Global Confectionery Ingredients Market is projected to grow at a rapid pace with an impressive CAGR during the forecast period 2023-2027. The market growth can be attributed to the rising per capita income of the people and flourishing food & beverages industry. Moreover, the increasing consumer awareness regarding the health benefits is augmenting the demand for natural ingredients based confectionery products. Confectionaery products primarily includes sweet confectionaries, chocolate confectionaries, and gum confectioneries. The market is further catalysed by the escalating demand for natural ad clean-label confectionery ingredients due to the rising consumer concerns towards health. In addition, the surging diabetic population around the world is increasingly demanding sugar-free confectionery products is anticipated to supplement the demand for healthy confectionery ingredients market. Apart from this, several leading manufactures are focusing on expanding their product portfolio by launching novel and innovative products, which is providing a positive outlook to the market. Moreover, the wide availability of confectionery products on online retail channels, and the easer of doorstep delivery associated with online retail channels is providing a thrust to the global confectionery ingredients market.
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The global confectionery ingredients market is segmented on the basis of type, form, application, source, competitive landscape, and regional distribution. Based on the type the market is bifurcated into dairy ingredients, cocoa & chocolate, emulsifiers, sweeteners, starch & derivatives, oils & shortenings and others. Among these, cocoa & chocolate segment is anticipated to hold a significant market share in the coming years owing to changing lifestyle of the consumers coupled with evolving habits, high purchasing power, and proliferating demand for convenience food. By form the market is divided between dry from and liquid form. Based on the application the market is fragmented between (chocolate, gum, sugar confectionery and others. By source the market is differentiated between synthetic and natural. The market analysis also studies the regional segmentation, divided among North America, Europe & CIS, Asia Pacific, Middle east and Africa, South America.
Some of the leading players in the Global Confectionery Ingredients Market are Cargill, Archer Daniels Midland Company, Barry Callebaut, Kerry Group PLC, Koninklijke DSM N.V., Olam International Ltd., E. I. Du Pont De Nemours and Company, Aarhuskarlshamn etc.
In this report, Global Confectionery Ingredients Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Confectionery Ingredients Market, By Type:
- Dairy Ingredients
- Cocoa & Chocolate
- Starch & Derivatives
- Oils & Shortenings
- Confectionery Ingredients Market, By Form:
- Dry Form
- Liquid Form
- Confectionery Ingredients Market, By Application:
- Sugar Confectionery
- Confectionery Ingredients Market, By Source:
- Confectionery Ingredients Market, By Region:
- Asia Pacific
- South Korea
- Europe & CIS
- United Kingdom
- North America
- United States
- South America
- Middle East and Africa
- South Africa
- Saudi Arabia
Company Profiles: Detailed analysis of the major companies present in Confectionery Ingredients Market.
With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to five).