Press release
Opportunities in the Global Confectionery Sector to reach US$195.8 billion by 2021: Analysis of Opportunities Offered by High Growth Economies
Opportunities in the Global Confectionery Sector: Analysis of Opportunities Offered by High Growth Economies
Summary
"Opportunities in the Global Confectionery Sector", report brings together multiple data sources to provide a comprehensive overview of the global Confectionery sector as part of our global series. It includes an analysis on global Confectionery sector with consumption analysis highlighted for all regions. The report also identifies high potential countries by region that have been identified by creating a risk-reward analysis with multiple parameters.
The global Confectionery sector was valued at US$156.4 billion in 2016 and is forecast to record a CAGR of 4.6% during 2016-2021 to reach US$195.8 billion by 2021. Western Europe represented the largest market for the global Confectionery sector with a value share of 29.6% in 2016. Whilst Asia-Pacific is forecast to record the fastest CAGR of 7.2% during 2016-2021 and surpass North America to become the second largest market globally by 2021.
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A growing population, rising urbanization rate, and improving economy will remain the primary macroeconomic factors driving the sector globally. Chocolate represented the largest market in the sector with a value share of 55.5% in 2016. Given that Confectionery purchase is often impulsive driven by the desire for an indulgent treat, demand is likely to remain strong in the coming years.
Scope
- The report provides an overview of global and regional markets covering - Asia-Pacific, Middle East & Africa, North America, Latin America, Western Europe, and Eastern Europe - highlighting sector size, growth drivers, latest developments, and future inhibitors for the region.
- It also identifies top ten high potential countries and provides deep dive analysis of top two countries in each region.
- The report draws on the sector data by analyzing key distribution channels for Confectionery in the global market.
- Sector data is also used for studying the level of competition in the sector by identifying the top brands at a global and regional level with insights on sector shares of private label products.
- The report also includes insights on Health & Wellness products in terms of value and percentage share in the overall Confectionery sector at global and regional level during 2011-2021.
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Table of Contents
Executive Summary
Sector Overview
Current scenario and future outlook
Global Confectionery sector overview - what are the growth drivers, latest developments, and future inhibitors
Regional Confectionery sector overview - what are the growth drivers, latest developments, and future inhibitors
Key challenges in the global Confectionery sector
Shift in food Consumption Patterns
Change in consumption levels in the overall food industry, 2011-2021
Reasons for shift in consumption patterns
Identifying high potential countries
Analysis of 10 countries on the basis of Risk-Reward analysis (market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure)
Analysis across regions - Asia-Pacific, MEA, North America, Latin America, Western Europe, and Eastern Europe
High potential country analysis
Future outlook
Health & Wellness Analysis - Global and Regional Level
Case Studies
Competitive Landscape
Leading brands by region
Leading brands by market
Market Share of Private Label
Key Distribution Channels
Share of key distribution channels - global and regional level
Key Packaging Formats
Analysis on usage of key packaging material, closure, and outer type
Appendix
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