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Confectioneries - Global Strategic Business Report

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    Report

  • 1482 Pages
  • November 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338665
The global market for Confectioneries is estimated at US$297.1 Billion in 2023 and is projected to reach US$419.0 Billion by 2030, growing at a CAGR of 5.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the confectioneries market is driven by several factors. Firstly, the continuous innovation in product development, including the introduction of healthier and functional confectionery options, is meeting the evolving preferences of health-conscious consumers. Secondly, the expansion of e-commerce platforms and digital marketing strategies is enhancing the accessibility and visibility of confectionery products. Thirdly, the increasing demand for premium and artisanal confectioneries, driven by rising disposable incomes and a growing appreciation for high-quality ingredients, is boosting market growth. Lastly, the strong cultural significance of confectioneries in celebrations and gifting traditions ensures sustained demand across various regions and demographics. These factors collectively contribute to the robust growth of the confectioneries market.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Chocolate Confectioneries segment, which is expected to reach US$226.7 Billion by 2030 with a CAGR of a 5.6%. The Sugar Confectionery segment is also set to grow at 4.3% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $54.0 Billion in 2023, and China, forecasted to grow at an impressive 6.7% CAGR to reach $52.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Confectioneries Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Confectioneries Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Confectioneries Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Atkins Nutritionals, Inc., Adelka AS, Anastasia Confections, Inc., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 672 Featured):

  • Atkins Nutritionals, Inc.
  • Adelka AS
  • Anastasia Confections, Inc.
  • Arcor Group
  • Asbach GmbH
  • Adams & Brooks, Inc.
  • Alter Eco
  • Atkinson Candy Company
  • ABTEY Chocolaterie SAS
  • Alpezzi Chocolate
  • Amrut International
  • Arthemia Srl
  • Aalst Chocolate Pte. Limited
  • Aseli Trade GmbH
  • Areadocks S.R.L.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • World Shifts to an Endemic COVID-19 Strategy with Focus on Multilateral Approach to Managing Future Pandemics
  • Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact Growth Outlook
  • World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2021 through 2024
  • Pandemic Impact on the Snackfoods and Confectionery Market
  • E-commerce and Online-to-Offline Observe Stable Growth
  • At-home Consumption Products Find Favor Amid Logistic Issues
  • Competitive Scenario
  • Confectioneries - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Chocolate Confectionery
  • Leading players in Global Chocolate Market (2023E): Market Share Breakdown of Value Sales by Company
  • Gums Market: Highly Concentrated and Fiercely Competitive
  • Leading Brands in the Global Sugar-Free Chewing Gum Market (2023E): Market Share Breakdown of Value Sales by Company
  • Companies Move towards Digital Targeting
  • Confectionery: A Vibrant Industry
  • Global Market Prospects & Outlook
  • Key Trends Influencing the Market
  • Impact of the Pandemic on the Global Market for Confectioneries
  • Overview of Segment Types
  • Chocolate Confectionery Market: An Overview
  • Sugar Confectionery Market: An Overview
  • Analysis by Distribution Channel
  • Regional Analysis
  • Focus on European Confectionery Industry: The Largest Market
  • The US Confectionery Market
  • India: Innovative Technologies Revamping Confectionery Market
  • Confectioneries: Product Overview
  • Chocolate Confectionery
  • Sugar Confectionery
  • Gum Confectionery
  • Other Key Candy/Confectionery Types
  • Manufacturing of Confectionery
  • Raw Material Overview
  • Pricing Pressures Hit the Cocoa Industry
  • Global Cocoa Prices (2012 to 2024E) (in US$/Tonne)
  • Cocoa Supply Chain Undergoes Change
  • World Cocoa Production (2023E): Percentage Breakdown of Production by Region
  • Sustainable Practices in Cocoa Production
  • Sugar: Industry Characterized by Significant Distortion
  • Global Sugar Production in Tonnes by Leading Country (2023E)
  • Dried Fruits & Nuts
  • Recent Market Activity
  • Select Global Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Manufacturers Engage in Low Calorie Options and Greater Transparency
  • Innovations and Current Trends Impacting the Growth of the Confectioneries Market
  • Shifts in Confectionery Innovation
