Market Overview:
The global functional confectionery market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in the market can be attributed to factors such as rising awareness about the benefits of functional confectionery, increasing demand for healthy snacks, and growing trend of snacking among consumers. The global functional confectionery market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into chocolate confectionery, chewing gum, sugar confectionery, and other types. Chocolate confectioneries are expected to account for a major share in terms of revenue in 2018 owing to their high demand among consumers across all age groups. Chewing gums are also anticipated to witness significant growth during the forecast period due to their growing popularity among youngsters as a means for oral hygiene and breath freshening purposes. By application, children accounted for majority share in terms of revenue in 2017; however Middle Age group is projected register highest CAGR over the forecast period owing increased focus on health & wellness by this age group globally .
Product Definition:
Functional confectionery is a term used to describe candy or snacks that have been enhanced with added health benefits. These products may be designed to improve oral health, provide energy, or boost the immune system. Functional confectionery can also be used as a means of delivering vitamins and minerals to the body.
Chocolate Confectionery:
Chocolate confectionery is a product manufactured and designed for consumption as an ingredient in other products. It can be used as an ingredient or it can be consumed on its own. The major driver of the global chocolate confectionery market is increasing demand from emerging economies such as China, India, Brazil and Vietnam among others which are expected to drive the market growth over the forecast period.
Chewing Gum:
Chewing gum is a synthetic oral product, which is made up of sugar and flavorings. It has been in use for centuries; however, it gained popularity only after World War II. The primary function of chewing gums was to keep people occupied during long train rides or idle times spent at workplaces. Chewing gum also helps improve the user’s speech as it contains sweeteners that are needed to be consumed in order for the user to pronounce properly.
Application Insights:
The application segment includes children, middle age, and senior. The youth segment is expected to emerge as the fastest-growing application over the forecast period owing to increasing consumption of confectionery products such as chocolate bars and chewing gums among this demographic. In addition, rising awareness regarding health benefits associated with functional foods is anticipated to drive demand for global functional confectionery in these applications.
The global market has been further categorized into children, middle age (above 40 years), and senior segments based on consumer behavior patterns. The growing popularity of sports nutrition among athletes coupled with healthy dietary habits is projected to boost demand for nutritional supplements including protein bars and energy chews in the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand for sugar confectionery products, such as chocolates, from emerging countries like India and China. Furthermore, increasing health awareness among consumers is anticipated to fuel the demand for functional foods in Asia Pacific.
North America accounted for a significant share of global revenue owing to growing consumer preference toward healthy lifestyle coupled with an increase in spending on nutritional dietary supplements. Moreover, presence of key manufacturers such as Mars Inc.; Lindt; and Barry Callebaut has fueled product penetration in this region.
Growth Factors:
- Increasing demand for healthy and functional food products
- Rising awareness about the benefits of functional confectionery products
- Growing popularity of organic and natural ingredients in functional confectionery products
- Proliferation of new product launches to cater to the growing demand for functional confectionery products
- Increasing penetration of Functional Confectionery market in developing countries
Scope Of The Report
Report Attributes
Report Details
Report Title
Functional Confectionery Market Research Report
By Type
Chocolate Confectionery, Chewing Gum, Sugar Confectionery, Other
By Application
Children, Middle Age, Senior, Youth
By Companies
Hershey, Kellogg Company, Sula, Wm. Wrigley Jr, Unilever, Mars, Nestle, ...
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Functional Confectionery Market Report Segments:
The global Functional Confectionery market is segmented on the basis of:
Types
Chocolate Confectionery, Chewing Gum, Sugar Confectionery, Other
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
Children, Middle Age, Senior, Youth
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:
- Hershey
- Kellogg Company
- Sula
- Wm. Wrigley Jr
- Unilever
- Mars
- Nestle
- ...
