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The confectionery ingredients market has shown robust growth, increasing from $77.09 billion in 2023 to $82.36 billion in 2024, with a compound annual growth rate (CAGR) of 6.8%. This growth is attributed to factors such as globalization of taste, expansion of retail channels, and consumer desire for novelty and specialty products. Looking ahead, the market is expected to continue its strong growth, reaching $107.31 billion by 2028, with a CAGR of 6.8%.

Key Driver: Rising Demand for New and Unique Flavors

The increasing demand for new and unique flavors is expected to drive the growth of the confectionery ingredients market. Consumers’ interest in novel taste experiences encourages product innovation and the introduction of diverse flavor profiles. This trend fosters culinary exploration and competitiveness among brands, ultimately expanding the market as consumers seek exciting and distinctive flavor options in their confectionery products.

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Emerging Trend: Organic Products

Major companies in the confectionery ingredients market are launching organic products to meet consumer demand for healthier and more sustainable options. For example, Lactalis Ingredients introduced Organic Whole Milk Powder sourced from French dairy farms adhering to strict organic specifications. This trend towards organic products is transforming the confectionery ingredients market, with consumers increasingly seeking organic and natural ingredients in their food choices.

Recent Acquisition Driving Growth

In July 2021, Orkla Food Ingredients acquired Hans Kaspar, a Swiss confectionery ingredients manufacturer, to strengthen its position in the confectionery and ice cream ingredients segment. This strategic acquisition highlights the growing importance of acquisitions and partnerships in the confectionery ingredients market as companies seek to expand their product portfolios and reach new markets.

Market Segmentation and Regional Insights

The confectionery ingredients market is segmented by type, source, form, and application. Europe was the largest region in the confectionery ingredients market in 2023, driven by factors such as the expansion of retail channels and consumer demand for innovative products. Asia-Pacific is expected to be the fastest-growing region in the forecast period, driven by factors such as the rise in disposable income and changing consumer preferences.

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The Confectionery Ingredients Global Market Report 2024  provides an overview of the confectionery ingredients market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The confectionery ingredients market forecast analyzes confectionery ingredients market size, confectionery ingredients market share, leading competitor and their market positions.

The Table Of Content For The Confectionery Ingredients Market Include:

1. Confectionery Ingredients Market Executive Summary
2. Confectionery Ingredients Market Segments
3. Confectionery Ingredients Market Size And Confectionery Ingredients Market Growth Rate
4. Key Confectionery Ingredients Market Trends
5. Major Confectionery Ingredients Market Drivers
……
25. Key Mergers And Acquisitions In The Confectionery Ingredients Market
26. Top Confectionery Ingredients Companies
27. Confectionery Ingredients Market Opportunities And Strategies
28. Confectionery Ingredients Market, Conclusions And Recommendations
29. Appendix

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