Global
Confectionery Ingredient Market: Overview
Confectionery
ingredients are used in the manufacturing of end products like
chocolate, bakery products, beverages, sugar confectioneries among
others. These ingredients include cocoa, dairy ingredients,
emulsifiers, sugar, sweeteners and others in order to make a good
product in the market for sale. These ingredients need to be mixed in
required quantities in order to make a confectionery item. Sweeteners
are a replacement of sugar products in the market and they considered
as a healthy additive for health conscious consumers. They are less
in calories and provide the same taste as that of sugar. Rapid
consumption of chocolate is driving the growth of the chocolate
market which is in turn fueling the demand for confectionery
ingredients.
Download
exclusive Sample of this report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17534
Consumer
awareness regarding the health benefits of consuming chocolate is
fueling the demand for confectionery ingredients. Cocoa and other
dairy ingredients added to chocolate are reported to have beneficial
health related qualities. The cocoa content offers relief from
illnesses such as high blood pressure, cholesterol, and other
neurodegenerative diseases. Furthermore, the demand for confectionery
products is increasing due to the changing demand of consumers and
the influence of the western culture in terms of feeding habits in
the developing economies. Confectionery items have become a necessary
food item in recent times. The consumer’s lifestyle along with
their demand changes with time and in order to meet their
requirements, manufacturers of confectionery products including
bakery are exploring with ingredients which is also backed by huge
investments in research and development. However, confectionery
manufacturers need to abide by various regulations and conditions
while procuring ingredients and processing them into end products.
The
cost of good quality ingredients is high, and international food
regulatory organizations keep a check on suppliers and manufacturers
to deliver a gourmet confectionery product to end consumers. High
sugar content, adding of artificial flavors, and color are often
harmful for the end products. For example, in India, non-permitted
colorants are often added in many dairy products like milk, resulting
in health hazards. According to Global Food Safety Initiative (GFSI),
food retailers are demanding certifications from their suppliers due
to the complex challenges faced by the food supply chain. Therefore,
manufacturers find it difficult to meet the cost of purchasing good
quality and high cost ingredients, and simultaneously keeping a check
on the certifications of the supplier’s products.
Global
Confectionery Ingredients Market: Segmentation
The
global
confectionery ingredient market is segmented into five types-
chocolate & cocoa, emulsifiers, sugar, sweeteners, dairy
ingredients. The global confectionery ingredient market was analyzed
and found that the chocolate and cocoa segment has accounted for the
largest market share in 2016. Furthermore, the market is categorized
into two form as dry and liquid. The dry form of confectionery
ingredient is the most widely used ingredient in the manufacturing of
confectionery products due to its functional and operational
excellence.
In
addition, the global confectionery ingredient market is segregated
into four segments- chocolate, sugar confectionery, bakery and
others. The chocolate is the most widely used application in the
confectionery industry. Not only because of its taste, but also the
form of dark chocolate is good for health.
Geographically,
the market has been further divided into five regions which include
North America, Europe, Asia Pacific, Middle East and Africa and Latin
America. Europe accounted for the largest market for confectionery
ingredient in 2016. North America held the second largest share with
over 25% of the global confectionery ingredient market in 2016. Asia
Pacific region has been identified to be the most promising and has
been analyzed to have the fastest growth during the forecast period.
Companies
Mentioned in the Report
The
major players operating in the global confectionery ingredient market
include Cargill Corporation, Olam International Ltd., E. I. Du Pont
De Nemours and Co., Archer Daniels Midland, Barry Callebaut, Kerry
Group, Tate and Lyle Plc, Koninklijke DSM N.V., ZuChem Inc., and
Ingredion Inc..
No comments:
Post a Comment