Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Confectionery Ingredients Market”. This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure.
Confectionery is related to food products which is also known as candies, toffees, lollipops, cotton candy and other sweet items. The confectionery is basically categories into two types namely bakers confectionery and sugar confectionery. Bakers includes cakes, sweet pastries, and others. Sugar confectionery includes chocolates, sweetmeats, chewing gum, and many more. To produce confectionery products various ingredients are used which can be naturally or synthetically sourced. Confectionery products are also produced with whey ingredients which such as lactose and whey powder. The lactose has a distinct property that provides various functional benefits in confectionery products. Whey powder helps in reducing sugar, proteins, and replace other milk products. Other confectionery ingredients includes sucrose, glucose, water, syrup, skimmed milk, icing sugar and many more. According to WILD Flavors, Inc., globally the confectionery ingredients manufacturers are aggressively inclined towards natural sources which is increased from 5.5% to 12% of total sugar and gums confectionery ingredient products launched during 2006 to 2010. According to Kalsec Inc., 80% of the parents prefer naturally source confectionery ingredients and products over synthetic colors.
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Confectionery Ingredients Market: Drivers and Restraints
Escalating demand of sugar free products such as candies and cakes for obese and diabetic patients, growing industrialization, increasing per capita spending power, use of naturally derived color with unique color emulsion technology are the factors expected to drive the growth of global confectionery ingredients market. Moreover, increasing health consciousness, changing eating habits & lifestyle and products innovation are some other factors expected to fuel the growth of global confectionery ingredients market. However, harmful effects with synthetic color and strict FDA regulations for private labels are the factors that may hamper the growth of Confectionery Ingredients market.
Confectionery Ingredients Market: Segmentation
The confectionery ingredients market has been classified on the basis of types of ingredient, application, form, and source.
Based on types of ingredient, the confectionery ingredients market is segmented into the following:
Coca & Chocolate
Starches & Derivatives
Oil & Shortenings
Based on application, the confectionery ingredients market is segmented into the following:
Caramels & Chewies
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Based on form, the Confectionery Ingredients market is segmented into the following:
Based on sources, the Confectionery Ingredients market is segmented into the following:
Confectionery Ingredients Market: Overview
Based on type of ingredients, coca & chocolate is the most lucrative segment among others owing to higher consumption of these ingredients in diverse industries and benefits associated with chocolates includes antioxidants present in cocoa which increase level of good cholesterol or HDL. Coca & chocolate products are the sources of flavonoids intake which can improve blood vessel and reduce the risk of heart related disease. Most of the customers are inclining towards natural color products owing to health consciousness and increased awareness of effects of artificial color flavors. Moreover, natural colors are appropriate for wide range of confectionery ingredients and products such as gummies, hard candies, panned candies, tablets and gums. According to global new product, the consumption of natural color are growing globally.
Confectionery Ingredients Market: Region-wise Outlook
Depending on geographic region, confectionery ingredients market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. Asia Pacific dominates the confectionery ingredients market followed by Europe, Japan and North America owing to high consumption of confectionery ingredients and products, health lifestyle, and use of natural ingredients products. Asia Pacific, Middle East and Africa hold huge potential and shows substantial growth owing to rising demand for natural ingredients for healthy lifestyle, increasing disposable income, growing urbanization and escalation in consumption of confectionery ingredients and products in these regions.
Confectionery Ingredients Market: Key Players
Few of the players of Confectionery Ingredients market are Cargill, Incorporated, Olam International, Barry Callebaut, Archer Daniels Midland Company, Ingredion Incorporated, Concord Foods Inc., Tate & Lyle PLC, AarhusKarlshamn and DuPont.
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