According to the report North America Confectionery Ingredients Industry has been estimated at USD 15.53 Billion in 2016 and is projected to reach USD 20.3 Billion by 2021, at a CAGR of 5.51% during the forecast period from 2016 to 2021.
Confectionery items include products such as chocolate and non-chocolate candy, and other sweet products such as desserts, jams, jellies, and preserves. They are sold through superIndustrys, grocery stores, mass merchandisers and gourmet/specialty stores.
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The Industry for Confectionery ingredients in North America is mainly driven due to rising disposable income, growing retail Industry, increasing trend of gifting confectionery items, and increasing urbanization and hectic lifestyles.
But, the Industry growth can be constrained due to Substitution for other snacks, and negative health perceptions.
North America Industry for Confectionery Ingredients is segmented based on type, form, source and application. By type, the Industry 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 Industry is further sub-segmented into Dry and Liquid. By source, the Industry is further sub-segmented into Synthetic and Natural.
By application, the Industry 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 Industry is growing at the highest CAGR.
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Geographically, North America Industry for Confectionery Ingredients is segmented U.S. and Canada. North America is the second largest contributor to global confectionery ingredients Industry, in terms of Industry share.
Due to high R&D programs, and advancements in food technology, many companies are interested to expand their Industry base in this region.
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 North America Confectionery Ingredients Industry.
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Key Points from Table of Contents
- Executive Summary
- Key Inferences
- New Developments
Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
North America Confectionery Ingredients Industry: Segmentation
- By type
- o Cocoa & chocolate
- o Dairy ingredients
- o Hydrocolloids
- o Emulsifiers
- o Malts
- o Oils & shortenings
- o Starches & derivatives
- o Sweeteners
- o Flavors
- o Other ingredient type
- By form
- o Dry
- o Liquid
- By source
- o Synthetic
- o Natural
- By applications
- o Chocolate
- o Sugar confectionery
- o Gums
- o Other confectionery ingredient applications
- United States
- PESTLE analysis
- Porter’s Five analysis
Industry Leaders' Analysis
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