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Confectionery Ingredients Market Trends

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

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Confectionery Ingredients Market Trends

The confectionery ingredients industry is witnessing several notable trends. There is a growing demand for natural and clean-label ingredients as consumers seek healthier options. Additionally, there's an emphasis on innovative flavors, textures, and colors to enhance product appeal. With the rise of premium and artisanal confectionery, there's an increasing interest in high-quality ingredients such as premium chocolates and unique inclusions. Furthermore, sustainability and ethical sourcing practices are gaining importance, influencing ingredient selection and production processes. Overall, these trends reflect evolving consumer preferences and industry efforts to meet changing demands while maintaining product quality and integrity.

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.