openPR Logo
Press release

Confectionery Market Demand and Growth Outlook 2025

08-29-2018 01:26 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

The confectionery market is a steadily growing market with rising sales in emerging economies. Confectionery products are typically low in nutrients and high in calorie content. Increasing incidence of lifestyle diseases such as diabetes, hypertension, and heart diseases coupled with rising health awareness has given rise to new product segments such as sugar-free confectionary products. Rise in demand for sugar-free, low-calorie, and organic products is projected to boost growth of the market. Sugar substitutes such as sorbitol, mannitol, maltitol and lactitol among others are used in confectionery. Chocoladefabriken Lindt & Sprüngli A.G. and The Hershey Company are some of the players offering sugar free chocolates, mints, toffees, candies, and jellies.

Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/1444

The biggest restraint to the confectionery market is the rise in raw material costs. For example, cocoa prices have been fluctuating over the past few years due to erratic production and supply demand imbalance. According to the International Cocoa Organization (ICCO), prices have fluctuated between US$ 2000/ton and US$ 3000/ton since 2014. The ICCO recommends that producers either reduce the volume of chocolate products or raise prices to achieve profitability in such market conditions.

On the basis of product type, chocolate confectionery is expected to be the dominant segment over the forecast period. According to Coherent Market Insights, the global chocolate market was valued at US$ 99.60 billion in 2016 and is expected to grow at a CAGR of 6.6% over the forecast period.

On the basis of distribution channel, hypermarkets and supermarkets are projected to be the two largest segments over the forecast period. A broad product display and tactile buying experience has retained the market dominance of offline stores. Moreover, food & beverages sales, which are inclusive of confectionery have not witnessed much growth in the online distribution channel segment due to issues such as customers being unable to gauge product quality and freshness.

Global Confectionery Market Outlook:

North America is the largest confectionery market region with the U.S. being a prominent consumer of confectionery products. One of the major drivers for this market is the seasonal demand for confectioneries. There is a high demand for candies and chocolates, as they are a vital part of the U.S. festivals. The consumption of chocolate and other confectionery treats is associated with many events and holidays throughout the year such as Valentine's Day, Halloween, Easter, Thanksgiving, and Christmas. The sales of confectionery products in the U.S. are observed to be high during such festivals. Also, the urban population is more inclined towards consumption of confectionery compared to its rural counterparts. According to the U.S. Census Bureau, over 80% of the population resided in urban settings in 2017. According to UN sources, 82.3% of the population is urban in Canada. These factors are expected to contribute to the market growth in the region. Furthermore, artisanal chocolates, which are manufactured by local manufacturers are in high demand due to perception of ethical sourcing of ingredients and healthier alternative to products from major market players.

Europe is also among the leading consumers and producers of confectionery products. In Switzerland, sales of premium chocolate continued to rise in 2017. Swiss consumers were more inclined towards high quality confectionery products, which incorporate organic, fair-trade chocolate and/or chocolate with a high cocoa content. Leading players such as Chocolat Bernrain A.G. and Max Felchlin A.G are offering organic chocolates in the market. In 2016, the total quantity of Swiss chocolate sold in the domestic and international market increased by 2.3% to 185,639 tons from the previous year. According to Coherent Market Insights, chocolate confectionery segment was the largest segment in France in 2017. In 2016, a thriving tourism industry, which hosted over 80 million tourists according to French government sources coupled with high local demand is expected to further bolster the market for chocolate confectionery in the country. Market players operating in France such as Chocoladefabriken Lindt & Sprüngli AG (Lindt), Nestle S.A., and Mondelez International have reaped the benefits of the tourism industry. Lindt reported a sales growth of 4.8% in 2017 over the previous year and plans to invest US$ 32.3 to expand manufacturing of chocolates in Switzerland.
Get More Infromation @ https://www.coherentmarketinsights.com/ongoing-insight/confectionery-market-1444

The crucial strategies adopted by the market players include acquisitions, mergers, new product developments, capacity expansions, and flavor differentiation that helps to capture market share. In 2017, Hershey’s acquired Amplify Snack Brands to create a broader portfolio of brands by merging Hershey’s snack mix and meat snacks products with Amplify’s products such as Skinny Pop, Tyrrells, Oatmega, and Paqui.

