The Confectionery Ingredients Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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Within the Confectionery Ingredients sector, a profound evolution, as scrutinized by The Business Research Company, has driven robust growth. From $77.09 billion in 2023, the market is poised to elevate to $82.36 billion in 2024, marked by a commendable compound annual growth rate (CAGR) of 6.8%. This substantial expansion during the historic period is ascribed to the globalization of taste, the expansive reach of retail channels, strategic marketing and branding initiatives, a burgeoning demand for novelty and specialty products, consumer preferences for diverse textures, and the concurrent rise in disposable income.

Looking ahead, the Confectionery Ingredients market is anticipated to experience robust growth, reaching a valuation of $107.31 billion in 2028, embodying a notable CAGR of 6.8%. This anticipated surge in the forecast period is attributable to several key factors, including packaging innovations, a heightened focus on health and wellness, the pursuit of reduced sugar and sugar alternatives, the expansion of premium and artisanal segments, the globalized adoption of diverse flavor profiles, and the growing preference for clean label products. Salient trends in this envisioned period encompass a continued wave of innovation in product formulations, technological advancements in processing, the digitalization of marketing strategies, a surge in customization and personalization initiatives, and the introduction of innovative flavors and combinations. This confluence of factors not only underscores the pivotal role of Confectionery Ingredients in the culinary landscape but also positions it as a focal point for innovation and consumer-centric evolution in the years to come.

The rising consumption of confectionery goods is driving the confectionery ingredients market. The confectionery goods include sweet foods and consumables, such as baked goods and sweets. The increasing demand for gourmet products and changing food habits are leading to a rise in confectionery products. Confectionery ingredients are used in making confectionery products. For instance, in November 2022, according to Agriculture and Agri-Food Canada, a Canada-based department of the government, total global retail sales of baked goods were equal to $425.7 billion in 2022, an increase from $407.2 billion in 2021. Therefore, increasing consumption of confectionery goods will propel the confectionery ingredients market.

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The confectionery ingredients market covered in this report is segmented –
1) Confectionery Ingredients Market Confectionery Ingredients Market By Type: Dairy Ingredients, Cocoa and Chocolate, Emulsifiers, Sweetners, Oil and Shortening, Flavoring Ingredients, Other Types
2) Confectionery Ingredients Market Confectionery Ingredients Market By Source: Natural, Synthetic
3) Confectionery Ingredients Market Confectionery Ingredients Market By Form: Dry Form, Liquid Form
4) Confectionery Ingredients Market Confectionery Ingredients Market By Application: Chocolate Confectionery, Sugar Confectionery, Chewing Gums, Other Applications

Major companies operating in the confectionery ingredients market are launching organic products such as Organic Whole Milk Powder to gain a competitive edge in the market. The product is Ecocert certified, sourced exclusively from French dairy farms adhering to strict organic specifications. For instance, in May 2021, Lactalis Ingredients, a France-based dairy products manufacturing company launched Organic Whole Milk Powder. The spray-drying process retains the milk's natural goodness, resulting in a product with a rich dairy taste. With 26% fat content, the whole milk powder is versatile and suitable for applications such as chocolate, dairy, and baking.

The confectionery ingredients market report table of contents includes:

1. Executive Summary

2. Confectionery Ingredients Market Characteristics

3. Confectionery Ingredients Market Trends And Strategies

4. Confectionery Ingredients Market - Macro Economic Scenario

5. Global Confectionery Ingredients Market Size and Growth

......

31. Global Confectionery Ingredients Market Competitive Benchmarking

32. Global Confectionery Ingredients Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Confectionery Ingredients Market

34. Confectionery Ingredients Market Future Outlook and Potential Analysis

35. Appendix

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