Decorations And Inclusions Market

Decorations and Inclusions Market: Upscale Foodservice Sector to Set the Pace for Demand: Global Industry Analysis (2013 - 2017) & Opportunity Assessment (2018 - 2028)

2019-01-23
REP-GB-8626
210 pages

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Decorations And Inclusions Market

An Incisive, In-depth Analysis on the Decorations And Inclusions Market

This study offers a comprehensive, 360 degree analysis on the Decorations And Inclusions market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Decorations And Inclusions market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Decorations and inclusions are key components in the bakery and confectionery sector, which lend a unique flavour, texture, mouthfeel, colour, and other improvements to finished products such as cakes, pastries, bar chocolates, breakfast cereals, and other products. Various types of decorations and inclusions that are produced from real and compound chocolate, sugar, fruits and nuts, flour, and other ingredients in finished or semi-finished forms are used in industrial processing, artisanal baking and confectioneries, HoReCa (hotels, restaurants, cafés), and for household uses. The global market for decorations and inclusions is estimated to account for over US$ 8 billion in revenue in 2018, growing at a CAGR of 5.9% between 2018 and 2028.

Technology Intervention in Decorations and Inclusions Propelling Utilization in Different Applications

Improvement in the production and processing technology for decorations and inclusions has resulted in expanded application areas over the past few years. Several factors such as shelf stability, moisture content, freeze/thaw, and thermal stability, among other factors, prohibited the use of decorations and inclusions in niche application areas. However, recent advances in coating technology, encapsulation, introduction of functional ingredient systems, and other developments have lent versatility to the use of decorations and inclusions in numerous end products. For example, Carletti uses a unique coating technology for its chocolate decorations and inclusions that enhances the freeze/thaw stability, thereby rendering them resistant to thermal shock, which is useful in end products such as ice cream and other frozen desserts. Additionally, the use of other products with moisture content such as icings do not affect the visual appearance of the decorations and inclusions due to these functional coating materials.

Quality Claims and Certifications for Decorations and Inclusions Lending Credibility to End Products

Sustainable sourcing of raw materials in the bakery and confectionery sector has become a key issue for several market participants across the value chain, due to the negative environmental impact resulting from over-harvesting of agricultural produce. This is especially true for cocoa, since most decorations and inclusions are produced from cocoa. This is in addition to the fact that Africa accounts for over 70% of the world’s cocoa bean production, and the livelihoods of African farmers are significantly impacted from crop failures or lower than expected harvest. Major buyers of cocoa for the production of decorations and inclusions, including industry leaders such as Barry Callebaut, have put several initiatives in place to ensure the sustainable sourcing of raw materials. Additionally, independent certification schemes such as Fairtrade, UTZ, and Rainforest Alliance have ensured increased transparency in the supply chains. Buyers of cocoa and producers of decorations and inclusions benefit from including these labels and certifications in their end products, due to increased awareness by consumers towards the environmental impact of food sourcing.

Health Benefits Combined with Taste in Fruit- and Nut-based Decorations and Inclusions

In alignment with sugar reduction strategies to combat the increasing prevalence of obesity, globally, decorations and inclusions containing dried fruits are preferred due to the natural sweetness lent to the end product, as well as health benefits such as antioxidants, vitamins, minerals, and other functional health benefits. Another evolving trend is the utilization of natural sources of sugar in decorations and inclusions, moving away from processed sugar, thereby drawing the attention of health-conscious consumers all around the world. Some of the examples of alternative sweeteners used in decorations and inclusions are monk fruit sugar, stevia, demerara and other unrefined sugars, among others. In addition to being healthy alternatives, these sugars tend to provide unique flavour profiles in decorations and inclusions otherwise not found in white sugar.

Bullish Outlook for the Bakery Sector Complementing the Demand for Decorations and Inclusions

Chocolate happens to be one of the most favourite consumer products, globally, and the tailwinds from the growth in the bakery and confectionery sector are expected to enhance consumer appetite for chocolate decorations and inclusions. The increasing propensity of consumers to spend on premium baked goods has played well in artisanal bakeries’ favour, where custom products for various occasions demand the use of high quality decorations and inclusions. Suppliers have been quick to tap into the demand, focusing on developing unique decorations and inclusions in various formats that appeal to a wide audience. Companies such as PCB Création in France produce hand-crafted and gourmet decorations and inclusions, revamping their collections seasonally to ensure a slew of new products and variants. Such strategies are starting to pick up steam, the impact of which is likely to sustain the growth of the decorations and inclusions market for several years to come.

