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Confectionery Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Sep 01, 2024
Length 150 Pages
SKU # FOB19185507

Description

Confectionery Market



Growth Factors of Confectionery Market

The global confectionery market size was valued at USD 206.97 billion in 2023 and is projected to grow from USD 213.74 billion in 2024 to USD 278.36 billion by 2032, exhibiting a CAGR of 3.36% during the forecast period of 2024-2032.

The pandemic has shifted the confectionery marketplace, and the demand for confectionery products depends on some stages of lockdowns that affect the delivery chains. Other factors influencing client behaviour and market trends also hindered the confectionery market growth, including increased purchasing of goods online and a change to healthier food products.

The confectionery marketplace flourishes due to rising consumer demand for indulgent treats, top-class merchandise, and innovative flavours. Increased disposable earnings and increasing distribution channels, including online sales, also drive a boom. A shift toward healthier alternatives, such as low-sugar and natural selections, also supports market enlargement.

The confectionery marketplace is witnessing a developing fashion towards easy labels and natural components. Consumers are increasingly aware of the elements utilised in the goods they devour. They are searching for confectionery items made with herbal and recognisable ingredients, expanding the confectionery market share globally. This shift in client options has induced many confectionery producers to adopt smooth-label projects, focusing on natural flavours, shades, and preservatives. Through operating on heightened degrees of transparency and authenticity, those manufacturers stand out in the marketplace and meet the needs of their customer base with particular regard to the latter’s healthy lifestyle preferences.

Comprehensive Analysis of Confectionery Market

The confectionery market is segmented by way of kind and distribution channels. By type, chocolate confectionery leads globally because of its popularity in advanced areas like North America and Europe and its growing attractiveness in developing economies driven by growing disposable earnings. Sugar and gum confectioneries also keep a large proportion, fueled by innovation in candy merchandise and increasing market presence. In phrases of distribution channels, supermarkets and hypermarkets dominate because of the number one sales structures, supplying comfort and a vast range of products, which enhances patron shopping. Additionally, manufacturers are expanding into convenience stores and online systems to cater to various client wishes and possibilities.

The Europe region led the confectionery market by benefitting a size of USD 79.44 billion in 2023 due to their heightened flavour possibilities and more excellent permissive eating conduct; clients are increasingly searching for awesome and top-rate goodies over sugar confectionery merchandise.

The leading players in the confectionery market significantly shape its growth trajectory and set industry standards. These key players, including Barry Callebaut (Zürich, Switzerland), Ferrero SpA (Alba, Italy), Nestle S.A. (Vevey, Switzerland), Mondelez International, Inc. (Illinois, U.S.), Meiji Holdings Co., Ltd. (Tokyo, Japan), The Hershey Company (Pennsylvania, U.S.), Chocoladefabriken Lindt & Sprungli AG (Zürich, Switzerland), Ezaki Glico Co., Ltd. (Osaka, Japan), HARIBO GmbH & Co. KG (Bonn, Germany), and Pladis Global (London, U.K.), contribute to a competitive landscape, driving innovation and market advancement.

In March 2023, ERF Northern America, a premier chocolate manufacturer in the U. S., released new and seasonal product lines, including the Kinder Chocolate, at the Sweets & Snacks Expo in Chicago.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate 3.36%

Unit Value (USD Billion)

Segmentation By Type

- Chocolate

- Sugar

- Gums

By Distribution Channel

- Supermarkets/Hypermarkets

- Convenience Stores

- Departmental Stores

- Online Retail

Geography

- North America (By Type, Distribution Channel, and By Country)
  • The U.S. (By Type)
  • Canada (By Type)
  • Mexico (By Type)
- Europe (By Type, Distribution Channel, and By Country)
  • U.K. (By Type)
  • France (By Type)
  • Germany (By Type)
  • Spain (By Type)
  • Italy (By Type)
  • Rest of Europe (By Type)
- Asia Pacific (By Type, Distribution Channel, and By Country)
  • China (By Type)
  • India (By Type)
  • Japan (By Type)
  • Australia (By Type)
  • Rest of Asia Pacific (By Type)
- South America (By Type, Distribution Channel, and By Country)
  • Brazil (By Type)
  • Argentina (By Type)
  • Rest of South America (By Type)
- The Middle East and Africa (By Type, Distribution Channel, and By Country)
  • South Africa (By Type)
  • UAE (By Type)
  • Rest of ME&A (By Type)


