(Entertainment-NewsWire.com, April 20, 2017 ) According to the report Global Confectionery Ingredients Market published by Market Data Forecast, the Global Market has been estimated at USD 57.5 Billion in 2016 and is projected to reach USD 78.04 Billion by 2021, at a CAGR of 6.3% during the forecast period from 2016 to 2021.
Confectionery encompasses products such as chocolate and non-chocolate candy; gum; ice cream and frozen desserts; cookies, cakes, and pastries; and other sweet products. Confectionery is sold through retail channels like supermarkets, grocery stores, mass merchandisers, drugstores, convenience stores, gourmet/specialty stores.
The market for confectionery ingredients is mainly driven due to growing industrialization, and changing consumers lifestyle with evolving eating habits coupled with growing consumers awareness regarding the health benefits of chocolates. Also, R&D in terms of product innovation & new product development is also driving the market growth. But, the market growth is constrained due to health awareness among consumers, as Confectionary mainly includes products made from sugar, which has high amount of calories.
Global market for Confectionery Ingredients is segmented based on type, form, source and application. By type, the market is further sub-segmented into Cocoa & chocolate, Dairy ingredients, Hydrocolloids, Emulsifiers, Malts, Oils & shortenings, Starches & derivatives, Sweeteners, Flavors, Others (food color additives & flavors, functional systems, fruits & vegetables). By form, the market is further sub-segmented into Dry and Liquid. By source, the market is further sub-segmented into Synthetic and Natural. By application, the market is further sub-segmented into Chocolate, Sugar confectionery, Gum, Others (fillings, coatings, caramel, aerated confectionery, spreads, and cereal bars). Cocoa & chocolate is the most widely used type of confectionery ingredients. Sugar confectionery application of the confectionery ingredients market is growing at the highest CAGR.
Global market for Confectionery ingredients is segmented based on Type, Form, Source and Applications into further sub-segments as follows:
By type
Cocoa & chocolate
Dairy ingredients
Hydrocolloids
Emulsifiers
Malts
Oils & shortenings
Starches & derivatives
Sweeteners
Flavors
Other ingredient types
Food color additives & flavors
Functional systems
Fruits & vegetables
By form
Dry
Liquid
By source
Synthetic
Natural
By applications
Chocolate
Sugar confectionery
Gums
Other confectionery ingredient applications
Fillings
Coatings
Caramel
Aerated confectionery
Spreads
Cereal bars
Based on Geography
North America Confectionery Ingredients
Europe Confectionery Ingredients
Asia-Pacific Confectionery Ingredients
Latin America Confectionery Ingredients
Middle East and Africa Confectionery Ingredients
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.
The Confectionery Ingredients Market study offers the following deliverables:
Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
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