Confectionery Market Size is estimated to grow at a CAGR of 3.6% during the forecast period

 

The confectionery market is growing due to the availability of a large variety of confectionery goods and the global expansion of retail stores, supermarkets, and hypermarkets. Confectionery is expected to have a $226.2 billion market in 2022 and grow to $310.8 billion by 2030. It is projected that the market would grow at a compound annual growth rate (CAGR) of 3.6% from 2022 to 2030.

It is thought that the constant introduction of new confectionary items, such as nutrient-dense, low-calorie, and energy-boosting options, will have a favourable effect on the market's expansion. Moreover, a significant component supporting market expansion is the population's rising disposable income and expanding economies.

 

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MARKET SEGMENTATION

The worldwide confectionery market is divided into two main segments in this report: type and distribution channels. Type-wise, the confectionery market is divided into categories such as sugar, chocolate, luxury bakery goods, and others. Hard-boiled sweets, caramels and toffees, gums and jellies, medicinal confectionery, mints, and other products are the sub-segments of the sugar confectionery market. White, milk, dark, and other chocolate varieties are further subdivided within the overall chocolate market. Throughout the course of the forecast period, the dark chocolate market is anticipated to rise exponentially in the chocolate segment.

The global confectionery market is divided into supermarket/hypermarket, confectionery stores, internet stores, and others based on distribution channels. According to distribution channel, the supermarket/hypermarket category held the biggest percentage share of the worldwide candy market in 2021.

SCOPE OF THE REPORT

This market report provides in-depth market analysis and insight of market drivers, challenges, trends & opportunities.

SEGMENTS COVERED

Confectionery Market by Type

·        Hard-Boiled Sweets

o   Caramels & Toffees

o   Gums & Jellies

o   Medicated Confectionery

o   Mints

o   Others

·        Chocolate

o   White

o   Milk

o   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

 

COMPETITIVE LANDSCAPE

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.).

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                   

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