Confectionary Ingredients Market - Forecast(2022 - 2027)

Confectionary Ingredients Market size was estimated at $73.6 billion in 2020, projected to grow at a CAGR of 6.3% during the forecast period 2021-2026. Confectionary Ingredients industry has witnessed huge demand owing to the increasing demand for ready-to-eat food in the market. Confectionery ingredients are the ingredients used in making confectionery items like hard candies, chocolates, cookies, and chewing gum. Cocoa powder, dairy ingredients, emulsifiers, stabilizers and thickeners (EST), malts, oils & shortenings, sweeteners, starch & derivatives, and flavors are among the most popular confectionery ingredients. Moreover, in order to improve the texture, mouthfeel and stability of the product hydrocolloids are used as the gelling agent, thickening agent and stabilizers in confectionery. Increased demand for sugar-free products as a result of rising consumer health consciousness has compelled confectionery manufacturers to research and develop new confectionery ingredients, which has aided the global confectionery ingredients industry's development. Furthermore, the increasing preference for natural ingredients among confectionery manufacturers has provided an advantageous demand for confectionery ingredient suppliers. Continuous R&D and advances in confectionery ingredients are driving forces behind the global market's expansion.

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Confectionary Ingredients Market Report Coverage

The report: “Confectionary Ingredients Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Confectionary Ingredients Market.

By Product Type: Cocoa powder & Chocolate, Hydrocolloids, Dairy Ingredients, Malts, Emulsifiers, Sweeteners, Starches & Derivatives, Flavors, Oils & Shortenings and Others

By Source: Natural, Synthetic

By Form: Dry, Liquid

By Application:  Sugar Confectionery, Chocolate, Gum, Others

By Geography: North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia & New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina and Rest of South America), and Rest of the World (Middle East and Africa)


Key Takeaways

  • The increasing demand for sugar free products, ready-to-eat products are driving the confectionery Ingredients Market.

  • The demand for items such as bread, cake, and biscuits is rising rapidly, and the confectionery ingredients market is expected to rise as a result.

  • However, regulations for the use of confectionery products in order to maintain international quality standards, volatile cocoa costs, and uncertainty about use due to health concerns are all holding the industry back.

  • According to the Ministry of Foreign Affairs, the European chocolate demand has altered in first half of 2020 owing to the COVID-19 that has disrupted the cocoa value chain.


Confectionary Ingredients Market Segment Analysis – By Product Type:

Based on Product Type, Confectionary Ingredients Market is segmented into Cocoa powder & Chocolate, Hydrocolloids, Dairy Ingredients, Malts, Emulsifiers, Sweeteners, Starches & Derivatives, Flavoring ingredients, Oils & Shortenings and Others. Cocoa powder & Chocolate segment is accounted for the largest revenue market share in 2020. This is majorly attributed to its diverse applications, not just on confectionary but also in baking, food processing and food technology. Moreover, the antioxidant property of cocoa helps in control cholesterol and sugar levels. As cocoa is rich in polyphenols, it helps in improving blood pressure, minimizing the risk of heart strokes and therefore appeal to customers who prefer wholesome foods. Sweeteners predicted to grow with the fastest CAGR of 6.9% in the forecast period 2021-2026. Sweeteners are food additives used to enhance the flavor of a number of foods. Many natural sweeteners add to the benefit of sugar. Aware calorie consumers tend to eat without weight loss, as they add sweetness without adding a lot of extra calories. Almost no calories are present in many of these. The use of sugar alternatives helps to avoid tooth decay instead of sugar. In people with diabetes, they can also help to regulate blood sugar.


oduct launches, joint ventures, mergers and acquisitions, and geographical expansions are key strategies adopted by players in the Confectionary Ingredients Market. Confectionary Ingredients Market top 10 companies are Arla Foods, Cargill, Inc., Archer Daniels Midland Company, Olam International, Ingredion Inc., E.I. du Pont de Nemours and Co, Kerry Group plc, Barry Callebaut, Tate & Lyle plc, Koninklijke DSM N.V.

Acquisitions/Product Launches:

  • In November 2019, Olam International has acquired Dangote Flour Mills Plc, a pasta manufacturing company. This has aided in the growing demand for chemical-free and organic goods among consumers
  • In January 2019, Barry Callebaut, one of the world’s leading manufacturer of the high quality cocoa products has acquired Inforum, one of the leading Russian B2B manufacturer of chocolate, fillings, compound coatings.

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