Global Confectionery Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.6% over the forecast period 2022-2028. Confectionery are sweet-based food products. It includes Hard-Boiled Sweets, Medicated Confectionery, Fine Bakery Wares, Mints, Gums & Jellies, Chocolate, Caramels & Toffees, and Others. Initiatives and product launches by market players are likely to enhance the market growth in the forthcoming years with a lucrative growth rate. For instance: In January 2021, Mondelez International company making confectionery announced the launch of Cadbury Milk Silk Mousse In India. This not only enhances its product portfolio but also enhances its competitive image. Increasing disposable income is another major factor boosting market growth. Whereas, rising trend of gifting confectionery items and awareness of sugar-free products and low calories products create opportunities for the market in the forecast period. However, fluctuating costs and availability of raw materials impede market growth.
The key regions considered for the global Confectionery market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe is anticipated as the leading region across the globe in terms of large market share owning to the rising adoption of sweet-based products, incrasing demand for confectionery, etc. Whereas, Asia-Pacific is also estimated to attain highest growth rate due to factors such growing awareness towards calorie-free products and sugar-free candies, increasing trends of gifting confectioneries, etc. would create lucrative growth during forecasts for the market across Asia-Pacific region.
Major market players included in this report are:
Mars, Incorporated
Mondelez International, Inc.
Nestle S.A.,
Ferrero Group
Meiji Co., Ltd.
The Hershey Company
Chocoladefabriken Lindt & Sprungli AG,
Ezaki Glico Co., Ltd.
Haribo GmbH & Co. K.G.
Pladis
.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Hard-Boiled Sweets
Mints, Gums & Jellies
Chocolate
Caramels & Toffees
Medicated Confectionery
Fine Bakery Wares
Others
By Age Group:
Children
Adult
Geriatric
By Distribution Channel:
Supermarket/Hypermarket
Convenience Stores
Pharmaceutical & Drug Stores
Food Services
Duty-Free Outlets
E-Commerce
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Confectionery Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors