(Entertainment-NewsWire.com, October 09, 2017 ) According to the report Asia Pacific Confectionery Ingredients Industry, published by Market Data Forecast, The Industry has been estimated at USD 12.65 Billion in 2016 and is projected to reach USD 18.52 Billion by 2021, at a CAGR of 7.92% during the forecast period from 2016 to 2021.
Confectionery products include food products like chocolates, jams, preserves, cakes and pastries and other dessert items. These are sold through a wide range of retail chain bases like super Industrys, grocery stores, mass merchandisers, and gourmet and specialized stores.
The Industry for Confectionery ingredients in Asia Pacific region is mainly driven due to increasing demand for confectionery ingredients in diverse industries, along with other factors like rising disposable income and growing retail Industry. But, the Industry growth can be hampered due to factors like raising health awareness among consumers and the effect of snacks and drinks Industry on confectionary Industry.
Asia Pacific Industry for Confectionery Ingredients is segmented based on type, form, source and application. By type, the Industry 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 Industry is further sub-segmented into Dry and Liquid. By source, the Industry is further sub-segmented into Synthetic and Natural. By application, the Industry 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 Industry is growing at the highest CAGR.
Geographically, Asia Pacific Industry for Confectionery Ingredients is segmented China, India, Japan, South Korea and Australia. Asia Pacific region is the fastest growing Industry in global confectionery ingredients Industry, in terms of Industry share, with highest CAGR. Increasing urbanization and rising disposal income of consumers, along with advancement in developing countries are anticipated to impact the growth of the confectionary Industry in this region.
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 Asia Pacific Confectionery Ingredients Industry.
Key Points from Table of Contents Overview Executive Summary Key Inferences New Developments Drivers, Restraints, Opportunities, and Challenges Analysis (DROC) Asia Pacific Confectionery Ingredients Industry: Segmentation By type o Cocoa & chocolate o Dairy ingredients o Hydrocolloids o Emulsifiers o Malts o Oils & shortenings o Starches & derivatives o Sweeteners o Flavors o Other ingredient type By form o Dry o Liquid By source o Synthetic o Natural By applications o Chocolate o Sugar confectionery o Gums o Other confectionery ingredient applications Geographical Analysis China India Japan South Korea Strategic Analysis PESTLE analysis Porters Five analysis Industry Leaders' Analysis Competitive Landscape
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