Confectionery ingredients mainly include chocolate, cocoa,
emulsifier, sweeteners. Each confectionery ingredient has a unique property.
These ingredients are mixed in required quantity during the preparation of
confectionery products such as candy, chocolates, sweets, chewing gum, and
others. Manufacturers are exploring the applications of confectionery
ingredients in their manufacturing process owing to the benefits they provide.
In confectionery ingredients, chocolate is used as a flavoring agent- improves
blood vessels and reduce the risk of heart related diseases. Moreover,
sweeteners are used as a healthy additive instead of sugar, which is attracting
diabetic patients and obese population towards products.
Confectionery
Ingredients Market Demand
Market Forecast
Confectionery ingredients are used in a wide range of
application such as sweets, candy, candy nuts, chocolates, and others.
Escalating demand for sugar free products owing to growing health awareness
among consumers is driving the growth of the sweeteners market. Sweeteners are
low in calories and provide the same taste as sugar does. Moreover, rapid
consumption of chocolates is driving the growth of chocolate market, which, in
turn, is accelerating the growth of the confectionery ingredients market across
the globe.
Downstream Analysis
Confectionery ingredients are segmented on the basis of
product type such as chocolates and cocoa, dairy ingredients, emulsifier,
stabilizers and thickeners, sweeteners and others. Among all, chocolate is
dominating in the market. Apart from being a flavoring agent, it also holds
various health beneficial properties which is driving the growth of the
chocolates in the confectionery ingredients.
On the basis of form, the confectionery ingredients are
segmented as dry, liquid, and others. The dry form of confectionery ingredients
is dominating the market based on its operational excellence as well as
functional benefits.
Based on the application, the confectionery ingredients are
segmented into sweets, candy, candy nuts, chocolates, chewing gum, and others.
Among all, chocolate segment is dominating others. Rapidly increasing
consumption of chocolates followed by increasing awareness about health
benefits from chocolate consumption is driving the growth of the chocolate
market, which, in turns, leads the growth of the confectionery ingredients.
Competitive Analysis
The major players in the confectionery ingredients market
- Cargill
Incorporated (U.S.)
- Archer
Daniels Midland Company (U.S.)
- I.
du Pont de Nemours and Company (U.S.)
- Olam
International (Singapore)
- Kerry
Group plc (Ireland)
- Barry
Callebaut (Switzerland)
- Tate
& Lyle PLC (U.K.)
Confectionery ingredient market is expected to grow
substantially during the the forecast period. Huge investment in R&D and
technological surge are driving the growth of the global confectionery
ingredients market. However, the various regulations which the confectionery
manufactures need to abide of may hamper the growth of the market over the
review period.
Complete Report Details @ https://www.marketresearchfuture.com/reports/confectionery-ingredients-market-4564
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