Confectionery Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Confectionery Ingredients Market is segmented by Type (Dairy Ingredients, Sweeteners, Flavors, Oils & Fats, Emulsifiers, and Others); and by Geography

Market Snapshot

confectionery ingredients market share
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: 6.4 %
confectionery ingredients market size

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Market Overview

The global confectionery ingredients market is growing at a CAGR of 6.4% during the forecast period (2020-2025).

  • 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.

Scope of the Report

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
Oils & Shortenings
North America
United States
Rest of North America
United Kingdom
Rest of Europe
Rest of Asia-Pacific
South America
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

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.

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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. 

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Competitive Landscape

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.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters 5 Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 By Type

      1. 5.1.1 Dairy Ingredients

      2. 5.1.2 Sweeteners

      3. 5.1.3 Flavors

      4. 5.1.4 Oils & Shortenings

      5. 5.1.5 Emulsifiers

      6. 5.1.6 Others

    2. 5.2 Geography

      1. 5.2.1 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      2. 5.2.2 Europe

        1. United Kingdom

        2. Germany

        3. France

        4. Russia

        5. Italy

        6. Spain

        7. Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. India

        2. China

        3. Japan

        4. Australia

        5. Rest of Asia-Pacific

      4. 5.2.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.2.5 Middle East & Africa

        1. South Africa

        2. Saudi Arabia

        3. Rest of Middle East & Africa


    1. 6.1 Most Active Companies

    2. 6.2 Strategies Adopted by Key Players

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Cargill, Incorporated

      2. 6.4.2 ADM

      3. 6.4.3 Olam International

      4. 6.4.4 Du Pont

      5. 6.4.5 Kerry Inc.

      6. 6.4.6 Tate & Lyle PLC

      7. 6.4.7 Ingredion Incorporated

    5. *List Not Exhaustive

**Subject to Availability

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Frequently Asked Questions

The undefined market is studied from 2016 - 2026.

The undefined is growing at a CAGR of 6.4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Cargill, Incorporated, ADM, Olam International, DuPont, Kerry Inc. are the major companies operating in undefined.

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