Confectionery Market

The global Confectionery market was valued at 14.54 Million USD in 2021 and will grow with a CAGR of 3.85% from 2021 to 2027, based on Research newly published report.

The prime objective of Confectionery Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Confectionery Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Confectionery refers to a large rang of food items that mainly contain or wrapped by chocolate, sugar and some fillings like sweeteners, texturizers, emulsifiers etc.First, the confectionery industry concentration is not high; there are more than ten hundreds manufacturers in the world, and high-end products mainly from the United States and the Western European countries. In the world wide, the giants mainly distribute in the United States and Europe. The United States and Europe have a long history and unshakable status in this industry, like Mars and Hershey, both have perfect products. As to Switzerland, the Nestle has become a global leader. In Germany, it is Haribo that leads the technology development. In China, the manufactures focus in Jiangsu, Shandong and Zhejiang province, and the high-end market is dominated by Mars, Perfetti, Hershey, Cadbury and Nestle etc. Second, many companies have several plants, usually close to the aimed consumption market. The giants set up their factories all over the world for expanding market. These giants strengthen themselves through merger and acquisition through the world. Third, all manufactures are committed to the improvement of product. These two years, some Chinese manufactures can almost catch up with the world`s leading technology too. Fourth, the import and export percent of this industry is not high. Because many international manufactures expand their business through building factories or investments overseas. Fifth, this industry is affected by the people`s income level and consuming preference, with the global economic recovery, more and more people pay attention to enhance the quality of life, especially in underdevelopment regions where have a large population and fast economic growth, the need of confectionery will increase. Sixth, we tend to believe this industry now is very mature and competitive, the consumption increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

By Market Verdors:

• Mars(US)
• Mondelez International(US)
• Nestle(CH)
• Meiji Holdings(JP)
• Ferrero Group(IT)
• Hershey Foods(US)
• Arcor(AR)
• Perfetti Van Melle(NL)
• Haribo(DE)
• Lindt & Sprngli(CH)
• Barry Callebaut(CH)
• Yildiz Holding(TR)
• August Storck(DE)
• General Mills(US)
• Orion Confectionery(KR)
• Uniconf(RU)
• Lotte Confectionery(KR)
• Bourbon Corp(JP)
• Crown Confectionery(KR)
• Roshen Confectionery(UA)
• Ferrara Candy(US)
• Orkla ASA(NO)
• Raisio Group(FI)
• Morinaga(JP)
• Cemoi(FR)
• Jelly Belly(US)
• Cloetta(NL)
• Ritter Sport(DE)
• Petra Foods(SG)
• Amul(IN)

By Types:

• Sugar confectionery
• Chocolate
• Gum

By Applications:

• Wedding
• Festivals

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

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• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the market.
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