Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Confectionery Market by Type (Sugar confectionery, Chocolate, Gum), By Application (Wedding, Festivals, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Confectionery Market by Type (Sugar confectionery, Chocolate, Gum), By Application (Wedding, Festivals, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 154038 3300 Food & Beverages 377 242 Pages 4.6 (37)
                                          

Market Overview:


The global confectionery market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The sugar confectionery segment is expected to dominate the global confectionery market in terms of value and volume share by 2030. The chocolate segment is projected to be the fastest growing segment during the forecast period, owing to increasing demand for premium chocolates across the globe. In terms of application, wedding ceremonies are expected to account for majority share in terms of value and volume by 2030.


Global Confectionery Industry Outlook


Product Definition:


Confectionery is a type of food that is rich in sugar or honey. It includes candy, pastries, and other sweet foods. Confectionery is often eaten as a snack or dessert.


Sugar confectionery:


Sugar confectionery is a product made up of refined or raw sugar, which is used in the manufacturing of candies and other sweet food items. The growth factor for this market is increasing demand from developing countries such as China, India, Brazil and Russia. Moreover due to growing health awareness among consumers these days they are shifting towards low calorie foods & drinks which will also have a positive impact on the market growth over the forecast period.


Chocolate:


Chocolate is the processed, sweetened cocoa beans that are prepared from the process of roasting. The primary function of chocolate is to be a food product for eating and not for cooking. It can be categorized into two types: dark chocolate and milk chocolate. Milk chocolates have higher content of milk sugar (lactose) than dark chocolates do; this difference in composition makes them lighter in color as well as less bitter when consumed in large quantities over an extended period.


Application Insights:


The wedding application segment accounted for the largest share of over 30.0% in 2017 and is expected to witness significant growth on account of rising number of weddings taking place across the world. Increasing consumer disposable income coupled with changing lifestyle has led to an increase in the number of weddings, which is anticipated to drive demand for various confectionery products including cakes, pastries, chocolates and candies over the forecast period.


The other application segment includes events such as corporate meetings, parties and social gatherings where sugar-free confectionery items are required. Growing awareness regarding health issues particularly related to excess consumption of sugar is likely to promote non-sugar based confectionery products thereby driving market growth over the forecast period.


Regional Analysis:


Europe dominated the global market in 2017, accounting for more than 35.0% of the total revenue share. The confectionery industry is witnessing a healthy growth due to increasing demand from countries such as Germany, U.K., France and Italy among others owing to their high spending capacity and willingness to try out different flavors of chocolates and gums.


Growth Factors:


  • Increasing urbanization and disposable income: The global confectionery market is expected to grow at a CAGR of 5.4% from 2016 to 2021, owing to the increasing urbanization and disposable income across the globe.
  • Changing lifestyle and growing demand for convenience foods: Confectionery products are considered as convenient foods, which are witnessing high demand due to changing lifestyles of people across the globe.
  • Rising trend of snacking: The trend of snacking is gaining popularity among all age groups, which is fueling the growth of the confectionery market globally.
  • Growing demand for premium products: Consumers are increasingly preferring premium-quality confectionery products over regular ones due to their better taste and nutritional value. This is driving the growth of the global confectionery market in terms of value share .

Scope Of The Report

Report Attributes

Report Details

Report Title

Confectionery Market Research Report

By Type

Sugar confectionery, Chocolate, Gum

By Application

Wedding, Festivals, Other

By Companies

Mars(US), Mondelez International(US), Nestle(CH), Meiji Holdings(JP), Ferrero Group(IT), Hershey Foods(US), Arcor(AR), Perfetti Van Melle(NL), Haribo(DE), Lindt & Sprüngli(CH), Barry Callebaut(CH), Yildiz Holding(TR), August Storck(DE), General Mills(US), Orion Confectionery(KR), Uniconf(RU), Lotte Confectionery(KR), Bourbon Corp(JP), Crown Confectionery(KR), Roshen Confectionery(UA), Ferrara Candy(US), Orkla ASA(NO), Raisio Group(FI), Morinaga(JP), Cemoi(FR), Jelly Belly(US), Cloetta(NL), Ritter Sport(DE), Petra Foods(SG), Amul(IN)

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

242

Number of Tables & Figures

170

Customization Available

Yes, the report can be customized as per your need.


Global Confectionery Market Report Segments:

The global Confectionery market is segmented on the basis of:

Types

Sugar confectionery, Chocolate, Gum

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Wedding, Festivals, Other

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Mars(US)
  2. Mondelez International(US)
  3. Nestle(CH)
  4. Meiji Holdings(JP)
  5. Ferrero Group(IT)
  6. Hershey Foods(US)
  7. Arcor(AR)
  8. Perfetti Van Melle(NL)
  9. Haribo(DE)
  10. Lindt & Sprüngli(CH)
  11. Barry Callebaut(CH)
  12. Yildiz Holding(TR)
  13. August Storck(DE)
  14. General Mills(US)
  15. Orion Confectionery(KR)
  16. Uniconf(RU)
  17. Lotte Confectionery(KR)
  18. Bourbon Corp(JP)
  19. Crown Confectionery(KR)
  20. Roshen Confectionery(UA)
  21. Ferrara Candy(US)
  22. Orkla ASA(NO)
  23. Raisio Group(FI)
  24. Morinaga(JP)
  25. Cemoi(FR)
  26. Jelly Belly(US)
  27. Cloetta(NL)
  28. Ritter Sport(DE)
  29. Petra Foods(SG)
  30. Amul(IN)

