The confectionery ingredients market is projected to reach USD 76.81 Billion by 2021, at a CAGR of 6.2% from 2016 to 2021. The objectives of the study are to define, segment, and measure the confectionery ingredients market with respect to its type, application, source, form, and key regional market. It also includes factors influencing the growth of the market, strategic analysis of the micro markets, analysis of the opportunities for stakeholders, details of the competitive landscape, and strategic profiling of the key players with respect to their market share and core competencies.
The years considered for the study are as follows:
- Base year — 2015
- Estimated year — 2016
- Projected year — 2021
- Forecast period — 2016 to 2021
This report includes estimations of market sizes for value (USD billion). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the confectionery ingredients market and to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research (FAO, Bloomberg, Factiva, companies’ annual reports), and their market share in respective regions has been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.The market for confectionery ingredients is projected to reach USD 76.81 Billion by 2021, at a CAGR of 6.2% from 2016 to 2021. The confectionery ingredients market is driven by growing industrialization, large-scale adoption of confectionery ingredients for various applications in diverse industries including chocolate, sugar confectionery, gums, and other industries such as fillings, coatings, caramel, aerated confectionery, spreads, and cereal bars. Also, owing to the factors such as changing consumer lifestyles, R&D and innovations to strengthen the confectionery ingredients market, increasing demand for natural ingredients due to increasing consumer awareness, and health benefits of chocolates result in the growth of the confectionery ingredients market.
The confectionery ingredients market has been segmented on the basis of type into cocoa & chocolate, dairy ingredients, hydrocolloids, emulsifiers, malts, oils & shortenings, starches & derivatives, sweeteners, flavors, and others, which include food color additives & flavors, functional systems and fruits & vegetables. The cocoa & chocolate segment dominated the confectionery ingredients market, owing to the increasing producers’ demand 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.
Food&farming 