Confectionery Ingredients Market to Amount to USD 76.81 Billion by 2021, Forecasts M&M in New Report Available at MarketPublishers.com22 Sep 2016 • by Natalie Aster
LONDON – The global market for confectionery ingredients has grown at a fast pace over the recent years. This trend is set to continue in the offing. The marketplace is forecast to show a CAGR of more than 6% in terms of value. It is expected to be worth slightly over USD 76.8 billion by 2021.
One of major factors that encourage the growth is the rising demand for confectionery ingredients across different industries like gums, sugar confectionery, chocolate, etc.
Innovations in the space, changes in consumer lifestyles and R&D activities also support this growth. There are some restraints, as well. Cocoa price volatility is one of them.
Chocolate forms the largest segment of this market in terms of application. Europe is the most prominent player across the globe. APAC, however, is set to demonstrate the most rapid growth over the period 2016-2021. Such a trend will be a result of growth of this market in India and China.
The global market deals with a number of challenges such as rising substation of confectionery goods, increasing interest in clean label products amongst consumers, and more.
Olam International, Cargill, Kerry Group plc and Barry Callebaut are some of the largest players globally.
New research report “Confectionery Ingredients Market by Type, Application, Form - Global Forecast to 2021” drawn up by M&M offers comprehensive examination of the world’s confectionery products market. The study comprises a detailed overview of the marketplace. It casts light on it its dynamics and delves deep into trends.
The report analyzes the marketplace on the basis of ingredient types, sources, forms and application fields. The research study canvasses regional marketplaces and concentrates on major countries. It also includes a branding overview.
The research report investigates latest trends and developments in the competitive environment. Company profiles are available in the study, too. Besides, future outlook for the upcoming years is on hand in the report.
More new studies by M&M can be found at its page.