Confectionery items consists of toffees, chocolates, candies, lollipops, bakery products and other sugar items that are rich in sweet and sugar content. The escalation in the consumption of these items has impelled the demand for confectionery ingredients over the past few years. Varying preferences of consumers related to consumption of confectionery items has impacted the market for confectionery ingredients as well. Besides this, it has been noticed that urbanization has led to rapid growth of confectionery goods as the population in tier 1 and 2 cities prefer to have food which is easily and conveniently available. The market for confectionery ingredients have also been strengthen due to rising number of diabetic patients which compelled the manufacturers to go for sugar free cupcakes, candies and others. Besides this, sugar free confectioneries are gaining momentum due to factors such as escalating number of obese population, rising health consciousness and nutritional concerns among people and as well as change in eating habits along with change in lifestyle. Rising population along with intensifying personal disposable income in developing countries such as China and India is anticipated to create the demand for confectioneries and will bolster the growth of confectionery ingredients market during the forecast period 2021-2029.

Confectionery ingredients market has been estimated to be valued at US$ 77.1 Bn by the end of 2021 and is expected to attain revenue of US$ 118.3 Mn by 2029, expanding at a CAGR of 5.7% during the forecast period 2021-2029.

Purpose of the Report

The purpose of this strategic research study titled “Global Confectionery Ingredients Market - Growth, Future Prospects, Competitive Analysis and Forecast, 2021 – 2029” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global confectionery ingredients market.

Target Audience

• Industry Investors
• Research Professionals
• Emerging Companies
• Raw Material Suppliers/ Buyers
• Product Suppliers/ Buyers
• Research Institutes

USP and Key Offerings

The report titled “Global Confectionery Ingredients Market - Growth, Future Prospects, Competitive Analysis and Forecast, 2021 – 2029” offers strategic insights into the global confectionery ingredients market along with the market size and estimates for the duration 2019 to 2029. The said research study covers in-depth analysis of multiple market segments based on form and application and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading confectionery ingredients vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

• Current and future market trends to justify the forthcoming attractive markets within confectionery ingredients industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 3-Year market size data (2019 – 2020)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global confectionery ingredients market, of growth, offering market size and estimates for the period from 2019 to 2029, keeping in mind the above mentioned factors.

Rising urban population, growing disposable income of households along with rising purchasing power is expected to expand the growth of global confectionery ingredients market. Burgeoning middle class population along with advancement in food technology is further likely to impel the growth of confectionery ingredients market worldwide till 2029. The global confectionery ingredients market is segmented on the basis of form such as liquid and dry. The dry segment captured more than 50% in the total revenue of confectionery ingredients market in 2020 and is anticipated to expand at a robust CAGR during the forecast period. The market for confectionery ingredients have also been strengthen due to rising number of diabetic patients which compelled the manufacturers to go for sugar free cupcakes, candies and others. Rising such incidences in future is further likely to bolster the growth of confectionery ingredients market over the forecast period.

It has been noticed that consumers are becoming more apprehensive towards their health. This has fostered the companies to look upon the development of low calorie, innovative sugar based chocolates and candies to other alternatives to sugar. Thus, rising inclination towards sugar free confectioneries and changing mindset of consumer towards consumption of low calorie products is expected to propel the growth of confectionery ingredients market till 2029. The global confectionery ingredients market is segment on the basis of geography. North America contributed the highest revenue share in total confectionery ingredients market with a contribution which is estimated to be more than 40% by end of 2021. Followed by it, Europe stood at second position in the same year. Higher health consciousness and awareness along with high spending population in these developed regions is anticipated to contribute for double digit growth rate of these regions during the forecast period. Rising diseases and health consciousness in and rising trend of people towards spending on healthy confectionery products is anticipated to intensify the growth of confectionery ingredients market in Asia Pacific region till 2029.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Confectionery Ingredients market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Confectionery Ingredients market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Confectionery Ingredients market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Confectionery Ingredients market?
• Which is the largest regional market for Confectionery Ingredients market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Confectionery Ingredients market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Confectionery Ingredients market worldwide?