Confectionery Market Size, Share, and Industry Report [2031]

Confectionery Market Size, Share, and Industry Report [2031]

Segments - Confectionery Market by Product Types (Chocolate Confectionary [Dark Chocolate and White & Milk Chocolate], Sugar Confectionery [Boiled Sweets, Toffees, Caramels, and Nougat, Pastilles, Gums, Jellies, and Chews, Mints, and Others], Snack Bars [Cereal Bars, Energy Bars, and Others]), Distribution Channels (Supermarkets/Hypermarkets, Specialist Retailers, Online Retail Stores, Convenience Stores, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2023-2031

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Author : Anuradha B. More
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Fact-checked by : Vaibhav Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :FB-2945 | 4.1 Rating | 76 Reviews | 200 Pages | Format : PDF Excel PPT

Report Description


Confectionery Market Outlook 2031

The Confectionery Market was USD 311.02 Billion in 2022 and is likely to reach USD 454.30 Billion, expanding at CAGR of 4.3% during 2023 – 2031. Many confectionery products contain sweeteners, such as sugar. The texture, appearance, and elasticity are improved by using a variety of ingredients. These ingredients act as thickening and gelling agents.

Currently, confectionery products such as cookies, chocolates, and bakery items are part of the trend that can provide lucrative growth opportunities to market players. The result is that manufacturers are working to increase their product portfolio by incorporating exotic flavors of confectionery, nut-based flavors, and tropical flavors to support consumer tastes.

Confectionery Market Outlook

  • Growing demand for low-calorie confectioneries is rapidly driving the market.
  • Rapid urbanization and changing dietary habits are expected to drive the global market.
  • Developing automation technology coupled with a combination of various flavors creating innovative new confectionery products is anticipated to spur the growth of the global market.
  • Consumption of confectionery food items can improve mental health and lowers the risk of cardiovascular diseases, which in turn, increases the consumption of confectionery food items.
  • Fluctuating prices of the raw materials can restrain the market growth.
  • Increasing consumption of confectionery products can lead to obesity, cavities and acne and may hamper the growth of the confectionery market in the long run.
  • The trend of gifting confectionery products, such as cookies and chocolates have enabled the rapid growth of the market.

Scope of Confectionery Market Report

The report on confectionery market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Confectionery Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2022

Historic Data

2016 - 2021

Forecast Period

2023 – 2031

Segementation

Types (Chocolate Confectionary [Dark Chocolate and White & Milk Chocolate], Sugar Confectionery [Boiled Sweets, Toffees, Caramels, and Nougat, Pastilles, Gums, Jellies, and Chews, Mints, and Others], Snack Bars [Cereal Bars, Energy Bars, and Others]), Distribution Channels (Supermarkets/Hypermarkets, Specialist Retailers, Online Retail Stores, Convenience Stores, and Others)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

Nestle S.A., Mondelez International, Inc., The Hershey Company, Mars Incorporated, HariboGmbh& Co. K.G., Barry Callebaut, Meiji Holdings, Pladis Global, Ferrero Group, Chocoladefabriken Lindt &Sprungli AG, and Ezaki Glico Co. Ltd

Confectionery Market Segment Insights

Sugar confectionery segment is projected to hold significant market share

In the terms of product types, the market can be divided into chocolate confectionary, sugar confectionery, and snack bars. The chocolate confectionary segment can be further divided into dark chocolate and white & milk chocolate. The sugar confectionery segment can be further divided into boiled sweets, toffees, caramels, and nougat, pastilles, gums, jellies, and chews, mints, and others. The snack bars segment can be further divided into cereal bars, energy bars, and others.

The sugar confectionery segment is projected to hold a significant market share. Based on the increasing preference for sugar-based products among people of all ages during the forecast period is driving the growth of the market segment. Sweets have been eaten for centuries to celebrate any occasion. It is common for sugar-based food products to be given as gifts in many countries, reflecting the preference for confectionery products.

Confectionery Market Product Type

Supermarkets/Hypermarkets segment is anticipated to account for a substantial share

Based on distribution channels, the confectionery market can be bifurcated into supermarkets/hypermarkets, specialist retailers, online retail stores, convenience stores and others. The supermarkets/hypermarkets segment is anticipated to account for a substantial share. The one stop solution makes it a favored option for shopping. On the other hand, the specialist retailers segment is estimated to grow at a rapid pace in the coming years.

Confectionery Market Distribution Channels

Asia Pacific is expected to dominate the market

In terms of regions, the confectionery market is classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market due to growing youth population, rising demand for the confectioneries owing to its delicious taste, rising penetration of supermarkets in the urban areas, growing infrastructure for the distribution of products, presence of online food delivery platforms and online groceries, and increasing demand for the savory food items.

Confectionery Market Region

Segments

By Product Types

  • Chocolate Confectionary
    • Dark Chocolate
    • White & Milk Chocolate
  • Sugar Confectionery
    • Boiled Sweets
    • Toffees, Caramels, and Nougat
    • Pastilles, Gums, Jellies, and Chews
    • Mints
    • Others
  • Snack Bars
    • Cereal Bars
    • Energy Bars
    • Others

By Distribution Channels

  • Supermarkets/Hypermarkets
  • Specialist Retailers
  • Online Retail Stores
  • Convenience Stores
  • Others

By Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

By Key Players

  • Nestle S.A.
  • Mondelez International, Inc.
  • The Hershey Company
  • Mars Incorporated
  • HariboGmbh& Co. K.G.
  • Barry Callebaut
  • Meiji Holdings
  • Pladis Global
  • Ferrero Group
  • Chocoladefabriken Lindt &Sprungli AG
  • Ezaki Glico Co. Ltd

Competitive Landscape

Key players in the confectionery market are Nestle S.A., Mondelez International, Inc., The Hershey Company, Mars Incorporated, HariboGmbh& Co. K.G., Barry Callebaut, Meiji Holdings, Pladis Global, Ferrero Group, Chocoladefabriken Lindt &Sprungli AG, and Ezaki Glico Co. Ltd. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Confectionery Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Confectionery Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Confectionery Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Confectionery Market - Supply Chain
  4.5. Global Confectionery Market Forecast
     4.5.1. Confectionery Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Confectionery Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Confectionery Market Absolute $ Opportunity
5. Global Confectionery Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Confectionery Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Confectionery Demand Share Forecast, 2019-2026
6. North America Confectionery Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Confectionery Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Confectionery Demand Share Forecast, 2019-2026
7. Latin America Confectionery Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Confectionery Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Confectionery Demand Share Forecast, 2019-2026
8. Europe Confectionery Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Confectionery Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Confectionery Demand Share Forecast, 2019-2026
9. Asia Pacific Confectionery Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Confectionery Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Confectionery Demand Share Forecast, 2019-2026
10. Middle East & Africa Confectionery Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Confectionery Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Confectionery Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Confectionery Market: Market Share Analysis
  11.2. Confectionery Distributors and Customers
  11.3. Confectionery Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Nestle S.A.
     11.4.2. Mondelez International, Inc.
     11.4.3. The Hershey Company
     11.4.4. Mars Incorporated
     11.4.5. HariboGmbh& Co. K.G.
     11.4.6. Barry Callebaut
     11.4.7. Meiji Holdings
     11.4.8. Pladis Global
     11.4.9. Ferrero Group
     11.4.10. Chocoladefabriken Lindt &Sprungli AG
     11.4.11. Ezaki Glico Co. Ltd

Methodology

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