Press release
Confectionary Market to reach USD 284.04 Bn by 2029, emerging at a CAGR of 4.8 percent and forecast 2023-2029
Confectionary Market, Confectionary Market Scope,
The scope of the report spans across multiple dimensions, including an in-depth examination of different confectionery types and distribution channels. By utilizing a robust research methodology, which combines both primary and secondary research techniques, the report ensures the accuracy and reliability of the presented insights. The research methodology involves meticulous data collection, analysis, and validation, ensuring that the report's findings are a true reflection of the market's realities.
Maximize Market Research's report encompasses both historical and forecast data, providing a comprehensive view of the market's evolution over time and its projected trajectory. The report's meticulous approach to research methodology and its expansive scope make it an invaluable resource for stakeholders seeking a detailed understanding of the Confectionery Market.
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What are Confectionary Market Dynamics:
The global pandemic of Covid-19 has had a devasting influence on the global economy and food business, since governments have implemented strict lockdowns and limited public mobility. In the early months, the shutdown of sugar and chocolate manufacturing facilities had a considerable impact on commodities production. For example in response to the Covid-19 outbreak in the United states the Hershey company temporarily shut down all of its production facilities from march 16 to March 29, 2021. During the lockdown supply chain, disruption , manpower shortage, trade restriction , and transportation and logistical variations were all noticed. Consumers ate more meals at home during the quarantine period, lowered their store visit, and increased their comfort levels with outline purchasing this affected the retail confectionary sector.
However, with production facilities reopening in varied economics and business players making an attempt to revive provide chain disruption, the market position is anticipated to enhance. sugar and chocolates area unit thought about comfort food, and shoppers area unit finding new ways that to celebrate with additional at-home activities like baking. This is often expected to possess a positive impact on the market.
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Confectionary Market Regional Insights:
Among the global regions, Europe emerges as a dominant force in the Confectionery Market, showcasing a substantial market share of 45% in 2022. This region's leadership can be attributed to its unique blend of permissive eating habits, a strong focus on quality, and an increasing preference for premium chocolates. The European market has witnessed consistent growth, supported by evolving consumer preferences that favor indulgence in confectionery products as part of their daily routines. With a projected Compound Annual Growth Rate (CAGR) of 4% throughout the forecast period, Europe is poised to maintain its significant market presence, driven by a combination of work-life dynamics, health
considerations, and individual desires among consumers.
The demand for specialized and personalized chocolates, featuring attributes such as "quality-for-chocolate" and a "melt-in-the-mouth" experience, has fueled increased confectionery sales within the region. This trend is particularly pronounced in countries such as the United Kingdom, Germany, and Austria, where confectionery products have become a popular snacking choice. As these markets continue to participate actively in the global confectionery landscape, Europe's influence on the industry's growth remains steadfast.
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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:
1. Chocoladefabriken Lindt & Sprungli AG
2. Crown Confectionary
3. DELFI Limited
4. Ezaki Glico Co.Ltd
5. Ferrero International S.A.
6. Mars, Incorporated
7. Mondelez International
8. Nestle S.A.
9. The Hershey Company
10. Unilever PLC
11. Barry Callebaut
12. Meiji Holdings
13. HARIBO GmbH& Co.KG
14. Pladis Global
Table of content for the Confectionary Market includes:
1. Global Confectionary Market: Research Methodology
2. 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
3. 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
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• 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
• Recommendations
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