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Global Confectionery Market: By Type: Organic, Conventional; By Product Type: Chocolate, Sugar Confectionery, Snack Bar; By Distribution Channel: Supermarket and Hypermarket, Convenience Stores, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments
Global Confectionery Market Outlook
The global confectionery market reached a value of about USD 204 billion in 2020. The industry is further expected to grow at a CAGR of about 4% in the forecast period of 2021-2026 to reach a value of around USD 255 billion by 2026.
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Increasing Demand for Chocolates to Aid the Confectionery Industry Growth
Based on product type, the chocolate segment is currently leading the global market for confectionery. This can be attributed to the growing popularity of pure chocolates and the increasing expenditure of consumers to satisfy their palates as all age groups consume chocolates or gums. Meanwhile, the ever-increasing demand for dark premium chocolates is anticipated to grow significantly in the forecast period, thus, aiding the market growth.
Europe to Significantly Boost the Confectionery Industry
Geographically, Europe accounts for a major share in the confectionery industry owing to the predominance of the chocolate industry in the region and the emerging trend of gifting confectionery products. Meanwhile, the Asia Pacific region is predicted to witness a robust growth over the forecast period owing to the increasing penetration of confectionery products and the rising demand for packaged food products in the region. Many emerging economies like China and India are predicted to grow considerably in the coming years due to the increasing consumer disposable incomes and the rapidly growing population across the regions.
Confectionery: Industry Definition and Segmentation
Confectionery products refer to products that are rich in sugar or similar sweeteners. These include chocolates and non-chocolate candy such as gum, ice cream, and frozen desserts, sweet baked goods such as cookies, cakes, and pastries, and other sweet products such as jams, jellies, and preserves. There is an enormous collection of confectionery products globally and are majorly categorised as chocolate confectionery and sugar confectionery.
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By type, the market is bifurcated into:
- Organic
- Conventional
Based on product type, the industry can be segmented into:
- Chocolate
- White
- Dark
- Milk
- Sugar
- Hard-Boiled Sweets
- Caramels and Toffees
- Mint and Gums
- Snack Bars
- Others
Based on distribution channel, the market is divided into:
- Supermarkets and Hypermarkets
- Convenience Stores
- Pharmaceuticals and Drug Stores
- Speciality Stores
- Online
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Popularity of Sugar-Free Confections to Aid the Market Growth of the Confectionery Industry
The rising popularity of sugar-free chocolates and confectioneries is driving the growth of the confectionery industry. This can be attributed to the increasing consumer inclination for products with low calories due to the rise in several lifestyle diseases. Moreover, the growing perception of confectionery products as accessible luxury and the increase in consumers' purchasing power has also triggered the industry's growth. The growing trend of gifting confectionery products like bakery items, cookies, chocolates, and others has also propelled the market growth. Other factors like the rapid urbanisation and growing retail industry are also aiding the market growth. However, the low nutritional content and the fluctuating prices of raw materials like sugar and cocoa may pose a significant threat to the confectionery market's development. Over the forecast period, changing dietary habits and the launch of new products with superior qualities, such as low sugar, fat, and cholesterol content, with innovative packaging are slated to further aid the market growth.
The COVID-19 pandemic has severely impacted the confectionery market. The stringent rules and disruption in supply chains have caused a direct effect on the production and demand of confectionery products, which led to major repercussions in the confectionery business. The reduced gifting during the pandemic led to a sales decline that affected the industry growth. Many key players that were operating in the confectionery market were forced to shut down their production lines during the first half of the pandemic. However, with ease in government regulations and vaccine optimism in place, the industry is expected to recover till 2021 and witness a steady growth in the forecast period.
Key Industry Players in the Global Confectionery Market
The report gives a detailed analysis of the following key players in the global confectionery market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- The Hershey Company
- Ferrero SpA
- Mars, Incorporated
- Nestlé SA
- Chocoladefabriken Lindt & Sprüngli AG
- Mondelez International, Inc.
