Confectionary Ingredients Market - Forecast (2021 - 2026)

Confectionary Ingredients Market Overview :

Confectionary Ingredients Market size was estimated at $73.6 billion in 2020, projected to grow at a CAGR of 6.3% during the forecast period 2021-2026. Confectionary Ingredients industry has witnessed huge demand owing to the increasing demand for ready-to-eat food in the market. Confectionery ingredients are the ingredients used in making confectionery items like hard candies, chocolates, cookies, and chewing gum. Cocoa powder, dairy ingredients, emulsifiers, stabilizers and thickeners (EST), malts, oils & shortenings, sweeteners, starch & derivatives, and flavors are among the most popular confectionery ingredients. Moreover, in order to improve the texture, mouthfeel and stability of the product hydrocolloids are used as the gelling agent, thickening agent and stabilizers in confectionery. Increased demand for sugar-free products as a result of rising consumer health consciousness has compelled confectionery manufacturers to research and develop new confectionery ingredients, which has aided the global confectionery ingredients industry's development. Furthermore, the increasing preference for natural ingredients among confectionery manufacturers has provided an advantageous demand for confectionery ingredient suppliers. Continuous R&D and advances in confectionery ingredients are driving forces behind the global market's expansion.

Confectionary Ingredients Market Report Coverage

The report: “Confectionary Ingredients Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Confectionary Ingredients Market.
By Product Type: Cocoa powder & Chocolate, Hydrocolloids, Dairy Ingredients, Malts, Emulsifiers, Sweeteners, Starches & Derivatives, Flavors, Oils & Shortenings and Others
By Source: Natural, Synthetic
By Form: Dry, Liquid
By Application:  Sugar Confectionery, Chocolate, Gum, Others
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia & New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina and Rest of South America), and Rest of the World (Middle East and Africa).

Key Takeaways

  • The increasing demand for sugar free products, ready-to-eat products are driving the confectionery Ingredients Market.
  • The demand for items such as bread, cake, and biscuits is rising rapidly, and the confectionery ingredients market is expected to rise as a result.
  • However, regulations for the use of confectionery products in order to maintain international quality standards, volatile cocoa costs, and uncertainty about use due to health concerns are all holding the industry back.
  • According to the Ministry of Foreign Affairs, the European chocolate demand has altered in first half of 2020 owing to the COVID-19 that has disrupted the cocoa value chain.

Confectionary Ingredients Market Segment Analysis – By Product Type:

Based on Product Type, Confectionary Ingredients Market is segmented into Cocoa powder & Chocolate, Hydrocolloids, Dairy Ingredients, Malts, Emulsifiers, Sweeteners, Starches & Derivatives, Flavoring ingredients, Oils & Shortenings and Others. Cocoa powder & Chocolate segment is accounted for the largest revenue market share in 2020. This is majorly attributed to its diverse applications, not just on confectionary but also in baking, food processing and food technology. Moreover, the antioxidant property of cocoa helps in control cholesterol and sugar levels. As cocoa is rich in polyphenols, it helps in improving blood pressure, minimizing the risk of heart strokes and therefore appeal to customers who prefer wholesome foods. Sweeteners predicted to grow with the fastest CAGR of 6.9% in the forecast period 2021-2026. Sweeteners are food additives used to enhance the flavor of a number of foods. Many natural sweeteners add to the benefit of sugar. Aware calorie consumers tend to eat without weight loss, as they add sweetness without adding a lot of extra calories. Almost no calories are present in many of these. The use of sugar alternatives helps to avoid tooth decay instead of sugar. In people with diabetes, they can also help to regulate blood sugar.


Confectionary Ingredients Market Segment Analysis – By Application:

Based on Application, Confectionary Ingredients Market is segmented into Sugar Confectionery, Chocolate, Gum, Others. Chocolate segment has accounted for largest revenue market share in the year 2020 owing to the increasing chocolate consumption globally associated by its health benefits, rich flavor and mouthfeel. It contains high levels of antioxidants, some studies have indicated that chocolate can decrease cholesterol and prevent deterioration in memory. Sugar confectionery is anticipated to grow with the fastest CAGR of 7.2% in the forecast period 2021-2026. This is mainly attributed to the rising demand for various forms and colors of candies globally. In developing middle class countries like Brazil and India and in countries with historically low sugar consumption, like China and Japan, confectionery consumption is increasing. With more affluent societies, the consumption of chocolate is increasing. Sweets consumption in more developed countries shows little year-by-year rise, and in some countries has declined.

