The Confectionery Ingredients are estimated at a CAGR of 4.6% during the forecast period. The market is likely to be valued at USD 86,607.0 million in 2023 and likely to be secured at USD 1,35,319.3 million by 2033. are estimated at a CAGR of 4.6% during the forecast period.
The market is likely to be valued at USD 86,607.0 million in 2023, and likely to be secured at USD 1,35,319.3 million by 2033.
The confectionery ingredients market growth is driven due to increased industrialization, changing consumer lifestyles, and the adoption of confectionery ingredients on a large scale.
The increased use of healthy components such as inulin in confectionary such as chocolates is therefore propelling the confectionery ingredients market share during the forecast period. The increased use of healthy components such as inulin in confectionary such as chocolates is therefore propelling the confectionery ingredients market share during the forecast period.
Furthermore, consumers are likely to increase the demand for confectionery ingredients due to rising awareness related to healthy confectionery products in recent years.
| Report Attribute | Details |
|---|---|
| Confectionery Ingredients Market Value (2023) | USD 86,607.0 million |
| Confectionery Ingredients Market Anticipated Value (2033) | USD 1,35,319.3 million |
| Confectionery Ingredients Projected Growth Rate (2033) | 4.6% |
The end users are seeking more attention towards their fitness, and due to this, they are accepting the demand for sugar-free confectionery ingredients in recent years. Diabetes patients are propelling the growth of sugar-free confectionery ingredients.
Rising consumption of sugar-free candies and cakes and the use of naturally derived colors with unique color emulsion technology are expected to drive the confectionery ingredients market growth.in recent years. Diabetes patients are propelling the growth of sugar-free confectionery ingredients.
Rising consumption of sugar-free candies and cakes and the use of naturally derived colors with unique color emulsion technology are expected to drive the confectionery ingredients market growth.
Moreover, the preference for naturally sourced confectionery ingredients is especially rising, attributed to concerns regarding the use of synthetic flavors. The market rose at a CAGR of 2.3% from 2018-2022. Now, it is growing at a moderate pace by securing 4.6% of the CAGR during the forecast period.
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Confectionery consumers throughout the world are conscious about the diet of what they eat and how much sugar they ingest. The clean label concept is also gaining traction in the confectionery industry.
Digestive health is another fresh trend that consumers in Europe and the United States value highly. They are raising the adoption of confectionery ingredients that includes sugar-free hard candies.
Sugar-free hard-boiled candies using Iso malt, a tooth-friendly sugar substitute, are among them which have increased the sales of confectionery ingredients in recent years. Iso malt is the world's only bulk sweetener that is completely sugar-free and helps to prevent tooth decay and propel the confectionery ingredients market growth.
BENEO has also created sugar-free chewing gum solutions with Iso malt. It provides higher center form stability and improved machinability. This chewing gum has a clean sweet flavor with an even sweetness profile. Innovative sugar-free solutions in hard candies and chewing gum are therefore fueling the confectionery ingredients market size.
Consuming a large amount of sugar-added can imbalance the health such as blood sugar, liver damage and diabetes which may restrain the confectionery ingredients market growth. However, ongoing droughts and questionable labor practices are restricting its output.
In 2015, the price of vanilla increased by 150%. This has been ascribed mostly to poor-quality crops and beans. Vanilla's excessive pricing has compelled businesses to devise other techniques to avoid sourcing the high-priced vanilla.confectionery can imbalance health, such as blood sugar, liver damage, and diabetes which may restrain the confectionery ingredients market growth. However, ongoing droughts and questionable labor practices are restricting its output.
In 2015, the price of vanilla increased by 150%. This has been ascribed mostly to poor-quality crops and beans. Vanilla's excessive pricing has compelled businesses to devise other techniques to avoid sourcing high-priced vanilla.
Furthermore, some manufacturers are resorting to shrinkflation to offset rising prices. The product price remains constant because of shrinkflation. However, the portion size is decreasing. As a result, these difficulties are impeding the expansion of the confectionery ingredients market.confectionery ingredients market.
Principal Consultant
According to FMI analysis, North America is expected to lead in the global confectionery ingredients market share by accumulating a share of 32.4% in the forecast period. Growth is attributed to several factors, including overall high confectionery consumption trends, followed by numerous product innovations and investments by prominent manufacturers.
As per the survey, an average American citizen consumes an estimated 8 pounds (3.7 kilograms) of candy annually. On any typical day, 25% of people consume at least some candy or any other confectionery product. As of 2020, USA candy sales reached USD 36.7 billion, with the total number of Americans eating candy amounting to over 268 million.
