Europe Confectionery Ingredients Market was worth US$ xx million in 2022, and it is estimated that it will reach a valuation of US$ xx million by 2028 with an annual development rate of xx% between 2023 and 2028.
Confectionery is associated with foods also known as toffees, lollipops, candy, cotton candy, and other sweet items. Confectionery is mainly classified as bakery confectionery and sugar confectionery. Confectionery products are also made from whey ingredients such as lactose and whey powder. Lactose has unique properties that provide a variety of functional benefits in confectionery products. A variety of ingredients that can be supplied naturally or synthetically are used to produce confectionery products. Whey powder helps reduce sugar, protein, and replaces other dairy products.
The rise of confectionery applications in the food and beverage industry is driving market demand for confectionery ingredients in Europe.
Increased investment by various industry participants in research and development and innovation activities is expected to have a positive impact on the growth of the Europe confectionery ingredients market in the future. Additionally, the rising consumer awareness related to health benefits of chocolate is foreseen to promote the European confectionery ingredients market in the coming years. Also, increased consumption of confectionery products in developed and developing countries is expected to have a strong impact on the market for confectionery raw materials. It is also expected to have a profound impact on the confectionery ingredients market as consumers' lifestyles change and awareness of the various health benefits of chocolate increases. The influence of Western culture on the eating habits of consumers in developing countries is expected to increase the demand for confectionery in the near future, which is substantially reflected in the sale of Europe confectionery ingredients. The high demand for chocolate, confectionery and bakery products will accelerate the development of this market in the coming years. The rapid increase in the consumption of pastry and bakery products has influenced the growth of the market for confectionery ingredients. Emerging, seasonal and festival-related demand is expected to create unexplored opportunities for market participants. In addition, factors such as strengthening research and development and innovation to strengthen the market for confectionery materials often bring new official products such as aerated confectionery, caramel confectionery, fillings, coatings, etc. The confectionery ingredients market is driven by increasing industrialization and increasing demand for confectionery products around the region. Consumer awareness of the health benefits of eating chocolate is driving demand for confectionery ingredients.
Also, the demand for confectionery products is increasing due to changes in consumer demand and the influence of Western culture in terms of eating habits in developing countries. Cocoa and other dairy ingredients added to chocolate have been reported to have health benefits. The cocoa content alleviates diseases such as high blood pressure, cholesterol and other neurodegenerative diseases. In recent years, sweets have become a staple food. In addition, increased awareness of health, eating habits and lifestyle changes, and product innovation are other factors expected to drive the growth of the Europe confectionery ingredients market. Increasing demand for sugar-free products such as sweets and cakes for obesity and diabetics, increasing industrialization, increasing per capita consumption and the use of naturally-derived pigments with unique color emulsion technology are expected to drive the growth of the world market for confectionery raw materials. Confectionery ingredients like cocoa have antioxidant properties that help improve sugar and cholesterol levels. The ingredients in the candy offer a variety of health benefits. Therefore, the market for confectionery ingredients may grow due to various health benefits. The growing demand for natural ingredients, changes in eating habits and the growing trend of chocolate gifts on special occasions and celebrations is expected to further accelerate the growth of the European market for confectionery ingredients in the coming years.
The factors holding back the market are factors such as regulations on the use of raw confectionery products to maintain international quality standards and the volatility of cocoa prices. The harmful effects of synthetic colors and strict FDA regulations on private labeling are factors that can hinder the growth of the Europe confectionery ingredients market.
The emergence of COVID-19 pandemic has brought the whole world to a standstill. The health crisis caused by coronavirus has had an unprecedented impact on businesses in all industries. Increased support from governments and multiple companies can help combat this highly contagious disease and is expected to drive the growth of the European confectionery ingredients market.
The Europe Confectionery ingredients market is segmented as follows:
Depending on the type of ingredient, cocoa and chocolate are the most profitable sectors due to the increased consumption of these ingredients in a variety of industries, and the benefits associated with chocolate include the antioxidants present in cocoa, which increase the levels of good cholesterol or HDL. Cocoa and chocolate products are a source of flavonoid intake, which can improve blood vessels and reduce the risk of heart-related diseases. Most customers prefer natural colorants due to their health awareness and increased awareness of the efficacy of artificial colorants. In addition, the natural color is suitable for a variety of confectionery products such as gummies, hard candies, candies, tablets and gum.
By application, the market for confectionery ingredients has been segmented into sugar confectionery, gum, chocolate and other applications such as coatings, fillings, aerated confectionery, spreads, candies and cereal bars. The chocolate sector dominated the confectionery market due to high demand for chocolate due to health benefits, changes in eating habits, consumer preference for prepared foods, and high consumer purchasing power.
Depending on the source, the Europe confectionery ingredients market has been segmented into natural and synthetic. The synthetic segment dominated the market for confectionery ingredients, as manufacturers of confectionery ingredients rely on this source for its functional benefits and associated profitability.
Based on the form, the regional market is bifurcated into dry and liquid. Of these, the liquid segment is anticipated to record a noteworthy CAGR in the foreseen period.
Geographically the Europe Confectionery Ingredients Market is segmented into UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe. Europe is the dominant region in this market and the consumption of confectionery products such as chocolate and chewing gum has been reported to be higher. Europe occupied a significant market share in the global confectionery raw materials market in 2019 due to the increasing demand for confectionery ingredients and the increasing popularity of garlic-flavored foods among people. The confectionery ingredients market in Europe is mainly driven by the growing demand for sweetened products, bread and ice cream in national regions such as Germany, France, the United Kingdom and other European regions. However, the demand for confectionery ingredients in the area is expected to show modest growth over the next few years due to maturity.
Key Players in the Market:
Major key players in the Europe Confectionery Ingredients Market are
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