Title: Confectionery Market
1Confectionery Market Market size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2022-2027
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- Confectionery Market size is estimated at 217
billion in 2020, projected to grow at a CAGR of
3.8 during the forecast period 2021-2026.
Confectionery are the products used in making
items like hard candies, chocolates, cookies, and
chewing gum. Cocoa powder, dairy ingredients,
emulsifiers, stabilizers and thickeners (EST),
malts, oils shortenings, sweeteners, starch
derivatives, and flavors are among the most
popular confectionery ingredients. Confectionery
industry has witnessed huge demand owing to the
increasing demand for ready-to-eat food in the
market. Moreover, in order to improve the
texture, mouthfeel and stability of the product
hydrocolloids are used as the gelling agent,
thickening agent and stabilizers in
confectionery.
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- Key Takeaways
- Geographically, Europe Confectionery Market held
the largest revenue share of 36 in 2020 owing to
the growing customer preference for various
applications in the region. The scope of the
Confectionery Market for various regions will be
provided in the final report. - The increasing demand for sugar free products,
ready-to-eat products are driving the
Confectionery Industry. - The demand for items such as bread, cake, and
cookies is rising rapidly, and the confectionery
market is expected to rise as a result. - However, regulations for the use of confectionery
products in order to maintain international
quality standards, volatile cocoa costs, and
uncertainty about use due to health concerns are
all holding the industry back.
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By Distribution Channel- Segment Analysis Based
on Ingredient Type, Cocoa powder Chocolate
segment accounted for the largest revenue market
share in 2020. This is majorly attributed to its
diverse applications, not just on confectionery
but also in baking like cookies, food processing
and food technology. Moreover, the antioxidant
property of cocoa helps in controlling
cholesterol and sugar levels. As cocoa is rich in
polyphenols, it helps in improving blood
pressure, minimizing the risk of heart strokes
and therefore appeal to customers who prefer
wholesome foods. Sweeteners are predicted to grow
with the fastest CAGR of 3.9 in the forecast
period 2021-2026. Sweeteners are food additives
used to enhance the flavor of a number of foods.
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- Confectionery Industry Outlook
-
- Arla
- Cargill, Inc.
- Archer Daniels Midland Company
- Olam International
- Kerry Group plc
- Barry Callebaut
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Confectionery Market
Forecast (2022 - 2027) Learn More About the
Report _at_ https//www.industryarc.com/Research/C
onfectionery-Market-Research-509513
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- You Can Customize the Report as Per Your Need.
We have included Some Customization Options - Company Profile
- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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