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Confectionery Market

Confectionery Market Size, Share and Segmentation by Product Type (Hard-Boiled Sweets, Mints, Gums & Jellies, Chocolate, Caramels & Toffees, Medicated Confectionery, Fine Bakery Wares, and Others), by Age Group (Children, Adult, and Geriatric), by Price Point (Economy, Mid-Range, and Luxury), by Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Pharmaceutical & Drug Stores, Food Services, Duty-Free Outlets, E-Commerce, and Others), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/F&B/1502 | May 2022 | Region: Global | 130 Pages

Report Scope & Overview:

The Confectionery Market Size was valued at USD 301.2 billion in 2021 and is expected to reach USD 409.8 billion by 2028, and grow at a CAGR of 4.5% over the forecast period 2022-2028.

Confectionery alludes to food things that are wealthy in sugar and carbs. It incorporates a wide scope of items like chocolates, treats, bars, chewy candies, mints, and others.

Confectionery Market Revenue Graph

Shopper propensities, tastes, and inclinations are continually advancing. This has prompted development in the field of confectionery that drives market development. Makers are expanding their item range by including useful fixings, natural homegrown fillings, tropical organic products, and nut-based and fascinating flavors in item definitions to fulfill changing shopper needs.

Moreover, the pattern of giving sweet shop items, like treats, chocolates, pastry kitchen things, and others, has empowered to move the market development in the new year. Brands are continually laying out one-of-a-kind connections with procedures to look for customer consideration as ice cream parlor items are essentially bought because of motivation purchasing. These elements have aggregately empowered to drive the market for confectionery items. In any case, the unpredictable idea of unrefined substance costs of sugar and cocoa can hamper the development of the market.

Market Dynamics:

Driving Factors:

  • Customer propensities, tastes, and inclinations are continually developing.

  • The pattern of giving sweet shop items, like treats, chocolates, pastry kitchen things, and others.

Restraining Factors:

  • The volatile nature of raw material prices of sugar and cocoa.

  • Vacillations in the cost of natural substances.

Opportunity:

  • Vacillations in the cost of natural substances.

Challenges:

  • Accomplishing supportability.

Impact of Covid-19:

The episode of COVID-19 seriously affects the sweet shop market. The severe guidelines and lockdown over the span of 2020 have prompted repercussions in the candy parlor business, which caused a differential effects on unrefined substance supply (farming produce, food fixings, and moderate food items), exchange and planned operations, request supply instability, questionable customer interest, and impacted the labor force at the modern level. One of the main considerations that impacted the confectionery industry during the lockdown was deals decline because of decreased giving and motivation purchasing among buyers across the globe.

Market Estimations:

Under the item type, the market is fragmented into chocolate (dull chocolate and white chocolate), sugar candy parlor (bubbled confectionery, mints, pastilles, gums, jams and bites, toffees, caramels and nougat, and other sugar-sweet shop items) and lunchroom (grain bars, energy bars, and another café). The dissemination channel is divided into general stores and hypermarkets, odds and ends shops, online retail locations, expert retailers, candy machines, and other conveyance channels.

Key Market Segments:

By Product Type:

  • Hard-boiled Sweets

  • Mints

  • Gums & Jellies

  • Chocolate

  • Caramels and Toffees

  • Medicated Confectionery

  • Fine Bakery Wares

  • Others

By Age Group:

  • Children

  • Adult

  • Geriatric

By Price Point:

  • Economy

  • Mid-Range

  • Luxury

By Distribution Channel:

  • Supermarket/Hypermarket

  • Convenience Stores

  • Pharmaceutical & Drug Stores

  • Food Services

  • Duty-free Outlets

  • E-commerce

  • Others

Confectionery Market Segment Chart

Regional Analysis:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Europe made the biggest commitment to the worldwide market. The rising prominence and interest in chocolate ice cream parlor items is pushing the development of the market. In addition, the rising customer's inclination for natural, and worth-added normal fixings items are the central point driving the market development. Moreover, consistently changing buyers' ways of life and dietary patterns are speeding upmarket development.

