The substantial rise in the consumption of confectionery and bakery items is influencing the growth of the confectionery ingredients market at a regional and global level. The strong demand for sugar confectionery, chocolate and bakery products is expected to accelerate the advancement of this market over the coming few years. The influence of the western culture on the food habits of people in emerging economies is also expected to boost the growth of confectionery in the near future, reflecting substantially on the sales of confectionery ingredients. Considering this fact, Market Research Reports Search Engine (MRRSE) has recently announced the addition of a new market report to its vast online repository with a title ‘Confectionery Ingredient Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025’. This report analysis the present state as well as the future potential of the global confectionery ingredient market.
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The global confectionery ingredient market will rise at a CAGR of 4.2% between 2017 and 2025. At this pace, the market is expected to reach a value of US$109.48 billion by the end of 2025 from a value of US$76.25 billion in 2016. The report on global confectionery ingredient market provides an elaborate executive summary, along with a market snapshot that gives comprehensive information about various segments and sub-segments of the market. In the market overview section, the report includes product overview and market introduction. Market dynamics such as drivers, restraints and opportunities that have a strong impact on the growth of the market are examined in detail within the report. The report covers all the key trends and technologies playing an important role in the growth of the global confectionery ingredient market over the forecast period. An attractiveness analysis is also included for every segment in the report, in order to provide a thorough understanding of the overall landscape in the market.
The global confectionery ingredient market is segmented based on type into emulsifiers, sweeteners, chocolate & cocoa, sugar, dairy ingredients. The chocolate and cocoa segment held the largest market share in 2016. In addition, based on application, the global confectionery ingredient market is segregated into chocolate, sugar confectionery, bakery and others. The usage of these ingredients is considerably high in chocolates. This trend is likely to continue throughout the forecast period mainly due to the growing awareness among people about the health benefits of dark chocolates.
The report offers a holistic perspective of the market’s growth in terms of revenue (US$ million), across geographical regions such as North America, Europe, Asia Pacific, South America and Middle East & Africa. The major players operating in the global confectionery ingredient market include Cargill Corporation, E. I. Du Pont De Nemours and Co., Archer Daniels Midland, Olam International Ltd., Barry Callebaut, Kerry Group, Tate and Lyle Plc, Koninklijke DSM N.V., ZuChem Inc., and Ingredion Inc.
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