Latin America Confectionery Ingredients Market has been estimated at USD 6.5 Billion in 2021 and is projected to reach USD 9.08 Billion by 2026, at a CAGR of 6.93% during the forecast period from 2021 to 2026.
Confectioneries are food products that involve products like chocolate and non-chocolate candy; gum; ice cream and frozen desserts; cookies, cakes, and pastries; and other sweet goods such as jams, jellies, and preserves. They are sold through broad retail chain which includes super markets, gourmet and specialty stores, and grocery stores.
The factors that are driving the market for Confectionery ingredients in Latin America are increasing demand for confectionery ingredients in diverse industries, and increasing consumer awareness about the health benefits of chocolate, with chocolate being one of the most famous confectionery ingredients. But, the market growth can be constrained due to ill effects of confectionaries on health like diabetes and obesity, with increasing health awareness among people.
Latin America 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 the Latin America Confectionery Ingredients Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. With increasing retail stores, along with increasing disposable income, more and more companies are willing to exploit the markets of Latin America, as they envisage a great potential.
Key Players in the Market:
Major Key Players in the Latin America Confectionery Ingredients Market are
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By type
5.1.1 Cocoa & chocolate
5.1.2 Dairy ingredients
5.1.3 Hydrocolloids
5.1.4 Emulsifiers
5.1.5 Malts
5.1.6 Oils & shortenings
5.1.7 Starches & derivatives
5.1.8 Sweeteners
5.1.9 Flavors
5.1.10 Other ingredient type
5.1.10.1 Food color additives & flavors
5.1.10.2 Functional systems
5.1.10.3 Fruits & vegetables
5.2 By form
5.2.1 Dry
5.2.2 Liquid
5.3 By source
5.3.1 Synthetic
5.3.2 Natural
5.4 By applications
5.4.1 Chocolate
5.4.2 Sugar confectionery
5.4.3 Gums
5.4.4 Other confectionery ingredient applications
5.4.4.1 Fillings
5.4.4.2 Coatings
5.4.4.3 Caramel
5.4.4.4 Aerated confectionery
5.4.4.5 Spreads
5.4.4.6 Cereal bars
6. Geographical Analysis
6.1 Introduction
6.2 Brazil
6.3 Mexico
6.4 Rest of Latin America
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Barry Callebaut
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Olam International
8.3 Cargill, Incorporated
8.4 Archer Daniels Midland Company
8.5 Ingredion Incorporated
8.6 E. I. du Pont de Nemours and Company
8.7 Koninklijke DSM N.V.
8.8 Kerry Group plc
8.9 Arla Foods
8.10 Tate & Lyle PLC
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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