FMI has compiled a study on decorations and inclusions, which offers an analysis and forecast of the decorations and inclusions market, in its publication titled 'Decorations and Inclusions Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028. This report on the decorations and inclusions market covers some of the vital facets that are key influencing factors on the demand and supply of various decoration and inclusion products over the next several years. An in-depth review of the growth drivers, potential challenges, unique trends, and opportunities for market participants, equip readers to fully comprehend the overall landscape of the decorations and inclusions market. The report on the decorations and inclusions market also covers the analysis of key regions and countries of particular interest that are anticipated to become frontrunners or remain laggards over the forecast period. The report covers a historical analysis of the decorations and inclusions market from 2013 to 2017, and provides forecasts from 2018 to 2028 in terms of volume in metric tons and revenue in US$.

The scope of the report on the decorations and inclusions market includes both, chocolate-based and sugar-based decorations and inclusions that are used in various end products such as cakes and pastries, confectionery products, breakfast cereals, cereal bars, ice cream, and desserts, among others. These products are typically utilized in industrial food production, and to a lesser degree, by artisanal bakery and confectionery shops, upscale foodservice places, and for household use. Producers of decorations and inclusions offer a wide variety of forms and shapes, which include ingredients, semi-finished, and finished products to offer versatility across different recipes.

This report on the decorations and inclusions market has been broken down into different chapters to enhance clarity and provide context. A brief executive summary at the beginning of the report consists of some of the key findings of the study on the decorations and inclusions market, as well as market estimates and growth rates for important segments. The following chapter presents the definitions and scope of the study, as well as coverage in terms of the way the decorations and inclusions market is structured. Subsequently, the chapter on market background presents the evolution of decorations and inclusions, relevant economic indicators such as GDP and per capita food consumption, including an assessment of the supply chain, policy developments and regulatory scenario, and dynamics impacting the decorations and inclusions market, as well as an explanation of the factors considered important to develop forecasts and estimates. The report on the decorations and inclusions market also includes a chapter on pricing analysis, highlighting price point variations between different regions and products, including pricing forecasts. The following chapters dive deep into the global decorations and inclusions market, covering detailed information based on product category, end use, and sales channel. The next set of chapters provide region-wise analysis and forecasts of the decorations and inclusions market, covering vital aspects of the market in North America, Latin America, Western Europe, Eastern Europe, China, Japan, India, Australia, Indonesia, Southeast Asia and the Rest of Asia Pacific, and the Middle East and Africa.

A dashboard view of some of the key companies operating in the decorations and inclusions market in terms of their offerings, regional presence, and other metrics is a precursor to the detailed profiles of these participants, including financial information, strategy overview, SWOT analysis, and market share, as well as analyst commentary. Some of the key players analyzed in the decorations and inclusions market report include Almendras Llopis, Barry Callebaut, Cargill, Inc., Carroll Industries NZ Ltd., Dawn Food Products, Inc., Delicia B.V., Dobla Chocolate, Dr. Oetker AG, HLR praline, ICAM S.p.A., Kanegrade Ltd., Kerry Plc, Mavalerio USA, Inc., Orchard Valley Foods Ltd., PCB Création, Odense Marcipan, Pecan Deluxe Candy Ltd., PT. Federal Food Internusa, Renshaw, and Ulmer Schokoladen GmbH & Co. KG.

To develop the market estimates for decorations and inclusions, the overall utilization of decorations and inclusions in volume terms as a proportion of finished end products was modeled for different regions and countries, which is followed by cross-referencing the production and revenue generated from the sales of decorations and inclusions by key producers for top countries, globally. The prices of decorations and inclusions have been obtained from manufacturers, distributors, and wholesalers for bulk quantities at a country level.

Our team of analysts review and interpret data from a variety of sources. Data attributed to ‘FMI’ is derived by using a combination of various approaches, which are then consolidated, interpreted, and extrapolated by FMI analysts. Data is sourced from government statistics, trade associations, company annual reports and investor presentations, press articles and directories, technical publications, and online databases, which are cross-referenced with FMI’s reports and internal repository of data to filter and validate the collected information. Intelligence gathered from desk research is supplemented by extensive interviews with selected key expert participants across the value chain, not only to gain information specific to their roles and operations but also to obtain their perspective and insights of the issues impacting the decorations and inclusions market.

Global Decorations and Inclusions Market: Segmentation

Analysis by Product

Chocolate Sprinkles and Inclusions
Chocolate Shapes
Chocolate Cups and Shells
Sugar Sprinkles and Inclusions
Sugar Shapes
Preserved/Dried Fruit Pieces
Sweetened/Caramelised Nuts
Roasted Nuts
Baked Pieces
Sugar Pastes & Icings

Analysis 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
- Beverages
Bakeries and Pastry Shops
Confectionery Shops
Restaurants and Hotels
Household (Retail)