Confectionery Market Outlook 2023-2028: Global Size, Share, Trends, Industry Growth Analysis, and Report

According to the latest report by IMARC Group, titled "Confectionery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global confectionery market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global confectionery market size reached US$ 185.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 229.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.5% during 2023-2028.

Confectionery refers to a range of sweet items typically high in sugar and calories. This food category includes candies, chocolates, gum, and sweets, usually consumed as treats or desserts. It is made from a variety of ingredients, including sugar, chocolate, nuts, fruits, and other flavorings. It is often sold in a wide range of formats, including bars, balls, and other shapes, as well as in various packaging sizes. It is popular worldwide, with many countries having unique confectionery traditions and specialties.

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Market Trends and Drivers:

The global market is primarily driven by the increasing demand for sweet snacks and treats. In line with this, the changing consumer preferences for convenience and indulgence are significantly contributing to the market growth. Furthermore, rapid urbanization and inflating disposable incomes of consumers are positively influencing the market. Apart from this, the rising demand for premium chocolates and gums is catalyzing the market. Moreover, the shifting inclination of consumers toward organic chocolates and candies is strengthening the market.

Besides, the growing modernization and a hectic combination of professional and personal obligations are propelling product demand as part of the daily diet. Additionally, the market players are focusing on introducing a range of chocolate snacks, such as on-the-go snacks and chocolate bars, to offer a healthy diet to consumers. They are also focusing on offering convenient and small packs that allow customers to carry candies and bars in their bags. This, in turn, is anticipated to provide a boost to the market.

Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/confectionery-market

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

Some of these key players include:

• Chocoladefabriken Lindt & Sprüngli AG
• Crown Confectionery
• Ezaki Glico Co. Ltd.
• Ferrero International S.A.
• HARIBO GmbH & Co. KG
• Mars Incorporated
• Meiji Holdings Co. Ltd
• Mondelz International Inc.
• Nestle S.A.
• Parle Products Pvt. Ltd
• The Hershey Company
• The Kraft Heinz Company

Key Market Segmentation:

Breakup by Product Type:

• Hard-boiled Sweets
• Mints
• Gums and Jellies
• Chocolate
• Caramels and Toffees
• Medicated Confectionery
• Fine Bakery Wares
• Others

Breakup by Age Group:

• Children
• Adult
• Geriatric

Breakup by Price Point:

• Economy
• Mid-range
• Luxury

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Pharmaceutical and Drug Stores
• Online Stores
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

TOC for the Report:

• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Global Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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