Market - - Jun 02,2017
The global market for confectionery ingredient will rise at a CAGR of 4.2% between 2017 and 2025; the market is expected to reach US$109.48 billion by the end of 2025.
Confectionery ingredients are utilized in the manufacturing of end products like bakery products, chocolate, beverages, sugar confectioneries etc. These ingredients primarily comprise of cocoa, dairy ingredients, sugar, emulsifiers, sweeteners and others so as to prepare a good product. Sweeteners are a replacement of sugar products since they are considered as a healthy additive for the benefit of the health conscious consumers. Presently, the rapid consumption of chocolate is causing the growth of the chocolate market, which is driving the demand for confectionery ingredients.
As per a recent research report published by Market Research Reports Search Engine (MRRSE), the global confectionery ingredient market is expected to rise at a CAGR of 4.2% between 2017 and 2025. With this pace, the market would acquire a value of US$109.48 billion by the end of the above stated period.
It is interesting to know that, cocoa and other dairy ingredients which are added to chocolate are reported to contain beneficial health related qualities. Cocoa content provides relief from illnesses such as cholesterol, high blood pressure, and other neurodegenerative diseases. Additionally, the demand for confectionery products is surging due to the changing demand of consumers as well as the influence of the western culture based on feeding habits in the developing economies.
In this current phase, the market for confectionery ingredients has been confined to the regions of North America, Asia Pacific, Europe, Middle East and Africa and Latin America. Among these, Europe emerged as the chief market for confectionery ingredient in the year 2016. With a share of over 25%, North America held the second spot in terms of sales in the global confectionery ingredient market.
For more information on this report visit- http://www.mrrse.com/confectionery-ingredients-market