Confectionery Products Market Report Growth, Demand, Scope, Opportunities and Forecast 2022-2032

 

In addition, the preference for confectionery Products of natural origin is particularly increasing, which is attributed to concerns about the use of synthetic flavors. From 2016 to 2021, the market grew at a CAGR of 4.9%.

Valued at US$83.276 million in 2022, the confectionery ingredients market is expected to witness significant growth. Between 2022 and 2032, confectionery ingredient sales are expected to grow at a CAGR of 5.7% to reach US$130,743.3 million.

Confectionery is related to food products which are also known as candies, toffees, lollipops, cotton candy and other sweet items. The confectionery is basically categories into two types namely bakers confectionery and sugar confectionery. Bakers include cakes, sweet pastries, and others. Sugar confectionery includes chocolates, sweetmeats, chewing gum, and many more.

Whey powder helps in reducing sugar, proteins, and replace other milk products. Other confectionery products include sucrose, glucose, water, syrup, skimmed milk, icing sugar and much more. According to WILD Flavors, Inc., globally the confectionery ingredients manufacturers are aggressively inclined towards natural sources which is increased from 5.5% to 12% of total sugar and gums confectionery products launched during 2006 to 2010. According to Kalsec Inc., 80% of the parents prefer naturally source confectionery products over synthetic colors.

Confectionery Products Market: Drivers and Restraints  

Escalating demand of sugar free products such as candies and cakes for obese and diabetic patients, growing industrialization, increasing per capita spending power, use of naturally derived color with unique color emulsion technology are the factors expected to drive the growth of global confectionery ingredients market.

Moreover, increasing health consciousness, changing eating habits & lifestyle and products innovation are some other factors expected to fuel the growth of global confectionery ingredients market. However, harmful effects with synthetic color and strict FDA regulations for private labels are the factors that may hamper the growth of Confectionery Ingredients market.

Confectionery Ingredients Market: Overview

Based on the type of ingredients, cocoa & chocolate is the most lucrative segment among others owing to higher consumption of these ingredients in diverse industries and benefits associated with chocolates includes antioxidants present in cocoa which increase the level of good cholesterol or HDL. Cocoa & chocolate products are the sources of flavonoids intake which can improve blood vessel and reduce the risk of heart-related disease.

Most of the customers are inclining towards natural color products owing to health consciousness and increased awareness of effects of artificial color flavors. Moreover, natural colors are appropriate for the wide range of confectionery products such as gummies, hard candies, panned candies, tablets, and gums. According to global new product, the consumption of natural color are growing globally.

Confectionery Products Market: Region-wise Outlook

Depending on geographic region, confectionery ingredients market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America dominates the confectionery ingredients market followed by Europe, owing to high consumption of confectionery products, health lifestyle, and use of natural ingredients products. Asia Pacific, Middle East and Africa hold huge potential and shows substantial growth owing to rising demand for natural ingredients for healthy lifestyle, increasing disposable income, growing urbanization and escalation in consumption of confectionery products in these regions.

Confectionery Ingredients Market: Key Players

Key players of Confectionery Ingredients market are Cargill, Incorporated, Olam International, Barry Callebaut, Archer Daniels Midland Company, Ingredion Incorporated, Concord Foods Inc., Tate & Lyle PLC, AarhusKarlshamn and DuPont.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology, material and applications.

Confectionery Products Market: Segmentation

The confectionery ingredients market has been classified on the basis of types of ingredient, application, form, and source.

Based on types of ingredients, the confectionery ingredients market is segmented into the following:

  • Citrates
  • Cocoa & Chocolate
  • Malt
  • Starches & Derivatives
  • Sweeteners
  • Oil & Shortenings
  • Dairy Ingredient
  • Others

Based on application, the confectionery ingredients market is segmented into the following:

  • Gums
  • Hard Candies
  • Coating
  • Fillings
  • Caramels & Chewies
  • Aerated Confectionery

Based on form, the Confectionery Ingredients market is segmented into the following:

  • Liquid
  • Dry

Based on sources, the Confectionery Products market is segmented into the following:

  • Natural
  • Synthetic

 

Main Report Link: https://www.futuremarketinsights.com/reports/confectionery-ingredients-market

Comments

Post a Comment

Popular posts from this blog

Dairy Flavored Milk Market: Worldwide Industry Analysis of Key Findings, and New Market Opportunities Explored by 2022-2032

  Dairy Flavored milk  is a product manufactured by mixing milk, sugar or sweetener, coloring, and natural or artificial flavor. Flavored milk offers some essential nutrients like calcium, potassium, vitamins, phosphorus, and protein. Flavored milk is among the healthiest products from the food and beverage industry. Its health benefit is a boost for the market as consumers are moving towards healthy lifestyles. Also, the high shelf life and increase in demand for refrigerated milk products fuel the growth of the flavored milk market globally. The worldwide flavored milk market is supposed to arrive at a valuation of US$ 3,300 Million of every 2022. Generally speaking, deals of flavored milk are projected to develop at a strong CAGR of 6.4% somewhere in the range of 2022 and 2032, adding up to around US$ 6,119.3 Million toward the finish of 2032 The global dairy flavored milk industry is still on the rise as consumption is still low compared to other drinks like carbonated soft dri
Read more

Peanut Butter Market 2022: Increasing Demand for Efficient Management Practices, Key Segment & Opportunities Report-2030

Peanut butter is a low-calorie product with high protein content prepared from grinding of dry roasted peanuts. It serves as a substitute for the dairy butter. Peanut butter can be used as toppings for food products like bread, crackers, and many others. Peanut butter finds application in several end-user sectors such as bakery, savory and sauces, smoothies, and many more. Peanut butter is a rich source of energy that can be used as an alternative to milk butter. Aside the energy derived from the consumption, peanut butter is also a good source of protein, fiber, unsaturated fat and minerals such as magnesium, zinc, potassium, and vitamin E. With these nutritional value obtained from the consumption of peanut butter, the global market is slated to witness robust growth over the forecast period. Moreover, the growing population size of consumers with weight diseases and increasing disposable income of consumers in developed and developing countries are major factors expected to p
Read more

Global Vegan Fast Food Market Current and Future Trends, Growth Insights, Industry Segments and Regional Forecast by 2033

 The global vegan fast food market is predicted to be worth US$ 18829.5 million in 2023 and US$ 27980.2 million by 2033 The global vegan fast food market is predicted to develop due to increased knowledge about the benefits of a vegan diet. An additional factor, such as growing awareness of animal health and cruelty in the food industry, has encouraged individuals to transition from animal-based to plant-based fast food, which has contributed to the market's growth. As a result of these reasons, demand for vegan fast food is expected to rise at a constant 4.5% CAGR, with the United Kingdom, the United States, Germany, and Japan emerging as important manufacturers. Download Comprehensive Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-16198 The rise in awareness of health issues and human well-being, as well as changes in lifestyle, are the factors driving the growth of the global vegan fast food market. People are migrating toward vegetarian food
Read more