Confectionery Market Size Research Report
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Report on Confectionery Market
Confectionery Market’s leading Manufacturers:
·
Mars, Incorporated
·
Ferrero International
·
Nestle S.A.
·
Mondelez International, Inc
·
Meiji Holdings Co., Ltd.
·
The Hershey Company
·
Chocoladefabriken Lindt & Sprungli AG
·
Ezaki Glico Co., Ltd.
·
Haribo GmbH & Co. KG
·
Lotte Confectionery Co. Ltd.
Confectionery Market Dynamics (including market size, share, trends, growth,
forecast, and industry analysis)
Key Drivers
The global confectionery market
is predicted to witness an upsurge in demand during the forecast period due to
the strong demand for low sugar products, growing retail market, and rapid
product innovation. In the era of increasing technologies, improved customer
service is an important requirement of the business. Consumers' expectations
are growing continuously, whereas old retail methodologies are becoming
outdated. The retail industry is a strong industry with extreme competition,
where everyone is launching various innovative products, including the blend of
solid and liquid flavors, odor sensations, and energy surging products. Thus,
the retail players sell their products through different channels like online
retail stores, supermarkets/hypermarkets, convenience stores, and others.
Internet retailing is increasing popularity due to the ease of ordering
products online in less time. Thereby, growing retail platforms are directly
fuelling the sales of confectionery products. According to the confectionery industry
analysis, the rising health awareness among the population, customers are
drastically shifting towards low sugar products, which aids them in consuming
less calories and does not affect the taste. Increasing health concerns have
fundamentally shifted the emphasis of customers from one product to another,
which will propel the growth of the confectionery market share in terms of
revenue during the forecast period. On the other edge, the growing health
concerns regarding obesity and diabetes will hinder the growth of the market.
Regional Drivers
Based on region, the
Asia-Pacific is predicted to grow at a faster CAGR over the forecast period due
to the high demand for products and the increasing popularity in emerging
economies India, China, and others.
Confectionery Market Segmentation:
Segmentation by Type:
·
Chocolate Confectionary
o Dark Chocolate
o White and Milk Chocolate
·
Sugar Confectionery
o Boiled Sweets
o Toffees, Caramels and Nougat
o Pastilles, Gums, Jellies and Chews
o Mints
o Others
·
Snack Bar
o Cereal Bars
o Energy Bars
o
Others
Segmentation by Distribution Channel:
·
Supermarket/Hypermarket
·
Specialist Retailers
·
Online Retail Stores
·
Convenience Stores
·
Other Distribution Channels
Segmentation by Region:
·
North America
o United
States of America
o Canada
·
Asia Pacific
o China
o Japan
o India
o Rest
of APAC
·
Europe
o United
Kingdom
o Germany
o France
o Spain
o Rest
of Europe
·
RoW
o Brazil
o South
Africa
o Saudi
Arabia
o UAE
o Rest
of the world (remaining countries of the LAMEA region)
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