Confectionery Market Trends, Share, Size, Growth, Sales, Opportunities and Forecast to 2029

pranit savgave

Dec 20, 2022 • 4 min read

Confectionery Market

Confectionery Market Overview:

The confectionary market is one of the fastest growing in the world. Confections are typically high in calories and low in nutrition. Sugar-free confections have grown in popularity in recent years as a result of factors such as rising obesity rates, an increase in diabetic patients, rising nutritional and health concerns, and a dynamic lifestyle. The global market is being driven by consumers' increasing preference for exquisite and premium chocolates and gum. Consumers' increasing wealth leads to them engaging in extravagant shopping to fund their desires. Consumption of dark premium chocolate is increasing in developed countries, which is expected to benefit the overall growth of the confectionary market.

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Confectionery Market Scope:

Top-down and bottom-up approaches are used to validate the market size and estimate the market size by different segments. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.

Confectionery Market Segmentation:

The supermarket segment dominated the market in terms of distribution channel, accounting for 40% of the market. Supermarkets and hypermarkets are becoming increasingly popular among people all over the world. Increased foot traffic on the floor has resulted from consumers' increasing reliance on these services, as well as their freedom of choice, more comprehensive product ranges, and bundling schemes offered by mass merchandisers. Consumers prefer to buy groceries in bulk for a specific period due to their hectic and demanding schedules. As a result, supermarkets/hypermarkets provide customers with an all-in-one shopping experience. Chocolates and other confectioneries are readily available in designated areas of supermarkets/hypermarkets.

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Confectionery Market Key Players:

Primary and secondary research are used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.

The following are the key players of the Confectionery market-

DELFI Limited
Ezaki Glico Co.Ltd
Ferrero International S.A.
Mars, Incorporated
Mondelez International
Nestle S.A.
The Hershey Company
Unilever PLC
Barry Callebaut
Meiji Holdings
HARIBO GmbH& Co.KG
Pladis Global

Regional Analysis:

Individual market influencing components and changes in market rules that impact present and future market trends are also explored in the research's geographical component. Downstream and upstream value chain analysis, technology trends, Porter's five forces analysis, and case studies are some of the elements utilized to anticipate market scenarios for various nations.

COVID-19 Impact Analysis on Confectionery Market: In addition, the paper evaluates the influence of COVID-19 on the Confectionery industry. The primary goal of this research is to assist users in understanding the market in terms of definition, segmentation, market potential, important trends, and challenges that the industry faces across major regions. The study presents a microeconomic and macroeconomic analysis of COVID-19's overall impact on the Confectionery Market. The analysis focuses on market share and size, clearly illustrating the impact of the pandemic on the global Confectionery industry in the next years.

Key Questions Answered in the Confectionery Market Report are:

What will be the Confectionery market's CAGR throughout the projected period (2021-2027)?
Which market category emerged as the market leader in the Confectionery industry?
Who are the key players in the Confectionery industry?
What important trends in the Confectionery industry are anticipated to develop throughout the forecast period?
How big will the Confectionery industry be in 2027?
In 2020, which business segment had the highest proportion of the Confectionery industry?

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