Confectionery ingredients are used in the preparation of emulsified food products with perfect mouth-feel, sweetness, and texture. These are widely utilized in the preparation of chewing gums, gels, chocolates, marshmallows, gummies, and hard candies. Such ingredients are available all across the globe in the form of powder and liquid. They possess emulsification properties, therefore, enhance the stability, viscosity, and texture of food products.
The growing demand for natural ingredients owing to the surging awareness among consumers regarding their health is one of the major factors fuelling the growth of the global confectionery ingredients market. Furthermore, the surging trend of clean-label products all across the globe is likely to accentuate the demand for confectionery ingredients significantly. However, there is an immense spike in the consumption of confectionery goods in developed and developing economies. The food and beverage sector is proliferating at an exponential rate all across the globe and these ingredients find a wide number of applications in the food and beverage industry. Therefore, it is expected to propel the demand for confectionery ingredients in the forthcoming years. However, manufacturers are focusing on preparing innovative products that are low in sugar and fat content due to the rising numbers of fitness enthusiasts and health-conscious people.
The global confectionery ingredients market can be segmented into application, type, and region.
By application, the market can be segmented into confectionery gum, chocolate, sugar, and others. The chocolate segment accounts for the largest share in the global confectionery ingredients market.
By type, the market can be segmented into hydrocolloids, emulsifiers, cocoa & chocolates, dairy ingredients, and others.
By source, the market can be segmented into synthetic and natural sources.
By form, the market can be segmented into liquid and dry forms.
Europe accounts for the largest share in the global confectionery ingredients market due to the high consumption rate of confectionery and bakery products.
Asia Pacific is expected to witness a significant growth rate in the forthcoming years due to the growing disposable income of the people in the region.
Some of the significant players in the global confectionery ingredients market are The Archer Daniels Midland Company, Tate & Lyle PLC, Olam International Ltd., Koninklijke DSM N.V., Kerry Group PLC, Ingredion Incorporated, E. I. DuPont De Nemours and Company, Cargill, Incorporated, Cargill, Incorporated, Barry Callebaut Group, and Arla Foods amba. To cite, Nestlé in 2018 introduced Milkybar Wowsomes, a new confectionery product that contains 30% low sugar content as compared to other bars with no artificial flavors.