Confectionery Ingredients Market Overview

The global Confectionery Ingredients Market is projected to reach USD 127.37 Bn by 2030 and grow at a CAGR of 6.7% during the forecast period, 2023–2030.

Market Dynamics

The primary driver driving growth in the confectionery ingredients market is the increased demand for natural ingredients as consumer awareness grows. The primary element driving demand for confectionery ingredients is the high level of R&D and innovation required to maintain the market's strength. Additionally, the huge range of confectionery applications, the numerous health benefits associated with chocolate, and changing consumer lifestyles are all contributing to the total demand for confectionery ingredients over the projection period.

Australia's confectionery ingredients market is witnessing steady growth, driven by the increasing demand for sweet treats and chocolates. Australian consumers enjoy a variety of confectionery products, including chocolates, candies, and biscuits.

Increased consumer demand for sugar-free goods has compelled confectionery makers to discover and develop new confectionery ingredients, which has fueled the worldwide confectionery ingredients industry's rise. Sweeteners, for example, are used in place of sugar and are gaining appeal among candy manufacturers. Additionally, the increased preference among confectionery producers for natural ingredients has created an attractive market for providers of confectionery ingredients. Continuous research and development, as well as innovation in confectionary ingredients, are the primary drivers of the global market's growth.

However, volatile cocoa prices, as well as compliance with international quality standards and regulations for confectionery ingredient products, are expected to act as a restraint on the confectionery ingredients market's growth, whereas increasing substitution of confectionery goods and consumer demand for clean label products could pose a threat to the market's growth.

Competitive Dynamics

Cargill, Incorporated (US), Archer Daniels Midland Company (US), DuPont (US), Kerry Group Plc (Ireland), Arla Foods (Denmark), Tate & Lyle PLC (UK), Olam International (Singapore), Barry Callebaut (Switzerland), Ingredion Incorporated (US), Koninklijke DSM N.V. (Netherlands), AAK AB (Sweden), Brisan Group (US), Tereos Starch & Sweeteners s.a.s. (France), Lactalis Ingredients (France), Döhler GmbH (Germany) are some of the global confectionery ingredients key market players. 

Segmental Analysis

The global confectionery ingredients market has been categorized by ingredient type, source, application, and region.

The global confectionery ingredients market has been segmented according to ingredient type into cocoa & chocolate, dairy ingredients, hydrocolloids, emulsifiers, stabilizers, and thickeners (EST), malts, oils & shortenings, sweeteners, starch & derivatives, and flavors.

The global market has been classified as natural or synthetic, depending on the source.

The global market has been segmented by application into chocolate confectionery, sugar confectionery, chewing gums, and others.

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