The latest report by IMARC Group, titled “Confectionery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global confectionery market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global confectionery market reached a value of US$ 177.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 221.7 Billion by 2027, exhibiting a CAGR of 3.67% during 2022-2027. Confectionery refers to the business of creating various sugar-based, high-calorie confections, such as mints, sweets, chocolates, gummies, cookies, toffees, caramels, and other fine bakery products. It involves emulsifiers, thickening agents, stabilizers, chocolate, and milk to enhance the products’ appearance, textures, and elasticity.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape
- Strategies of major players and product offerings
Market Trends and Drivers:
The rapid expansion in the food and beverages (F&B) sector and the increasing inclination of consumers toward the ready-to-eat, low-calorie confectionery products due to their hectic lifestyles are primarily driving the global confectionery market growth. In line with this, the continual launch of flavor variants, along with the rising demand for sugar-free chocolates, are contributing to the market growth. The market is also driven by the growing trend of gifting bakery items, chocolates, and cookies on social occassions. Other factors, such as aggressive promotional strategies adopted by manufacturers and the leading brands and the easy product availability through proliferating online retail channels, are creating a positive outlook for the market further across the globe.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Chocoladefabriken Lindt & Sprüngli AG
- Crown Confectionery
- Ezaki Glico Co. Ltd.
- Ferrero International S.A.
- HARIBO GmbH & Co. KG
- Mars Incorporated
- Meiji Holdings Co. Ltd
- Mondelz International Inc.
- Nestle S.A.
- Parle Products Pvt. Ltd
- The Hershey Company
- The Kraft Heinz Company
Breakup by Product Type:
- Hard-boiled Sweets
- Mints
- Gums and Jellies
- Chocolate
- Caramels and Toffees
- Medicated Confectionery
- Fine Bakery Wares
- Others
Breakup by Age Group:
- Children
- Adult
- Geriatric
Breakup by Price Point:
- Economy
- Mid-range
- Luxury
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Pharmaceutical and Drug Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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