Global Toffee Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Toffee Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Toffee is a Western-style confectionery, made with brown sugar or molasses and creamy buttery hard and chewy sugar. The original meaning is soft and contradictory. It is usually made from condensed milk, cocoa butter, butter, glucose syrup, vanillin and hazelnuts until the sugar mass becomes shiny and can maintain its solid shape. It has a sweet flavor with a fudge heart inside.

Market Overview:

The latest research study on the global Toffee market finds that the global Toffee market reached a value of USD 3121.37 million in 2022. It’s expected that the market will achieve USD 3723.5 million by 2028, exhibiting a CAGR of 2.98% during the forecast period.

Company Overview:

Mondelez International is one of the major players operating in the Toffee market, holding a share of 21.27% in 2019.

Mondelez International Inc. is a food and beverage company. The company produces and sells packaged foods, including toffee, snacks, drinks, cheese, light meals and a variety of packaged foods. Mondelez International sells its products around the world.

August Storck KG produces confectionery products. The company offers candy, sugar-free products, chocolate and caramel specialties. August Storck sells its products worldwide

Segmentation Overview:

Among different product types, Milk Toffee segment is anticipated to contribute the largest market share in 2028.

Key Companies in the global Toffee market covered in Chapter 3:

Perfetti Van Melle Group B.V.
Thai Ao Chi
Hsu Fu Chi International
August Storck KG
Morinaga
The Hershey Company
Mondelez International
KDV Group
Walker's Nonsuch
Half Moon Bay Salt Water Taffy
Purple Mountain Taffy
Yakefood

In Chapter 4 and Chapter 14.2, on the basis of types, the Toffee market from 2018 to 2029 is primarily split into:

Salty Water Toffee
Milk Toffee
Peanut Toffee
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Toffee market from 2018 to 2029 covers:

Online Sale
Offline Sale

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)