The Confectionery Market Size was valued at USD 314.75 billion in 2022 and is expected to reach USD 447.61 billion by 2030, and grow at a CAGR of 4.5% over the forecast period 2023-2030.
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.
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.
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.
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.
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
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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 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.
Incorporated-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 314.75 Billion |
| Market Size by 2030 | US$ 447.61 Billion |
| CAGR | CAGR 4.5% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020-2021 |
| 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. |
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 Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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
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