A recent report published by Infinium Global Research on the confectionery market provides in-depth analysis of segments and sub-segments in the global as well as regional confectionery market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional confectionery market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global confectionery market. According to the report, the global confectionery market is projected to grow at a CAGR of 2.97% over the forecast period of 2019-2025.
Confectionery is one of the growing sectors globally. The confections are generally low in nutrients and high in calories. The rising popularity of sugar-free confections are is observed in recent years owing to factors including increasing obesity rate, increasing the number of diabetic patients, increasing nutritional and health concerns, and changing lifestyle. The Confectionery is largely divided into two categories including sugar confectionery and bakers’ confectionery. The sugar confectionery includes sweets, candies, chocolates, and chewing gum. While the bakers’ confectionery includes pastries, cakes, doughnuts, and cookies.
The wide range of products available in the market is majorly driving the confectionery market. Many of the market players offer a variety of products in different shapes and flavors. Moreover, the rapidly changing dietary habits of the population are expanding the growth of the confectionery market. The growing globalization is changing consumer behavior and habits. Increasing Western influence and urbanization in emerging countries like China and India has augmented the demand for various types of confectioneries. Furthermore, the increase in the disposable income of the people is supporting the demand for confectioneries. Growing industrialization and stabilizing economic conditions in developing countries encourage consumers to spend more money. However, increasing the cost and shortage of the raw materials required for confectioneries is the major restraining factor for the growth of the confectionery market. Nevertheless, innovations in the products and increasing demand for sugar-free, organic, and low-calorie products are expected to offer lucrative opportunities for the key players in the confectionery market.
Regionally, Europe held the highest market share, dominating the global confectionery market. The dominance of the Europe market attributed to the high demand for sweets and chocolate and the high disposable income of the population. Moreover, the presence of the key players in the market is expected to boost the growth of the confectionery market in this region. While the Asia Pacific market for confectionery has registered the fastest growth owing to the increasing spending capacity of the consumers and changing dietary habits.
The report on the global confectionery market covers segments such as type. On the basis of type, the sub-markets include chocolate, sugar confectionery, gums, and other types.
The report provides profiles of the companies in the market such as Ferrero International S.A., Mars, Inc., Nestlé S.A., Hershey Food Corp., Lotte Corporation, Chupa Chups SA, Mondel?z International, Inc., Lindt & Sprüngli AG, United Confectionery Manufacturers, Ezaki Glico Co., Ltd., and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the confectionery market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.