Confectionery is the art of making confections, which are food items that are rich in sugar and carbohydrates. Exact definitions are difficult. In general, though, confectionery is divided into two broad and somewhat overlapping categories, bakers' confections and sugar confections.
Global Confectionery Ingredients Industry was valued at USD 63.7 Billion in the year 2018. Global Confectionery Ingredients Industry is further estimated to grow at a CAGR of 5.8% from 2018 to 2025 to reach USD 101 Billion. The objectives of the study are to define, segment, and measure the confectionery ingredients Industry with respect to its type, application, source, form, and key regional Industry. It also includes factors affects the growth of the Industry, strategic analysis of the micro Industrys, analysis of the opportunities for stakeholders, details of the competitive landscape, and strategic profiling of the key players with respect to their Industry share and core competencies.
Segmentation based on application, the confectionery ingredients Industry has been segmented into sugar confectionery, chocolate, gums, and other applications such as caramel, fillings, coatings, spreads, aerated confectionery, and cereal bars. The chocolate segment have dominated in the confectionery ingredients Industry as there is an increasing demand for chocolates, changing lifestyles coupled with evolving eating habits, owing to the health benefits attached to it, consumers’ preference for convenience food and high purchasing power of consumers.
Segmentation based on source, the confectionery ingredients Industry has been segmented into natural and synthetic. The synthetic segment is dominent segment in the confectionery ingredients Industry due to confectionery ingredients manufacturers’ reliance on owing to its functional benefits, source, and the cost efficiencies involved.
Europe holds is major driven share in confectionery ingredients Industry due to its growing demand of bread, sweetened items, and ice cream in domestic regions, such as the Germany, U.K., France, Itlay and the Rest of Europe. However, the demand for confectionery ingredients in this region is expected to grow at a CAGR of %% over the forthcoming years.
Asia Pacific, on the other hand, is expected to register a higher growth rate as compared to the other regions between 2018 and 2025, especially in countries such as India,China, and Japan. The continual research on the consumption of chocolate and procurement of good quality confectionery ingredients from reliable sources are expected to complement the rise of the Industry for confectionery ingredients in this region in the near future.
Major Market Players in Confectionery Ingredients Industry are Cargill Inc., Olam International Ltd., E. I. Du Pont De Nemours and Co., Archer Daniels Midland Co., Ingredion Inc., Barry Callebaut, Tate & Lyle Plc, Koninklijke DSM N.V., and Kerry Group Plc are some of the key vendors of confectionery ingredients across the world. And distributors such as Kerry Group plc, Koninklijke DSM N.V., and Tate & Lyle PLC.
confectionery ingredients Industry Segmentation:
confectionery ingredients Industry Overview, By Type
Confectionery Ingredients Industry Overview, By Application
Confectionery Ingredients Industry Overview, By Source
Confectionery Ingredients Industry Overview, By Form
Confectionery Ingredients Industry Overview, By Region