Global Confectionery Market By Type (Chocolate, Sugar Candy & Gum Candy), By Distribution Channel (Supermarkets/Hypermarket, Independent Grocery Stores, Convenience Stores/Forecourt Retailers, Departmental Store, Non-Store Retailing (Online Store)), By Region, Competition Forecast & Opportunities, 2016-2026F
Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationThe global confectionery market is projected to grow at a CAGR of 4.85% during 2021-2026F to reach USD244.25 billion by 2026F on account of increasing demand for ready-to-eat products, as well as changing tastes and preferences of consumers while choosing the products. The manufacturers are increasing the variety of products to meet the changing market demands by adding ingredients such as tropical fruits, nuts and organic herbal fillings and exotic flavors in product formulations. Moreover, factors such as rising population, emerging premium confectionery segments, and entry of various players are further fueling the confectionery market at the global level.
People like to celebrate festivals by gifting sweets. Moreover, today’s generation prefers sugar-free chocolates or organic candies/chocolates over those unhealthy sweets. The confectionery industry is one of the synchronized and well-developed sectors among other sectors in the world and has become an attractive destination for investments and several large multinational companies are entering this market.
Consumption of chocolates led to increasing health issues such as weight gain, diabetes, and dental problems caused because of high sugar intakes.
Okay, so the confectionery world – all those yummy treats! – can be sliced up in a few wayswhat kind of treat it is, where you buy it, and where in the world it's popular. When it comes to type, you've got your chocolates, your sugary candies, and your gum. And right now, chocolate is king! That's probably because companies keep coming up with cool new chocolates and really push their brands. Plus, people are increasingly buying fancy premium chocolates and candies as gifts for holidays and special events. As for where you buy all this deliciousness, the market breaks down into places like supermarkets/hypermarkets, those little independent grocery stores, convenient stores and gas stations, department stores, and even online retailers that don't have a physical storefront.
You've got Mondelez International, Mars, Incorporated, Ferrero Group, Nestle S.A., The Hershey Company, and a bunch of other players all vying for a piece of the confectionery pie. And guess who's on top globally? It's Mars Incorporated, believe it or not, that company's actually European! They're really going after everyone, from kids to adults, and aren't too picky about whether you're lower class or upper-middle class – they want your sweet tooth money! Plus, they've got factories everywhere, so they can get their goodies to you no matter where you are. Speaking of goodies, back in March 2021, Mars Wrigley teamed up with Danimer Scientific, those biodegradable packaging gurus, to create some cool compostable wrappers for a more sustainable planet. Pretty neat, huh?
Years considered for this report
Historical Years2016-2019
Base Year2020
Estimated Year2021E
Forecast Period2022F–2026F
Objective of the Study
- To analyze the historical growth in the market size of the global confectionery market from 2016 to 2020.
- To estimate and forecast the market size of the global confectionery market from 2021 to 2026F and growth rate until 2026F.
- To classify and forecast the global confectionery market based on type, distribution channel, company, and region.
- To identify the dominant region or segment in the global confectionery market.
- To identify drivers and challenges for the global confectionery market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global confectionery market.
- To conduct pricing analysis for the global confectionery market.
- To identify and analyze the profile of leading players operating in the global confectionery market.
- To identify key sustainable strategies adopted by market players in the global confectionery market.
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marketinsights Research performed both primary as well as exhaustive secondary research for this study. Initially, marketinsights Research sourced a list of manufacturers across the globe. Subsequently, marketinsights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, marketinsights Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. marketinsights Research analyzed the manufacturers, distribution channels, and presence of all major players across the country.
marketinsights Research calculated the market size of the global confectionery market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. marketinsights Research sourced these values from the industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by marketinsights Research.
Key Target Audience
- Manufacturers, distributors, and end-users
- Market research and consulting firms
- Government bodies such as regulating authorities and policymakers
- Organizations, forums, and alliances related to confectionery
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope
In this report, the global confectionery market has been segmented into the following categories, in addition to the industry trends which have also been detailed below
Global Confectionery Market, By Type
- Chocolate
- Sugar Candy
- Gum Candy
- Global Confectionery Market, By Distribution Channel
- Supermarkets/Hypermarket
- Independent Grocery Stores
- Convenience Stores/Forecourt Retailers
- Departmental Store
- Non-Store Retailing (Online Store)
- Global Confectionery Market, By Region
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- UAE
- Saudi Arabia
Competitive Landscape
Company Profiles
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Company Information
- Detailed analysis and profiling of additional market players (up to five).
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