(EMAILWIRE.COM, October 22, 2018 ) Confectionery means food products which are also known as toffees,candies, cotton candy, lollipops and other sweet items. The confectionery is normally categorized into two types which are bakers confectionery and sugar confectionery. Cakes, sweet pastries, and other such come under bakers and chocolates, sweetmeats, chewing gum, and many of such come under sugar confectionery. Various ingredients are used in the production of confectionery products which can be naturally or synthetically sourced. These products are also produced using whey ingredients such as lactose and whey powder. The lactose has a different property that provide various functional benefits in confectionery products. Whey powder helps in sugar reduction, proteins, and replace other milk products.

The Global market has been estimated at USD 64.87 Billion in 2018 and is projected to reach USD 88.18 Billion by 2023, at a CAGR of 6.3% during the forecast period from 2018 to 2023. Confectionery is used in products such as ice cream and frozen desserts; gum; chocolate and non-chocolate candy; cookies, pastries; cakes, and other sweet products. Confectionery sale is done through retail channels like supermarkets, grocery stores, mass merchandisers, drugstores, convenience stores, gourmet/specialty stores.



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Drivers and Restraints:

The confectionery market ingredients is mainly driven because of increasing industrialization, and dynamic consumers’ lifestyle with developing eating habits coupled with growing consumer’s consciousness regarding the health benefits of chocolates. Also, Research and Development in terms of product innovation & new product development is also driving the market growth. But, the market growth is restrained due to health consciousness among consumers, as confectionery mainly includes products made from sugar, which has high amount of calories.

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Geographic Segmentation:

On the basis of geography, the global market has been partitioned into various regions like North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. Europe is the leading market for confectionery ingredients in terms of market share contribution in the global market. Asia-Pacific is expected to witness highest growth rate as there are favourable factors like economic developments paired with increasing urbanization.



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The key players in the market are Barry Callebaut, Olam International , Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, and E. I. du Pont de Nemours and Company, Koninklijke DSM N.V., Kerry Group plc , Arla Foods, Tate & Lyle PLC.

Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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