Press release
Confectionery Market 2022 SWOT Analysis and Key Business Strategies by Leading Players – Mars, Incorporated, Mondelez International, Nestle
The global confectionery market is registering at a CAGR of 3.6% valued at $370.3 billion in 2019, and is projected to reach $421.5 billion by 2028,Global “Confectionery Market” report provides a meticulous analysis of market dynamics, current developments, and trending business strategies. This report gives a comprehensive analysis of different segments on the basis of type, application, and region. It Offers Qualitative and Quantitative Analysis of Market Size, Share, Future Growth Opportunities, and Current Trends. This comprehensive research offers a detailed analysis of market development and growth factors, product launches, joint ventures, mergers, and acquisitions. The study recalibrates the impact of macroeconomic and microeconomic factors that has the potential to impact the expansion of the Confectionery market. Additionally, this report highlights the challenges impeding market growth and expansion strategies employed by leading companies in the Confectionery Market.
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Top Companies in the Global Confectionery Market: –
Mars, Incorporated, Mondelez International, Nestle, Meiji Holdings, Ferrero Group, The Hershey Company, Arcor, Perfetti Van Melle, Haribo, Lindt and Sprüngli, Barry Callebaut, Yıldız Holding, August Storck, General Mills, Orion Confectionery, United Confectioners, LOTTE Confectionery, Bourbon, Crown Confectionary, ROSHEN Corporation, Ferrara Candy Company, Orkla ASA, Raisio Group, Morinaga and Company, Cemoi, Jelly Belly Candy Company, Cloetta AB, Ritter Sport, Petra Foods Limited, Amul *
Market Overview:
Consumer habits, tastes, and preferences are constantly evolving. This has led to innovation in the field of confectionery that drives the market growth. Manufacturers are increasing their product range by including functional ingredients, organic herbal fillings, tropical fruit, and nut-based & exotic flavors in product formulations to meet changing consumer demands. Furthermore, the trend of gifting confectionery products, such as cookies, chocolates, bakery items, and others, has enabled to propel the market growth in the recent years. Brands are constantly establishing unique engaging techniques to seek consumer attention as confectionery products are significantly purchased as a result of impulse buying. These factors have cumulatively enabled to drive the market for confectionery products. However, the volatile nature of raw material prices of sugar and cocoa can hamper the growth of the market.
Global Confectionery Market Segmentation by Types:
Sugar Confectionery
Chocolate
Gum
Pastilles
Global Confectionery Market Segmentation by Applications:
Hypermarkets
Supermarkets
Small Retail Shops
Online
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The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
Europe accounted for the major share in the global market and accounted for USD 73.41 billion in 2020. The consumers are intensively looking for quality and premium chocolates over the sugar confectionery products, owing to their increased taste preferences and permissive eating habits. The combination of work-life, health concerns and individual desires among the consumers is one of the major factors that are becoming influential motivators to consume confectioneries in their daily routine.
Asia Pacific held the second largest confectionery market share and holds immense potential for chocolate product consumption worldwide. Rapid urbanization, increasing disposable income, young and dynamic population, and easy availability of confectioneries in consumer packs are the major reasons for the regional market's growth. The manufacturers are utilizing such opportunities by intensively capitalizing on facility expansions and mergers & acquisitions with regional players.
Table of content:
- Confectionery Industry Overview
- Confectionery Up and Down Stream Industry Analysis
- Confectionery Marketing Channels Development Proposals Analysis
-Development Environmental Analysis
- Confectionery New Project Investment Feasibility Analysis
- Confectionery Industry Conclusions
-Global Confectionery Industry Development Trend
-Global Confectionery Industry Research Conclusions
Continue…
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Reasons to Invest:
Market Size Forecasts: The authors of the report have provided accurate estimation of the global Confectionery market size based on value and volume
Market Trend Analysis: This section of the report throws light on the approaching trends and developments in the global Confectionery market
Future Prospects: The report here offers crucial information on the rewarding opportunities in the global Confectionery market
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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