The Asia Pacific is the quickest developing business sector. China, India, and Japan have a gigantic purchaser base for the utilization of dessert shops, which will drive the provincial interest. Also, the area is supposed to develop with the most sped-up development rate over the figure period inferable from the developing discretionary cash flow and rising populace.

Key Players:

Key players of confectionary markets are Mars, Incorporated, Mondelez International, Inc., Nestlé S.A., Ferrero Group, Meiji Co., Ltd., The Hershey Company, Chocoladefabriken Lindt & Sprüngli AG, Ezaki Glico Co., Ltd., Haribo GmbH & Co. K.G., and Pladis.

Confectionery Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 301.2 Billion
Market Size by 2028 US$ 409.8 Billion
CAGR CAGR 4.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Product Type (Hard-Boiled Sweets, Mints, Gums & Jellies, Chocolate, Caramels & Toffees, Medicated Confectionery, Fine Bakery Wares, and Others)
• by Age Group (Children, Adult, and Geriatric)
• by Price Point (Economy, Mid-Range, and Luxury)
• by Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Pharmaceutical & Drug Stores, Food Services, Duty-Free Outlets, E-Commerce, and Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Mars, Incorporated, Mondelez International, Inc., Nestlé S.A., Ferrero Group, Meiji Co., Ltd., The Hershey Company, Chocoladefabriken Lindt & Sprüngli AG, Ezaki Glico Co., Ltd., Haribo GmbH & Co. K.G., and Pladis.
Key Drivers •Customer propensities, tastes, and inclinations are continually developing.
•The pattern of giving sweet shop items, like treats, chocolates, pastry kitchen things, and others.
Market Challenges: •Accomplishing supportability.


Frequently Asked Questions (FAQ) :

Ans: The chocolate confectionery segment is projected to make a foothold in the worldwide confectionery Market.

Ans: Customer propensities, tastes, and inclinations are continually developing and Vacillations in the cost of natural substances are the elements driving and resulting in opportunities for the Confectionery Market.

Ans: Product Type, Age Group, Price Point, and Distribution Channel segments are covered in the Confectionery Market.

Ans: Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.

Ans: The Global Confectionery Market Size was valued at USD 30.1.2 billion in 2021 


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 Covid 19 Impact Analysis

4.2 Impact of the Ukraine and Russia war

 

5. Value chain analysis

 

6. Porter’s 5 forces model

 

7.  PEST analysis

 

8. Global Confectionary Market segmentation, by Product Type

8.1 Hard-boiled Sweets

8.2 Mints

8.3 Gums & Jellies

8.4 Chocolate

8.5 Caramels and Toffees

8.6 Medicated Confectionery

8.7 Fine Bakery Wares

8.8 Others

 

9.  Global Confectionary Market segmentation, Age Group

9.1 Children

9.2 Adult

9.3 Geriatric

 

10. Global Confectionary Market segmentation by Price Point

10.1 Economy

10.2 Mid-Range

10.3 Luxury

 

11. Global Confectionary Market segmentation by Distribution Channel

11.1 Supermarket/Hypermarket

11.2 Convenience Stores

11.3 Pharmaceutical & Drug Stores

11.4 Food Services

11.5 Duty-free Outlets

11.6 E-commerce

11.7 Others

 

12. Global Confectionary Market, by region/ country

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13. Company profiles

13.1 Mars, Incorporated

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 Swot Analysis

13.1.4 The SNS View

13.2 Mondelez International, Inc.

13.3 Nestlé S.A.

13.4 Ferrero Group, Meiji Co., Ltd.

13.5 The Hershey Company

13.6 Chocoladefabriken Lindt & Sprüngli AG

13.7 Ezaki Glico Co., Ltd.

13.8 Haribo GmbH & Co. K.G.

13.9 Pladis.

 

14. Competitive Landscape

14.1 Competitive Bench Marking

14.2 Market Share Analysis

14.3 Recent Developments

 

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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