Press release
Confectionary Market Projected to Surpass US$ 284.04 Bn by 2029, With a 4.8% CAGR During the Forecast Period
Confectionary Market Research Report
Confectionery Market Report Overview:
In a world where indulgence meets innovation, the confectionery market is on a trajectory of sweet success. Valued at a staggering US $284.04 billion in 2029, the global confectionery market is set to grow at a steady CAGR of 4.8% through the forecast period.
The confectionery market, known for its delectable treats, is witnessing an era of rapid growth. With confections often being low in nutrition but high in calories, the rise of sugar-free alternatives has become a prevalent trend. Factors such as obesity rates, increasing diabetic cases, and shifting lifestyle dynamics have fueled the demand for healthier options. Moreover, the allure of premium chocolates and gums among consumers is propelling market growth, fueled by a rising affinity for luxury indulgences and extravagant shopping sprees.
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Confectionery Market Scope and Research Methodology:
Our research methodology encompasses a blend of primary and secondary research techniques to gather and analyze data from multiple reliable sources. The report employs various analytical tools and models to provide accurate market forecasts and insights. Additionally, it includes a comprehensive SWOT analysis and Porter's Five Forces analysis to assess the competitive landscape and market attractiveness.
Confectionery 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
With a 40% market share, the supermarket category led the market based on the distribution channel. Supermarkets and hypermarkets are becoming increasingly popular worldwide. There is greater foot traffic on the floor as a result of consumers' growing reliance on these services, as well as their freedom of choice, mass merchandisers' bundling strategies, and more extensive product choices. Owing to their hectic and rigorous schedules, shoppers like buying goods in bulk for a limited time. Supermarkets and hypermarkets thus provide consumers a simple one-stop shopping experience. Chocolates and other confections are readily available in designated sections of supermarkets and hypermarkets.
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Confectionery 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
Confectionery Market Regional Insights:
The report provides insights into the regional landscape of the Confectionery market, highlighting key trends, growth drivers, and challenges in each geographic region. It offers a comprehensive analysis of market dynamics, regulatory frameworks, and investment opportunities across major markets, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Key Inquiries:
• What are the key factors driving the growth of the Confectionery market?
• What are the major challenges hindering market growth, and how can they be addressed?
• What are the emerging trends and opportunities in the market?
• Who are the leading players in the Confectionery market, and what are their strategies to maintain their position?
• Which regions are expected to witness significant growth in the forecast period, and why?
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Primary Offerings:
• Comprehensive analysis of the Confectionery market, including drivers, restraints, opportunities, and challenges.
• In-depth segmentation of the market based on product type, application, end-user industry, and geography.
• Profiling of key players and assessment of their strategies, product portfolios, and recent developments.
• Regional analysis with insights into market dynamics, regulatory landscape, and investment opportunities.
• Market forecasts and trends for the period 2023-2029, aiding stakeholders in making informed decisions.
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