LONDON, Sept. 14, 2016 /PRNewswire/ -- "Confectionery ingredients market is projected to grow at a CAGR of 6.2% in terms of value"
The confectionery ingredients market has grown rapidly in the last few years and is projected to reach a value of USD 76.81 billion by 2021, at a CAGR of 6.2% from 2016 to 2021. The primary factors that drive the confectionery ingredients market include the increasing demand of confectionery ingredients in diverse industries such as chocolate, sugar confectionery, gums, and other industries, which include fillings, coatings, caramel, aerated confectionery, spreads, and cereal bars. Also, owing to the factors such as changing consumer lifestyles, R&D and innovations to strengthen the confectionery ingredients market, increasing demand for natural ingredients due to increasing consumer awareness, and health benefits of chocolates result in the growth of the confectionery ingredients market.
"Chocolate application dominated the confectionery ingredients market"
On the basis of application, the confectionery ingredients market has been segmented into chocolate, sugar confectionery, gums, and other industries, which include fillings, coatings, caramel, aerated confectionery, spreads, and cereal bars. The chocolate segment dominated the confectionery ingredients market, by application. Factors such as changing consumer lifestyle, along with eating habits & consumer preference for convenience food, product innovations by food processing companies, growing trend of gifting confectionery on festive occasions, and health benefits of chocolates leading to the huge demand for chocolates drive the growth of chocolates in the confectionery ingredients market.
"China and India: The future of the confectionery ingredients industry"
Europe dominated the global confectionery ingredients market in 2015. The Asia-Pacific region is projected to be the fastest-growing market from 2016 to 2021. The markets are growing in China and India due to the increasing disposable income of the people, growing urban population, abundance of human capital, changing lifestyle, along with evolving consumers' eating habits, and increased opportunities in developing countries make a way for profitable returns.
Break-up of Primaries:
- By Company Type: Tier 1 - 40 %, Tier 2 - 40%, and Tier 3 - 20%
- By Designation: C level - 40%, Manager level - 40%, and Director level - 20%
- By Region: North America - 25%, Europe - 50%, and Asia-Pacific - 25%
The leading players in the confectionery ingredients market are Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Olam International (Singapore), Barry Callebaut (Switzerland), E. I. du Pont de Nemours and Company (U.S.), Koninklijke DSM N.V. (Netherlands), and Kerry Group plc (Ireland). Other players include Arla Foods (Denmark), Tate & Lyle PLC (U.K.), Ingredion Incorporated (U.S.), and AarhusKarlshamn (Sweden), which also have a strong presence in the global confectionery ingredients market.
Objectives of the study
- To define, segment, and project the global market size for food encapsulation on the basis of type, application, sources, form and region;
- To understand the structure of the confectionery ingredients market by identifying its various sub segments;
- To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges) ;
- To project the size of the market, in terms of value (USD million) and volume (KT).
- Confectionery ingredients manufacturers
- Confectionery ingredients suppliers
- Research institutions
- Government bodies
- End users (industries) (chocolate manufacturers, sugar confectioners, gum manufacturing)
SCOPE OF THE REPORT
On the basis of type, the confectionery ingredients market has been segmented as follows:
- Cocoa & chocolate
- Dairy ingredients
- Oils & shortenings
- Starches & derivatives
On the basis of application, the confectionery ingredients market has been segmented as follows:
- Sugar confectionery
On the basis of source, the confectionery ingredients market has been segmented as follows:
On the basis of form, the confectionery ingredients market has been segmented as follows:
On the basis of region, the confectionery ingredients market has been segmented as follows:
- North America
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