  • Innovations Driving the Us Confectionery Industry
  • ‘Organic’: A Growing Fad
  • Healthy Eating Gains Prominence
  • Reformulation: in Sync with Healthy Eating Trends
  • Probiotic Confectionery: The Next Wave of Innovation
  • Advent of Innovative Technologies Enable Manufacturers to Streamline Production Process
  • Investments in Processing Technology Brace up
  • Select Latest Technologies for the Confectionery Industry
  • Premiumization & New Flavors Add to Consumer Appeal
  • Pricing Pressures Impact Confectionery Business
  • Sugar-Free Confectioneries Offer Bright Prospects
  • Licensing Strengthens Profits
  • Private Labels: A Potential Opportunity
  • Advertisement and Promotional Expenditure on Rise
  • Global Brand Strategies and Multi-Domestic Approaches Drive Sales
  • Chocolate Confectionery: Noteworthy Trends
  • Innovative Trends in the Chocolate Segment
  • Innovations Veer the Sensual Side of Chocolates
  • Citrus Flavors Surge in Popularity
  • Fun Flavors Emerge
  • Nuts-Based Chocolates Remain Popular
  • Rare Fruits Gain Usage in Chocolates
  • Infusing Cereals into Chocolate
  • Chocolate with Floral Notes
  • Dessert as Raw Materials…
  • Vegetable-Based Chocolates: A Unique Combination
  • Race for Melt resistance Chocolate Continues
  • Chocolate Sampling: A New Fad
  • Chocolate Personalization and Customization Helps Reach out the Adventurous
  • Gourmet Chocolates: A Niche and Attractive Market
  • Health Claims Continue to Drive Dark Chocolates
  • Increasing Demand for Premium Chocolates in the Travel-Retail Segment
  • Miniature Versions Find Greater Appeal
  • Companies Adopt the Choco-‘holistic’ Approach
  • Regulations Lay Emphasis on Transparent Labeling
  • Pandemic Impacts the Cocoa and Chocolate Market
  • Sugar Confectionery: Noteworthy Trends
  • Innovation and Positioning Strategies Upstage the Sugar Sector
  • Consumers Turn to Exotic Flavors
  • Portion Control Formats: A Key Trend
  • Manufacturers Roll Out Candies in New Flavors
  • Lollipops Get Creative
  • Gums: Noteworthy Trends
  • Gum Companies Offer a Plethora of Interesting Flavors
  • Global Gums Market by Type of Flavor (2023E): Percentage Market Share Breakdown of Value Sales
  • 3D-Printed Chewing Gum
  • Chewing Gum for Relief from IBS Symptoms
  • Cannabis-Based Chewing Gum for Multiple Sclerosis Patients
  • Demographic Shift Prompts Adult-Specific Products
  • Growing Health Concerns Inflate Sales
  • Change in Consumer Preference towards Breath-Freshening Gum
  • Limiting Calorie Intake with Chewing
  • Nutraceutical Gum: A Potential Opportunity
  • Functionality Surges Sugarless Gum Sales
  • Bubble Gums: Set for Rejuvenation
  • Fierce Competition Keeps Prices Down
  • Biodegradable Gums: The Next investment avenue
  • Companies Capitalize on the High-Impulse Attribute
  • Key Industry Drivers/Market Restraints
  • Current Confectionery & Snack Category Trends
  • Confectionery Industry to Power Up with Smart Technologies
  • Data Capture Technologies, Analysis Tools for Deriving Actionable Insights
  • Demand for Sustainable Production Technologies Witnesses a Surge
  • Use of Artificial Intelligence-Enable Packaging Technologies Witnesses a Robust Increase
  • AI at the Edge to Deliver Added Value to Confectioners
  • Lifestyles, Eating Habits and Demographic Profiles
  • Consumer Demographics: A Key Growth Determinant
  • World Population by Age Group (2010-2030): Percentage Breakdown by Age Group - Below 15 Years, 15-64 Years, and Above 65 Years
  • Kids: An Important Demographic Market
  • Population of Children in the Age Group of 0-15 Years as a Percentage of Total Population by Region/Country (2024E)
  • Shrinking Family Size Lead to Higher Discretionary Spending
  • Rise in Disposable Incomes to Drive Gains
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Product Innovation, Package Innovation and Branding
  • Competition from Snack Foods and Other Impulse Buys
  • Seasonality
  • National Attitudes Affect Confectionery Consumption
  • Issues Impacting Confectionery Industry
  • Cocoa Bean Markets: Highly Volatile
  • Threat of Pests and Diseases
  • Differentiation of Edible Oils
  • EPA’s Air Quality Standards
  • Food Allergen Risk Management
  • Sugar-based Products to Face a Sour Future
  • Innovation: Riding Theme in Packaging
  • Flexible Pouch Gain Popularity
  • Environmental Concerns Impact Confectionery Packaging
  • Preference for Thinner Packaging and Other Materials
  • Sustainable Green Packaging Grabs Attention
  • Convenient Packaging Formats: A Game Changer
  • Use of Metallized Films
  • Packaging of Non-chocolate Candy
  • Distribution & Marketing Mix
  • Companies Adopt Multichannel Strategy to Expand Reach
  • Broadening of Distribution Channels: Need of the Hour
