Confectionery Ingredients Market expected to expand in regions like GCC

Market Overview:

The global confectionery market was estimated at $ 65.97 billion in 2020 and is expected to reach $ 88.18 billion by 2025, representing an annual growth rate of 6.3% over the forecast for 2020-2025. Confectionaries include products such as chocolate and candies without chocolate; Ice cream and frozen desserts; cookies, cakes and pastries; and other products. They are sold through retail channels such as supermarkets, hypermarkets, mass merchants, pharmacies, convenience stores and gourmet/specialty stores.

Market Drivers and Restraints:

The confectionery ingredients market is driven primarily by increasing industrialization and consumers' lifestyle with changes in eating habits, along with growing consumer awareness of the health benefits of chocolate. Research and development in the area of product innovation and development of new products also drive market growth. However, market growth is limited due to consumer health awareness, since confectionery products are made primarily of sugar, which contains a high proportion of calories.

Report segmented as

By Form:

• dry,
• Liquid

By Type:

• Cocoa & Chocolate,
• Dairy Ingredients,
• Hydrocolloids,
• Emulsifiers,
• Malts,
• Oils & Shortenings,
• Starches & Derivatives,
• Sweeteners,
• Flavors,

By Application:

• Chocolate,
• Sugar Confectionery,
• Gum,

Geographical Analysis:

Geographically, the market for Confectionery Ingredients is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. Europe is the largest market for these ingredients in terms of market share contribution. The Asia-Pacific is expected to witness highest growth rate owing to factors like economic developments paired with increasing urbanization.

Important Market Players:

Barry Callebaut, Olam International, Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, and E. I. du Pont de Nemours and Company, Koninklijke DSM N.V., Kerry Group plc, Arla Foods, Tate & Lyle PLC, are the major players of Global Confectionery Ingredients market.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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Research Report Key Highlights:

• Evaluation of the current stage of market and future implications of the market based on the detailed observation of recent key developments.
• Address the matter by better understanding the market size estimates through CAGR analysis to forecast the future market.
• Comprehensive segmentations of the market, detailed evaluation of the market by further sub-segments.
• Address Market Drivers, Restraints and providing insights for gaining market share.
• Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is as a result of competitive environment.

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