Confectionery
is related to food products which is 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 includes cakes, sweet pastries, and
others. Sugar confectionery includes chocolates, sweetmeats, chewing
gum, and many more. To produce confectionery products various
ingredients are used which can be naturally or synthetically sourced.
Confectionery products are also produced with whey ingredients which
such as lactose and whey powder. The lactose has a distinct property
that provides various functional benefits in confectionery products.
Whey powder helps in reducing sugar, proteins, and replace other milk
products. Other confectionery ingredients includes sucrose, glucose,
water, syrup, skimmed milk, icing sugar and many more. According to
WILD Flavors, Inc., globally the confectionery ingredients
manufacturers are aggressively inclined towards natural sources which
is increased from 5.5% to 12% of total sugar and gums confectionery
ingredient products launched during 2006 to 2010. According to Kalsec
Inc., 80% of the parents prefer naturally source confectionery
ingredients and products over synthetic colors.
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Confectionery
Ingredients Market: Drivers and Restraints
Escalating
demand of sugar free products such as candies and cakes for obese and
diabetic patients, growing industrialization, increasing per capita
spending power, use of naturally derived color with unique color
emulsion technology are the factors expected to drive the growth of
global confectionery ingredients market. Moreover, increasing health
consciousness, changing eating habits & lifestyle and products
innovation are some other factors expected to fuel the growth of
global confectionery ingredients market. However, harmful effects
with synthetic color and strict FDA regulations for private labels
are the factors that may hamper the growth of Confectionery
Ingredients market.
Confectionery
Ingredients Market: Segmentation
The
confectionery
ingredients market has been classified on the basis of types of
ingredient, application, form, and source.
Based
on types of ingredient, the confectionery ingredients market is
segmented into the following:
- Citrates
- Coca & Chocolate
- Malt
- Starches & Derivatives
- Sweeteners
- Oil & Shortenings
- Dairy Ingredient
- Others
Based
on application, the confectionery ingredients market is segmented
into the following:
- Gums
- Hard Candies
- Coating
- Fillings
- Caramels & Chewies
- Aerated Confectionery
Based
on form, the Confectionery Ingredients market is segmented into the
following:
- Liquid
- Dry
Based
on sources, the Confectionery Ingredients market is segmented into
the following:
- Natural
- Synthetic
Confectionery
Ingredients Market: Overview
Based
on type of ingredients, coca & chocolate is the most lucrative
segment among others owing to higher consumption of these ingredients
in diverse industries and benefits associated with chocolates
includes antioxidants present in cocoa which increase level of good
cholesterol or HDL. Coca & chocolate products are the sources of
flavonoids intake which can improve blood vessel and reduce the risk
of heart related disease. Most of the customers are inclining towards
natural color products owing to health consciousness and increased
awareness of effects of artificial color flavors. Moreover, natural
colors are appropriate for wide range of confectionery ingredients
and products such as gummies, hard candies, panned candies, tablets
and gums. According to global new product, the consumption of natural
color are growing globally.
Confectionery
Ingredients Market: Region-wise Outlook
Depending
on geographic region, confectionery ingredients market is segmented
into seven key regions: North America, Latin America, Eastern Europe,
Western Europe, Asia Pacific, Japan, and Middle East & Africa.
Asia Pacific dominates the confectionery ingredients market followed
by Europe, Japan and North America owing to high consumption of
confectionery ingredients and products, health lifestyle, and use of
natural ingredients products. Asia Pacific, Middle East and Africa
hold huge potential and shows substantial growth owing to rising
demand for natural ingredients for healthy lifestyle, increasing
disposable income, growing urbanization and escalation in consumption
of confectionery ingredients and products in these regions.
Confectionery
Ingredients Market: Key Players
Few of the players of Confectionery Ingredients market are Cargill, Incorporated, Olam International, Barry Callebaut, Archer Daniels Midland Company, Ingredion Incorporated, Concord Foods Inc., Tate & Lyle PLC, AarhusKarlshamn and DuPont.
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