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2016-2020 |
| Forecast Period | 2021-2026 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Product Type, Distribution Channel, Region |
| Breakup by Type | Organic, Conventional |
| Breakup by Product Type | Chocolate, Sugar Confectionery, Snack Bar, Others |
| Breakup by Distribution Channel | Supermarket and Hypermarket, Convenience Stores, Pharmaceutical and Drug Stores, Speciality Stores, Online, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends-Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | The Hershey Company, Ferrero SpA, Mars, Incorporated, Nestlé SA, Chocoladefabriken Lindt & Sprüngli AG, Mondelez International, Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Confectionery Market Analysis
8.1 Key Industry Highlights
8.2 Global Confectionery Historical Market (2016-2020)
8.3 Global Confectionery Market Forecast (2021-2026)
8.4 Global Confectionery Market by Type
8.4.1 Organic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Conventional
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.5 Global Confectionery Market by Product Type
8.5.1 Chocolate
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.1.4 Breakup by Type
8.5.1.4.1 White
8.5.1.4.1.1 Market Share
8.5.1.4.1.2 Historical Trend (2016-2020)
8.5.1.4.1.3 Forecast Trend (2021-2026)
8.5.1.4.2 Dark
8.5.1.4.2.1 Market Share
8.5.1.4.2.2 Historical Trend (2016-2020)
8.5.1.4.2.3 Forecast Trend (2021-2026)
8.5.1.4.3 Milk
8.5.1.4.3.1 Market Share
8.5.1.4.3.2 Historical Trend (2016-2020)
8.5.1.4.3.3 Forecast Trend (2021-2026)
8.5.2 Sugar Confectionery
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.2.4 Breakup by Type
8.5.2.4.1 Hard-boiled Sweets
8.5.2.4.1.1 Market Share
8.5.2.4.1.2 Historical Trend (2016-2020)
8.5.2.4.1.3 Forecast Trend (2021-2026)
8.5.2.4.2 Caramels and Toffees
8.5.2.4.2.1 Market Share
8.5.2.4.2.2 Historical Trend (2016-2020)
8.5.2.4.2.3 Forecast Trend (2021-2026)
8.5.2.4.3 Mints and Gums
8.5.2.4.3.1 Market Share
8.5.2.4.3.2 Historical Trend (2016-2020)
8.5.2.4.3.3 Forecast Trend (2021-2026)
8.5.2.4.4 Others
8.5.3 Snack Bar
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Others
8.6 Global Confectionery Market by Distribution Channel
8.6.1 Supermarket and Hypermarket
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Convenience Stores
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.3 Pharmaceutical and Drug Stores
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2016-2020)
8.6.3.3 Forecast Trend (2021-2026)
8.6.4 Speciality Stores
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2016-2020)
8.6.4.3 Forecast Trend (2021-2026)
8.6.5 Online
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2016-2020)
8.6.5.3 Forecast Trend (2021-2026)
8.6.6 Others
8.7 Global Confectionery Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code: 1704, 1806)
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
13.1 North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
13.2 Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
13.3 Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
13.4 Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
13.5 Middle East & Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 The Hershey Company
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Ferrero SpA
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Mars, Incorporated
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Nestlé SA
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Chocoladefabriken Lindt & Sprüngli AG
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Mondelez International, Inc.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Industry Events and Developments
List of Figures and Tables
1. Global Confectionery Market: Key Industry Highlights, 2016 and 2026
2. Global Confectionery Historical Market: Breakup by Type (USD Billion), 2016-2020
3. Global Confectionery Market Forecast: Breakup by Type (USD Billion), 2021-2026
4. Global Confectionery Historical Market: Breakup by Product Type (USD Billion), 2016-2020
5. Global Confectionery Market Forecast: Breakup by Product Type (USD Billion), 2021-2026
6. Global Confectionery Historical Market: Breakup by Distribution Channel (USD Billion), 2016-2020
7. Global Confectionery Market Forecast: Breakup by Distribution Channel (USD Billion), 2021-2026
8. Global Confectionery Historical Market: Breakup by Region (USD Billion), 2016-2020
9. Global Confectionery Market Forecast: Breakup by Region (USD Billion), 2021-2026
10. North America Confectionery Historical Market: Breakup by Country (USD Billion), 2016-2020
11. North America Confectionery Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Europe Confectionery Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Europe Confectionery Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Asia Pacific Confectionery Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Asia Pacific Confectionery Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Latin America Confectionery Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Latin America Confectionery Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Middle East and Africa Confectionery Historical Market: Breakup by Country (USD Billion), 2016-2020
19. Middle East and Africa Confectionery Market Forecast: Breakup by Country (USD Billion), 2021-2026
20. Major Importing Countries by Volume (2020)
21. Major Exporting Countries by Volume (2020)
22. Major Importing Countries by Value (2020)
23. Major Exporting Countries by Value (2020)
24. North America Historical Price Trends and Forecast 2016-2026
25. Europe Historical Price Trends and Forecast 2016-2026
26. Asia Pacific Historical Price Trends and Forecast 2016-2026
27. Latin America Historical Price Trends and Forecast 2016-2026
28. Middle East and Africa Historical Price Trends and Forecast 2016-2026
29. Global Confectionery Market Structure
Key Questions Answered in the Report
In 2020, the global confectionery market attained a value of nearly USD 204 billion.
The market is projected to grow at a CAGR of 4% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 255 billion by 2026.
The major industry drivers include rapid urbanisation and growing retail industry, changing dietary habits and the launch of new products with superior qualities.
Key industry trends driving growth are increasing consumer inclination for products with low calories due to the rise in several lifestyle diseases and the growing trend of gifting confectionery products.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Europe accounting for the largest share in the market.
The type of confectionery can be divided into organic and conventional.
The product type can be divided into chocolate, sugar, and snack bars, among others. Chocolate can be further divided into white, dark, and milk. Sugar is further categorised into hard-boiled sweets, caramels and toffees, and mint and gums.
The leading distribution channels in the market are supermarkets and hypermarkets, convenience stores, pharmaceuticals and drug stores, speciality stores, and online, among others.
The major players in the industry are The Hershey Company, Ferrero SpA, Mars, Incorporated, Nestlé SA, Chocoladefabriken Lindt & Sprüngli AG, and Mondelez International, Inc.
Analyst Review
The global confectionery market attained a value of USD 204 billion in 2020, driven by the rapid urbanisation and growing retail industry, changing dietary habits, and the launch of new products with superior qualities. Aided by the increasing consumer inclination for products with low calories due to the rise in several lifestyle diseases and the growing trend of gifting confectionery products, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 4%. The market is projected to reach USD 255 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The confectionery type can be divided into organic and conventional. Based on its product types, the confectionery industry can be segmented into chocolate, sugar, and snack bars, among others, with chocolate accounting for the largest market share. The leading distribution channels in the market are supermarkets and hypermarkets, convenience stores, pharmaceuticals and drug stores, speciality stores and online, among others. The major regional markets for confectionery are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Europe accounting for the largest share of the market. The key players in the above market include The Hershey Company, Ferrero SpA, Mars, Incorporated, Nestlé SA, Chocoladefabriken Lindt & Sprüngli AG and Mondelez International, Inc.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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