The decorations and inclusions market is expected to increase from US$ 10.6 billion in 2023 to US$ 18.8 billion in 2033.
Rising Demand for Bakery and Confectionery to Propel Market Growth
Bakery and confectionery items, such as cakes, cookies, and others, are widely consumed worldwide. As a result, these products are widely utilized in cookies, cakes, and other confectionary products, fueling industry growth. Furthermore, decorations and inclusions are utilized in various bakery items to add flavor and texture while making the product more appealing and presentable, contributing to industry growth over the projection period.
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The global business was unaffected by the pandemic because demand for these products increased due to the closure of commercial establishments such as bakeries, specialist cake shops, ice cream stores, and others. In addition, individuals all around the world were spending most of their time at home and experimenting with various varieties of cookies, cakes, pastries, and other baked goods utilizing these materials.
This expanded the use of decorations and additions at home, driving industry expansion during the pandemic. Cakes, pastries, confectionaries, cookies, and other food products are among the most popular and consumed around the world. Decoration and inclusion products are widely utilized in these products, promoting the market growth.
With the growing trend of personalizing pastries, desserts, and cakes, these items are being utilized more frequently, projected to boost the industry’s growth. Furthermore, such products are available in various designs, sizes, and shapes to choose from, providing a unique finish and style to the final dishes while also being versatile and usable in various seasons and situations.
Key Points from the Decorations & Inclusions Market
- The rising demand for textured and decorative baked goods, as well as the expansion of bakery and confectionery sectors across regions, are expected to fuel the growth of the decorations & inclusions market.
- The decorations & inclusions market is expected to record a CAGR of 5.9% during the forecast period 2023 to 2033.
- North America dominated the decorations & inclusions market
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Key Development in the Decorations & Inclusions Market
Barry Callebaut announced the acquisition of Europe Chocolate Company in September 2021. (ECC). This acquisition is expected to aid Barry Callebaut’s manufacturing skills in the highly specialized chocolate decorations and speciality industry.
- In May 2021, Cargill announced the acquisition of Leman Decorating Company, a renowned provider of cake decorations. The corporation implemented the approach to serve Europe’s gourmet clients better and increase Cargill’s decorative options globally.
- In May 2019, Pecan Deluxe Candy Company revealed that it had invested around US$ 3.93 million in developing its custom-built streamlining procedures and production facilities.
- In October 2018, with increased consumer demand for cleanly labeled natural products, the Paulaur Corporation announced non-GMO certified dessert covering.
- In August 2022, according to a survey by Pushups, LLC, 62% of Americans favor chocolate chip cookies above others, making it one of the most popular flavors among customers. As a result, the high preference, consumption, and integration of these items in various products are expected to drive market expansion over the projection period.
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Key Segment
By Product Type:
- Chocolate Sprinkles and Inclusions
- Chocolate Shapes
- Chocolate Cups and Shells
- Sugar Sprinkles and Inclusions
- Sugar Shapes
- Preserved/Dried Fruit Pieces
- Sweetened/Caramelized Nuts
- Roasted Nuts
- Baked Pieces
- Sugar Pastes & Icings
By End Use:
- Industrial/Food and Beverage Processing
- Baked Goods
- Cakes
- Pastries
- Sweet Biscuits
- Breakfast Cereals
- Confectioneries
- Chocolate Confectioneries
- Sugar Confectioneries
- Ice Cream and Frozen Desserts
- Snack Bars
- Bakeries and Pastry Shops
- Confectionery Shops
- Restaurants and Hotels
- Household (Retail)
By Sales Channel:
- Direct Sales/Business-to-business
- Indirect Sales/Business-to-consumers
- Intermediate/Bulk Distributors
- Brick & Mortar Retailers
- Online Retailers
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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