Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Confectionery Ingredients Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Confectionery Ingredients Market Grow Between 2024 and 2025?
The market size of confectionery ingredients has seen robust growth in recent years. It is projected to increase from $82.36 billion in 2024 to $87.3 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%.
How Much Will the Confectionery Ingredients Market Be Worth in 2029?
The Confectionery Ingredients Global Market is projected to reach a size of $113.26 billion in the year 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.7%.
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Which Confectionery Ingredients Market Drivers Are Linked to Revenue Growth?
The key drivers in the confectionery ingredients market are:
• Innovations in packaging within the confectionery sector
• Growing focus on health and wellness as well as reduced sugar and alternatives
• Expansion of premium and artisanal segments in the confectionery market
• Globalization of flavor profiles and growing preference for clean label products
Which Segments Are Expected to Grow in the Confectionery Ingredients Market?
The confectionery ingredientsmarket covered in this report is segmented –
1) By Type: Dairy Ingredients, Cocoa And Chocolate, Emulsifiers, Sweeteners, Oil And Shortening, Flavoring Ingredients, Other Types
2) By Source: Natural, Synthetic
3) By Form: Dry Form, Liquid Form
4) By Application: Chocolate Confectionery, Sugar Confectionery, Chewing Gums, Other Applications
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What Are The Key Trends Impacting Growth In The Global Confectionery Ingredients Market?
The key trends in the confectionery ingredients market are:
• Future growth in the confectionery ingredients market is set to be driven by innovation in product formulations.
• Technological advancements in processing are a key emerging trend.
• Digitalization in marketing is set to shape the future of the market.
• Customization and personalization, along with innovative flavors and combinations, are becoming more significant.
Who Are the Key Competitors in the Global Confectionery Ingredients Market?
Major players in the confectionery ingredients market are:
• Cargill Incorporated
• Archer Daniels Midland Company
• DuPont de Nemours Inc.
• Kerry Group PLC
• Arla Foods amba
• Tate & Lyle PLC
• Olam International Ltd.
• Barry Callebaut AG
• Ingredion Incorporated
• Koninklijke DSM NV
• AAK AB
• Döhler GmbH
• Brisan Group
• Tereos Starch & Sweeteners SAS
• Mars Incorporated
• Mondelez International Inc.
• The Hershey Company
• Nestlé SA
• Ferrero SpA
• Chocoladefabriken Lindt & Sprüngli AG
• Perfetti Van Melle SpA
• Haribo GmbH & Co. KG
• The Kraft Heinz Company
• General Mills Inc.
• The Kellogg Company
• Mars Wrigley Confectionery US LLC
• Ferrara Candy Company
• Jelly Belly Candy Company
• FrieslandCampina Kievit BV
• Symrise AG
• Givaudan SA
Where Is the Confectionery Ingredients Market Growing Fastest Between 2025 and 2029?
Europe was the largest region in the confectionery ingredients market in 2024
