market for food additives in the region because of the large population base with a prospective customer market. Furthermore, the nation is going through a significant period of innovation and the introduction of new products. Major corporations are planning business expansion to increase market penetration and are making investments to expand the nation's production capacity.
The China market dominated the Asia Pacific Food Inclusions Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,585.3 million by 2028.The Japan market is estimated to grow a CAGR of 5.9% during (2022 - 2028). Additionally, The India market would experience a CAGR of 7.2% during (2022 - 2028).
Based on Application, the market is segmented into Cereal Products, Snacks & Bars, Bakery Products, Dairy & Frozen Desserts, Chocolate & Confectionery Products and Others. Based on Type, the market is segmented into Fruit & Nut, Chocolate, Cereal, Flavored Sugar & Caramel and Confectionery & Others. Based on Form, the market is segmented into Solid & Semi-Solid and Liquid. Based on Semi-Solid Type, the market is segmented into Pieces, Nuts, Flakes & Crunches, Powder and Chips & Nibs. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kerry Group PLC, Cargill Corporation, Archer Daniels Midland Company, Tate & Lyle PLC, AGRANA Beteiligungs-AG, Puratos NV/SA, Balchem Corporation, Sensient Technologies Corporation, SunOpta, Inc, Chaucer Foods Ltd. (Pilgrim Food Group PLC), and Apple, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Cereal Products, Snacks & Bars
- Bakery Products
- Dairy & Frozen Desserts
- Chocolate & Confectionery Products
- Fruit & Nut
- Flavored Sugar & Caramel
- Confectionery & Others
- Solid & Semi-Solid
- Flakes & Crunches
- Chips & Nibs
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Kerry Group PLC
- Cargill Corporation
- Archer Daniels Midland Company
- Tate & Lyle PLC
- AGRANA Beteiligungs-AG
- Puratos NV/SA
- Balchem Corporation
- Sensient Technologies Corporation
- SunOpta, Inc
- Chaucer Foods Ltd. (Pilgrim Food Group PLC)
- Apple, Inc.
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