Confectionary Ingredients Market Segment Analysis – By Geography:

Based on Geography, Europe Confectionary Ingredients Market accounted for the 42% revenue share in 2020. This is majorly attributed to the established industries in this region, moreover it offers top quality of confectionery globally. According to the Ministry of Foreign Affairs, Europe is a very diverse market for cocoa, which makes it very interesting. It has a thriving chocolate processing and manufacturing industry that needs large quantities of cocoa beans. Although the industry processes a lot of bulk cocoa, demand for specialty cocoa is on the rise. For the European cocoa industry and European chocolate consumers, sustainability is a critical problem. The Asia-Pacific is projected to be a fastest-growing area because of the constant increase in demand for candy products owing to increased disposable income, growth in procurement power and industrialization in China and India, owing to the appropriate weather and operating benefits. Ease of business and wide range of application are also prominent factors in the Asia-Pacific economy which drive demand for confectionery ingredients.


Confectionary Ingredients Market Segment Analysis-Drivers

Increasing Demand for Sugar Free Products

The growth of the global market in Confectionery ingredients is expected to drive the rising demand for sugar free products such as obese and diabetic cakes, the industrialisation, increased purchasing power per capita, the use of color naturally derived from specific color emulsion technology. Moreover, the growth of the world's cakes market will be fuelled by increased health awareness, evolving eating habits, lifestyle and innovation in products. Moreover, diabetic cases have also provided a huge chance for sugar-free products. The U.S. Department of Health and Human Services reported that in 2018, in the United States 34.2 million people had diabetes. It was also found that the proportion of diabetes adults is increasing with age. Unlike 26.8% of the population aged 65 years or over, 21.4% of all US adults 18 years old or older suffered from diabetes.


Confectionary Ingredients Market Segment Analysis-Challenges

Effects of Synthetic Colors

The adverse effects of synthetic food colors along with FDA regulations on private labels are two factors that constrain the confectionery ingredients market's development. Furthermore, fluctuations in the price of cocoa, as well as quality standards and norms for confectionery raw materials, are major market constraints. As people strive for a healthy lifestyle, the market for low-calorie foods is expected to rise. This pattern could stifle the market's expansion.

“We also publish more than 100 reports every month in "Food and Beverage", Go through the Domain if there are any other areas for which you would like to get a market research study”.

Location: United States

Comments

Post a Comment

Popular posts from this blog

Animal Nutrition Market - Forecast (2021 - 2026)

Animal Nutrition Market Overview: As per the Food and Agriculture Organization of the United Nations, the global population will reach the 9 billion mark by 2050, constructing food challenges. Owing to the depletion of arable land as a result of industrialization, food security is a major objective and livestock products are among the prime means to meet such objectives. Economic development has induced pressure on the livestock sector for more efficient production with limited resources; it also supports the income and food security of almost 1.3 billion people. Thus, animal farming sector is capitalizing upon food security concerns, accounting for nearly 40% of the global agricultural production value. Animal nutrition is a necessity with increasing uptake, for the mandatory affluence of global livestock sector and primarily for the rampant production of protein-enriched commodities such as meat, eggs, and milk to feed the majority of the non-vegetarian population globally. Apart...
Read more
Stevia Rebaudiana Market Overview: Stevia Rebaudiana are leaves containing sweetening compounds and are also called as sweet leaves and candy leaves. Stevia Rebaudiana is not chemically processed and also have various advantages. These does not contain any carbohydrates and calories, this being the important reason on the increased usage of stevia. The market for Stevia was valued at $476.46 million in 2017 and is estimated to reach by $781.61 million in 2023 with a projected CAGR of 8.6%. China has been the largest producer of stevia followed by the U.S. In terms of consumption, APAC is the largest consumer of stevia followed by the North American region. Stevia Rebaudiana Market Outlook: Stevia Rebaudiana has two sweetening agents namely stevioside and rebaudioside. Rebaudioside is the major ingredient that is responsible for the major sweetness. Rebaudiana is more expensive due to its further processing and filtration. Stevia leaves can be directly added to the beverages or could b...
Read more

Snack Pellets Market - Forecast (2021 - 2026)

Snack Pellets Market Overview: As per the statistics provided by “Trading Economics” the disposable personal income in the United States averaged $5,287.79 billion from 1959 until 2019 . The rise in disposable income is the main factor which is gravitating people towards preferring snack products over traditional meals. Hectic life, busy schedules, and extended professional timings are giving rise to undefined food habits and the traditional way of cooking and eating meals has been subsiding. In the busy professional and personal life, people have started opting for snack pellets, as it saves time and also relieves them from stress and boredom. Additionally, increasing food cravings among people, wide varieties of snacks in terms of shape, color, and flavor, and high availability of raw materials are fuelling the growth of snack pellets market. The global snack pellets market had a market size of $6.4 billion in 2018 and it is expected to grow at a CAGR of 5.80% during 2019-2025. ...
Read more