Leading players in the market include Nestlé S.A., Mars Inc., Ferrero Group, Meiji Co. Ltd, Candyrific, Elmer Chocolate, Mondelez International, Grupo Arcor, and The Hershey Company.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Confectionery Market Demand and Growth Outlook 2025 here

News-ID: 1209354 • Views: 273

More Releases from Coherent Market Insights

Medical Holography Market - Detailed Analysis of Current and Future Industry Fig …
Global Medical Holography Market Insights, Forecast to 2027 is latest research study re-leased by CMI evaluating the market, highlighting opportunities, risk side analysis, and lever-aged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Medical Holography Market. Some of the key players profiled in the study are HoloTech Switzerland AG, RealView Imaging
Video Telemedicine Market - Detailed Analysis of Current and Future Industry Fig …
Global Video Telemedicine Market Insights, Forecast to 2027 is latest research study re-leased by CMI evaluating the market, highlighting opportunities, risk side analysis, and lever-aged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Video Telemedicine Market. Some of the key players profiled in the study are Huawei technologies Co.  Ltd., Polycom
Clinical Data Management Market - Detailed Analysis of Current and Future Indust …
Global Clinical Data Management Market Insights, Forecast to 2027 is latest research study re-leased by CMI evaluating the market, highlighting opportunities, risk side analysis, and lever-aged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Clinical Data Management Market. Some of the key players profiled in the study are OmniComm Systems, Oracle
Computer Aided Detection Market - Detailed Analysis of Current and Future Indust …
Global Computer Aided Detection Market Insights, Forecast to 2027 is latest research study re-leased by CMI evaluating the market, highlighting opportunities, risk side analysis, and lever-aged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Computer Aided Detection Market. Some of the key players profiled in the study are GE Healthcare, Philips

All 5 Releases


More Releases for Lindt

Chocolate Candy Market to Witness Huge Growth by 2026 | Mars, Ferrero, Hershey, …
COVID-19 Outbreak-Global Chocolate Candy Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the COVID-19 Outbreak-Global Chocolate Candy Market. Some of the key players profiled
Sugar-Free Chocolate Market to See Huge Growth by 2026 | Hershey, Godiva Chocola …
A new market study is released on Global Sugar-Free Chocolate Market with data Tables for historical and forecast years represented with Chats & Graphs spread through 114 Pages with easy to understand detailed analysis. The study highlights detailed assessment of the Market and display market sizing trend by revenue & volume (if applicable), current growth factors, expert opinions, facts, and industry validated market development data. The research study provides estimates
White Chocolate Market 2017-2025 | The Hershey Company, Ghirardelli Chocolate Co …
Global White Chocolate Market: Snapshot The market for white chocolate is expanding as a result of its application wherever this lighter derivative is more useful than those siblings that contain cocoa solids. Considered among the most fragile forms of chocolate that requires close attention while heating and its deliciousness and authenticity, the demand for white chocolate is anticipated to expand consistently in the near future. Get Brochure of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=3266 The
Chocolate Global Market 2018: Key Players – Nestle, Lindt & Sprungli, Hershey, …
Chocolate Industry Description Wiseguyreports.Com Adds “Chocolate -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2024” To Its Research Database Chocolate is a type of food made from roasted or ground cacao seeds which can be consumed in the form of blocks, paste or as an ingredient or flouring agent in other foods. It is typically a sweet food, but may be mildly or very bitter depending on the variety
Premium Chocolate Market Is Booming Worldwide | Chocoladefabriken Lindt & Sprngl …
Global Premium Chocolate Market 2018-2022 is latest research study released by HTF MI evaluating the market status, highlighting opportunities, risk analysis, and leveraged with strategic decision-making support. The market Study is putting a lot of emphasis on regulatory issues, macro-economic influencing factors, key market trends and growth drivers that are changing the market dynamics of Global Premium Chocolate market. HTF analysts forecast the global premium chocolate market to grow at
Milk Chocolates Market Is Booming | Mondelez, Blommer, Lindt, Godiva
HTF MI recently introduced Global Milk Chocolates Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Ferrero, Ezaki Glico, Nestle, Mars, Mondelez, Blommer, Lindt, Godiva, Barry Callebaut,