Chicago — Chocolate is expected to account for the largest share of the food inclusions market in terms of value, according to Research and Markets, owning to consumers’ preference for the flavor.
Overall, the inclusions market is anticipated to increase 8 percent, compounded annually, by 2023. The market research company reports growth will be propelled by growing industrial demand and various inclusion types that align with shifting consumer preferences.
During the forecast period, cereal, snacks and bars are predicted to be the biggest end-using industries for food inclusions, according to Research and Markets. These markets will drive gains because of the benefits food inclusions offer, such as improving product appearance and texture, and enhancing flavor.