Confectionery Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

A confectionery includes candies, fudge, and other related sweets. Sugar confectionery includes sweets, candied nuts, chocolates, chewing gum, sweetmeats, candies, and other confections that are made primarily of sugar. The confectionery market is considered as one of the growing sectors globally. Usually, confections are quite low in nutrients and high in sugar & calorie. Sugar-free confections are gaining more popularity in recent years owing to factors such as increasing obesity rate, increasing the number of diabetic patients, increasing nutritional as well as health concerns, and also changing lifestyle.

MARKET DYNAMICS

The confectionery market has witnessed significant growth owing to factors such as wider product availability, such as candied nuts, chocolates, chewing gum, sweetmeats, and other confections. Product innovation, mainly in terms of formulations, processing, and also the packaging, is the major factor which is driving the growth of the confectionery industry. Moreover, retail market expansion, as well as economic growth in advanced & emerging economies, supplement the market growth. Also, a growing preference for dark chocolate, sugar-free gummies, oral care gummies & candies, nutritional confectioneries, and other products among adult consumers are again contributing to this market. However, health-conscious consumers avoid eating confectioneries due to high-sugar content. This may hamper the growth of the confectionery market. Nevertheless, with the steady growth in the food processing industry, there are opportunities for the market players to invest in this market.

MARKET SCOPE

The "Global Confectionery Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the confectionery market with detailed market segmentation by product type, distribution channel, and geography. The global confectionery market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading confectionery market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global confectionery market is segmented on the basis of product type, and distribution channel. The confectionery market on the basis of the product type is classified into sugar confectionery, bakery confectionery, and chocolate confectionery. On the basis of distribution channel, global confectionery market is bifurcated into supermarkets & hypermarkets, convenience store, specialty stores online stores, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global confectionery market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The confectionery market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the confectionery market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the confectionery market in these regions.

MARKET PLAYERS

The reports cover various key developments in the global confectionery market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from confectionery market are anticipated to lucrative growth opportunities in the future with the rising demand for confectionery in the global market. Below mentioned is the list of few companies engaged in the confectionery market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the confectionery market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Delfi Limited
  
•   Ezaki Glico Co., Ltd.
  
•   Ferrero
  
•   Lindt and Sprngli Ag
  
•   Lotte Confectionery Co., Ltd.
  
•   Mars, Incorporated
  
•   Meiji Holdings Co., Ltd.
  
•   Mondel- z International
  
•   Nestle S.A.
  
•   The Hershey Company
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Confectionery Report Scope