Dec 27, 2023   SOURCE: BusinessWire

Confectionery Ingredients Global Market Report 2023, Featuring Profiles of Kerry Group, Ingredion, Dohler, Cargill, Brisan Group & Arla Foods - ResearchAndMarkets.com

The "Confectionery Ingredients Global Market Report 2023" has been added to ResearchAndMarkets.com's offering.

The global confectionery ingredients market is expected to grow from $72.40 billion in 2022 to $77.26 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. and is expected to grow to $98.34 billion in 2027 at a CAGR of 6.2%.

Product innovation has emerged as a key trend in the confectionery ingredients market. Major players in the shortenings market are innovating novel products with vegan, low calorie, and naturally obtained ingredients to sustain in the market.

The rising consumption of confectionery goods is driving the confectionery ingredients market. Confectionery goods include sweet foods and consumables, such as baked goods and sweets. The increasing demand for gourmet products and changing food habits are leading to a rise in confectionery products. For instance, according to a report published by the American Bakers Association, a US-based non-profit organization, the sales in the bakery aisle increased by 62.3% in the week ending March 15, 2020. Additionally, according to IRI, a US-based company called Information Resources, Inc., sales of cookies and crackers rose by 44.3%. Therefore, increasing consumption of confectionery goods will propel the confectionery ingredients market.

This report focuses on the confectionery ingredients market, which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Key Report Benefits

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Report Scope

Markets Covered:

1) By Type: Dairy Ingredients; Cocoa and Chocolate; Emulsifiers; Sweeteners; Oil and Shortening; Flavoring Ingredients; Other Types

2) By Source: Natural; Synthetic

3) By Form: Dry Form; Liquid Form

4) By Application: Chocolate Confectionery; Sugar Confectionery; Chewing Gums; Other Applications

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Company Profiles

  • Cargill
  • Archer Daniels Midland
  • DuPont de Nemours
  • Kerry Group
  • Arla Foods
  • Tate & Lyle
  • Olam
  • Barry Callebaut
  • Ingredion
  • Koninklijke DSM N.V.
  • AAK AB
  • Dohler GmbH
  • AarhusKarlshamn
  • Brisan Group
  • Tereos Starch & Sweeteners

Key Attributes:

Report Attribute Details
No. of Pages 250
Forecast Period 2023 - 2027
Estimated Market Value (USD) in 2023 $77.26 billion
Forecasted Market Value (USD) by 2027 $98.34 billion
Compound Annual Growth Rate 6.2%
Regions Covered Global

For more information about this report visit https://www.researchandmarkets.com/r/2pe1so

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