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Confectionery Ingredients Market Size, Share, Trends, Growth Rate, Business Overview And Forecast By 2023-2032
Confectionery Ingredients Market
The Business Research Company's Confectionery Ingredients Global Market Report 2023 identifies rising consumption of confectionery goods as the major driver for the Confectionery Ingredients market's growth in the forecast period. The confectionery goods include sweet foods and consumables, such as baked goods and sweets. The increasing demand for gourmet products and changing food habits are leading to a rise in confectionery products.
The global confectionery ingredients market is expected to grow from $72.40 billion in 2022 to $77.26 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the confectionery ingredients market is expected to grow to $98.34 billion in 2027 at a CAGR of 6.2%.
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Major competitors in the Confectionery Ingredients market are Cargill Incorporated, Archer Daniels Midland Company, DuPont de Nemours Inc., Kerry Group Plc., Arla Foods, Tate & Lyle Plc.
A key trend in the Confectionery Ingredients market includes product innovation. Major players in the shortenings market are innovating novel products with vegan, low calorie, and naturally obtained ingredients to sustain in the market. For instance, in September 2020, the London Botanist, a UK-based independent producer of
(cannabidiol) products launched the Milk Chocolate bar. The chocolate bar is a 43% single-origin artisan milk chocolate bar infused with oil.
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The Confectionery Ingredients market is segmented -
• By Type: Dairy Ingredients, Cocoa and Chocolate, Emulsifiers, Sweeteners, Oil and Shortening, Flavoring Ingredients, Other Types
• By Source: Natural, Synthetic
• By Form: Dry Form, Liquid Form
• By Application: Chocolate Confectionery, Sugar Confectionery, Chewing Gums, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Confectionery Ingredients market.
The Business Research Company's "Global Confectionery Ingredients Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Confectionery Ingredients Market Include:
1. Executive Summary
2. Confectionery Ingredients Market Characteristics
3. Confectionery Ingredients Market Trends And Strategies
4. Confectionery Ingredients Market - Macro Economic Scenario
5. Confectionery Ingredients Market Size And Growth
……………………………………………………………..
26. Africa Confectionery Ingredients Market
27. Confectionery Ingredients Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Confectionery Ingredients Market
29. Confectionery Ingredients Market Future Outlook and Potential Analysis
30. Appendix
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