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The global confectionery market reached a value of US$ 177.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 221.7 Billion by 2027, exhibiting a CAGR of 3.67% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Confectionery products are food items rich in sugar and other sweeteners. They are made using a wide range of ingredients, which help in improving the texture, appearance, and elasticity of products. These ingredients also function as stabilizer, emulsifier, gelling, and thickening agents. At present, the ongoing trend of gifting confectionery products, including cookies, chocolates, and bakery items, is offering lucrative growth opportunities to market players. As a result, key manufacturers are focusing on expanding their product portfolio by incorporating confectionery products made using tropical, nut-based, and exotic flavors to suit the taste and preferences of consumers.
Changing consumer taste, rapid urbanization, increasing working population, and rising purchasing power of individuals are among the key factors catalyzing the demand for ready-to-eat (RTE) products like confectionery items across the globe. Moreover, the rising prevalence of lifestyle diseases, such as obesity and diabetes, is resulting in the increasing popularity of functional confectionery. It includes items made using vitamins, minerals, cannabidiol (CBD), fiber, protein, omega-3s, probiotics, and energy supplements without calories and sugar. This, along with the rising consumption of nutraceuticals and sports nutrition, is contributing to market growth. Apart from this, the leading manufacturers are introducing gluten-free and organic product variants with no additives and preservatives and reduced allergens. In confluence with this, a significant shift in consumer preferences towards healthy, sustainable, and clean-label confectionery is influencing the market positively. Furthermore, key manufacturers are also developing premium products in innovative flavors and textures. The easy availability of these products through e-commerce channels, in confluence with the increasing penetration of the internet and boosting sales of smartphones, is creating a favorable outlook for the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global confectionery market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, age group, price point and distribution channel.
Breakup by Product Type:
Breakup by Age Group:
Breakup by Price Point:
Breakup by Distribution Channel:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Chocoladefabriken Lindt & Sprüngli AG, Crown Confectionery, Ezaki Glico Co. Ltd., Ferrero International S.A., HARIBO GmbH & Co. KG, Mars Incorporated, Meiji Holdings Co. Ltd, Mondelez International Inc., Nestle S.A., Parle Products Pvt. Ltd, The Hershey Company and The Kraft Heinz Company.
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, Age Group, Price Point, Distribution Channel, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Chocoladefabriken Lindt & Sprüngli AG, Crown Confectionery, Ezaki Glico Co. Ltd., Ferrero International S.A., HARIBO GmbH & Co. KG, Mars Incorporated, Meiji Holdings Co. Ltd, Mondelez International Inc., Nestle S.A., Parle Products Pvt. Ltd, The Hershey Company and The Kraft Heinz Company|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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