Global Confectionery Market to Witness a Pronounce Growth During 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Confectionery market.

Confectionery refers to a large rang of food items that mainly contain or wrapped by chocolate, sugar and some fillings like sweeteners, texturizers, emulsifiers etc.

First, the confectionery industry concentration is not high; there are more than ten hundreds manufacturers in the world, and high-end products mainly from the United States and the Western European countries. In the world wide, the giants mainly distribute in the United States and Europe. The United States and Europe have a long history and unshakable status in this industry, like Mars and Hershey, both have perfect products. As to Switzerland, the Nestle has become a global leader. In Germany, it is Haribo that leads the technology development. In China, the manufactures focus in Jiangsu, Shandong and Zhejiang province, and the high-end market is dominated by Mars, Perfetti, Hershey, Cadbury and Nestle etc.

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Global Confectionery Market: Forecast by Type / Application / Region

Second, many companies have several plants, usually close to the aimed consumption market. The giants set up their factories all over the world for expanding market. These giants strengthen themselves through merger and acquisition through the world.

Third, all manufactures are committed to the improvement of product. These two years, some Chinese manufactures can almost catch up with the world's leading technology too.

Fourth, the import and export percent of this industry is not high. Because many international manufactures expand their business through building factories or investments overseas.

Fifth, this industry is affected by the people's income level and consuming preference, with the global economic recovery, more and more people pay attention to enhance the quality of life, especially in underdevelopment regions where have a large population and fast economic growth, the need of confectionery will increase.

Sixth, we tend to believe this industry now is very mature and competitive, the consumption increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

Over the next five years, LPI(LP Information) projects that Confectionery will register a 4.1% CAGR in terms of revenue, reach US$ 18300 million by 2023, from US$ 15000 million in 2017.

Global Confectionery Market: Key Players
Mars(US)
Mondelez International(US)
Nestle(CH)
Meiji Holdings(JP)
Ferrero Group(IT)
Hershey Foods(US)
Arcor(AR)
Perfetti Van Melle(NL)
Haribo(DE)
Lindt & Sprüngli(CH)
Barry Callebaut(CH)
Yildiz Holding(TR)
August Storck(DE)
General Mills(US)
Orion Confectionery(KR)
Uniconf(RU)
Lotte Confectionery(KR)
Bourbon Corp(JP)
Crown Confectionery(KR)
Roshen Confectionery(UA)
Ferrara Candy(US)
Orkla ASA(NO)
Raisio Group(FI)
Morinaga(JP)
Cemoi(FR)
Jelly Belly(US)
Cloetta(NL)
Ritter Sport(DE)
Petra Foods(SG)
Amul(IN)

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Related Information:
United States Confectionery Market Research Report 2018
Europe Confectionery Market Research Report 2018
North America Confectionery Market Research Report 2018
Asia-Pacific Confectionery Market Research Report 2018
China Confectionery Market Research Report 2018
EMEA Confectionery Market Research Report 2018
Global Confectionery Market Research Report 2018

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