According to a new market report
published by Credence Research “Confectionery
Ingredients Market - Growth, Future Prospects, Competitive
Analysis, and Forecast 2016 - 2023,” the confectionery ingredients
market has been estimated to be valued at US$ 60.0 Bn by the end of 2016, and
is expected to reach US$ 88.2 Bn by 2023, expanding at a CAGR of 5.7% from 2016
to 2023.
Market Insights
Confectionery items comprises of
toffees, chocolates, candies, lollipops, bakery products and other sugar items
that are rich in sweet and sugar content. The escalation in the consumption of
these items has impelled the demand for confectionery ingredients over the past
few years. Changing preferences of consumers related to consumption of
confectionery items has impacted the market for confectionery ingredients as
well.
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Besides this, it has been noticed that
urbanization has led to rapid growth of confectionery goods as the population
in tier 1 and 2 cities prefer to have food which is easily and conveniently
available. The market for confectionery ingredients have also been strengthen
due to rising number of diabetic patients which compelled the manufacturers to
go for sugar free cupcakes, candies and others. Besides this, sugar free
confectioneries are gaining momentum due to factors such as escalating number
of obese population, rising health consciousness and nutritional concerns among
people and as well as change in eating habits along with change in lifestyle.
Rising population along with intensifying personal disposable income in
developing countries such as China and India is anticipated to create the
demand for confectioneries and will bolster the growth of confectionery
ingredients market during the forecast period 2016-2023.
Rising application of confectionery
ingredients for coatings, fillings, spreads and in cereal bars is anticipated
to expand the growth of confectionery ingredients market growth till 2023.
Besides this, increasing population growth, GDP growth, higher consumer
spending and industrialization all across the globe is likely to impel the
growth of confectionery ingredients market from 2016 to 2023.
Competitive
Insights:
Confectionery ingredients market is
segmented on the basis of form such as dry and liquid form. In 2015, dry form
segment contributed the highest revenue share in the total confectionery
ingredients market. The dry form segment contributed the highest share due to
its various functional advantages and its operational efficiencies linked to
it. Thus the dry form segment is anticipated to expand at a robust CAGR over
the forecast period. Increasing consumption of chocolates, candies and cakes is
expected to intensify the growth for confectionery ingredients market. Besides
this, rising adoption of confectionery ingredients for different applications
in industries such as in gums, sugar confectionery, candies and chocolates and
other is further impel the market growth in the next few years.
Key Trends:
- Innovation in product development
- Significant research and development
activities
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Table of Content
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
Chapter 2
Executive Summary
2.1 Market Snapshot: Global Confectionery Ingredients Market
2.1 Market Snapshot: Global Confectionery Ingredients Market
Chapter 3 Market
Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Challenges
3.2.3 Market Opportunities
3.3 Attractive Investment Proposition
3.4 Market Share Analysis of Key Manufactures in Global Confectionery Ingredients Market
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Challenges
3.2.3 Market Opportunities
3.3 Attractive Investment Proposition
3.4 Market Share Analysis of Key Manufactures in Global Confectionery Ingredients Market
Chapter 4 Global
Confectionery Ingredients Market Analysis, By Form
4.1 Dry
4.2 Liquid
4.1 Dry
4.2 Liquid
Chapter 5 Global
Confectionery Ingredients Market Analysis, By Application
5.1 Chocolate
5.2 Gum
5.3 Sugar Confectionery
5.4 Others
5.1 Chocolate
5.2 Gum
5.3 Sugar Confectionery
5.4 Others
Chapter 12
Company Profiles
12.1 Olam International
12.2 Cargill Incorporated
12.3 E.I. du Pont de Nemours and Company
12.4 DSM Holdings.
12.5 Archer Daniels Midland Co.
12.6 Kerry Group Inc.
12.7 Ingredion Incorporated
12.8 Barry Callebaut
12.9 Tate & Lyle PLC.
12.10 Arla Foods.
12.1 Olam International
12.2 Cargill Incorporated
12.3 E.I. du Pont de Nemours and Company
12.4 DSM Holdings.
12.5 Archer Daniels Midland Co.
12.6 Kerry Group Inc.
12.7 Ingredion Incorporated
12.8 Barry Callebaut
12.9 Tate & Lyle PLC.
12.10 Arla Foods.
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