Highlights of The Functional Confectionery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Chocolate Confectionery
- Chewing Gum
- Sugar Confectionery
- Other
- By Application:
- Children
- Middle Age
- Senior
- Youth
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Functional 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
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Functional Confectionery is a type of candy that has a specific purpose other than being eaten as part of a snack. Some examples include gummy vitamins, breath mints, and chewing gum with medicinal purposes.
Some of the major companies in the functional confectionery market are Hershey, Kellogg Company, Sula, Wm. Wrigley Jr, Unilever, Mars, Nestle.
The functional 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. Functional 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. Functional Confectionery Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Functional Confectionery Market - Supply Chain
4.5. Global Functional Confectionery Market Forecast
4.5.1. Functional Confectionery Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Functional Confectionery Market Size (000 Units) and Y-o-Y Growth
4.5.3. Functional Confectionery Market Absolute $ Opportunity
5. Global Functional 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. Functional Confectionery Market Size and Volume Forecast by Type
5.3.1. Chocolate Confectionery
5.3.2. Chewing Gum
5.3.3. Sugar Confectionery
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Functional 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. Functional Confectionery Market Size and Volume Forecast by Application
6.3.1. Children
6.3.2. Middle Age
6.3.3. Senior
6.3.4. Youth
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Functional 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. Functional 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 Functional 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. Functional 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 Functional Confectionery Demand Share Forecast, 2019-2029
9. North America Functional 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 Functional 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 Functional Confectionery Market Size and Volume Forecast by Application
9.4.1. Children
9.4.2. Middle Age
9.4.3. Senior
9.4.4. Youth
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Functional Confectionery Market Size and Volume Forecast by Type
9.7.1. Chocolate Confectionery
9.7.2. Chewing Gum
9.7.3. Sugar Confectionery
9.7.4. Other
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 Functional Confectionery Demand Share Forecast, 2019-2029
10. Latin America Functional 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 Functional 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 Functional Confectionery Market Size and Volume Forecast by Application
10.4.1. Children
10.4.2. Middle Age
10.4.3. Senior
10.4.4. Youth
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Functional Confectionery Market Size and Volume Forecast by Type
10.7.1. Chocolate Confectionery
10.7.2. Chewing Gum
10.7.3. Sugar Confectionery
10.7.4. Other
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 Functional Confectionery Demand Share Forecast, 2019-2029
11. Europe Functional 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 Functional 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 Functional Confectionery Market Size and Volume Forecast by Application
11.4.1. Children
11.4.2. Middle Age
11.4.3. Senior
11.4.4. Youth
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Functional Confectionery Market Size and Volume Forecast by Type
11.7.1. Chocolate Confectionery
11.7.2. Chewing Gum
11.7.3. Sugar Confectionery
11.7.4. Other
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 Functional Confectionery Demand Share, 2019-2029
12. Asia Pacific Functional 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 Functional 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 Functional Confectionery Market Size and Volume Forecast by Application
12.4.1. Children
12.4.2. Middle Age
12.4.3. Senior
12.4.4. Youth
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Functional Confectionery Market Size and Volume Forecast by Type
12.7.1. Chocolate Confectionery
12.7.2. Chewing Gum
12.7.3. Sugar Confectionery
12.7.4. Other
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 Functional Confectionery Demand Share, 2019-2029
13. Middle East & Africa Functional 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 Functional 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 Functional Confectionery Market Size and Volume Forecast by Application
13.4.1. Children
13.4.2. Middle Age
13.4.3. Senior
13.4.4. Youth
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Functional Confectionery Market Size and Volume Forecast by Type
13.7.1. Chocolate Confectionery
13.7.2. Chewing Gum
13.7.3. Sugar Confectionery
13.7.4. Other
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 Functional Confectionery Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Functional Confectionery Market: Market Share Analysis
14.2. Functional Confectionery Distributors and Customers
14.3. Functional Confectionery Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hershey
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kellogg Company
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sula
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Wm. Wrigley Jr
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Unilever
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mars
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nestle
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ...
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook