Global Confectionery Market Size is anticipated to grow at a CAGR of 3.6% during the forecast period
The global expansion of the retail sector, including hypermarkets, supermarkets, and convenience stores, together with the accessibility of a wide variety of confectionery items, are driving the market's expansion. Confectionery's market is anticipated to reach $226.2 billion in revenue in 2022 and $310.8 billion by 2030.
During the forecast
period, which runs from 2022 to 2030, the market is expected to grow at a CAGR
of 3.6%. The confectionery market is
expected to develop as a result of the ongoing introduction of innovative
goods, such as those that boost energy and are low in calories and high in
nutrition. Growing economies and rising disposable income among the populace
are additional important factors supporting the market's expansion.
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MARKET
SEGMENTATION
The type and distribution channels are the two primary
market segments covered in this analysis for candy. By kind, the confectionery
market is divided into sugar, chocolate, high-end bakery products, and others.
The hard boiled sweets, caramels & toffees, gums & jellies, medicated
confectionery, mints, and other sub-segments make up the sugar confectionery
market. The chocolate market is further divided into white, milk, dark, and
other categories. Over the course of the projected period, the market for dark
chocolate is anticipated to experience exponential expansion.
The global confectionery market is
divided into five geographic regions: North America, Latin America, Europe,
Asia-Pacific, and the Middle East and Africa. Europe seized the largest market
for candy in 2021. However, during the forecast period, Asia-Pacific is
expected to rise at a considerable CAGR. In comparison to other nations in the
Asia Pacific, the India confectionary market is anticipated to expand more
quickly.
COMPETITIVE
LANDSCAPE
The report offers comprehensive coverage of major vendors
including recent product development & industrial activities, company
overview, insights on business strategy & financial performance, company
SWOT analysis etc.
Some of the key
players mentioned in the report are Delfi Limited (Singapore), Ezaki Glico
Co., Ltd. (Japan), Ferrero SpA (Italy), Lindt & Sprngli AG (Switzerland),
Lotte Confectionery Co. Ltd. (South Korea), Mars, Incorporated (U.S.), Mondelez
International, Inc. (U.S.), Nestle S.A. (Switzerland), The Hershey Company
(U.S.), and Wm. Wrigley Jr. Company (U.S.).
SEGMENTS COVERED
Confectionery Market by Type
· Hard-Boiled
Sweets
·
Caramels & Toffees
·
Gums & Jellies
·
Medicated Confectionery
·
Mints
·
Others
· Chocolate
·
White
·
Milk
·
Dark
· Fine
Bakery Wares
· Others
Confectionery Market by Distribution Channel
· Supermarket/Hypermarket
· Confectionery
Stores
· Online
Stores
· Others
Confectionery Market by End User
· Hospitals
· Clinics
· Home
Care
· Others
Confectionery Market by Region
· North
America
· Asia
Pacific
· Europe
· Latin
America
· Middle
East & Africa
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