Confectionery Market 2021 Industry Trends, Share and Size, Complete Data Analysis across the Region and Globe, Opportunities and Growth Forecast 2025

REPORT HIGHLIGHT

The Confectionery Market is estimated to represent a global market of USD 157.8 billion by 2017 with growth rate of 20.9%.

Market Taxonomy

The confectionery industry covers the variety of products such as chocolate countlines, boxed chocolate, licorice, bubble gum and chewing gum, molded bars, novelties, chocolate straightlines, lollipops, caramels, medicated confectionery, mints. The industry is estimated according to the retail selling price (RSP) of products. Rising disposable income, growing trend of gifting confectionery products and increasing urbanization is driving the market growth significantly. Production innovation also plays a strategic role in developing this industry to some extent. However, increasing health awareness is anticipated to hamper the market growth.

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Types Takeaway

The type segment is categorized as Chocolate, Sugar and Gum confectionery. Among which, chocolate confectionery is accounted for the highest revenue share, amounting for more than 53% of the overall market’s value. Wide range of product categories coupled with growing number of customers buying chocolate confectionery as luxury or gift items supported the growth of this product segment. In terms of distribution channels, the industry is divided as Convenience Store, Hypermarkets, and others.

Global Confectionery Market, by Type, 2017 (Value%)

Regional Takeaway

Regionally, developed regions such as North America and Europe accounted for the highest share of the overall industry. High brand loyalty coupled with aggressive marketing strategies by domiciled players has helped these regions to capture significant revenue share. European region is expected to be on the top spot due to the high demand for confectionery products. On contrary, regions such as Asia Pacific and Latin America is projected to grow with significant growth rate owing to the large customer base and increasing product demand.

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Key Vendor Takeaway

The industry is characterized by the presence of sheer number of companies and their dependence on the food market increases competitive rivalry level. Key players such as Mondelez International, The Hershey Company, Mars, Incorporated and Nestlé are profiled in extensively. Mondelez and Mars collectively accounted for the significant share of the overall market owing to the large product portfolio and geographic reach. Companies are actively engaged in product differentiation and strong branding strategies to capture large customer base.

The market size and forecast for each segment and sub-segments has been considered as below:

Historical Year – 2014 & 2016

Base Year – 2017

Estimated Year – 2018

Projected Year – 2025


TARGET AUDIENCE

Traders, Distributors, and Suppliers

Manufacturers

Government and Regional Agencies and Research Organizations

Consultants

Distributors


SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:


MARKET, BY TYPES

Chocolate Confectionery

Sugar Confectionery

Gum Confectionery


MARKET, BY DISTRIBUTION CHANNEL

Convenience Store

Hypermarkets

Others


MARKET, BY REGION

North America

U.S.

Canada

Europe

Germany

France

Rest of Europe

Asia Pacific

India

China

Rest of APAC

Rest of the World

Middle East and Africa

Latin America


About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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