Confectionery Ingredients Market Research Report Information: by Type, Share, Application and Forecast Till 2027
Confectionery ingredients mainly
include chocolate, cocoa, emulsifier, sweeteners. Each confectionery ingredient
has a unique property. These ingredients are mixed in required quantity during
the preparation of confectionery products such as candy, chocolates, sweets,
chewing gum, and others. Manufacturers are exploring the applications of
confectionery ingredients in their manufacturing process owing to the benefits
they provide. In confectionery ingredients, chocolate is used as a flavoring
agent- improves blood vessels and reduce the risk of heart related diseases.
Moreover, sweeteners are used as a healthy additive instead of sugar, which is
attracting diabetic patients and obese population towards products.
Competitive Analysis
The major players in the confectionery ingredients market
- Cargill Incorporated (U.S.)
- Archer Daniels Midland Company (U.S.)
- I. du Pont de Nemours and Company (U.S.)
- Olam International (Singapore)
- Kerry Group plc (Ireland)
- Barry Callebaut (Switzerland)
- Tate
& Lyle PLC (U.K.)
Confectionery ingredient market is expected to grow substantially during
the the forecast period. Huge investment in R&D and technological surge are
driving the growth of the global confectionery ingredients market. However, the
various regulations which the confectionery manufactures need to abide of may
hamper the growth of the market over the review period.
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Downstream Analysis
Confectionery
ingredients are segmented on the basis of product type such as chocolates and
cocoa, dairy ingredients, emulsifier, stabilizers and thickeners, sweeteners
and others. Among all, chocolate is dominating in the market. Apart from being
a flavoring agent, it also holds various health beneficial properties which is
driving the growth of the chocolates in the confectionery ingredients.
On
the basis of form, the confectionery ingredients are segmented as dry, liquid,
and others. The dry form of confectionery ingredients is dominating the market
based on its operational excellence as well as functional benefits.
Based
on the application, the confectionery ingredients are segmented into sweets, candy,
candy nuts, chocolates, chewing gum, and others. Among all, chocolate segment
is dominating others. Rapidly increasing consumption of chocolates followed by
increasing awareness about health benefits from chocolate consumption is
driving the growth of the chocolate market, which, in turns, leads the growth
of the confectionery ingredients.
Regional Analysis
The
global confectionery ingredients market
is segmented into North America, Europe, Asia Pacific, and rest of the world
(RoW). Europe is projected to dominate the market followed by North America.
High consumption of confectionery products and rising concern towards healthy
lifestyle have supported the confectionery ingredients market. High focus on
R&D has also contributed to the growth of confectionery ingredients in this
region.
Moreover,
Asia Pacific is expected to grow rapidly during the forecast period. Growing
industrialization, increasing disposable income, and increasing consumption of
confectionery products are driving the growth of confectionery products in this
region. In Asia Pacific, China is the major contributor to the regional growth.
Furthermore, the Middle East and Africa are assumed to grow over the forecast
period owing to increasing demand for confectionery products and and growing
concern towards healthy lifestyle.
NOTE: Our Team
of Researchers are Studying Covid19 and its Impact on Various Industry
Verticals and wherever required we will be considering Covid19 Footprints for
Better Analysis of Market and Industries. Cordially get in Touch for More
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