Confectionery Ingredient Market: Popularity of Bakery Products to Propel Demand

The competitive landscape in the global confectionery ingredients market is consolidated with a few big shot players, namely Olam International Ltd., Cargill Corp., Kerry Group, E. I. DuPont de Nemours and Co., and Tate and Lyle holding most of the share. In fact, in 2016, together they commanded over a whopping 80.0% share in the market. The holding pattern is expected to change little in the near term. 

These prominent players in the global confectionary ingredients market mostly compete on the basis of product development and diversification. They are also seen deploying innovative marketing strategies to outsmart one another vis-à-vis sales. 

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In the forecast period beginning from 2017 and ending in 2025, the global market for confectionery ingredients is predicted to rise at a steady CAGR of 4.2%. The market, which was worth US$76.25 bn in 2016, will likely clock a value of US$109.5 bn by the close of the forecast period in 2025-end. 

The various types of confectionary ingredients available in the market are chocolate and cocoa, diary ingredients, sugar, sweeteners, emulsifiers, and others. At present, chocolate leads the pack due to its roaring popularity and widespread use in flavoring in a range of other food and beverage products. Other key product segments of the global confectionery ingredients market include sugar, emulsifiers, dairy ingredients, and other sweeteners. 

The chief geographic regions of the confectionery ingredients market studied in the TMR report are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Europe, among them, holds maximum market share owing to the unabated rise in demand for sweetened items, bread, and ice creams. Germany, the U.K., and France are at the forefront of driving demand in Europe. The market in the region was worth US$25.4 bn in 2016. However, due to the market getting saturated in the region in the next couple of years, it will witness a slower growth rate. 

With globalization and unprecedented proliferation of the media, the benefits of dark chocolate is known worldwide. Elaborates the lead analyst of the TMR report, “Dark chocolate is comprised of flavonoids and different other compounds that have potent antioxidant properties which help in protecting against cardiovascular and circulatory diseases.” This has resulted in the soaring demand of dark chocolate in various confectionery products and with globalization and better trade and commerce channels their sales have managed to increase in tandem. This, in turn has benefitted the global market for confectionery ingredients. 

Adoption of Western Food Habits Pushes up Demand 

In addition to that, the increasing uptake of western food habits, particularly in the emerging economies of Asia Pacific and the Middle East, has also led to rising demand for confectionary ingredients. This is because of the widespread popularity of bakery products such as cakes, biscuits, buns, and pastry, among others, which has led to the soaring usage of confectionary products. The increasing disposable incomes of the people has led them to buy more of such products instead of cooking traditional snacks at home.

Confectionery Ingredient Market to Grow at a CAGR of 4.20% between 2017 & 2025

The competitive landscape in the global confectionery ingredients market is consolidated with a few big shot players, namely Olam International Ltd., Cargill Corp., Kerry Group, E. I. DuPont de Nemours and Co., and Tate and Lyle holding most of the share. In fact, in 2016, together they commanded over a whopping 80.0% share in the market. The holding pattern is expected to change little in the near term. 

These prominent players in the global confectionary ingredients market mostly compete on the basis of product development and diversification. They are also seen deploying innovative marketing strategies to outsmart one another vis-à-vis sales. 

Get PDF Sample For More Information @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17534

In the forecast period beginning from 2017 and ending in 2025, the global market for confectionery ingredients is predicted to rise at a steady CAGR of 4.2%. The market, which was worth US$76.25 bn in 2016, will likely clock a value of US$109.5 bn by the close of the forecast period in 2025-end. 

The various types of confectionary ingredients available in the market are chocolate and cocoa, diary ingredients, sugar, sweeteners, emulsifiers, and others. At present, chocolate leads the pack due to its roaring popularity and widespread use in flavoring in a range of other food and beverage products. Other key product segments of the global confectionery ingredients market include sugar, emulsifiers, dairy ingredients, and other sweeteners. 

The chief geographic regions of the confectionery ingredients market studied in the TMR report are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Europe, among them, holds maximum market share owing to the unabated rise in demand for sweetened items, bread, and ice creams. Germany, the U.K., and France are at the forefront of driving demand in Europe. The market in the region was worth US$25.4 bn in 2016. However, due to the market getting saturated in the region in the next couple of years, it will witness a slower growth rate. 

