Europe Confectionery Ingredients Market is estimated reach USD 25.12 Billion by 2021 | Market Data Forecast
The Europe Confectionery Ingredients market has
been estimated at USD 18.98 Billion in 2016 and is projected to reach USD 25.12
Billion by 2021, at a CAGR of 5.77% during the forecast period from 2016 to
2021. Confectionery is a broad category of food products which includes
everything from chocolate snacks, desserts, jams, preserves, candies to cakes
and pastries. They are sold through several retail chains like supermarkets,
hypermarkets, gourmet stores and grocery stores.
Browse market data tables and
in-depth TOC of the Europe Confectionery Ingredients Market to 2021 @ http://www.marketdataforecast.com/market-reports/europe-confectionery-ingredients-market-1003/
The market for confectionery ingredients in
Europe is mainly driven due to increasing demand for confectionery ingredients
in diverse industries including chocolate, sugar confectionery, gums, and other
industries, along with increasing demand for natural ingredients due to
increasing consumer awareness. But, the market growth can be constrained due to
availability of other snack products, which are much healthier.
Europe market for Confectionery Ingredients is
segmented based on type, form, source and application. By type, the market is
further sub-segmented into Cocoa & chocolate, Dairy ingredients,
Hydrocolloids, Emulsifiers, Malts, Oils & shortenings, Starches &
derivatives, Sweeteners, Flavors, Others (food color additives & flavors,
functional systems, fruits & vegetables). By form, the market is further
sub-segmented into Dry and Liquid. By source, the market is further
sub-segmented into Synthetic and Natural. By application, the market is further
sub-segmented into Chocolate, Sugar confectionery, Gum, Others (fillings,
coatings, caramel, aerated confectionery, spreads, and cereal bars). Cocoa
& chocolate is the most widely used type of confectionery ingredients.
Sugar confectionery application of the confectionery ingredients market is
growing at the highest CAGR.
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Geographically, Europe market for Confectionery
Ingredients is segmented into U.K., Germany, Spain, France and Italy. Europe is
the biggest market for confectionery ingredients in the global market, in terms
of market share. Highly propelling R&D works, coupled with ever increasing
demand for confectionery products is helping major manufacturers to penetrate
in this region and expand their market base.
Barry Callebaut, Olam International , Cargill,
Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, and E. I.
du Pont de Nemours and Company, Koninklijke DSM N.V., Kerry Group plc , Arla
Foods, Tate & Lyle PLC, are the
major players of Europe Confectionery Ingredients market.
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