The global confectionery ingredients market size was worth around USD 78.53 billion in 2023 and is predicted to grow to around USD 109.07 billion by 2032 with a compound annual growth rate (CAGR) of roughly 3.84% between 2024 and 2032.
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Market for Confectionery Ingredients: General View
Another name for confectionery products is sweets or candies. Generally eaten as snacks, they are either sugar-based or chocolate-based food products. Two main divisions separate confectionery: sugar confections and baker’s confections. Confections have poor protein and micronutrient content but lots of calories. Though some confections, especially fried dough, have high-fat content, they could be fat-free foods. Empty calories abound in most of the sweets.
Pastries, cakes, and other similar baked products make up Baker’s confectionery, sometimes referred to as flour confectionery. Confectionery is the broad term used to describe any sweet good made from sugar and candies using sugar as the major ingredient. Principal components in confectionery meals include sugar and sweeteners. Confectionery items also feature other sweeteners such glucose syrup, corn syrup, molasses, and aspartame.
For manufacturing cereal bars, aerated candy, coatings, fillings, caramel, and various forms of spreads, confectionery ingredients—including sugar confectionery, chocolate, gum, and others—are highly sought for in many different sectors. Furthermore projected to fuel the global confectionery ingredients market expansion over the forecast time period is changing customer lifestyle and tastes. Since confectionery components are good for health and so consumers mostly choose them, the chocolate business mostly makes use of them. Future driving force for the worldwide confectionery ingredients industry is projected to be this as well. Mostly concentrating on offering creative new goods that will improve the food taste and draw consumers, the main companies in the primary market include
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The Global Confectionery Ingredients Market is segmented based on product, application and region
Global Confectionery Ingredients Market: Product Segment Analysis
● Cocoa and Chocolate
● Dairy Ingredients
● Hydrocolloids
● Emulsifiers
● Malts
● Oils and Shortenings
● Starch and Derivatives
● Sweeteners
● Flavors
● Others
Global Confectionery Ingredients Market: Application Segment Analysis
● Chocolate
● Sugar Confectionery
● Gum
● Others
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The Global Confectionery Ingredients market profiles key players such as:
● Barry Callebaut
● Arla Foods
● Archer Daniels Midland Company
● E. I. du Pont de Nemours and Company
● Kerry Group
● Olam International
● Koninklijke DSM N.V.
● Ingredion Incorporated
● Cargill
Regional Analysis of Confectionery Ingredients Market
North America, Europe, Asia Pacific, Latin America, the Middle East and Africa constitute the regional section.
Due to growing demand for confectionary ingredients and the popularity of garlic-flavored food products among the population, Europe held the main market share of the global confectionery ingredients market by region in 2023. People’s rising disposable income is likely to drive the Asia Pacific confectionery ingredients market to display the greatest CAGR over the forecast period. Moreover, developing nations like India and China are seeing increasing demand for confectionery ingredients because of changing lifestyles and growing urban population base that favour confectionery food items.
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