+91-8668442535

Confectionery Ingredients Market By Form (Dry, Liquid), By Application (Chocolate, Gum, Sugar Confectionery) - Growth, Future Prospects And Competitive Analysis, 2016 - 2023

Confectionery items consist of toffees, chocolates, candies, lollipops, bakery products, and other sugary items that are rich in sweetness and sugar content. The escalation in the consumption of these items has fueled the demand for confectionery ingredients over the past few years. The varying preferences of consumers related to the consumption of confectionery items have impacted the market for confectionery ingredients as well. Besides this, it has been noticed that urbanization has led to rapid growth of confectionery goods as the population in Tier 1 and Tier 2 cities prefer to have food that is easily and conveniently available.

The market for confectionery ingredients has also been strengthened due to the rising number of diabetic patients, which compelled the manufacturers to go for sugar-free cupcakes, candies, and others. Besides this, sugar-free confectioneries are gaining momentum due to factors such as the escalating number of obese people, rising health consciousness, nutritional concerns among people, and a change in eating habits along with a change in lifestyle. The rising population, along with intensifying personal disposable income in developing countries such as China and India, is anticipated to create the demand for confectioneries and will bolster the growth of the confectionery ingredients market during the forecast period of 2016–2023.

The confectionery ingredients market has been estimated to be valued at US$ 60.0 Bn by the end of 2016 and is expected to attain revenue of US$ 88.2 Mn by 2023, expanding at a CAGR of 5.7% during the forecast period of 2016–2023.

Purpose of the Report

The purpose of this strategic research study titled "Global Confectionery Ingredients Market: Growth, Future Prospects, Competitive Analysis, and Forecast, 2016–2023" is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global confectionery ingredients market.

Target Audience

  • Industry Investors
  • Research Professionals
  • Emerging Companies
  • Raw material suppliers and buyers
  • Product suppliers and buyers
  • Research Institutes

Overall, the research study provides a holistic view of the global confectionery ingredients market in terms of growth, offering market size and estimates for the period from 2013 to 2023, keeping in mind the above-mentioned factors.

On the basis of extract type, the confectionery ingredients market is classified into the following forms:

  • Dry
  • Liquid

Rising urban populations, growing disposable income of households, and rising purchasing power are expected to expand the growth of the global confectionery ingredients market. A burgeoning middle-class population, along with advancements in food technology, are further likely to impel the growth of the confectionery ingredients market worldwide until 2023. The global confectionery ingredients market is segmented on the basis of form, such as liquid and dry.

The dry segment captured more than 50% of the total revenue of the confectionery ingredients market in 2015 and is anticipated to expand at a robust CAGR during the forecast period. The market for confectionery ingredients has also been strengthened due to the rising number of diabetic patients, which compelled the manufacturers to go for sugar-free cupcakes, candies, and others. Such rising incidences in the future are further likely to bolster the growth of the confectionery ingredients market over the forecast period.

On the basis of geography, the global confectionery ingredients market is segmented into the following categories:

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • Russia
  • Asia Pacific
  • China
  • India
  • South Korea
  • Middle East and Africa
  • Central and South America
  • Brazil

It has been noticed that consumers are becoming more apprehensive about their health. This has encouraged the companies to look upon the development of low-calorie, innovative sugar-based chocolates, and candies as other alternatives to sugar. Thus, rising inclination toward sugar-free confectioneries and a changing mindset of consumers toward the consumption of low-calorie products are expected to propel the growth of the confectionery ingredients market till 2023. The global confectionery ingredients market is segmented on the basis of geography.

North America contributed the highest revenue share in the total confectionery ingredients market, with a contribution that is estimated to be more than 40% by the end of 2016. Following it, Europe took second place in the same year. Higher health consciousness and awareness, along with a high-spending population, are anticipated to contribute to the double-digit growth rate of these regions during the forecast period. Rising diseases and health consciousness and the rising trend of people towards spending on healthy confectionery products are anticipated to intensify the growth of the confectionery ingredients market in the Asia Pacific region till 2023.

Frequently Asked Questions:

The market for Confectionery Ingredients Market is expected to reach US$ 88.2 Bn By 2023.

The Confectionery Ingredients Market is expected to see significant CAGR growth over the coming years, at 5.7%

The report is forecasted from 2016 to 2023.

The base year of this report is 2015.

Olam International, Cargill Incorporated, E.I. du Pont de Nemours and Company, DSM Holdings.,Archer Daniels Midland Co., are some of the major players in the global market.

Choose License Type
Trusted By
Godaddy
Published Date:  Sep 2016
Category:  Food & Beverage
Report ID:   58113
Report Format:   PDF
Pages:   120
Rating:    4.2 (55)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
+91-8668442535
24/7 Research Support