Confectionery Ingredients Market 2023 - CAGR Status, Major Players, Forecasts 2032

Market

Size, Trends and Global

Forecast 2023-2032

Confectionery Ingredients Market Definition

Confectionery ingredients refer to items used in making confectionery products. Various sweet foods and consumables, such as baked goods and sweets, are referred to as confectionery.

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Confectionery Ingredients Market Characteristics:

The global confectionery ingredients market is expected to grow from $72.40 billion in 2022 to $77.26 billion in 2023 at a compound annual growth rate (CAGR) of 6.7. The confectionery ingredients market is expected to grow to $98.34 billion in 2027 at a CAGR of 6.2%.

Key Market Drivers And Trends

Drivers Trends

The rising consumption of confectionery goods is driving the confectionery ingredients market.

Product innovation have emerged as a key trend in the confectionery ingredients market.

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Confectionery Ingredients Global Market Segments:

The report covers the confectionery ingredients market’s segmentsBy Source

By Type

Dairy Ingredients,

Cocoa and

Chocolate, Emulsifiers, Sweeteners, Oil and Shortening, Flavoring Ingredients

Natural, Synthetic

By Form

Dry Form, Liquid Form

By Application

Chocolate

Confectionery, Sugar

Confectionery,

Chewing Gums

Major companies in the market include

Cargill Incorporated

Archer Daniels Midland Company

DuPont de Nemours Inc

Kerry Group Plc

Arla Foods

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