Global Confectionery Market Overview


Highlights of The Confectionery Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Sugar confectionery
    2. Chocolate
    3. Gum
  1. By Application:

    1. Wedding
    2. Festivals
    3. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Confectionery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Confectionery Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Confectionery is a broad term that refers to any type of food that is sweetened and flavored. This includes items such as candy, cake, cookies, ice cream, and yogurt.

Some of the major companies in the confectionery market are Mars(US), Mondelez International(US), Nestle(CH), Meiji Holdings(JP), Ferrero Group(IT), Hershey Foods(US), Arcor(AR), Perfetti Van Melle(NL), Haribo(DE), Lindt & SprƒÂ¼ngli(CH), Barry Callebaut(CH), Yildiz Holding(TR), August Storck(DE), General Mills(US), Orion Confectionery(KR), Uniconf(RU), Lotte Confectionery(KR), Bourbon Corp(JP), Crown Confectionery(KR), Roshen Confectionery(UA), Ferrara Candy(US), Orkla ASA(NO), Raisio Group(FI), Morinaga(JP), Cemoi(FR), Jelly Belly(US), Cloetta(NL), Ritter Sport(DE), Petra Foods(SG), Amul(IN).

The confectionery market is expected to grow at a compound annual growth rate of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Confectionery Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Confectionery Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Confectionery Market - Supply Chain
   4.5. Global Confectionery Market Forecast
      4.5.1. Confectionery Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Confectionery Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Confectionery Market Absolute $ Opportunity

5. Global Confectionery Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Confectionery Market Size and Volume Forecast by Type
      5.3.1. Sugar confectionery
      5.3.2. Chocolate
      5.3.3. Gum
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Confectionery Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Confectionery Market Size and Volume Forecast by Application
      6.3.1. Wedding
      6.3.2. Festivals
      6.3.3. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Confectionery Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Confectionery Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Confectionery Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Confectionery Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Confectionery Demand Share Forecast, 2019-2026

9. North America Confectionery Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Confectionery Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Confectionery Market Size and Volume Forecast by Application
      9.4.1. Wedding
      9.4.2. Festivals
      9.4.3. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Confectionery Market Size and Volume Forecast by Type
      9.7.1. Sugar confectionery
      9.7.2. Chocolate
      9.7.3. Gum
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Confectionery Demand Share Forecast, 2019-2026

10. Latin America Confectionery Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Confectionery Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Confectionery Market Size and Volume Forecast by Application
      10.4.1. Wedding
      10.4.2. Festivals
      10.4.3. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Confectionery Market Size and Volume Forecast by Type
      10.7.1. Sugar confectionery
      10.7.2. Chocolate
      10.7.3. Gum
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Confectionery Demand Share Forecast, 2019-2026

11. Europe Confectionery Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Confectionery Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Confectionery Market Size and Volume Forecast by Application
      11.4.1. Wedding
      11.4.2. Festivals
      11.4.3. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Confectionery Market Size and Volume Forecast by Type
      11.7.1. Sugar confectionery
      11.7.2. Chocolate
      11.7.3. Gum
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Confectionery Demand Share, 2019-2026

12. Asia Pacific Confectionery Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Confectionery Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Confectionery Market Size and Volume Forecast by Application
      12.4.1. Wedding
      12.4.2. Festivals
      12.4.3. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Confectionery Market Size and Volume Forecast by Type
      12.7.1. Sugar confectionery
      12.7.2. Chocolate
      12.7.3. Gum
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Confectionery Demand Share, 2019-2026

13. Middle East & Africa Confectionery Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Confectionery Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Confectionery Market Size and Volume Forecast by Application
      13.4.1. Wedding
      13.4.2. Festivals
      13.4.3. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Confectionery Market Size and Volume Forecast by Type
      13.7.1. Sugar confectionery
      13.7.2. Chocolate
      13.7.3. Gum
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Confectionery Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Confectionery Market: Market Share Analysis
   14.2. Confectionery Distributors and Customers
   14.3. Confectionery Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Mars(US)
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Mondelez International(US)
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Nestle(CH)
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Meiji Holdings(JP)
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Ferrero Group(IT)
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Hershey Foods(US)
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Arcor(AR)
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Perfetti Van Melle(NL)
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Haribo(DE)
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Lindt & Sprüngli(CH)
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Barry Callebaut(CH)
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Yildiz Holding(TR)
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. August Storck(DE)
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. General Mills(US)
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. Orion Confectionery(KR)
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. Uniconf(RU)
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. Lotte Confectionery(KR)
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. Bourbon Corp(JP)
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. Crown Confectionery(KR)
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. Roshen Confectionery(UA)
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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