With globalization and unprecedented proliferation of the media, the benefits of dark chocolate is known worldwide. Elaborates the lead analyst of the TMR report, “Dark chocolate is comprised of flavonoids and different other compounds that have potent antioxidant properties which help in protecting against cardiovascular and circulatory diseases.” This has resulted in the soaring demand of dark chocolate in various confectionery products and with globalization and better trade and commerce channels their sales have managed to increase in tandem. This, in turn has benefitted the global market for confectionery ingredients. 

Adoption of Western Food Habits Pushes up Demand

In addition to that, the increasing uptake of western food habits, particularly in the emerging economies of Asia Pacific and the Middle East, has also led to rising demand for confectionary ingredients. This is because of the widespread popularity of bakery products such as cakes, biscuits, buns, and pastry, among others, which has led to the soaring usage of confectionary products. The increasing disposable incomes of the people has led them to buy more of such products instead of cooking traditional snacks at home.

Confectionery Ingredient Market to Reach a Value of US$109.5 bn by 2025

The competitive landscape in the global confectionery ingredients market is consolidated with a few big shot players, namely Olam International Ltd., Cargill Corp., Kerry Group, E. I. DuPont de Nemours and Co., and Tate and Lyle holding most of the share. In fact, in 2016, together they commanded over a whopping 80.0% share in the market. The holding pattern is expected to change little in the near term. 

These prominent players in the global confectionary ingredients market mostly compete on the basis of product development and diversification. They are also seen deploying innovative marketing strategies to outsmart one another vis-à-vis sales. 

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In the forecast period beginning from 2017 and ending in 2025, the global market for confectionery ingredients is predicted to rise at a steady CAGR of 4.2%. The market, which was worth US$76.25 bn in 2016, will likely clock a value of US$109.5 bn by the close of the forecast period in 2025-end. 

The various types of confectionary ingredients available in the market are chocolate and cocoa, diary ingredients, sugar, sweeteners, emulsifiers, and others. At present, chocolate leads the pack due to its roaring popularity and widespread use in flavoring in a range of other food and beverage products. Other key product segments of the global confectionery ingredients market include sugar, emulsifiers, dairy ingredients, and other sweeteners. 

The chief geographic regions of the confectionery ingredients market studied in the TMR report are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Europe, among them, holds maximum market share owing to the unabated rise in demand for sweetened items, bread, and ice creams. Germany, the U.K., and France are at the forefront of driving demand in Europe. The market in the region was worth US$25.4 bn in 2016. However, due to the market getting saturated in the region in the next couple of years, it will witness a slower growth rate. 

With globalization and unprecedented proliferation of the media, the benefits of dark chocolate is known worldwide. Elaborates the lead analyst of the TMR report, “Dark chocolate is comprised of flavonoids and different other compounds that have potent antioxidant properties which help in protecting against cardiovascular and circulatory diseases.” This has resulted in the soaring demand of dark chocolate in various confectionery products and with globalization and better trade and commerce channels their sales have managed to increase in tandem. This, in turn has benefitted the global market for confectionery ingredients. 

Adoption of Western Food Habits Pushes up Demand 

In addition to that, the increasing uptake of western food habits, particularly in the emerging economies of Asia Pacific and the Middle East, has also led to rising demand for confectionary ingredients. This is because of the widespread popularity of bakery products such as cakes, biscuits, buns, and pastry, among others, which has led to the soaring usage of confectionary products. The increasing disposable incomes of the people has led them to buy more of such products instead of cooking traditional snacks at home.

Confectionery Ingredient Market: Chocolate and Bakery Expected to Exhibit Fair Growth

The competitive landscape in the global confectionery ingredients market is consolidated with a few big shot players, namely Olam International Ltd., Cargill Corp., Kerry Group, E. I. DuPont de Nemours and Co., and Tate and Lyle holding most of the share. In fact, in 2016, together they commanded over a whopping 80.0% share in the market. The holding pattern is expected to change little in the near term. 

These prominent players in the global confectionary ingredients market mostly compete on the basis of product development and diversification. They are also seen deploying innovative marketing strategies to outsmart one another vis-à-vis sales. 

Request to view Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17534

In the forecast period beginning from 2017 and ending in 2025, the global market for confectionery ingredients is predicted to rise at a steady CAGR of 4.2%. The market, which was worth US$76.25 bn in 2016, will likely clock a value of US$109.5 bn by the close of the forecast period in 2025-end. 

The various types of confectionary ingredients available in the market are chocolate and cocoa, diary ingredients, sugar, sweeteners, emulsifiers, and others. At present, chocolate leads the pack due to its roaring popularity and widespread use in flavoring in a range of other food and beverage products. Other key product segments of the global confectionery ingredients market include sugar, emulsifiers, dairy ingredients, and other sweeteners. 

