Sarasota, FL -- (SBWire) -- 04/02/2019 --Zion Market Research has published a new report titled "Confectionery Ingredients Market by Type (Cocoa & Chocolate, Dairy Ingredients, Hydrocolloids, Emulsifiers, Malts, Oils & Shortenings, Starch & Derivatives, Sweeteners, Flavors, and Others), by Source (Synthetic and Natural), by Form (Dry and Liquid), and by Application (Chocolate, Sugar Confectionery, Gum, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025". According to the report, the global confectionery ingredients market was valued at approximately USD 63.62 billion in 2018 and is expected to generate around USD 97.38 billion by 2025, at a CAGR of around 6.1% between 2019 and 2025.
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The growing number of health-conscious consumers and increasing preference for confectionery ingredients are expected to drive the global confectionery ingredients market over the forecast time period. Increasing investments made by various industry players on innovation and research and development activities are expected to positively impact the confectionery ingredients market growth in the future. Furthermore, the rising consumer awareness regarding the health benefits of chocolates is also anticipated to strengthen the confectionery ingredients market globally in the upcoming years. The rising demand for natural ingredients, changing eating habits, and the growing trend of gifting chocolates on special occasions and celebrations is projected to further fuel the global confectionery ingredients market growth in the years ahead.
Confectionery products can also be produced with whey ingredients, which include whey powder and lactose. Lactose offers various benefits in confectionery products. Whey powder is used to decrease the contents of sugar and proteins along with substituting other milk products. Other confectionery ingredients include syrup, icing sugar, water, sucrose, skimmed milk, glucose, etc.
Based on the type, the confectionery ingredients market is segmented into cocoa and chocolate, dairy ingredients, hydrocolloids, emulsifiers, malts, oils and shortenings, starch and derivatives, sweeteners, flavors, and others. The cocoa and chocolate segment contributed the highest revenue share in 2018, due to growing industrialization, lifestyle-related changes among the consumers, and evolving food habits. On the basis of source, the market is segmented into synthetic and natural. The synthetic segment held a major share of the global confectionery ingredients market in 2018, as manufacturers mostly rely on confectionery ingredients from synthetic source due to its functional benefits and cost efficiency. Based on form, the market is segmented into dry form and liquid form. The dry form segment is expected to grow significantly in the future, owing to its functional advantages and operational efficiencies. On the basis of application, the market is segmented into chocolate, sugar confectionery, gum, and others. The sugar confectionery segment is expected to grow at the highest rate in the future, due to growing consumer preference for soft and chewy products, various applications of sugar confectionery in soft chews, candies, marshmallows, and other confectionery products, and low production costs.
By region, Europe held the major market share of the global confectionery ingredients market in 2018, due to the increasing confectionery ingredients demand and the rising popularity of garlic-flavored food products among the people. The Asia Pacific confectionery ingredients market is expected to show the highest CAGR over the forecast time period, owing to the increasing disposable income of people. Moreover, developing countries such as, India and China, are witnessing growing popularity for confectionery ingredients due to changing lifestyles and rising urban population base that prefer confectionery food items.
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Some key players operating in the global confectionery ingredients market include Barry Callebaut, Arla Foods, Archer Daniels Midland Company, E. I. du Pont de Nemours and Company, Kerry Group, Olam International, Koninklijke DSM N.V., Ingredion Incorporated, and Cargill, among others.
This report segments the global confectionery ingredients market into:
Global Confectionery Ingredients Market: Type Analysis
Cocoa and Chocolate
Dairy Ingredients
Hydrocolloids
Emulsifiers
Malts
Oils and Shortenings
Starch and Derivatives
Sweeteners
Flavors
Others
Global Confectionery Ingredients Market: Source Analysis
Synthetic
Natural
Global Confectionery Ingredients Market: Form Analysis
Dry Form
Liquid Form
Global Confectionery Ingredients Market: Application Analysis
Chocolate
Sugar Confectionery
Gum
Others
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Global Confectionery Ingredients Market: Regional Analysis
North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
Global Confectionery Ingredients Market Is Expected to Reach Around USD 97.38 Billion by 2025
Global confectionery ingredients market expected to generate around USD 97.38 billion by 2025, at a CAGR of around 6.1% between 2019 and 2025. The growing number of health-conscious consumers and increasing preference for confectionery ingredients are expected to drive the global confectionery ingredients market over the forecast time period.