openPR Logo
Press release

Confectionery Market Analysis 2020 (By Segment, Key Players and Applications) And Forecasts to 2026

08-26-2020 12:02 PM CET | Health & Medicine

Press release from: WISEGUY RESEARCH CONSULTANTS PVT LTD

Global Confectionery Industry

New Study Reports “Confectionery Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports.

Global Confectionery Market - Overview:
Confectionery is the group of food products that are made with sugar or carbohydrates. There is wide collection of confectionery products across the globe and are majorly classified as chocolate confectionery, sugar confectionery, and bakers’ confectionery. Most of the well-known products such as candies, gums, lollipops, and chocolates are included in confectionery. The global confectionery market valued USD 190.5 billion in 2018 and is estimated to reach USD 262.7 billion by 2026, at a CAGR of 4.1% during the forecast period.

Market Dynamics: Drivers, Restraints, Opportunities Challenges:
The health benefits associated with chocolate products is driving the growth of overall confectionery market, specifically dark chocolate. Dark chocolate is considered as a healthy snack owing to its nutrient content and its potential in lowering the risk of heart disease. Epidemiologists across the globe are suggesting consumption of dark and milk chocolate for heart health with clinically proven and study based facts. In a recent study of Harvard Medical School on 21,000 residents of England, it is found that consumption of up to 3.5 ounces of chocolate a day lowered the risk of heart disease in adults. Furthermore, innovations in the market in terms of flavor and nutritional content is driving the market growth. Global confectionery manufacturers are focusing on development of confectionery products with flavors such as coffee, fruits, cinnamon, and different ingredients. For instance, in February 2019, Nestlé S.A. launched a premium chocolate derived from raspberries and ruby cocoa beans in American market and this confectionery product is estimated to gain significant sales in the valentine season. Companies such as Mars Wrigley Confectionery are likely to mark product innovations catering the burgeoning interest towards nut-butters and mixed fruit flavors.

Try Free Sample of Global Confectionery Market @   https://www.wiseguyreports.com/sample-request/4532875-global-confectionery-market-2019-2026

The rising consciousness among consumers towards sugar intake is the primary factor hindering the growth of confectionery market. Sugar present in confectionery products is considered as a leading cause for diseases such as Obesity and Diabetes. The rising prevalence of obesity and diabetes is limiting the consumer base for confectionery across the globe. The global Diabetes community in U.K. suggests to avoid chocolate consumption in people with blood sugar levels higher than recommended levels. However, this is resulting in an immense growth potential for sugar-free confectionery products. A product labelled sugar-free use sugar substitutes such as saccharin and aspartame or sugar alcohols for sweetening, all without adding calories to the product, thus making them the confectionery of choice for Diabetic and health savvy population. The evolution of sugar-free, low calorie products is a potential opportunity for the confectionery market across the globe.

Global Confectionery Market –Market Segmentation:
Global Confectionery Market By Product Type:
• Sugar Confectionery
• Chocolate Confectionery
• Bakers’ Confectionery
The large market for hard candies across the globe made sugar confectionery as the largest segment of global confectionery market. Sugar confectionery is widely accepted and preferred by population of almost all groups and this segment is likely to hold its dominance on the market over the forecast period. The United States Department of Agriculture in its recent press release stated that millennials and generation X accounted for nearly 50% of the candy sales in U.S. in 2017. However, the growing demand for chocolate products owing to its low-sugar content and health benefits resulted in chocolate confectionery as the fastest growing segment.

Global Confectionery Market By End-use Type:
• Supermarkets and Hypermarkets
• Bakers and Restaurants
• Convenience Stores
• Online Sales Channel

Chocolate confectionery is likely to grow at a lucrative CAGR of over 6.2% during the forecast period. Supermarkets and hypermarkets evolved as the largest sales channel for confectionery products with a share of nearly 40% in terms of sales value in 2018. Bakeries and restaurants, convenience stores, and e-commerce are also holding significant share in the sales of convenience products.

Geographical Landscape:
By geography, the study is segmented into North America, South America, Europe, Asia Pacific, Middle East and Africa. Confectionery is a well-established market since decades in most of the American and European countries. The availability of cocoa and other confectionery ingredients made them the early adopters of sugar and chocolate confectionery products. Europe is the largest confectionery market with a share of over 35% in 2018 and it is estimated to hold its dominance over the forecast period. The large per-capita consumption of chocolate in countries such as Switzerland, the U.K., Sweden, Germany, and Ireland is supporting the growth of confectionery market in Europe. However, Asia Pacific evolved as the fastest growing market for confectionery products owing to the rising consumer spending and growing adoption of confectionery in countries such as India and China. According to India Brand Equity Foundation (IBEF), chocolate sales in India increased from less than $100 million in 2000 to over $1,500 million in 2017.