The chief geographic regions of the confectionery ingredients market studied in the TMR report are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Europe, among them, holds maximum market share owing to the unabated rise in demand for sweetened items, bread, and ice creams. Germany, the U.K., and France are at the forefront of driving demand in Europe. The market in the region was worth US$25.4 bn in 2016. However, due to the market getting saturated in the region in the next couple of years, it will witness a slower growth rate. 

With globalization and unprecedented proliferation of the media, the benefits of dark chocolate is known worldwide. Elaborates the lead analyst of the TMR report, “Dark chocolate is comprised of flavonoids and different other compounds that have potent antioxidant properties which help in protecting against cardiovascular and circulatory diseases.” This has resulted in the soaring demand of dark chocolate in various confectionery products and with globalization and better trade and commerce channels their sales have managed to increase in tandem. This, in turn has benefitted the global market for confectionery ingredients. 

Adoption of Western Food Habits Pushes up Demand 

In addition to that, the increasing uptake of western food habits, particularly in the emerging economies of Asia Pacific and the Middle East, has also led to rising demand for confectionary ingredients. This is because of the widespread popularity of bakery products such as cakes, biscuits, buns, and pastry, among others, which has led to the soaring usage of confectionary products. The increasing disposable incomes of the people has led them to buy more of such products instead of cooking traditional snacks at home.

Confectionery Ingredient Market: Rising Consumption of Dark Chocolate Vital for Market

Global Confectionery Ingredient Market: Snapshot

The significant rise in the consumption of confectionery and bakery items has been influencing the growth of the confectionery ingredients market at the global level. The heavy demand for chocolate, sugar confectionery, and bakery products is likely to accelerate the progress of this market in the next few years. The influence of the western culture on the food habits of consumers in developing economies is also expected to boost the demand for confectionery in the near future, reflecting substantially on the sales of confectionery ingredients.

The increasing demand for better food, fueled by the frequent changes in consumers’ lifestyle, have made it very difficult for food product manufacturers to meet the tastes and requirements of consumers, which has prompted confectionery producers to explore the market scope with the use of ingredients. This, as a result, is anticipated to open new growth avenues for the worldwide market for confectionery ingredients over the forthcoming years. The opportunity in this market is likely to rise at a CAGR of 4.20% between 2017 and 2025, progressing from a value of US$76.25 bn in 2016 to US$109.48 bn by the end of 2025.

Europe to Continue Leading Global Confectionery Ingredient Market

On the basis of the geography, the global market for confectionery ingredients has been categorized into North America, the Middle East and Africa, Europe, Asia Pacific, and Latin America. North America and Europe have emerged as the leading regional markets for confectionery ingredients. They collectively accounted for a share of more than 60% in the overall market in 2016. Europe is the dominant region in this market and is reported to have shown a higher consumption of confectionery products such as chocolates and gums.

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The confectionery ingredients market in Europe is majorly driven by the growing demand of sweetened items, bread and ice cream in domestic regions, such as the U.K., Germany, France and the Rest of Europe. However, the demand for confectionery ingredients in this region is expected to exhibit a moderate growth rate over the forthcoming years, owing to its maturation.

Asia Pacific, on the other hand, is anticipated to register a higher growth rate as compared to the other regions between 2017 and 2025, especially in countries such as India, Japan, and China. The continual research on the consumption of chocolate and procurement of good quality confectionery ingredients from reliable sources are expected to complement the rise of the market for confectionery ingredients in this region in the near future.

Chocolate and Bakery Expected to Exhibit Fair Growth

Confectionery ingredients are widely utilized in chocolates, sugar confectionery, and bakery products. With a high consumption rate, the usage of these ingredients is significantly high in chocolates. Over the coming years, this trend is likely to remain so on the grounds of the growing awareness among consumers regarding the health benefits of dark chocolates. Bakery products and sugar confectionery are also projected to witness a considerable rise in the usage of confectionary ingredients in the near future due to the western influence in emerging economies and the changing palate of consumers across the world.

Cargill Inc., Olam International Ltd., E. I. Du Pont De Nemours and Co., Archer Daniels Midland Co., Ingredion Inc., Barry Callebaut, Tate & Lyle Plc, Koninklijke DSM N.V., and Kerry Group Plc are some of the key vendors of confectionery ingredients across the world.