North America Confectionery Ingredients Market is poised to reach USD 20.3 Billion by 2021

According to the report North America Confectionery Ingredients Market, published by Market Data Forecast, The market 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 supermarkets, grocery stores, mass merchandisers and gourmet/specialty stores.

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The market for Confectionery ingredients in North America is mainly driven due to rising disposable income, growing retail market, increasing trend of gifting confectionery items, and increasing urbanization and hectic lifestyles. But, the market growth can be constrained due to Substitution for other snacks, and negative health perceptions.

North America Confectionery Ingredients Market: Segmentation

By type                      

  • Cocoa & chocolate
  • Dairy ingredients
  • Hydrocolloids
  • Emulsifiers
  • Malts
  • Oils & shortenings
  • Starches & derivatives
  • Sweeteners
  • Flavors
  • Other ingredient type
    • Food color additives & flavors
    • Functional systems
    • Fruits & vegetables

By form                     

  • Dry
  • Liquid

By source                  

  • Synthetic
  • Natural

By applications                       

  • Chocolate
  • Sugar confectionery
  • Gums
  • Other confectionery ingredient applications
    • Fillings
    • Coatings
    • Caramel
    • Aerated confectionery
    • Spreads
    • Cereal bars

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Geographically, North America market for Confectionery Ingredients is segmented U.S. and Canada. North America is the second largest contributor to global confectionery ingredients market, in terms of market share. Due to high R&D programs, and advancements in food technology, many companies are interested to expand their market 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 market.

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Reasons to buy North America Confectionery Ingredients Market Report:

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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