Competition Landscape
The global confectionery market is highly fragmented with large number of players involved in wide array of confectionery products. However, companies such as Nestlé S.A., Cadbury, Mondelez, and The Hershey Company evolved as market leaders with consumer loyalty and brand reputation. The market turned further competitive by the foot prints of many Asian and Middle East companies entering the market with local confectionery flavors. The companies in the market are leveraging on acquisitions, mergers and new product formulations to increase their market share. For instance, in April 2018, Ferrero SpA, an Italian chocolate and confectionery products manufacturer had acquired the confectionery business of Nestle in U.S., thus boosting its portfolio of confectionery products in North America market. Furthermore, the company also The Ferrara Candy Company, another U.S. based confectionery manufacturer in 2017 for approximately $1.3 billion. These activities witness the interest of the company to boost its presence in the non-chocolate confectionery segment.
Other key players in the market are Delfi Limited, Mars, Incorporated, Lotte Confectionery, Parle Products Pvt. Ltd., and Grupo Arcor.

Key Takeaways from the Report
Ø The chocolate confectionery products market in Western Europe region is well-established with high per-capita consumption. According to DataM analysis, Western Europe is the largest market for chocolate confectionery products, followed by North America and Asia Pacific region
Ø Changing eating preferences and rising trend of gifting confectionery products led to the rise in confectionery market in Asia Pacific region

OUR USP :
- 3+ million market research reports
- 10+ domains covered
- 50+ countries reports
- 1000+ satisfied clients
- 50+ global publishing partners
- 100+ thousand Covid analysis reports
- 1000+ corporate queries addressed every month

If you have any enquiry before buying a copy of this report @ https://www.wiseguyreports.com/enquiry/4532875-global-confectionery-market-2019-2026

 Some points from table of content:

1. Global Confectionery Market -Scope and Methodology
2. Global Confectionery Market -Key Trends and Developments
3. Global Confectionery Market – Executive Summary
4. Global Confectionery Market – Market Dynamics
5. Global Confectionery Market – Industry Analysis
6. Global Confectionery Market – By Product Type
7. Global Confectionery Market – By Distribution Channel
8. Global Confectionery Market – By Region
9. Global Confectionery Market – Competitive Landscape
10. Company Profiles
10.1. Cadbury
10.1.1. Company Overview
10.1.2. Type Portfolio And Description
10.1.3. Key Highlights
10.1.4. Financial Overview
10.2. Nestlé S.A.
10.3. Delfi Limited
10.4. The Hershey Company
10.5. Mars, Incorporated
10.6. Mondelez International, Inc.
10.7. Lotte Confectionery
10.8. Grupo Arcor
10.9. Brookside Foods Ltd.
10.10. Parle Products Pvt. Ltd.
11. Global Confectionery Market – Premium Insights
12. Global Confectionery Market – DataM

Contact Us :
For the Continent specific report
For the Country specific report
For any Chapter of the report
For more Key Players
For free Customisation
For ongoing Offers

For more information or any query mail at sales@wiseguyreports.com

Contact Us:
Norah Trent
+91 841 198 5042
Office No. 528, Amanora Chambers
Pune - 411028
Maharashtra, India

About Us
Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available.

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 Analysis 2020 (By Segment, Key Players and Applications) And Forecasts to 2026 here

News-ID: 2121669 • Views:

