The size of the global confectionery ingredients market is expected to be worth USD 86.67 billion in 2024 and grow at a CAGR of 6.20% from 2024 to 2032 to achieve USD 140.24 billion by 2032. The growing demand for confectionery products is driving the growth of the confectionery materials market.
Confectionery items are foods based on chocolate or sugar that are generally consumed as snacks. The confectionery is divided into two categories, namely sweets and bakery. Sweets have fewer micronutrients and protein, but lots of calories. It can be a fat-free food, but some candies, especially fried dough, are high in fat. Most sweets are called empty calories. Baker's pastry is also known as a flour confectionery, which includes cakes, pastries, and similar baked goods. The bakery is a broad term that includes sweet products made from sugar-based sweets and candies. Sugar and sweeteners are the main ingredients of confectionery products. Other sweeteners like glucose syrup, corn syrup, molasses, and aspartame are also used to make confectionery products. The global confectionery market is driven by further industrialization and increased demand for confectionery products worldwide.
The increased investment by various industry players in innovation and R&D activities is expected to have a positive impact on the future growth of the confectionery materials market. Furthermore, as consumer awareness of the health benefits of chocolate increases, the market for confectionery ingredients is expected to strengthen globally in the coming years. The growing demand for natural ingredients, changes in eating habits, and the increasing trend for chocolate gifts at special events and celebrations are supposed to accelerate the growth of the global confectionery market in the coming years. Confectionery ingredients are in high demand in a variety of industries, including sugar, chocolate, and chewing gum confectionery to make cereal confectionery, aerated confectionery, toppings, fillings, candy, and other types of spreads.
In addition, changes in lifestyles and consumer preferences are assumed to drive growth in the global confectionery ingredients market during the projection period. Since the chocolate industry is good for health, it mainly uses confectionery ingredients. This is expected to further lead the world market for confectionery components in the future. The main market participants are mainly focused on providing new innovative products to improve the taste of food and attract customers. Increased demand for sugar-free products, such as candies and cakes for obese and diabetic patients, increased industrialization, increased per capita energy consumption, and the use of naturally derived colors with emulsion technology is presumed to drive growth in the global confectionery market.
The strategic growth of the world's leading supplier of confectionery materials reflects this supplier's monopoly. The demand for confectionery products comes from a variety of hardness, such as food processing equipment, restaurants and household items, and the leading suppliers have penetrated these consumer sectors. In the global confectionery market, small suppliers are foreseen to form collective alliances to stay in the market. Additionally, increasing health awareness, changing eating habits, and product and lifestyle innovation are other factors that are suspected of driving the growth of the global confectionery ingredients market. Also, due to factors such as R&D and innovation to improve the growth of the confectionery materials market during the forecast period.
Besides, fluctuations in cocoa prices and quality standards and norms for confectionery raw materials are key drivers of market growth during the forecast period. The demand for low-calorie foods is expected to increase as people move toward a healthier and healthier lifestyle. This trend may hinder the growth of the world market for confectionery ingredients.
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2023 to 2032 |
|
Base Year |
2023 |
|
Forecast Period |
2024 to 2032 |
|
CAGR |
6.20% |
|
Segments Covered |
By Type, Source, Form, Application, and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
Barry Callebaut, Olam International, Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, E. I. du Pont de Nemours and Company, Koninklijke DSM N.V., Kerry Group plc, Tate & Lyle PLC, Concord Foods Inc and Others. |
The confectionery ingredients market, dairy ingredients hold a significant share, with projections estimating their valuation to exceed USD 28 billion by 2032. This prominence is attributed to the rich, creamy texture and distinctive flavor prof that dairy components like milk powders, cream, and butter impart to confectionery products. The growing consumer preference premium and indulgent treats has further bolstered the demand for dairy-infused confections. Additionally, the trend towards natural and clean-label ingredients has led manufacturers to incorporate h-quality dairy sources, aligning with consumer expectations for authenticity and quality.
The sweeteners segment is experiencing rapid growth within the confectionery ingredients, driven by the increasing demand for healthier alternatives to traditional sugar. Consumers are increasingly seeking products with red sugar content, leading to a surge in the use of natural and low-calorie sweeteners. This shift is not only a response to health-conscious consumer behavior but also aligns with the clean-label movement, where transparency and authenticity in food products are prioritized. Manufacturers are innovating to meet these demands, incorporating sweeteners that offer reduced glycemic impact and fewer cries, thereby catering to the evolving preferences of health-conscious consumers.
