Global Wafer Confectionery Market Size study, By Product Type (Coated, Cream-Filled), By Type (Chocolate, Ice Cream, Cookies, Biscuit, Others), By Distribution Channel (Hypermarkets and supermarkets, Convenience stores, Online stores, Specialty Food Stores, Others) and Regional Forecasts 2022-2028
Global Wafer Confectionery Market is valued approximately USD XX Billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028.
Wafers are a crisp, often very sweet, thin, flat, light, and dry cookie that are used to garnish ice cream and to embellish various sweet meals. With some cream flavour squeezed between the wafers, they can easily be fashioned into cookies. The surge in demand for unique confectionary items is a primary driving force in the Wafer Confectionery Market. Over the projection period of 2022 to 2028, the total demand for wafer confectionery is predicted to expand due to a rise in the preference for convenient snacking and easy consumer accessibility through the advancing retail sector. For instance, the sales of packaged food are increasing in Canada which is driving the growth for Global Wafer Confectionery Market. For instance, according to Statista, in 2013, the retail sales of packaged food were USD 41.15 million and this number is predicted to increase up to USD 46.41 million in year 2023. Furthermore, the worldwide Wafer Confectionery Market is predicted to be driven by a quick shift in consumer preferences and a rise in disposable income. Furthermore, rising chocolate consumption and population expansion are propelling the wafer confectionery industry forward. However, the market for wafer confectionery is expected to be constrained by variable raw material prices and increased public awareness of health issues.
The key regions considered for the global Wafer Confectionery Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Due to the high standard of living and the large number of suppliers, Europe leads the Wafer Confectionery Market. Quick shift in consumer preferences and rising disposable incomes, Asia-Pacific is predicted to grow at a high rate over the forecast period of 2022 to 2028.
Major market players included in this report are:
Mars
Incorporated
Nestlé
THE HERSHEY COMPANY
Kellogg's Company
Pladis global
Shri Disnau Shakti Dham Foods Pvt. Ltd.
Bakewell Biscuits Pvt. Ltd.
Gopinath Foods
Antonelli
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed Performance about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type
Coated
Cream-Filled
By Type
Chocolate
Ice Cream
Cookies
Biscuit
Others
By Distribution Channel
Hypermarkets and supermarkets
Convenience stores
Online stores
Specialty Food Stores
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Wafer Confectionery Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Companies Mentioned
Mars
Incorporated
Nestlé
THE HERSHEY COMPANY
Kellogg's Company
Pladis global
Shri Disnau Shakti Dham Foods Pvt. Ltd.
Bakewell Biscuits Pvt. Ltd.
Gopinath Foods
Antonelli
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