Confectionery Ingredients Market is Expected to Grow at a CAGR of 6.7% from 2023 to 2030

Global Confectionery Ingredients Market is predicted to reach USD 127.37 billion at a CAGR of 6.7% during the forecast period:

Market Research Future (MRFR) has published a cooked research report on the “Global Confectionery Ingredients Market” that contains information from 2023 to 2030. The Global Confectionery Ingredients Market is estimated to register a CAGR of 6.7% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the Global Confectionery Ingredients Market— Cargill Incorporated, Archer Daniels Midland Company, DuPont, Kerry Group Plc, Arla Foods, Tate & Lyle PLC, Olam International, Barry Callebaut, Ingredion Incorporated, and Koninklijke DSM N.V.

Confectionery Ingredients Market Highlights

The Global Confectionery Ingredients Market is accounted to register a CAGR of 6.7% during the forecast period and is estimated to reach USD 127.37 Billion by 2030.

The Global Confectionery Ingredients Market refers to the worldwide industry that deals with the production, distribution, and sale of various ingredients used in the manufacturing of confectionery products. Confectionery ingredients are the raw materials and additives essential for creating a wide range of sweet treats, including candies, chocolates, gums, jellies, pastries, and other sugary delights.

The growth of the Global Confectionery Ingredients Market is influenced by factors such as changing consumer preferences, innovation in product formulations, increased demand for premium and organic ingredients, and the expansion of the confectionery industry to new markets. As consumer tastes and preferences evolve, manufacturers in this market continually work to develop new and exciting confectionery products using a wide range of ingredients.

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Segment Analysis

The Global Confectionery Ingredients Market has been segmented based on

On the basis of type, the market is segmented into Cocoa & Chocolate, Dairy Ingredients, Emulsifiers, Stabilizers & Thickeners (EST) and Oils & Shortenings. The cocoa & chocolate segment held the majority share. This is primarily due to its diverse applications, which include confectionery, baking, food processing, and food technology.

Based on application, the market has been segmented into Chocolate Confectionery, Sugar Confectionery and Chewing Gums. Chocolate confectionery held the largest segment share. Chocolate contains high levels of antioxidants, and some studies have shown that it can lower cholesterol and prevent memory deterioration.

Regional Analysis

The Global Confectionery Ingredients Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Confectionery Ingredients Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Confectionery Ingredients Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Confectionery Ingredients Market comprises of Middle East, Africa, and Latin America.

The North American region, including the United States and Canada, has a mature confectionery market. Consumers here often seek a balance between traditional favorites and healthier or premium options. There's a growing demand for clean label and natural ingredients.

Europe has a well-established confectionery industry with a strong emphasis on high-quality chocolate products. Countries like Belgium, Switzerland, and Germany are renowned for their chocolate production.

The Asia-Pacific region is experiencing rapid growth in the confectionery industry due to changing lifestyles, rising disposable incomes, and urbanization. Countries like China, India, Japan, and South Korea are major markets. Traditional sweets alongside Western-style confections are popular.

Furthermore, the rest of the world's Global Confectionery Ingredients Market is divided into the Middle East, Africa, and Latin America. Latin America has a strong tradition of confectionery consumption. In countries like Brazil and Mexico, there's a preference for sweet and fruity flavors. There's also demand for value-for-money products.

Key Findings of the Study

• The Global Confectionery Ingredients Market is expected to reach USD 127.37 Billion by 2030, at a CAGR of 6.7% during the forecast period.


• The North American region, including the United States and Canada, has a mature confectionery market. Consumers here often seek a balance between traditional favorites and healthier or premium options. There's a growing demand for clean label and natural ingredients.


• Based on application, the market has been segmented into Chocolate Confectionery holding the largest market in 2022.


• Cargill Incorporated, Archer Daniels Midland Company, DuPont, Kerry Group Plc, Arla Foods, Tate & Lyle PLC, Olam International, Barry Callebaut, Ingredion Incorporated, and Koninklijke DSM N.V.