Global confectionery ingredients market was valued at US $ XX Mn and expected to grow at 6.5% Compound Annual Growth Rat
Global confectionery ingredients market was valued at US $ XX Mn and expected to grow at 6.5% Compound Annual Growth Rate (CAGR) over 2018 to 2024
Market Outline: Confectionery Ingredients Market
Confectionery ingredients are the food items which are rich in sugar and carbohydrates. Confectioneries are categorized into two types, bakery confectionaries, and sugar confectionaries. The bakery confectionaries include cakes, pastries, and many other similar items. The sugar confectionaries include chocolates, bubble gum, candied nuts, and many.
Market Dynamics: Confectionery Ingredients Market
The change in the lifestyle of the people is enhancing the growth of the confectionery ingredients market. Soaring demand for the sugar-free products owing to the conditions such as diabetes and obesity is anticipated to drive the growth of the market. The burgeoning health consciousness among the people is attributing the growth of the confectionery ingredients market. Introduction of new products in various colors and flavors is adding a scope for the growth of the market by providing an opportunity to the manufacturers in the expansion of their product portfolio. The growing awareness regarding the health benefits of chocolates is adding fuel for the growth of the market. However, the stringent FDA regulations are hampering the growth of the confectionery ingredients market. Moreover, the use of synthetic colors is hindering the growth of the market.
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Market Scope: Confectionery Ingredients Market
Confectionery ingredients market is segmented based on the source, form, type, and applications
Based on the source, the market is segmented into the following:
Natural
Synthetic
Based on the form, the market is segmented into the following:
Dry
Liquid
Based on the type, the market is segmented into the following:
Dairy ingredients
Cocoa & chocolate
Sweeteners
Hydrocolloids
Emulsifiers
Flavors
Malt
Others
Based on the application, the market is segmented into the following:
Sugar Confectionery
Gums
Caramels
Others
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Regional Analysis: Confectionery Ingredients Market
Geographically, global confectionery ingredients market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe confectionery ingredients market holds the largest share when compared with that of the other regional markets. The Netherlands and the United Kingdom constitutes the larger share form this region. North America trails Europe in the confectionery ingredients market owing to change in food habits. The Asia Pacific is expected to grow exponentially over the forecasted period due to its emerging economies and growing urbanization. China and India confectionery ingredients market is predicted to be the attractive markets in the upcoming years.
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Competition Assessment: Confectionery Ingredients Market
Some of the players in the global confectionery ingredients market include:
Tate & Lyle PLC (U.K.)
Ingredion Incorporated (U.S.)
Aarhus Karlshamn (Sweden)
Cargill, Incorporated (U.S.)
Archer Daniels Midland Company (U.S.)
Olam International (Singapore)
Barry Callebaut (Switzerland)
E. I. du Pont de Nemours and Company (U.S.)
Koninklijke DSM N.V. (Netherlands)
Kerry Group plc (Ireland)
Arla Foods (Denmark)
Notable Market Developments: Confectionery Ingredients Market
In January 2018, Nestle has launched new KitKats made from natural ruby chocolate
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