Press release
Global Confectionery Market is expected to witness a steady growth rate with a CAGR of 4.8 Percent throughout the forecast period.
JH562S
Confections, though low in nutrition, are high in calories, making them a popular indulgence among consumers. The demand for sugar-free confectionery has been on the rise due to factors like obesity rates, an increase in diabetic patients, changing dietary preferences, and a growing health consciousness. Consumers are increasingly seeking exquisite and premium chocolates and gums, reflecting their increasing affluence and willingness to indulge in extravagant shopping experiences. The consumption of dark premium chocolates is particularly gaining traction in developed countries, positively impacting the overall confectionery market.
The objective of the report is to provide a comprehensive analysis of the Global Confectionery Market, catering to all industry stakeholders. The report covers the past and current industry status, forecasted market size, and trends. It includes a detailed analysis of key players, including market leaders, followers, and new entrants. The report utilizes PORTER, PESTEL analysis, and evaluates the potential impact of micro-economic factors on the market. It provides a clear futuristic view of the industry, assisting decision-makers in understanding the market dynamics and structure. The report also presents a competitive analysis of key players, including their product portfolios, financial positions, growth strategies, and regional presence, serving as an investor's guide.
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What are Confectionary Market Dynamics:
The global Covid-19 pandemic has had a devastating impact on the global economy, including the food industry, with strict lockdowns and limited mobility imposed by governments. The temporary closure of sugar and chocolate manufacturing facilities during the initial months significantly affected production. For instance, the Hershey Company temporarily shut down all production facilities from March 16 to March 29, 2021, in response to the Covid-19 outbreak in the United States. Supply chain disruptions, labor shortages, trade restrictions, and transportation challenges were observed during the lockdown, affecting the retail confectionery sector.
However, with the reopening of production facilities and efforts to revive the supply chain, the market is expected to recover. Sugar and chocolates are considered comfort foods, and consumers have found new ways to celebrate with at-home activities like baking. This is expected to have a positive impact on the market as the situation gradually improves.
Confectionary Market Regional Insights:
Europe currently holds the largest share in the global confectionery market, accounting for 45 percent in 2021. The region is expected to witness significant growth with a CAGR of 4 percent throughout the forecast period. European consumers, with their expanding tastes and preferences, seek quality and premium chocolates over sugar confectionery products. Work-life balance, health concerns, and individual desires are major factors driving the consumption of confectioneries in daily routines.
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What is Confectionary Market Segmentation:
By Product Type:
Chocolates
• Sugar
• Gums
By Age Group:
Children
• Adult
• Geriatric
By Price Point:
Economy
• Mid-Range
• Luxury
By Distribution channel:
Supermarket/Hypermarket
• Online Retail
• Departmental stores
• Convenience stores
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Who are Confectionary Market Key Players:
Chocoladefabriken Lindt & Sprungli AG
• Crown Confectionary
• DELFI Limited
• Ezaki Glico Co.Ltd
• Ferrero International S.A.
• Mars, Incorporated
• Mondelez International
• Nestle S.A.
• The Hershey Company
• Unilever PLC
• Barry Callebaut
• Meiji Holdings
• HARIBO GmbH& Co.KG
• Pladis Global
Table of content for the Confectionary Market includes:
Global Confectionary: Research Methodology
Global Confectionary Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
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Global Confectionary Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Confectionary Market Segmentation
Global Market, by Product Type (2022-2029)
Global Market, by Age Group (2022-2029)
Global Market, by Price Point (2022-2029)
Global Market, by Distribution channel (2022-2029)
Regional Confectionary Market (2022-2029)
Regional Market, by Product Type (2022-2029)
Regional Market, by Age Group (2022-2029)
Regional Market, by Price Point (2022-2029)
Regional Market, by Distribution channel (2022-2029)
Regional Market, by Country (2022-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product Type, Age Group, Price Point and Distribution channel
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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