  • Online Confectionery Sales Post Gains
  • Cross Purchase Behavior: A Challenge
  • Special Displays are the Top Performers
  • Key Outlets for Gums
  • Promotional Expenditure Soars High
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Confectioneries Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Confectioneries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Confectioneries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Confectioneries by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Chocolate by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Chocolate by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Chocolate by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Sugar Confectionery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Sugar Confectionery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Sugar Confectionery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Offline by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Offline by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Offline by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Online by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Online by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for Online by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Confectioneries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Market Overview
  • High Demand for Healthy Variants, Clear Labels and Natural Ingredients
  • Chocolate Confectionery: Novel Products Bode Well for Market Growth
  • Perceived Health Benefits Spur Popularity of Dark Chocolate Confectionery
  • Growing Popularity of Miniaturized, Bite-Sized Versions
  • Innovative Flavors and Blends: An Established Trend
  • Sugar Confectionery Faces Growing Emphasis on Low Calories
  • Candy Market: Innovations Spur Opportunities
  • Growing Popularity of Organic Confectioneries
  • Brands & Marketers Target Unique Ethnic Tastes
  • USA Gums Market: Percentage Share Breakdown of Sales by Age Group
  • USA Sugarless Gums Market: Percentage Share Breakdown of Consumption by Location
  • USA Gums Market: Percentage Share Breakdown of Consumption by Location
  • USA Gums Market: Ranking of Motivational Factors for Consumption
  • Chewing Gum: The Best Snack of All
  • Medically Potent Gums: A Revolution
  • Supermarkets: Largest End-Outlets
  • Retailing and Distribution
CANADA
  • Market Overview
  • Gums Market: Sugar-free Gums Drive Growth
  • Energy Gum: A Smaller but Potential Segment
JAPAN
  • Confectioneries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Market Primer
  • Tapping the Gray Market
CHINA
  • Market with Immense Potential
EUROPE
  • Confectioneries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Market Overview
  • Increasing Focus on Healthy, Sustainable Options
FRANCE
  • Market Overview
  • Chocolate Confectionery Sales on an Upward Trend
  • Gums Market: Sugarless Products Find Favor
GERMANY
  • Market Overview
ITALY
  • Market Overview
UNITED KINGDOM
  • Market Overview
  • Slow Growth in the Chocolate Confectionery Sector
  • Sustained Sales of Low Calorie Confectionery
  • Private Labels Closely Trail the Market Leaders
  • Demographics of Chocoholics
SPAIN
  • Market Overview
RUSSIA
  • Chocolate Confectionery Market
  • Competition
REST OF EUROPE
  • Market Overview
  • Focus on Select Markets
ASIA-PACIFIC
  • Confectioneries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Market Overview
AUSTRALIA
  • Market Overview
  • Demand for Premium Chocolate Products on Rise
INDIA
  • Poised to Register Strong Growth
  • Sugar-Free Confectionery Market on a New High
  • Medicated Confectionery Registers Rapid Growth
  • Issues Dogging the Indian Confectionery Market
  • Leading Players
  • Popularity of International and Premium Chocolate Brands on Rise
  • Competition in Gums Market
SOUTH KOREA
  • Market Overview
REST OF ASIA-PACIFIC
  • REVIEW OF SELECT MARKETS
LATIN AMERICA
  • Market Overview
  • Confectioneries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINA
BRAZIL
  • Market Overview
  • Brazilian Cocoa Attracts Foreign Giants
MEXICO
REST OF LATIN AMERICA
  • Chile: Brief Market Overview
MIDDLE EAST
  • Premiumization Boosts Sales
  • FOCUS ON SELECT MARKETS
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Confectioneries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
  • FOCUS ON SELECT MARKETS
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Atkins Nutritionals, Inc.
  • Adelka AS
  • Anastasia Confections, Inc.
  • Arcor Group
  • Asbach GmbH
  • Adams & Brooks, Inc.
  • Alter Eco
  • Atkinson Candy Company
  • ABTEY Chocolaterie SAS
  • Alpezzi Chocolate
  • Amrut International
  • Arthemia Srl
  • Aalst Chocolate Pte. Limited
  • Aseli Trade GmbH
  • Areadocks S.R.L.

Table Information