The Global Confectionery ingredients Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Global Confectionery ingredients Market is estimated to be $ 57.5 USD billion and predicted to rise to $ 78.04 USD billion with a CAGR of 6.3%. The market is segmented by type (Cocoa & chocolate, Dairy ingredients, Hydrocolloids, Emulsifiers, Malts, Oils & shortenings, Starches & derivatives, Sweeteners, Flavors, Others), by form (dry, liquid), by source (Synthetic, Natural), by applications (Chocolate, Sugar confectionery, Gum, Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The market is mainly driven due to confectionaries being ready-to-eat items, which makes them an ideal choice for the working-class section of the population. Also, increasing consumer awareness about the health benefits of chocolate, with chocolate being the major ingredient, has a positive influence on the overall industry. The market is restrained due to health awareness among consumers, as Confectionary mainly includes products made from sugar, which has high amount of calories.
Global market for Confectionery Ingredients is segmented based on type, form, source and application. By type, the market is further sub-segmented into Cocoa & chocolate, Dairy ingredients, Hydrocolloids, Emulsifiers, Malts, Oils & shortenings, Starches & derivatives, Sweeteners, Flavors, Others (food color additives & flavors, functional systems, fruits & vegetables). By form, the market is further sub-segmented into Dry and Liquid. By source, the market is further sub-segmented into Synthetic and Natural. By application, the market is further sub-segmented into Chocolate, Sugar confectionery, Gum, Others (fillings, coatings, caramel, aerated confectionery, spreads, and cereal bars). Cocoa & chocolate is the most widely used type of confectionery ingredients. Sugar confectionery application of the confectionery ingredients market is growing at the highest CAGR.
Geographically, Global market for Confectionery Ingredients is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. Europe is the largest market for confectionery ingredients in terms of market share contribution in the global market. Asia-Pacific is expected to witness highest growth owing to factors like economic developments paired with increasing urbanization.
Barry Callebaut, Olam International , Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, and E. I. du Pont de Nemours and Company, Koninklijke DSM N.V., Kerry Group plc , Arla Foods, Tate & Lyle PLC, are the major players of Global Confectionery Ingredients market.
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-confectionery-ingredients-market-1001/” and checkout our recent reports in the Ingredients category at “http://www.marketdataforecast.com/research-reports/food-and-beverages/food-ingredients-10/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.