Confectionery Ingredients Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 81.41 Billion |
| Market Size (2029) | USD 96.41 Billion |
| CAGR (2024 - 2029) | 3.44 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Confectionery Ingredients Market Analysis
The Confectionery Ingredients Market size is estimated at USD 81.41 billion in 2024, and is expected to reach USD 96.41 billion by 2029, growing at a CAGR of 3.44% during the forecast period (2024-2029).
- The confectionery ingredients market is driven by growing industrialization and the rising demand for confectionery products across the globe. Also, owing to the factor such as enhanced research and development and innovations to strengthen the confectionery ingredients market, along with frequent launches of new formulated products such as aerated confectionery, caramel confectionery, fillings, coatings, and others.
- Geographically, the European region was witnessed with the largest market for confectionery ingredients, followed by North America owing to the high demand for confectionery products and the advanced technology available in these regions. Asia-Pacific region is witnessed to have the fastest growth in the global market.
- However, factors such as regulations for the use of confectionery ingredient products to maintain the international quality standards, volatile cocoa prices, and uncertainty over the consumption due to the health issues related to it are the factors detaining the market.
Confectionery Ingredients Market Trends
This section covers the major market trends shaping the Confectionery Ingredients Market according to our research experts:
Rising Demand For Flavored Confectioneries
The demand for flavored confectioneries, such as chocolate, strawberry, orange, and others have witnessed a steady increase in its growth owing to its unique taste attracting the consumers, appealing packaging of products, along with marketing & promotional activities conducted by the key players to increase the outreach of their products among their targeted end-user segments. For instance, Ferrero, introduced a confectionery product-Kinder Joy, consisting of kinder toys within the chocolates and strategies such as blue chocolates and pink chocolates aimed at boys and girls respectively. In addition, the company also has conducted several marketing events. For instance, in 2016, the company initiated an innovative platform for storytelling, namely 'The Kinder Joy story station' to increase brand engagement. Such advertising and marketing strategies are bound to increase the demand for chocolate confectionery products over the forecast period. In addition, frequent launches of new products such as sugar-free chocolate and organic confectioneries in the confectionery market further boost market growth across the globe.
Asia Pacific To Be The Fastest-Growing Region In The Global Market
The Asia-Pacific region is projected to be the fastest-growing region in the global market of confectionery ingredients, owing to the rise in the demand for confectionery products, growing disposable income with increasing purchasing power, and the increasing number of regional players, especially in the countries such as India, and China. In addition, increasing the adoption of western culture and the rise in the awareness of the health benefits of consuming dark chocolates is projected to increase the market growth.
Confectionery Ingredients Industry Overview
The global confectionery ingredients market is competitive and fragmented in nature owing to the presence of many regional and domestic players. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the global market include Cargill, Incorporated, ADM, Olam International, DuPont, and Kerry Inc. among others.
Confectionery Ingredients Market Leaders
Cargill, Incorporated
ADM
Olam International
DuPont
Kerry Inc.
*Disclaimer: Major Players sorted in no particular order
Confectionery Ingredients Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porters 5 Force Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Dairy Ingredients
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5.1.2 Sweeteners
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5.1.3 Flavors
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5.1.4 Oils & Shortenings
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5.1.5 Emulsifiers
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5.1.6 Others
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5.2 Geography
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5.2.1 North America
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5.2.1.1 United States
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5.2.1.2 Canada
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5.2.1.3 Mexico
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5.2.1.4 Rest of North America
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5.2.2 Europe
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5.2.2.1 United Kingdom
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5.2.2.2 Germany
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5.2.2.3 France
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5.2.2.4 Russia
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5.2.2.5 Italy
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5.2.2.6 Spain
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5.2.2.7 Rest of Europe
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5.2.3 Asia-Pacific
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5.2.3.1 India
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5.2.3.2 China
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5.2.3.3 Japan
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5.2.3.4 Australia
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5.2.3.5 Rest of Asia-Pacific
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5.2.4 South America
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5.2.4.1 Brazil
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5.2.4.2 Argentina
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5.2.4.3 Rest of South America
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5.2.5 Middle East & Africa
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5.2.5.1 South Africa
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5.2.5.2 Saudi Arabia
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5.2.5.3 Rest of Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Strategies Adopted by Key Players
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Cargill, Incorporated
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6.4.2 ADM
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6.4.3 Olam International
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6.4.4 Du Pont
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6.4.5 Kerry Inc.
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6.4.6 Tate & Lyle PLC
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6.4.7 Ingredion Incorporated
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Confectionery Ingredients Industry Segmentation
The global confectionery ingredients market is segmented by type into dairy ingredients, sweeteners, flavors, oils & fats, emulsifiers, and others. Also, the study provides an analysis of the confectionery ingredients market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
| By Type | |
| Dairy Ingredients | |
| Sweeteners | |
| Flavors | |
| Oils & Shortenings | |
| Emulsifiers | |
| Others |
| Geography | |||||||||
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Confectionery Ingredients Market Research FAQs
How big is the Confectionery Ingredients Market?
The Confectionery Ingredients Market size is expected to reach USD 81.41 billion in 2024 and grow at a CAGR of 3.44% to reach USD 96.41 billion by 2029.
What is the current Confectionery Ingredients Market size?
In 2024, the Confectionery Ingredients Market size is expected to reach USD 81.41 billion.
Who are the key players in Confectionery Ingredients Market?
Cargill, Incorporated, ADM, Olam International, DuPont and Kerry Inc. are the major companies operating in the Confectionery Ingredients Market.
Which is the fastest growing region in Confectionery Ingredients Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Confectionery Ingredients Market?
In 2024, the Europe accounts for the largest market share in Confectionery Ingredients Market.
What years does this Confectionery Ingredients Market cover, and what was the market size in 2023?
In 2023, the Confectionery Ingredients Market size was estimated at USD 78.70 billion. The report covers the Confectionery Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Confectionery Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Confectionery Ingredients Industry Report
Statistics for the 2024 Confectionery Ingredients market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Confectionery Ingredients analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
