Confectionery Market 2023: Global Industry Share, Growth, Drivers, and Forecast Research Report 2031

Report Ocean has recently published the “Confectionery Market  Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.

Confections refer to food items that are rich in sugar and carbohydrates. It includes a wide range of products such as chocolates, cookies, bars, gummies, mints, and others. Product innovation is one of the most influencing factors in the confectionery industry. Factors, such as health awareness & consciousness among customers and varying consumer eating habits & tastes, tend to drive innovation. Manufacturers increase their product range by including functional ingredients, organic herbal fillings, tropical fruit, and nut-based & exotic flavors in product formulations to meet changing consumer demands.

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Furthermore, rise in middle class consumers has propelled the market growth for premium products. However, escalation in prices of raw materials, such as sugar and cocoa, due to extreme weather conditions, political instability, and pests & disease may hinder the growth of the market.

According to confectionery market analysis, the market is segmented on the basis of product type, age group, price point, distribution channel, and region. Based on product type, the market is categorized into hard-boiled sweets, mints, gums & jellies, chocolate, caramels & toffees, medicated confectionery, fine bakery wares, and others. By age group, the market is classified into children, adults, and geriatric. By price point, the market is distributed into economy, mid-range, and luxury. By distribution channel, the market is divided into supermarket/hypermarket, convenience stores, pharmaceutical & drug stores, food services, duty-free outlets, e-commerce, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Key benefits for stakeholders
– The report provides a quantitative analysis of the current confectionery market trends, estimations, and dynamics of the market size from 2021 to 2027 to identify the prevailing opportunities.

– Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.

– In-depth analysis and the market size & segmentation assist to determine the prevailing confectionery market opportunities.

– The major countries in each region are mapped according to their revenue contribution to the market.

– The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the confectionery industry.

The key players operating in the globalconfectionery market include Mars, Incorporated, Mondelez International, Inc., Nestle S.A., Ferrero Group, Meiji Co., Ltd., The Hershey Company, Chocoladefabriken Lindt & Sprungli AG, Ezaki Glico Co., Ltd., Haribo GmbH & Co. K.G., and Pladis.

Key market segments
– By Product Type
o Hard-boiled Sweets
o Mints
o Gums & Jellies
o Chocolate
o Caramels and Toffees
o Medicated Confectionery
o Fine Bakery Wares
o Others

– By Age Group
o Children
o Adult
o Geriatric

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– By Price Point
o Economy
o Mid-Range
o Luxury

– By Distribution Channel
o Supermarket/Hypermarket
o Convenience Stores
o Pharmaceutical & Drug Stores
o Food Services
o Duty-free Outlets
o E-commerce
o Others

– By Region
o North America
? U.S.
? Canada
? Mexico

o Europe
? Germany
? France
? UK
? Italy
? Spain
? Rest of Europe

o Asia-Pacific
? China
? India
? Japan
? South Korea
? Australia
? Rest of Asia-Pacific

o LAMEA
? Brazil
? Saudi Arabia
? South Africa
? Turkey
? Rest of LAMEA

Table of Contents:

  1. Introduction and Scope
    1. Definition and Forecast Parameters
    2. Methodology and Forecast Parameters
    3. Information Sources
  2. Latest Trends Summary
    1. Regional Trends
    2. Product Trends
    3. End-Use Trends
    4. Business Trends
  3. Industry Insights
    1. Industry Fragmentation
    2. Industry Landscape
    3. Vendor Matrix
    4. Technological and Innovative Landscape
  4. Market by Region
    1. North America
    2. Latin America
    3. Europe
    4. Asia Pacific
    5. Middle East and Africa
  5. Company Profiles
    1. Company Overview
    2. Financial Elements
    3. Product Landscape
    4. SWOT Analysis
    5. Systematic Outlook

Key target audience are:

Business Owners and Executives:

  • Market research reports provide valuable insights and data to business owners and executives who are responsible for strategic decision-making.
  • They use the information to assess market opportunities, develop business strategies, and make informed choices regarding market entry, expansion, product development, and investments.

Marketing and Sales Professionals:

  • Market research reports help marketing and sales professionals understand customer preferences, market trends, and competitive landscape.
  • This information assists in developing effective marketing strategies, identifying target audiences, positioning products, and gaining a competitive advantage.

Product Development and Innovation Teams:

  • Market research reports provide valuable information on emerging trends, consumer needs, and gaps in the market.
  • Product development and innovation teams rely on these insights to develop new products or improve existing offerings that align with customer demands and market trends.

Investors and Financial Analysts: –

  • Investors and financial analysts use market research reports to assess the potential returns and risks associated with investments in a particular industry or market.
  • The reports provide insights into market growth, competitive landscape, key players, and investment opportunities.

Market Researchers and Consultants: –

  • Market research reports serve as a valuable resource for market researchers and consultants who require comprehensive and up-to-date information on specific industries or markets.
  • They rely on these reports to gather data, analyze market trends, and provide strategic recommendations to clients.

Government and Regulatory Authorities:

  • Market research reports can inform government bodies and regulatory authorities about industry trends, market dynamics, and the impact of regulations.
  • These reports help in formulating policies, assessing market competitiveness, and monitoring market conditions.

Academics and Researchers:

  • Market research reports provide a rich source of data and analysis for academic researchers studying market dynamics, industry trends, and consumer behavior.
  • They use these reports to support their research, validate hypotheses, and gain a broader understanding of specific markets.

Key Questions Market Research and Analysis Report

  • What is the current market size, both in terms of value and volume?
  • What is the historical growth rate of the market, and what are the projected growth rates for the future?
  • Who are the major players in the market, and what is their market share?
  • What are the market trends and dynamics influencing the industry?
  • What are the key drivers of market growth?
  • What are the challenges and barriers faced by market participants?
  • What are the emerging opportunities in the market?
  • What is the competitive landscape of the market?
  • What are the consumer preferences, behaviors, and buying patterns within the market?
  • What is the market segmentation, and how are different market segments performing?
  • What are the pricing trends and strategies in the market?
  • What are the distribution channels and their effectiveness in reaching the target audience?
  • What are the regulatory and legal factors impacting the market?

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