The Global Confectionery Ingredients Market has posted continuous growth in the recent years and is expected to reach a significant valuation over the forecast period of 2017-2023, reveals market Research Future (MRFR) in an exhaustive research report. A considerable rise in the consumption of bakery and confectionery items has been the primary factor influencing the growth of the market. The market is primarily driven by greater interest in chocolate influenced by the increasing awareness about the health benefits of chocolates and western influence on consumption pattern on a global scale.
Global Key Players and Competition Analysis
The eminent players operating in the global confectionery ingredients market include McCormick & Company, Inc. (U.S.), Mars Incorporated (Australia), NILON’S. (India), NOW Foods (U.S.), Woolworths Limited. (Australia), and Dabur (India).
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Market Segmentation:
The Global Confectionery Market has been segmented based on type, form, and application. By type, the market has been segmented into chocolates and cocoa, dairy ingredients, emulsifiers & thickeners, sweeteners, and others. By form, the market has been segmented into dry, liquid and others. By applications, the market has been segmented into sweets, candy, candy nuts, chocolates, chewing gum, and others.
Regional Analysis
The Global Confectionery Market spans across the regions of North America, Europe, Asia Pacific, and the Rest of the World (RoW). Europe is recorded for generating maximum demand for confectionery ingredients. The growth of the market is supported by substantial investment in R&D activities and technological advancements. Other factors include high consumption of confectionery products and rising demand for baked foods owing to health consciousness.
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