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Confectioneries have been a popular commodity across the world. There has been a rise in the demand for confectioneries, especially one with low calorie ingredients due to increasing health consciousness. The rise in demand can also be due to the fact that sweets are increasingly being seen as affordable, due to rising incomes across different countries. Over the historical period, confectionery companies have also released newer brands and chocolates in order to cater to different tastes as well as to suit different diets, which is expected to be continued in the forecast period 2021-2026, with positive results for the sales. The raw materials required to make confectioneries are usually sugar and cocoa, whose changing prices can negatively impact the profitability of confectioneries. During the COVID-19 pandemic, sales of confectioneries were severely hit due to disrupted supply chains and low shop clearance rates. This is expected to abate in the coming year because of alternatives like e-commerce and falling rates of COVID-19 due to vaccination or immunity.
The Hershey Company (NYSE: HSY) is an American multinational company, which is one of the largest manufacturers of chocolate-based confectioneries. It has other non-chocolate products like biscuits, cakes, drinks and milkshakes. With resurging sales in 2021, the company, like other confectionery companies, is expected to be a lucrative option for investment.
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The major players in the global confectionery market are the Hershey Company, Ferrero SpA, Mars, Incorporated, Nestlé SA, Chocoladefabriken Lindt & Sprüngli AG, and Mondelez International, Inc., amongst others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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