Asia Pacific Food Inclusions Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, by Form, and Application

Bakery Products Segment to Dominate Asia Pacific Food Inclusion Market during 2020-2028

According to a new market research study on “Asia Pacific Food Inclusion Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Type, Form, and Application,” is expected to reach US$ 4,750.35 million by 2028 from US$ 3,094.00 million in 2021. The market is estimated to grow at a CAGR of 6.3% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific food inclusion market along with the drivers and restraints pertaining to the market growth. Thriving demand for functional and healthy food products, varying consumer preferences and wide variety of application are the major factor driving the growth of the Asia Pacific food inclusion market. However, surging production costs of food products and beverages hinder the growth of Asia Pacific food inclusion market.

The COVID-19 is anticipated to cause a significant economic loss in the Asia-Pacific. In the Asia Pacific region India is the worst affected country due to COVID-19 followed by japan, South Korea, and China. The consequence and impact can be even worse and totally depends on the spread of the virus. The governments of various Asia-Pacific countries are taking possible steps to restrict the spread of the virus by announcing lockdown, which in turn has negatively impacted the revenue generated by the food inclusions market. The food inclusions market has had a major impact on its product trends. The pandemic has propelled consumers to opt for healthy food products with various functional properties.

The food inclusion market is segmented based on type, form, application, and country. Based on type, the market is segmented into chocolates, fruit and nuts, flavored sugar and caramels, and others. In 2020, the chocolate segment held the largest share in the market and fruit and nuts is expected to be the fastest growing during the forecast period. Based on form the market is segmented into solid and semi-solid. In 2020, the solid segment held the largest market share and it is also expected to the fastest growing segment over the forecast period. On the basis of application the market is segmented into dairy and frozen desserts, bakery products, breakfast cereals, chocolate and confectionery products, and others. In 2020, the bakery products segment accounts for largest market share and breakfast cereals segment is expected to be the fastest growing during the forecast period. Similarly, Based on Country the market is segmented into Australia, China, India, Japan, South Korea, and Rest of Asia Pacific. In 2020 China held the largest market share and India is expected to the fastest growing segment over the forecast period.

ADM; AGRANA Beteiligungs-AG; Puratos; Barry Callebaut; Cargill, Incorporated; Kerry Group; Georgia Nut Company; Taura Natural Ingredients Ltd.; and Sensient Technologies are among the leading companies in the Asia Pacific food inclusion market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, AGRANA Beteiligungs-AG had acquired fruit preparations business from Japan-based Taiyo Kagaku Co. Through this acquisition, AGRANA Beteiligungs-AG has expanded its presence in the Asian market

Reasons to buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific food inclusions market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific food inclusions market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the food inclusions market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution