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. A considerable rise in the consumption of bakery and confectionery items has been the primary factor influencing the growth of the market.

The escalating demand for sugar-free products owing to growing health awareness among consumers has forced the confectionery manufacturers to explore the confectionery ingredients which has supported the growth of confectionery ingredients market.

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Competitive 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).

Market Segmentation:

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.

Regional Analysis

The global confectionery market spans across the regions of North America, Europe, Asia Pacific, and the Rest of the World (RoW). Europe is recorded for generating maximum demand for confectionery ingredients. The growth of the market is supported by substantial investment in R&D activities and technological advancements.

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Industry Updates

In August 2018, DuPont Nutrition & Health developed a novel naturally sourced monoglyceride emulsifier which comes in a new beaded format of DIMODAN HP 90-M. The new product can deliver the same functionalities as conventional emulsifiers and can be used for various applications including margarine, non-dairy creamers, whipping gels and many more.

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