2023 Exploring Latest Trends and Analysis in the Evolving Confectionery Market: Latest Research Report by 2028

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, also known as confections, refers to a delightful and diverse category of sweet food items crafted to satisfy our craving for sugary indulgence. This captivating array of treats encompasses a wide range of products, including candies, chocolates, caramels, gumdrops, marshmallows, pastries, cookies, and more. Confectionery holds a rich history that spans centuries and is deeply rooted in various cultures worldwide.

The art of confectionery revolves around the mastery of blending sugar with an assortment of ingredients, flavors, and textures, resulting in mouthwatering creations that cater to different tastes and occasions. The industry continuously evolves, incorporating innovation and creativity to surprise and delight consumers with novel flavors, shapes, and packaging.

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Market Trends and Drivers:

The increasing demand for indulgent and tasty treats is driving the global market. Confectionery products, including chocolates, candies, gums, and other sweets, have been ingrained in various cultures as symbols of celebrations, rewards, and comfort foods. Additionally, innovation and product diversification have played a significant role in augmenting the confectionery market forward. Manufacturers continuously introduce new flavors, shapes, and formulations to cater to changing consumer preferences and dietary needs.

Furthermore, the expanding retail landscape and distribution channels have positively impacted the confectionery market. The availability of confectionery products in supermarkets, convenience stores, online platforms, and specialty confectionery shops enhances their accessibility to consumers, driving overall consumption.

Some of the Top Competitive Landscape Operating in the Market are Given Below:

• 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

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/confectionery-market

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

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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This release was published on openPR.