Availability of wide range of confectionery products coupled with expansion of retail market such as hypermarkets, supermarkets and convenience stores across the globe are impelling the growth of confectionery market. The market size of confectionery is estimated to be $226.2 billion in 2021 and projected to reach $310.8 billion by 2030. The market is anticipated to flourish at a CAGR of 3.6% during forecast period i.e. 2021-2030. Continuous launch of new confectionery products such as energy boosts, low-calorie and nutritious products is believed to positively impact the growth the growth of confectionery market. Further, growing economies and increasing disposable income of the population is a major factor which is supplementing the growth of the market.
Market Segmentation:
This report broadly segments the global confectionery market into type and distribution channels. The confectionery market, by type is segmented into sugar, chocolate, fine bakery wares and others. The sugar confectionery market is sub-segmented into hard boiled sweets, caramels & toffees, gums & jellies, medicated confectionery, mints and others. The chocolate segment is also further sub-segmented into white, milk, dark, and others. In chocolate segment, dark chocolate market is expected to witness exponential growth over the forecast period. On the basis of distribution channels, the global confectionery market is segmented into supermarket/hypermarket, confectionery stores, online stores and others. In 2020, supermarket/hypermarket segment held the largest percentage share of the global confectionery market by distribution channel.
In the terms of geography, the global confectionery market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. In 2020, Europe grabbed the major market of the confectionery. However, Asia-Pacific is poised to grow at significant CAGR during the forecast period. India confectionery market is expected to grow at faster rate as compared to other countries in Asia Pacific.
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.).
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
- Sugar
- 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 Region
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East & Africa
Report Structure
The confectionery market report offers a comprehensive market breakdown on the basis of value, volume, CAGR, and Y-o-Y growth. A market attractiveness analysis on the basis of type,distribution channel and region is also provided in the report which helps you build a 360 degree perspective on the confectionery market.
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