Global Confectionery Ingredients Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Confectionery Ingredients Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global confectionery ingredients market report has been segmented on the basis of type, source, form, application, and region.
Global Confectionery Ingredients Market: Overview
Confectionery ingredients are used to prepare several products such as chocolates, hard candies, chewing gums, marshmallows, gummies, and water jelly. Consumption of confectionery food products can improve or boost mental health, helps to focus, and also lowers the risk of cardiovascular diseases.
Global Confectionery Ingredients Market: Dynamics:
Growing demand for ready-to-eat food products and increasing demand for natural ingredients are major factors driving growth of the global market. In addition, increasing adoption of western lifestyle, increasing consumers approach regarding healthier and flavor-enhanced food products, increasing disposable income are some other major factors expected to drive growth of the food and beverage industry, which, in turn, will drive demand for the global confectionery ingredients manufacturers. Moreover, the increasing popularity of doughnuts, pancakes, and chocolate cookies along with launches of new food products on the shelves of confectionaries, bakeries, and departmental stores are some another factors which are expected to support revenue growth of the global market over the forecast period.
The expansion activities by major players through new product development is expected to create new opportunities for growth of the target market. In 2018, for instance, Nestlé S.A. introduced a new confectionery product ‘Milkybar Wowsomes’, which contains approximately 30% less sugar as compared to other chocolate bars. This product contains only natural ingredients and has no artificial sweeteners.
However, fluctuating cocoa prices and quality standards and regulations for confectionery ingredient products are major factors expected to restrain growth of the market over the forecast period.
Global Confectionery Ingredients Market: Segment Analysis
Among the type segments, the cocoa & chocolate segment is expected to account for major revenue contribution in the global market.
Among the source segments, the natural segment is projected to register a significant growth rate over the forecast period.
Among the form segments, the dry segment is expected to account for significant revenue share in the global market.
Among the application segments, the chocolate segment is projected to contribute significant revenue shares of the global market.
Global Confectionery Ingredients Market: Region Analysis:
The market in the Asia Pacific is projected to dominate the global confectionery ingredient market and is estimated to continue its dominance over the forecast period. This can be attributed to continuously increasing demand for confectionery ingredients and the presence of major players operating in the countries. In addition, suitable climate, operational benefits, along with growing health awareness among consumers are some factors expected to support growth of confectionery ingredients market. Moreover, rising disposable income, changing consumption pattern, and the presence of prominent players operating in emerging economies in the region, giving a new way for growth of the target market.
Global Confectionery Ingredients Market Segmentation:
Segmentation by Type:
- Cocoa & Chocolate
- Dairy Ingredients
- Oils & Shortenings
- Others (Starch & Derivatives, Hydrocolloids, Emulsifiers, Malts, Sweeteners, Flavors)
Segmentation by Source:
Segmentation by Form:
Segmentation by Application:
- Sugar Confectionery
- Others (Coating, Fillings, caramel, aerated confectionery)
Segmentation by Region:
- North America
- South America
- Asia Pacific
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Barry Callebaut
- Arla Foods amba
- Archer Daniels Midland Company
- I. du Pont de Nemours and Company
- Kerry Group
- Olam International
- Koninklijke DSM N.V.
- Ingredion Incorporated
- Cargill, Incorporated
- Concord Foods Inc.
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