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Confectionery Ingredients Market
consumer awareness about health benefits of chocolates is expected to strengthen the confectionery ingredients market in future. In addition, growth in the natural ingredients demands also propels the global confectionery ingredients market growth. Changing eating habits and gifting chocolates on the celebrations drive the global market growth.
Global Confectionery Ingredients Market: Segmentation The global confectionery ingredients market is classified based on applications as gums, chocolate, sugar confectionery, and others. Of these, the chocolate segment is the dominating in the global market. Based on types, the global confectionery ingredients market is categorized as sweeteners, dairy ingredients, oils & shortenings, hydrocolloids, starches & derivatives, flavors, emulsifiers, cocoa & chocolate, malts, and others. On the basis of form, the global market is divided as dry and liquid. Furthermore, the global confectionery ingredients market is fragmented as natural and synthetic.
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Global Confectionery Ingredients Market: Regional Analysis Geographically, the global confectionery ingredients market is segregated as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe accounted for the largest market share owing to increasing demand for confectionery ingredients. Asia Pacific is another region, which is growing at a faster rate due to increasing disposable income of the people. In addition, emerging economies such as China and India are gaining popularity for confectionery ingredients as growing urban population and changing lifestyle. The abundance of human capital and evolving consumer eating habits in North America contributed to the largest market share.