The confectionery ingredients market, natural ingredients account for over 65% of the market share in 2023 This dominance is driven the growing consumer preference for clean-label products, which are perceived as healthier and more authentic. Natural ingredients, such as fruit extracts, natural sweeteners, and plant-based colors, align with the clean-label movement, reflecting a broader shift towards transparency and authenticity in food products. Additionally, natural confectionery offerings are often received as premium and higher quality, appealing to consumers seeking wholesome and guilt-free indulgences.
The synthetic ingredients segment is experiencing rapid growth drriven by the increasing demand for cost-effective and shelf-stable options in confectionery production. Synthetic ingredients, including artificial sweeteners, colorants, and preserves, offer manufacturers the ability to produce consistent and long-lasting products at a lower cost. This trend is particularly evident in mproduced candies and chocolates, where maintaining uniformity and extending shelf life are crucial. While natural ingredients are preferred for premium products, synthetic alternative continue to play a significant role in meeting the demands of the mainstream confectionery market.
The confectionery ingredients market, dry form ingredients hold a significant share, with projections estimating their valuation to exceed USD 28 billion by 2032. This prominence disributed to the versatility and ease of handling that dry ingredients offer in confectionery production. Dry ingredients, such as cocoa powder, powdered sugar, and dried fruit powders, are esential for products like cakes, cookies, and candies, where moisture content needs to be controlled. Their shelf life and stability further enhance their importance in large-scale manufacturing processes.
The liquid form ingredients segment is experiencing rapid growth, dn by the increasing demand for smoother textures and enhanced flavors in confectionery products. Liquid ingredients, including syrups, liquid sweers, and milk-based liquids, are essential for products like chocolates, caramels, and gummies. The convenienec and consistency they provide in manufacturing processes contribute to their growing adoption. This trend aligns with consumer prefnces for indulgent and premium confectionery items that offer superior taste and mouthfeel.
The confectionery ingredients market, the sugar confectionery segment holds a substantial share, accounting for over 40% of the market in 2023. dominance is driven by the enduring popularity of traditional sweets such as hard candies, gummies, and licorice, which continue to captivate consumers worldwide. The segment's growth is further propelled by introduction of innovative flavors and textures, catering to evolving consumer preferences. Additionally, the affordability and accessibility of sugar confectionery products tribute to their widespread consumption, solidify in their leading position in the market.
The sugar confectionery segment is also the fastest-growing, what projected Compound Annual Growth Rate (CAGR) of 3.6% during the forecast period. This growth is attributed to the increasing demand for natural sweeteners and clean-label ingredients, as consumers seek healthier alterrnatives. The surge in popularity of premium and gourmet sugar confectionery products, driven by innovative flavors and unique textures, further accelerates this segment's expion. Manufacturers are responding by incorporating high-quality ingredients and exploring unique product formulations to meet the evolving preferences of health-conscious consumers.
In Europe, as the demand for confectionery ingredients increases and the popularity of garlic flavoured foods increases among people, it has a significant share of the global confectionery ingredients market. The European confectionery ingredients market is mainly driven by increased demand for sweeteners, bread and ice cream in national regions such as the United Kingdom, Germany, France and other European areas. However, the need for confectionery ingredients in the region is estimated to show a moderate growth rate in the coming years due to maturity.
The Asia Pacific confectionery ingredients market is likely to show the highest annual growth rate during the projection period due to the increase in people's disposable income. Also, in emerging nations like India and China, confectionery ingredients are becoming more popular due to lifestyle changes and the growing urban population that prefers confectionery products. North America and Europe have become the leading regional markets for confectionery ingredients. It represented more than 60% of the total market.
The Asia Pacific region is expected to be the fastest-growing region in the world in the confectionery materials market, driven by higher demand for confectionery products, higher disposable income due to greater purchasing power and, especially, larger regional players. In countries, such as India and China, this may be due to the increasing demand for confectionery ingredients and the presence of the main actors operating in the country. Awareness is expected to increase market growth. Continued research on chocolate consumption and the acquisition of quality confectionery ingredients from reliable sources is deemed to complement the surge in the confectionery market in the region in the near future. Furthermore, due to the increase in disposable income, changes in consumption patterns and the presence of prominent active actors in the emerging economies of the region, it provides a new way to grow the target market.
Major key players in the global confectionery ingredients market are Barry Callebaut, Olam International, Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, E. I. du Pont de Nemours and Company, Koninklijke DSM N.V., Kerry Group plc, Tate & Lyle PLC, Concord Foods Inc and Others.
By Type
By Source
By Form
By Application
By Region
Frequently Asked Questions
Europe is more attractive for vendors in the Confectionery Ingredient Market.
Confectionery Ingredient Market is estimated to rise at a CAGR of 4.2% during forecast period.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region