(Entertainment-NewsWire.com, June 20, 2017 ) The Europe Confectionery Ingredients market has been estimated at USD 18.98 Billion in 2016 and is projected to reach USD 25.12 Billion by 2021, at a CAGR of 5.77% during the forecast period from 2016 to 2021. Confectionery is a broad category of food products which includes everything from chocolate snacks, desserts, jams, preserves, candies to cakes and pastries. They are sold through several retail chains like supermarkets, hypermarkets, gourmet stores and grocery stores.
The market for confectionery ingredients in Europe is mainly driven due to increasing demand for confectionery ingredients in diverse industries including chocolate, sugar confectionery, gums, and other industries, along with increasing demand for natural ingredients due to increasing consumer awareness. But, the market growth can be constrained due to availability of other snack products, which are much healthier.
Europe 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.
Geographically, Europe market for Confectionery Ingredients is segmented into U.K., Germany, Spain, France and Italy. Europe is the biggest market for confectionery ingredients in the global market, in terms of market share. Highly propelling R&D works, coupled with ever increasing demand for confectionery products is helping major manufacturers to penetrate in this region and expand their market base.
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 Europe Confectionery Ingredients market.
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