Confectionery Market Is Growing Rapidly 2019: Top Players Nestlé S.A., Mars Inc., Ferrero Group, Meiji Co. Ltd, Candyrific, Elmer Chocolate, Mondelez International, Grupo Arcor, and The Hershey Company

Global Confectionery Market Report that covers exclusive and analytical data through the span of seven years between 2018-2026. This report is exclusive and encompasses in-depth analysis and industry insights on Global Confectionery Market. What you will get by reading the report is not just charts, bars, analytical data but also a better understanding of the market which will in turn help you make decisions in the better interest of your organisation.

Request to Get the PDF Sample of the Report: https://www.coherentmarketinsights.com/insight/request-pdf/1444

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.

Key Developments:

In Oct’ 2019, an American Licorice Company has partnered with a Cambodian confectionery manufacturer - Aprati Foods, to develop a line of coffee and fruit-flavored hard candies in the US market. This non-GMO candies will be sold online under two names – Mocati (offers caramel macchiato, espresso and mocha mint) and Frutati (offers dual fruit flavors including blueberry yuzu, green apple mango, and pineapple passionfruit).
In Sep’ 2019, the U.K.-based luxury department store chain Harvey Nichols, has added new confectionery range to its own label range. The new range offers mints, boiled sweets, fudge, jellies, toffies and brittles.

In August 2019, the alcoholic cocktail gummy manufacturer, Smith & Sinclair has announced to launch its products in Germany, France, Spain, and Italy and in the US following its strategy to expand globally.

In April 2018, The Hershey Company, one of the largest chocolate company in the world, is planning to invest approximately US$ 500 Mn over 2030 to grow its Cocoa for Good program, which is primarily focusing on refining sustainable practices in the production of cocoa.

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.

Request Customization Of Research Report: https://www.coherentmarketinsights.com/insight/request-customization/1444

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.

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

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.

This release was published on openPR.