Market Size of Confectionery Ingredients Industry
| 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.
