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Confectionery Ingredients Market Share

Report ID: GMI8827
Published Date: Apr 2024
Report Format: PDF

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Confectionery Ingredients Market Share

Confectionery Ingredients Company Market Share, 2023

Confectionery ingredients manufacturers employ strategies focusing on innovation, market expansion, sustainability, and customer-centric solutions. They continuously develop new ingredients, flavors, and textures to meet evolving consumer preferences. Market expansion involves entering new geographic regions and market segments through strategic partnerships and acquisitions.

Sustainable sourcing practices and eco-friendly manufacturing processes are prioritized to meet consumer demand for ethically produced products. Additionally, manufacturers collaborate closely with customers to provide tailored solutions and technical support. By adopting these strategies, confectionery ingredients manufacturers aim to drive growth, strengthen customer relationships, and maintain a competitive edge in the dynamic confectionery market.

Confectionery Ingredients Market Companies

Major companies operating in the confectionery ingredients industry include:

AAK AB
Archer Daniels Midland
Barry Callebaut
Cargill Incorporated
DuPont
Ingredion Incorporated
Koninklijke DSM N.V.
Mars Incorporated
Olam International
Tate & Lyle

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of confectionery ingredients reached USD 78 billion in 2023 and is set to witness 3.8% CAGR between 2024 and 2032, led by consumer demand for clean-label products.

The dairy products segment is likely to sutpass USD 28 billion by 2032, propelled by the demand for premium and indulgent confectionery products incorporating dairy ingredients, such as milk powders, cream, and butter.

Europe market accounted for over 25% share in 2023, as advancements in food processing technologies and packaging innovations are enhancing product quality and shelf life.

AAK AB, Archer Daniels Midland, Barry Callebaut, Cargill Incorporated, DuPont, Ingredion Incorporated, Koninklijke DSM N.V., Mars Incorporated, Olam International and Tate & Lyle.