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Australia Confectionery Market Size, Share, Growth: By Product Type: Hard-boiled Sweets, Mints, Gums and Jellies, Chocolate, Caramels and Toffees, Medicated Confectionery, Fine Bakery Wares, Others; By Age Group: Child, Adult, Geriatric; By Price Point; By Distribution Channel; Regional Analysis; Competitive Landscape; 2024-2032
Australia Confectionery Market Outlook
The Australia confectionery market size reached USD 3.74 billion in 2023. The market is expected to grow at a CAGR of 2.2% between 2024 and 2032, reaching almost USD 4.55 billion by 2032.
Key Takeaways:
- In 2022, Australia emerged as the 25th largest exporter of chocolate globally, with exports totalling USD 262 million. Key export destinations for Australian chocolate included New Zealand, Japan, Malaysia, the Philippines, and China, with Japan experiencing the most significant growth in imports from Australia between 2021 and 2022, followed by the United States and the Philippines.
- Australia ranked 17th globally, importing USD 472 million worth of chocolate in 2022. Notably, Germany, Italy, New Zealand, the United States, and Belgium were among the primary sources of chocolate imports for Australia, with the United States, Germany, and Poland witnessing the fastest growth in import markets between 2021 and 2022.
The Australia confectionery market is adapting to the evolving consumer preferences, particularly a shift towards healthier options with lower sugar and fat content. With growing concerns about obesity, consumers are gravitating towards sugar-free and fat-free confectionery, prompting operators to expand their product offerings. Additionally, the rise of the vegan trend has led to an increase in vegan confectionery products on the market.
Despite a decline in the overall number of confectionery enterprises, the sector is witnessing a rise in small-scale operators and boutique producers. Established brands like Nestlé are innovating to meet consumer demands, reducing sugar content, and exploring natural ingredients.
Organic products are gaining popularity, particularly organic chocolate, as brands cater to consumer preferences for healthier indulgences. Alongside health concerns, there's a push for eco-friendly packaging solutions, with operators increasingly adopting biodegradable plastics and recycled materials.
The confectionery market encompasses chocolate, gum, and sugar confectionery products, including a variety of sweets, mints, gums, jellies, and medicated throat lozenges. Despite technological advancements like automation and 3D printing, the industry remains focused on meeting changing consumer demands for healthier, more sustainable options while maintaining taste and indulgence playing a crucial role in the Australia confectionery market development.
Market Segmentation
Australia Confectionery Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Hard-boiled Sweets
- Mints
- Gums and Jellies
- Chocolate
- Caramels and Toffees
- Medicated Confectionery
- Fine Bakery Wares
- Others
Market Breakup by Age Group
- Child
- Adult
- Geriatric
Market Breakup by Price Point
- Economy
- Mid-Range
- Luxury
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Channels
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Western Australia
- Australian Capital Territory
- Others
Competitive Landscape
The major market players are investing greater amounts in social media marketing, promotional activities, and advertising campaigns in order to increase their global footprint.
- Nestlé Australia Ltd.
- Ferrero International
- Mars, Incorporated
- Mondelez Global LLC
- Australian Sweet Co.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
|
| Breakup by Age Group |
|
| Breakup by Price Point |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Confectionery Market Overview
8.1 Key Industry Highlights
8.2 Australia Confectionery Historical Market (2018-2023)
8.3 Australia Confectionery Market Forecast (2024-2032)
9 Australia Confectionery Market by Product Type
9.1 Hard-boiled Sweets
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Mints
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Gums and Jellies
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Chocolate
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Caramels and Toffees
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Medicated Confectionery
9.6.1 Historical Trend (2018-2023)
9.6.2 Forecast Trend (2024-2032)
9.7 Fine Bakery Wares
9.7.1 Historical Trend (2018-2023)
9.7.2 Forecast Trend (2024-2032)
9.8 Others
10 Australia Confectionery Market by Age Group
10.1 Child
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Adult
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Geriatric
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Australia Confectionery Market by Price Point
11.1 Economy
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Mid-Range
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Luxury
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Australia Confectionery Market by Distribution Channel
12.1 Supermarkets and Hypermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Convenience Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Online Channels
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Australia Confectionery Market by Region
13.1 New South Wales
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Victoria
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Queensland
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Australian Capital Territory
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Western Australia
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Nestlé Australia Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Ferrero International
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Mars, Incorporated
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Mondelez Global LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Australian Sweet Co.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Confectionery Market: Key Industry Highlights, 2018 and 2032
2. Australia Confectionery Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Australia Confectionery Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Australia Confectionery Historical Market: Breakup by Age Group (USD Billion), 2018-2023
5. Australia Confectionery Market Forecast: Breakup by Age Group (USD Billion), 2024-2032
6. Australia Confectionery Historical Market: Breakup by Price Point (USD Billion), 2018-2023
7. Australia Confectionery Market Forecast: Breakup by Price Point (USD Billion), 2024-2032
8. Australia Confectionery Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
9. Australia Confectionery Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
10. Australia Confectionery Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Australia Confectionery Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. Australia Confectionery Market Structure
Key Questions Answered in the Report
The market is estimated to be valued at USD 3.74 billion in 2023.
The market is projected to grow at a CAGR of 2.2% between 2024 and 2032.
The revenue generated from the confectionery market is expected to reach USD 4.55 billion in 2032.
The market is categorised according to its product type, which includes hard-boiled sweets, mints, gums and jellies, chocolate, caramels and toffees, medicated confectionery, fine bakery wares and others.
The key market players are Nestlé Australia Ltd., Ferrero International, Mars, Incorporated, Mondelez Global LLC, Australian Sweet Co., and others.
The market is driven by factors that include increasing demand for vegan products, healthier, low sugar-content products, and organic products demand, among others.
The market is categorised according to its distribution channel, which includes supermarkets and hypermarkets, convenience stores, online channels, and others.
Some of the native sweet products of Australia includes Pavlova, Lamington, Chocolate Ripple cake, Anzac biscuits, among others.
The largest confectionery companies in the world include Mars Wrigley Confectionery, Ferrero Group, Mondelez International, among others.
Australia's top chocolate importers include Germany, Italy, New Zealand, the United States, and Belgium, with Germany leading the pack at USD 98.5 million followed by Italy at USD 67.7 million. The United States, with imports totalling USD 44.7 million, experienced the fastest growth among these markets, followed by Germany and Poland, with increases of USD 4.56 million and USD 3.3 million respectively, between 2021 and 2022.
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