Global Confectionery Ingredients Market
The global Confectionery Ingredients market was valued at USD 57.40 billion in 2016 and is projected to reach USD 96.97 billion by 2025, growing at a CAGR of 6.0% from 2017 to 2025.
Confectionery ingredients markets is growing rapidly owing to rising consumption of bakery products. The rising health awareness has led to increased sales of healthy confectionery products owing to which the demand for these products is expected to grow rapidly over the forecast period.
1. Market Drivers
1.1 Increasing demand for natural ingredients due to increasing consumer awareness
1.2 Changing consumer lifestyles
2. Market Restraints
2.1 Volatile cocoa prices
2.2 Ambiguity over the consumption of trans-fatty acids and its related health issues
The global Confectionery Ingredients market is segmented on the type, source, application, form, and region.
1. By Type:
1.1 Dairy Ingredients
1.2 Cocoa and Chocolates
1.6 Starch and its derivatives
1.8 Shortenings and Oils
2. By Source:
3. By Form:
4. By Application:
4.2 Sugar Confectionery
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Olam International Ltd.
2. Arla Foods
4. Archer Daniels Midland Company
5. EI Du Pont De Nemours
8. Tate and Lyle PLC
9. Kerry Group PLC
10. Koninklijke DSM NV
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Confectionery Ingredients market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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