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Table of Contents

150 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Emerging Trends
4. Key Insights
4.1. Overview on the Global Parent/Related Market
4.2. Global Chocolate Consumption Trends
4.3. Global Cocoa Production Trend
4.4. Supply Chain & Regulatory Analysis
4.5. Industry SWOT Analysis
5. 4.6. Recent Industry Developments - Policies, Mergers & Acquisitions, and New Product Launches
5.1. Market Analysis and Insights (in Relation with COVID-19)
5.1.1. Impact of COVID-19 on the Market
5.1.2. Supply Chain Challenges due to the Pandemic
5.1.3. Potential Opportunities to Support the during the Calamity
6. Global Confectionery Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Type (Value)
6.2.1.1. Chocolate
6.2.1.2. Sugar
6.2.1.3. Gums
6.2.2. By Distribution Channel (Value)
6.2.2.1. Supermarkets/ Hypermarkets
6.2.2.2. Convenience Stores
6.2.2.3. Departmental Stores
6.2.2.4. Online Retail
6.2.3. By Region (Value)
6.2.3.1. North America
6.2.3.2. Europe
6.2.3.3. Asia Pacific
6.2.3.4. South America
6.2.3.5. Middle East & Africa
7. North America Confectionery Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Type (Value)
7.2.1.1. Chocolate
7.2.1.2. Sugar
7.2.1.3. Gums
7.2.2. By Distribution Channel (Value)
7.2.2.1. Supermarkets/ Hypermarkets
7.2.2.2. Convenience Stores
7.2.2.3. Departmental Stores
7.2.2.4. Online Retail
7.2.3. By Country (Value)
7.2.3.1. U.S
7.2.3.1.1. By Type (Value)
7.2.3.1.1.1. Chocolate
7.2.3.1.1.2. Sugar
7.2.3.1.1.3. Gums
7.2.3.2. Canada
7.2.3.2.1. By Type (Value)
7.2.3.2.1.1. Chocolate
7.2.3.2.1.2. Sugar
7.2.3.2.1.3. Gums
7.2.3.3. Mexico
7.2.3.3.1. By Type (Value)
7.2.3.3.1.1. Chocolate
7.2.3.3.1.2. Sugar
7.2.3.3.1.3. Gums
8. Europe Confectionery Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Type (Value)
8.2.1.1. Chocolate
8.2.1.2. Sugar
8.2.1.3. Gums
8.2.2. By Distribution Channel (Value)
8.2.2.1. Supermarkets/ Hypermarkets
8.2.2.2. Convenience Stores
8.2.2.3. Departmental Stores
8.2.2.4. Online Retail
8.2.3. By Country (Value)
8.2.3.1. U.K.
8.2.3.1.1. By Type (Value)
8.2.3.1.1.1. Chocolate
8.2.3.1.1.2. Sugar
8.2.3.1.1.3. Gums
8.2.3.2. France
8.2.3.2.1. By Type (Value)
8.2.3.2.1.1. Chocolate
8.2.3.2.1.2. Sugar
8.2.3.2.1.3. Gums
8.2.3.3. Germany
8.2.3.3.1. By Type (Value)
8.2.3.3.1.1. Chocolate
8.2.3.3.1.2. Sugar
8.2.3.3.1.3. Gums
8.2.3.4. Spain
8.2.3.4.1. By Type (Value)
8.2.3.4.1.1. Chocolate
8.2.3.4.1.2. Sugar
8.2.3.4.1.3. Gums
8.2.3.5. Italy
8.2.3.5.1. By Type (Value)
8.2.3.5.1.1. Chocolate
8.2.3.5.1.2. Sugar
8.2.3.5.1.3. Gums
8.2.3.6. Rest of Europe
8.2.3.6.1. By Type (Value)
8.2.3.6.1.1. Chocolate
8.2.3.6.1.2. Sugar
8.2.3.6.1.3. Gums
9. Asia-Pacific Confectionery Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Type (Value)
9.2.1.1. Chocolate
9.2.1.2. Sugar
9.2.1.3. Gums
9.2.2. By Distribution Channel (Value)
9.2.2.1. Supermarkets/ Hypermarkets
9.2.2.2. Convenience Stores
9.2.2.3. Departmental Stores
9.2.2.4. Online Retail
9.2.3. By Country (Value)
9.2.3.1. China
9.2.3.1.1. By Type (Value)
9.2.3.1.1.1. Chocolate
9.2.3.1.1.2. Sugar
9.2.3.1.1.3. Gums
9.2.3.2. India
9.2.3.2.1. By Type (Value)
9.2.3.2.1.1. Chocolate
9.2.3.2.1.2. Sugar
9.2.3.2.1.3. Gums
9.2.3.3. Japan
9.2.3.3.1. By Type (Value)
9.2.3.3.1.1. Chocolate
9.2.3.3.1.2. Sugar
9.2.3.3.1.3. Gums
9.2.3.4. Australia
9.2.3.4.1. By Type (Value)
9.2.3.4.1.1. Chocolate
9.2.3.4.1.2. Sugar
9.2.3.4.1.3. Gums
9.2.3.5. Rest of Asia-Pacific
9.2.3.5.1. By Type (Value)
9.2.3.5.1.1. Chocolate
9.2.3.5.1.2. Sugar
9.2.3.5.1.3. Gums
10. South America Confectionery Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Type (Value)