More Releases from WISEGUY RESEARCH CONSULTANTS PVT LTD

Assistive and Rehabilitation Robotic Market 2020 : Global Industry Trends And Forecasts Analysis To 2025
Assistive and Rehabilitation Robotic Market 2020 : Global Industry Trends And Fo …
WiseGuyReports.Com Publish a New Market Research Report On –“ Assistive and Rehabilitation Robotic Market 2020 : Global Industry Trends And Forecasts Analysis To 2025”. Assistive and Rehabilitation Robotic Market 2020 Description: - The report predicts the forecast of the Assistive and Rehabilitation Robotic industry after a series of extensive research, and it addresses the recent status of the industry, as well. The latest report discusses every possible outcome of the industry in the
Automotive Throttle Body Assembly 2020 Market - Global Industry Size,Growth,Trends,Analysis,Opportunities, And Forecasts To 2025
Automotive Throttle Body Assembly 2020 Market - Global Industry Size,Growth,Tren …
WiseGuyReports.Com Publish a New Market Research Report On –“ Automotive Throttle Body Assembly 2020 Market - Global Industry Size,Growth,Trends,Analysis,Opportunities, And Forecasts To 2025”. Automotive Throttle Body Assembly Market 2020 Description: - The report predicts the forecast of the Automotive Throttle Body Assembly industry after a series of extensive research, and it addresses the recent status of the industry, as well. The latest report discusses every possible outcome of the industry in the future.
Automotive Diesel Filters Market 2020 : Global Industry Trends And Forecasts Analysis To 2025
Automotive Diesel Filters Market 2020 : Global Industry Trends And Forecasts Ana …
WiseGuyReports.Com Publish a New Market Research Report On –“ Automotive Diesel Filters Market 2020 : Global Industry Trends And Forecasts Analysis To 2025”. Automotive Diesel Filters Market 2020 Description: - The report predicts the forecast of the Automotive Diesel Filters industry after a series of extensive research, and it addresses the recent status of the industry, as well. The latest report discusses every possible outcome of the industry in the future. The overview
Propanol Market 2020 Major Manufacturers Analysis And Industrial Applications Forecasts To 2025
Propanol Market 2020 Major Manufacturers Analysis And Industrial Applications Fo …
WiseGuyReports.Com Publish a New Market Research Report On –“ Propanol Market 2020 Major Manufacturers Analysis And Industrial Applications Forecasts To 2025”. Propanol Market 2020 Description: - The report predicts the forecast of the Propanol industry after a series of extensive research, and it addresses the recent status of the industry, as well. The latest report discusses every possible outcome of the industry in the future. The overview of the report shares some useful

All 5 Releases


More Releases for Confectionery

Organic Chocolate Confectionery Market Research Report: Growth Insights and Key …
Organic Chocolate Confectionery Market is the focal point of DataM Intelligence's latest market research report, offering a comprehensive analysis of this dynamic sector. This in-depth study goes beyond a basic overview, exploring the intricate dynamics that shape the market. By examining regional trends, demand patterns, and potential breakthroughs, DataM Intelligence aims to empower businesses and stakeholders with valuable insights for navigating the evolving landscape. The insights from this report can
Confectionery Market Size, Share, Future Growth, 2032 | Super Confectionery, Fer …
𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 The global confectionery market size was USD 206.97 billion in 2023 and is projected to grow from USD 213.74 billion in 2024 to USD 278.36 billion by 2032 at a CAGR of 3.36% over the 2024-2032 period.Rising health consciousness among consumers will play a key role in augmenting the growth of this market, shares Fortune Business Insights™ in its recent report, titled "Confectionery Market Size, Share & Industry Analysis,
Organic Chocolate Confectionery Industry is Expected to Reach USD 1,510.1 millio …
DataM Intelligence has published a new research report on "Organic Chocolate Confectionery Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status. Get a Free Sample Research PDF
Confectionery Market | The chocolate segment accounted for the highest confectio …
Consumer habits, tastes, and preferences are constantly evolving. This has led to innovation in the field of confectionery that drives the market growth. Manufacturers are increasing their product range by including functional ingredients, organic herbal fillings, tropical fruit, and nut-based & exotic flavors in product formulations to meet changing consumer demands. Furthermore, the trend of gifting confectionery products, such as cookies, chocolates, bakery items, and others, has enabled to propel
Global Chocolate Confectionery Market | Chocolate Confectionery Industry | Choco …
Chocolate confectionery refers to any solid or semi-solid food primarily composed of chocolate or cocoa with/without the addition of fruit or nuts. It includes specific food made by coating & embodying chocolate sugar confectionery, but does not include biscuits cooked, filled & flavored with chocolate or chocolate ice cream/baked chocolate flavored confectionery. According to study, “Global Chocolate Confectionery Market: Market Segments: By Product(Boxed, Countlines, Molded Bars, Seasonal Chocolates, Straight-line and Others);
Sugar Confectionery Market
The top five players in the Asia Pacific sugar confectionery market, namely Nestle S.A., Perfetti Van Mella SpA, Mondelez International Inc., Ferrero Group, and The Hershey Co, accounted for a combined share of just over 51% in 2014. Similarly, the leading five companies in the market in Latin America held a share of just over 47% in 2014. These players are Nestle, Mondelez, Mars, Ferrero, and Arcor. These figures by