The Global Confectionery Ingredients Market has posted continuous growth in the recent years and is expected to reach a significant valuation over the forecast period of 2017-2023, reveals market Research Future (MRFR) in an exhaustive research report. The global confectionery ingredients market has posted continuous growth in the recent years and is expected to reach a significant valuation over the forecast period of 2017-2023, reveals market Research Future (MRFR) in an exhaustive research report.
Segmentation Analysis
The global confectionery market has been segmented based on type, form, and application. By type, the market has been segmented into chocolates and cocoa, dairy ingredients, emulsifiers & thickeners, sweeteners, and others. By form, the market has been segmented into dry, liquid and others. By applications, the market has been segmented into sweets, candy, candy nuts, chocolates, chewing gum, and others.
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Global Key Players and Competition Analysis
The eminent players operating in the global confectionery ingredients market include McCormick & Company, Inc. (U.S.), Mars Incorporated (Australia), NILON’S. (India), NOW Foods (U.S.), Woolworths Limited. (Australia), and Dabur (India).
Regional Analysis
Asia Pacific is poised to emerge as the fastest growing market for confectionery ingredients over the forecast period. The rise in disposable income, increase in consumption of bakery and confectionery products, and growing urbanization and western influence will drive the growth of the market in the region. Furthermore, the Middle East & Africa market is projected to exhibit substantial growth owing to an increase in demand for confectionery products.
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