Given this high incidence of consumption, several regional players have cemented their presence across the region. Players such as Cargill Inc. and Archer Daniels Midland (ADM) are some frontrunners. The latter offers a wide range of sugar-based and chocolate-based confectionery ingredients, along with a separate range of gum, mint & fruit snacks.
Cargill offers a broad and deep portfolio of the most in-demand ingredients, with a vast portfolio of sweeteners, chocolates, texturizers, emulsifiers, whole grains, fibers, oils, proteins, and salts.
As of 2023, Europe is expected to hold a sizeable market share of global confectionery ingredients, accounting for 26.1%. This region's sales of confectionery ingredients are growing due to the rising consumption of chocolate confectioneries, including sweeteners, in European nations such as the United Kingdom, Germany, and France.United Kingdom, Germany, and France.
The advent of healthy ingredients such as inulin in confectionery, such as chocolates, is fueling the expansion of the European confectionery ingredients market size. Whether traditional or plant-based, chocolate continues to remain the most consumer confectionery category throughout Europe.Whether traditional or plant-based, chocolate continues to remain the most consumer confectionery category throughout Europe.
Although Western Europe is the kingpin in chocolate consumption, demand for higher quality cocoa and premium chocolates is rising throughout the continent. Within all categories, 14% of Italian chocolate eaters buy organic chocolate, and product launches with an organic claim increased 6% year over year.
Start-up Companies are Experimenting in the Confectionery Ingredients Market
Present health-conscious world, sugar is injurious to health. However, sugar-free confectionery is the prime choice for fitness trainers. Keeping these things in mind, our start-ups are growing, intending to provide better confectionery ingredients products.
The start-ups in the confectionery ingredients market are experimenting with various things to reach consumers' demands.
Top 2 Confectionery Ingredients Start-ups
| Start-Up | Stem |
|---|---|
| Founded Year | 2017 |
| Developments | The Stem is a UK-based company that develops to reduce the sugar content and help manufacturers to make plant-based sugar substitutes. These food products include bakery and snack products. The start-up aims to provide natural plant-based products with no sugar added. |
| Start-Up | Funday Natural Sweets |
|---|---|
| Founded Year | 2020 |
| Developments | Funday Natural Sweets is innovating functional products and no sugar products in the confectionery ingredients market. They have been making these products with tapioca starch and chicory root fiber in recent years.Funday Natural Sweets are innovating functional products and no sugar products in the confectionery ingredients market. They have been making these products with tapioca starch and chicory root fiber in recent years. |
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The presence of key manufacturers and prominent marketers all around the region is likely to keep the market at its peak during the forecast period. The key players are acquiring the lion's share by adopting various marketing methodologies, including mergers, partnerships, and collaborations.
Recent Development in the Confectionery Ingredients Market
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.6% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Types, Form, Source, End User, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Cargill; Incorporated; Olam International; Barry Callebaut; Archer Daniels Midland Company; Ingredion Incorporated; Concord Foods Inc.; Tate & Lyle PLC; AarhusKarlshamn; DuPont |
| Customization | Available Upon Request |
The confectionery ingredients market is expected to advance at a CAGR of 4.6% from 2023 to 2033.The confectionary ingredients market is expected to advance at a CAGR of 4.6% from 2023 to 2033.
North America is anticipated to lead the confectionery ingredients market.
The confectionery ingredients market is likely to hold a valuation of USD 1,35,319.3 million by 2033.
The food industry is the key driver of the confectionery ingredients market.
The market in 2023 is valued at USD 86,607 million.
Europe to hold a 26.1% market share in 2023.
North America is likely to generate 32.4% by 2033.
From 2018 to 2022, the market expanded at a 2.3% CAGR.
Cargill, Incorporated, and Olam International are the key players.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Types 5.1. Citrate Confectionery Ingredients 5.2. Cocoa & Chocolate Confectionery Ingredients 5.3. Malt Confectionery Ingredients 5.4. Confectionery Starches & Derivatives 5.5. Confectionery Sweeteners 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 6.1. Liquid 6.2. Dry 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source 7.1. Natural 7.2. Synthetic 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Cargill 18.2. Incorporated 18.3. Olam International 18.4. Barry Callebaut 18.5. Archer Daniels Midland Company 18.6. Ingredion Incorporated 18.7. Concord Foods Inc. 18.8. Tate & Lyle PLC 18.9. AarhusKarlshamn 18.10. DuPont 19. Assumptions & Acronyms Used 20. Research Methodology
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Confectionery Ingredients Market
