Confectionery Ingredients Market 2018 | by Growth Rate Analysis, Company Profiles, Segmentation, Opportunities and Global Industry Trends by Forecast 2023

Market Overview:

Due to growing demand for confectionery ingredients in several industries, the market is growing at an incremental pace globally. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on ‘Global Confectionery Ingredients Market Research Report- Forecast to 2023’ that the market will demonstrate an exceptional CAGR while achieving good growth rapidly in the forecast period.

Various confectionery ingredients have diverse applications in sweets, candy, candy nuts, chocolates, chewing gum, and others. These applications drive the growth of the market. Additionally, escalating demand for sugar-free products owing to growing health awareness among consumers add fuel to the market growth. Confectionery ingredients are used in various industries, for instance, food, pharmaceuticals, and personal care. They are used as an essential flavoring agent in the preparation of fast foods such as pizza, noodles, pasta, and many more. Additionally, over the years, the consumption of fast food has increased manifold which is positively influencing the growth of the confectionery ingredients market. Functional ingredients provide many health benefits such as reducing cholesterol, benefiting immune system, and others. These properties have supported its usage in functional beverages thus, expanding its market.

Furthermore, owing to high consumption rate of chocolate, the confectionery ingredients are widely used in chocolate industry, thereby chocolate segment is projected to lead the market. However, stringent FDA regulations for private labels could act as a restraint for the market.

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Latest Industry Updates:

Oct 2017 Palsgard A/S, announced the launch of palm-free powdered emulsifiers and stabilizers Palsgaard® SA 6615for industrial cakes.

Jun 2017 DuPont launched stabilizer Grindsted Gellan Mas 100 for plant based beverages.

May 2017 Hydrosol launched emulsifier to be used as meat alternatives. The emulsifier-stabilizer plant based proteins match the juiciness and firmness of meat.

Dec 2016 Spanish company Lacenor launched a wide range of plam-oil free emulsifiers to be used for wide range of products.

Dec 2016 Premium Ingredients introduced Premilac XLY-15049, a dairy protein stabilizer for the production of Greek style yogurt and Petit-suisse.

Jul 2016 Premium Ingredients launched Premitex XLK -15043 a stabilizer based on starches, hydrocolloids, and melting salts for analogue cheese for pizza.

Major Key Players:

The key players of the market are investing a significant amount in research and development for developing novel products in order to capitalize on the growing demand for the product. For instance, DuPont launched stabilizer Grindsted Gellan Mas 100 for plant based beverages recently. The companies are introducing various state of art technologies to gain an edge over competitors. The best long-term growth opportunities for this sector can be captured by following both organic and inorganic growth strategy. Acquisition and merger with smaller market players will help the company to expand the market in potential market.

The key players profiled in confectionery ingredients market report are Cargill (U.S.), Archer Daniels Midland Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), Kerry Group plc (Ireland), Arla Foods (Denmark), Tate & Lyle PLC (U.K.), Olam International (Singapore), Barry Callebaut (Switzerland), Ingredion Incorporated (U.S.), and Koninklijke DSM N.V. (Netherlands) among many others.

Market Segments:

The Global Confectionery Ingredients Market has been divided into type, form, application, and region.

On The Basis Of Type: Chocolate, Dairy Ingredients, Emulsifiers, Stabilizers and Thickeners, Sweeteners, and Others

On The Basis Of Form: Dry, Liquid, and Others

On The Basis Of Application: Sweets, Candy, Candy Nuts, Chocolates, Chewing Gum, and Others

On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.

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Regional Analysis:

The global confectionery ingredients market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the confectionery ingredients market. In Asia Pacific, China and India are the major consumers of confectionery ingredients owing to their usage in the preparation of different cuisines in these countries. Moreover, North America is witnessing a considerable growth in the confectionery ingredients market owing to increased consumers’ likeness in the U.S. region. Furthermore, increasing consumption of fast food in emerging economies is propelling the growth of the market in Asia-Pacific and Middle East and Africa regions.