FoodIngredients in Focus: Sweet tooths spur better-for-you candy

Ingredients in Focus: Sweet tooths spur better-for-you candy

-

spot_img

[ad_1]

This audio is auto-generated. Please let us know if you have feedback.

Ingredients in Focus is Food Dive’s bite-size column highlighting interesting developments in the ingredients sector.

The confectionery ingredients market is expected to grow at a compound annual growth rate of 6.8%, rising from $82.4 billion in 2024 to $107.3 in 2028, according to a report from the Business Research Company.

The growth in the forecast period can be attributed to packaging innovations, focus on health and wellness, reduced sugar and sugar alternatives, expansion of premium segments, globalization of flavor profiles, and clean label preferences, the report said.  

With more innovative product formulations on the market, more consumers are reaching for baked goods and sweets. 

“The increasing demand for gourmet products and changing food habits are leading to a rise in confectionery products,” the report said. 

Technological advancements in food processing and innovative flavors and combinations have also had a major stake in changing the market. 

Although legacy brand names like M&Ms, Hershey, Reese’s, Twizzlers and Jolly Rancher still dominate much of the market, the “better-for-you” chocolate and sweets brands attract consumers who usually would stray away from the category altogether. 

Skinnydipped, Harken Sweets, Unreal Foods, barkThins, Tru Fru and SmartSweets were all created with the idea of recreating some childhood favorites cleaner ingredients and minimal processing techniques. 

Multiple recent studies have pointed to consumers becoming hyper-aware of ingredient quality. Experts say the trend is putting smaller, health-focused, niche CPGs that specialize in the better-for-you products, in a position for growth. 

Key players in the market, according to the report, include Cargill, Archer Daniels Midland,, Kerry Group and Tate & Lyle. 

Major companies operating in the confectionery ingredients market are launching organic products such as organic whole milk powder to gain a competitive edge in the market. 

Milk powders are primarily used as an ingredient in candies, especially chocolates.

[ad_2]

Source link

Latest news

What No One Tells You About Owning a Silicone Doll

The decision to bring a high-end silicone doll into your life is often born from a place of deep...

From Paper to Planning: How a Phase 1 Desk Study Guides Your Project

When embarking on a construction or development project, success doesn’t start with breaking ground—it begins with knowledge. Understanding the...

How the LiveGood Tour Can Transform Your Future

We all dream of a better future — more time with family, financial freedom, improved health, and the ability...

How to Spot Authentic Collector’s DVDs of Horror Movies

Collectors of horror films know the thrill of discovering rare and authentic editions of their favorite classics. Beyond simply...
spot_img

Shop Affordable Loader for Sale – Great Prices on Equipment

When it comes to heavy equipment, affordability is often just as important as performance. For many contractors, farmers, or...

The Hidden Costs of Hiring an Email Marketing Company: What to Expect

When businesses think about scaling their marketing, hiring an email marketing company often sounds like a perfect solution. After...

Must read

What No One Tells You About Owning a Silicone Doll

The decision to bring a high-end silicone doll into...

From Paper to Planning: How a Phase 1 Desk Study Guides Your Project

When embarking on a construction or development project, success...
spot_img

You might also likeRELATED
Recommended to you