10.2.1.1. Chocolate
10.2.1.2. Sugar
10.2.1.3. Gums
10.2.2. By Distribution Channel (Value)
10.2.2.1. Supermarkets/ Hypermarkets
10.2.2.2. Convenience Stores
10.2.2.3. Departmental Stores
10.2.2.4. Online Retail
10.2.3. By Country (Value)
10.2.3.1. Brazil
10.2.3.1.1. By Type (Value)
10.2.3.1.1.1. Chocolate
10.2.3.1.1.2. Sugar
10.2.3.1.1.3. Gums
10.2.3.2. Argentina
10.2.3.2.1. By Type (Value)
10.2.3.2.1.1. Chocolate
10.2.3.2.1.2. Sugar
10.2.3.2.1.3. Gums
10.2.3.3. Rest of South America
10.2.3.3.1. By Type (Value)
10.2.3.3.1.1. Chocolate
10.2.3.3.1.2. Sugar
10.2.3.3.1.3. Gums
11. Middle East & Africa Confectionery Market Analysis, Insights and Forecast, 2019-2032
11.1. Key Findings / Summary
11.2. Market Size Estimates and Forecast
11.2.1. By Type (Value)
11.2.1.1. Chocolate
11.2.1.2. Sugar
11.2.1.3. Gums
11.2.2. By Distribution Channel (Value)
11.2.2.1. Supermarkets/ Hypermarkets
11.2.2.2. Convenience Stores
11.2.2.3. Departmental Stores
11.2.2.4. Online Retail
11.2.3. By Country (Value)
11.2.3.1. South Africa
11.2.3.1.1. By Type (Value)
11.2.3.1.1.1. Chocolate
11.2.3.1.1.2. Sugar
11.2.3.1.1.3. Gums
11.2.3.2. UAE
11.2.3.2.1. By Type (Value)
11.2.3.2.1.1. Chocolate
11.2.3.2.1.2. Sugar
11.2.3.2.1.3. Gums
11.2.3.3. Rest of Middle East & Africa
11.2.3.3.1. By Type (Value)
11.2.3.3.1.1. Chocolate
11.2.3.3.1.2. Sugar
11.2.3.3.1.3. Gums
12. Competitive Matrix
12.1. Business Strategies Adopted by Leading Players
12.2. Global Confectionery Market Revenue Share/Ranking Analysis, By Key Manufacturer
13. Company Profiles
13.1. Barry Callebaut
13.1.1. Overview
13.1.2. Description
13.1.3. Product Portfolio
13.1.4. Financials (Data as available in public domain and/or on paid databases)
13.1.5. Recent Developments
13.2. Ferrero SpA
13.2.1. Overview
13.2.2. Description
13.2.3. Product Portfolio
13.2.4. Financials (Data as available in public domain and/or on paid databases)
13.2.5. Recent Developments
13.3. Nestle S.A.
13.3.1. Overview
13.3.2. Description
13.3.3. Product Portfolio
13.3.4. Financials (Data as available in public domain and/or on paid databases)
13.3.5. Recent Developments
13.4. Mondelez International, Inc.
13.4.1. Overview
13.4.2. Description
13.4.3. Product Portfolio
13.4.4. Financials (Data as available in public domain and/or on paid databases)
13.4.5. Recent Developments
13.5. Meiji Holdings Co., Ltd.
13.5.1. Overview
13.5.2. Description
13.5.3. Product Portfolio
13.5.4. Financials (Data as available in public domain and/or on paid databases)
13.5.5. Recent Developments
13.6. The Hershey Compan
13.6.1. Overview
13.6.2. Description
13.6.3. Product Portfolio
13.6.4. Financials (Data as available in public domain and/or on paid databases)
13.6.5. Recent Developments
13.7. Chocoladefabriken Lindt & Sprungli AG
13.7.1. Overview
13.7.2. Description
13.7.3. Product Portfolio
13.7.4. Financials (Data as available in public domain and/or on paid databases)
13.7.5. Recent Developments
13.8. Ezaki Glico Co., ltd.
13.8.1. Overview
13.8.2. Description
13.8.3. Product Portfolio
13.8.4. Financials (Data as available in public domain and/or on paid databases)
13.8.5. Recent Developments
13.9. Haribo GmbH & Co. KG
13.9.1. Overview
13.9.2. Description
13.9.3. Product Portfolio
13.9.4. Financials (Data as available in public domain and/or on paid databases)
13.9.5. Recent Developments
13.10. Pladis Global
13.10.1. Overview
13.10.2. Description
13.10.3. Product Portfolio
13.10.4. Financials (Data as available in public domain and/or on paid databases)
13.10.5. Recent Developments
14. 13. Appendix

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