Confectionery Ingredients Market Size, Share, Trends Analysis 2032

Confectionery Ingredients Market: Size

The global confectionery ingredients market size was worth around USD 78.53 billion in 2023 and is predicted to grow to around USD 109.07 billion by 2032 with a compound annual growth rate (CAGR) of roughly 3.84% between 2024 and 2032.

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The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The report covers a forecast and an analysis of the confectionery ingredients market on a global and regional level.

Confectionery Ingredients Market: Overview

Confectionery items are also known as sweets or candies. They are chocolate-based or sugar-based food products that are generally consumed as snacks. Confectionery is divided into two broad categories—sugar confections and baker’s confections. Confections are low in micronutrients and protein but high in calories. They might be fat-free foods, though some confections, particularly fried dough, have high-fat content. Most of the confections are called empty calories. Baker’s confectioneries are also known as flour confections, which includes pastries, cakes, and similar baked goods. Confectionery is an extensive term that includes any sweet product manufactured from sugar and candy with sugar as its main component. Sugar and sweeteners are the main ingredients in confectionery foods. Other sweeteners, such as glucose syrup, corn syrup, molasses, and aspartame, are also used to make confectionery foods.

Confectionery ingredients are high in demand in various industries, such as sugar confectionery, chocolate, gums, and others, for manufacturing cereal bars, aerated confectionery, coatings, fillings, caramel, and different types of spreads. Moreover, changing consumer lifestyle and preferences is expected to drive the global confectionery ingredients market growth over the forecast time period. The chocolate industry largely uses confectionery ingredients, as they are good for health and hence consumers largely prefer confectionery ingredients. This is expected to further drive the global confectionery ingredients market in the future. The key market players are mostly focusing on providing innovative new products that will enhance the food taste and attract customers.

The study also provides the impact and the descriptive analysis of major drivers, restraints, and opportunities of the global confectionery ingredients market.

The study also offers the market attractiveness and Porter’s Five Forces model analysis to gauge the competitive landscape of the major market vendors. This comprehensive study also provides a detailed analysis and an overview of each segment included in the study.

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Confectionery Ingredients Market: Segmentation

The report concludes the major type, source, form, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on the type, the confectionery ingredients market is segmented into cocoa and chocolate, dairy ingredients, hydrocolloids, emulsifiers, malts, oils and shortenings, starch and derivatives, sweeteners, flavors, and others.

On the basis of source, the market is segmented into synthetic and natural. Based on form, the market is segmented into dry form and liquid form.

On the basis of application, the market is segmented into chocolate, sugar confectionery, gum, and others.

Confectionery Ingredients Market: Report Scope

Confectionery Ingredients Market: Regional Analysis

The regional segment includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

By region, Europe held the major market share of the global confectionery ingredients market in 2023, due to the increasing confectionery ingredients demand and the rising popularity of garlic-flavored food products among the people. The Asia Pacific confectionery ingredients market is expected to show the highest CAGR over the forecast time period, owing to the increasing disposable income of people. Moreover, developing countries such as, India and China, are witnessing growing popularity for confectionery ingredients due to changing lifestyles and rising urban population base that prefer confectionery food items.

Confectionery Ingredients Market: Key Players Analysis

Some key players operating in the global confectionery ingredients market include:

• Barry Callebaut
• Arla Foods
• Archer Daniels Midland Company
• E. I. du Pont de Nemours and Company
• Kerry Group
• Olam International
• Koninklijke DSM N.V.
• Ingredion Incorporated
• Cargill

This report segments the global confectionery ingredients market into:

Global Confectionery Ingredients Market: Type Analysis

• Cocoa and Chocolate
• Dairy Ingredients
• Hydrocolloids
• Emulsifiers
• Malts
• Oils and Shortenings
• Starch and Derivatives
• Sweeteners
• Flavors
• Others

Global Confectionery Ingredients Market: Source Analysis

• Synthetic
• Natural

Global Confectionery Ingredients Market: Form Analysis

• Dry Form
• Liquid Form

Global Confectionery Ingredients Market: Application Analysis

• Chocolate 
• Sugar Confectionery 
• Gum 
• Others

Global Confectionery Ingredients Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa