Chocolate industries extensively used confectionery ingredients. It is good for health hence consumers largely prefer them.
Sarasota, FL -- (SBWIRE) -- 05/18/2017 -- Zion Market Research, the market research group announced the analysis report titled "Confectionery Ingredients Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Global Confectionery Ingredients Market: Overview
Chocolate industries extensively used confectionery ingredients. It is good for health hence consumers largely prefer them. Companies focus on new product innovations and better taste also brings large customer pool. People are becoming more health-conscious hence they choose natural ingredients. It is gaining more attention as its health benefits are rising. Confectionery ingredients are used in many foods and beverages industries such as sugar confectionery, gums, chocolate, and others. It is used to furnish chocolates and other products with caramel, fillings, cereal bars, aerated confectionery, and spreads.
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Global Confectionery Ingredients Market: Growth Factors
Confectionery ingredients are in highly demanding in the various industries such as gums, chocolate, sugar confectionery, and others, which comprise aerated confectionery, fillings, cereal bars, caramel, coatings, and spreads. In addition, changing consumer preference and lifestyle may boost the global market growth. Additionally, huge investment on the innovations and R&D further contributed to the global market growth. Moreover, increasing consumer awareness about health benefits of chocolates is expected to strengthen the confectionery ingredients market in future. In addition, growth in the natural ingredients demands also propels the global confectionery ingredients market growth. Changing eating habits and gifting chocolates on the celebrations drive the global market growth.
Global Confectionery Ingredients Market: Segmentation
The global confectionery ingredients market is classified based on applications as gums, chocolate, sugar confectionery, and others. Of these, the chocolate segment is the dominating in the global market. Based on types, the global confectionery ingredients market is categorized as sweeteners, dairy ingredients, oils & shortenings, hydrocolloids, starches & derivatives, flavors, emulsifiers, cocoa & chocolate, malts, and others. On the basis of form, the global market is divided as dry and liquid. Furthermore, the global confectionery ingredients market is fragmented as natural and synthetic.
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Global Confectionery Ingredients Market: Regional Analysis
Geographically, the global confectionery ingredients market is segregated as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe accounted for the largest market share owing to increasing demand for confectionery ingredients. Asia Pacific is another region, which is growing at a faster rate due to increasing disposable income of the people. In addition, emerging economies such as China and India are gaining popularity for confectionery ingredients as growing urban population and changing lifestyle. The abundance of human capital and evolving consumer eating habits in North America contributed to the largest market share.
Global Confectionery Ingredients Market: Competitive Players
Major players in the global confectionery ingredients market are E. I. du Pont de Nemours and Company, Barry Callebaut, Archer Daniels Midland Company, Olam International, Incorporated, Ingredion Incorporated, and Cargill.
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Global Confectionery Ingredients Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa