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Key Players in the Confectionery Ingredients Market Focus on Partnerships, Agreements, & Collaborations, Acquisitions, New Product launches, and Expansions
The confectionery ingredients market is highly diversified, fragmented and competitive with leading players such as Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Olam International (Singapore), Barry Callebaut (Switzerland), E. I. du Pont de Nemours and Company (U.S.), Koninklijke DSM N.V. (Netherlands), Kerry Group plc (Ireland), Arla Foods (Denmark), Tate & Lyle PLC (U.K.), Ingredion Incorporated (U.S.), and AarhusKarlshamn (Sweden). The confectionery ingredients market is projected to reach USD 76.81 billion by 2021, at a CAGR of 6.2% from 2016 to 2021. The key driving factors of the confectionery ingredients market include changing consumer lifestyles, health benefits of chocolates, R&D & product innovations, and the promising growth for sugar-free, fat-free, zero trans-fat, natural and organic products.
Key strategies such as expansions & investments, collaborations, agreements, joint ventures & partnerships, new product developments, and acquisitions have been adopted by the key players. Leading players actively invested in R&D activities to offer a diversified product portfolios, focus on competitive reach in the confectionery ingredients market, and make use of opportunities to increase their geographical footprint and also improve their distribution network through the means of vertical integration.
Cargill, Incorporated (U.S.)
Cargill, Incorporated is a manufacturer of food, agricultural, financial, industrial products and services. Its key business segments include specialty food ingredients & applications and bulk ingredients. The company has subsidiaries in 65 countries serving diversified markets, which helps to minimize risk and dependency on any particular business. Its R&D centers are located in Europe and North America; and it provides services in Africa, Europe, Asia, Latin America, North America, and the Middle East, which enables it to have a significant global presence. The strong R&D capabilities provide it with a strategic advantage over its competitors. The primary R&D facility of Cargill–Food Innovation Center– is located in North America, and is characterized with technical expertise. The company also invests in its innovation centers located in Europe, Asia, and Latin America. It acquired the cocoa and chocolate business from Archer Midlands Daniel Company (U.S.) in 2014, which would help the company to cater to its consumers demand in North America and Europe and also strengthen its chocolate ingredient portfolio to cater to the confectionery market.
Barry Callebaut (Switzerland)
Barry Callebaut is the global leader in chocolate & cocoa innovations and provides a comprehensive range of services in the fields of product development, processing, training, and marketing. It continues to grow through geographic expansions to strategic growth markets, outsourcing contracts, innovation, and acquisitions.
It is investing heavily on the acquisitions and expansions, which shows that the company focuses on strengthening its presence in the global market. It has also relied on new product developments and launches, for instance, in November 2015, it launched HORIZON sustainable cocoa & chocolate products, which aimed to improve cocoa farmer livelihood through increased productivity and community development. The company’s innovation centers have a competitive edge by developing new products, which set the trends in the market.
Confectionery Ingredients Market by Type (Cocoa & Chocolate, Dairy Ingredients, Hydrocolloids, Emulsifiers, Malts, Oils & Shortenings, Starches & Derivatives, Flavors), Application (Chocolate, Sugar Confectionery, Gums), Form - Global Forecast to 2021
Markets and Markets
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