Global Confectionery Market 2024-2028
The confectionery market is forecasted to grow by USD 64.69 bn during 2023-2028, accelerating at a CAGR of 4.94% during the forecast period. The report on the confectionery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by availability of diverse range of products in new flavors, rising purchasing power of individuals, and rapid urbanization and hectic lifestyles.
Technavio's confectionery market is segmented as below:
By Distribution Channel
By Product
- Chocolate
- Sugar confectionery
- Gums
By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the rising prominence of online retailing as one of the prime reasons driving the confectionery market growth during the next few years. Also, rising demand for organic chocolate and growing popularity of sugar-free confections will lead to sizable demand in the market.
The report on the confectionery market covers the following areas:
- Confectionery market sizing
- Confectionery market forecast
- Confectionery market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading confectionery market vendors that include Barry Callebaut AG, Arcor Group, Crown Confectionery Co. Ltd, Chocoladefabriken Lindt and Sprungli AG, Delfi Ltd., Ezaki Glico Co. Ltd., Ferrero International S.A., Foleys Candies LP, Fuji Oil Co. Ltd., HARIBO GmbH and Co. KG, Mars Inc., Meiji Holdings Co. Ltd., Mondelez International Inc., Nestle SA, Parle Products Pvt. Ltd., Perfetti Van Melle Group BV, The Hershey Co., Unilever PLC, United Confectionery Sdn Bhd, and Yildiz Holding AS. Also, the confectionery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.