Lucintel's latest market report analyzed that confectionery ingredient provides attractive opportunities in the chocolate, gum, and sugar confectionery food markets. The confectionery ingredient market is expected to grow at a CAGR of 5%-7%. In this market, cocoa and chocolate is the largest segment by product form, whereas chocolate is largest by application.
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Based on product form,
the confectionery ingredient market is segmented into cocoa and chocolate,
dairy ingredients, hydrocolloids, emulsifiers, oils and shortenings, starch and
derivatives, flavors and others. The cocoa and chocolate segment accounted for
the largest share of the market in 2020 as the demand is increasing as it
is commercially viable, abundant demand for chocolate, diverse application
dimensions not only in confectionery but also in baking industry and
development of food technology and food processing.
Browse in-depth TOC on “Confectionery
Ingredient Market”
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The confectionery
ingredient market is marked by the presence of several big and small players.
Some of the prominent players offering confectionery ingredient include Cargill,
Archer Daniels Midland, Olam International, Barry Callebaut, E. I. du Pont de
Nemours, Koninklijke DSM, and Kerry Group.
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this link helpdesk@lucintel.com.
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Brandon Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
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