Confectionery Products Market Size, Share, Competitive Landscape, Trends 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, skimme