The global confectionery ingredients market is expected to reach $109.48 billion by 2025, according to a report by Albany, N.Y.-based research firm Transparency Market Research.
The report says the sector — which includes chocolate and cocoa, sugar, dairy ingredients, emulsifiers and sweeteners — is projected to see a compound annual growth rate of 4.2 percent over the next eight years from $76.25 billion in 2016.