Confectionery Market Size, Share, Trends, Growth Outlook

Confectionery Market is estimated to increase at a growth rate of 4.8% CAGR over the forecast period from 2024 to 2030.

The Confectionery Market Study forecasts the market size across 6 regions and 24 countries for diverse segments including-Type (Chocolate Confectionery, Sugar Confectionery, Snack Bars, Gums), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialist Retailers, Others).

An Introduction to Confectionery Market, 2024

Confectionery: The confectionery market is driven by the manufacturing and sale of a broad range of sweets and candies. Key drivers include the production of confectionery items like chocolates, gummies, hard candies, and other sugary treats offered by manufacturers catering to various consumer preferences. The appeal lies in confectionery's taste diversity, indulgence, and its role as a source of pleasure and occasional treats for consumers of all ages.

Confectionery Market Trend: Premiumization and Artisanal Offerings

A prominent trend in the confectionery market is the focus on premiumization and artisanal offerings. Consumers are seeking unique and high-quality confectionery experiences, driving the demand for artisanal chocolates, handcrafted sweets, and premium ingredients. This trend reflects the growing desire for indulgent, gourmet treats, prompting confectionery brands to innovate and elevate their products to cater to discerning consumers' preferences for distinctive and upscale confectionery items.

Confectionery Market Driver: Evolving Consumer Preferences and Diverse Palates

The primary driver for the confectionery market is the evolution of consumer preferences and increasingly diverse palates. As consumers become more adventurous in their taste preferences and seek novel flavor experiences, there's a growing demand for a wide variety of confectionery products. The drive for innovation and diversity in flavors, textures, and ingredients fuels market growth as confectionery manufacturers strive to meet the changing tastes and preferences of consumers.

Confectionery Market Opportunity: Health-Conscious and Functional Confectionery

An emerging opportunity within the confectionery market lies in the development of health-conscious and functional confectionery products. Brands that invest in creating healthier alternatives, such as reduced-sugar or sugar-free options, fortified with functional ingredients like vitamins, probiotics, or plant-based additives, can capitalize on this opportunity. Meeting the demand for confectionery that offers not just indulgence but also health benefits aligns with the evolving preferences of health-conscious consumers, presenting an avenue for brands to expand their product lines and cater to a growing market segment seeking healthier yet enjoyable treats.

Confectionery Market Segmentation

Type
Chocolate Confectionery
Sugar Confectionery
Snack Bars
Gums

Distribution Channel
Supermarkets and Hypermarkets
Convenience Stores
Specialist Retailers
Others

Geographical Segmentation
• North America (US, Canada, Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, South East Asia, Rest of Asia Pacific)
• South America (Brazil, Argentina, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, Egypt, South Africa, Nigeria, Rest of Africa)
 

Confectionery Companies Profiled in the Study-

Nestlé S.A.
Ferrero International S.A.
Perfetti Van Melle S.p.A.
Haribo GmbH and Co. KG
Chocoladefabriken Lindt and Sprüngli AG
Barry Callebaut AG
Yildiz Holding A.S.
August Storck KG
General Mills, Inc.
Orion Corp
OOO "United Confectioners"
Lotte Confectionery Co., Ltd.
Bourbon Corporation
Crown Confectionery Co., Ltd.
Roshen Confectionery Corporation
Ferrara Candy Company
Orkla ASA
Raisio Plc
Morinaga and Company, Limited
Cemoi Group
Jelly Belly Candy Company
Cloetta AB
Alfred Ritter GmbH and Co. KG
Petra Foods Limited
Gujarat Cooperative Milk Marketing Federation Ltd (Amul)

Reasons to Buy the Confectionery Market Study

• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the Confectionery Market, encompassing current market size, growth trends, and forecasts till 2030.
• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities
• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the Confectionery Market industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics
• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.

TABLE OF CONTENTS

1 Introduction To 2024 Confectionery Markets
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Included
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Confectionery Market Size Outlook, $ Million, 2021 to 2030
3.2 Confectionery Market Outlook by Type, $ Million, 2021 to 2030
3.3 Confectionery Market Outlook by Product, $ Million, 2021 to 2030
3.4 Confectionery Market Outlook by Application, $ Million, 2021 to 2030
3.5 Confectionery Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Confectionery Industry
4.2 Key Market Trends in Confectionery Industry
4.3 Potential Opportunities in Confectionery Industry
4.4 Key Challenges in Confectionery Industry

5 Market Factor Analysis
5.1 Competitive Landscape
5.1.1 Global Confectionery Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Confectionery Market Outlook by Segments
7.1 Confectionery Market Outlook by Segments
Type
Chocolate Confectionery
Sugar Confectionery
Snack Bars
Gums

Distribution Channel
Supermarkets and Hypermarkets
Convenience Stores
Specialist Retailers
Others

8 North America Confectionery Market Analysis and Outlook To 2030
8.1 Introduction to North America Confectionery Markets in 2024
8.2 North America Confectionery Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Confectionery Market size Outlook by Segments, 2021-2030
Type
Chocolate Confectionery
Sugar Confectionery
Snack Bars
Gums

Distribution Channel
Supermarkets and Hypermarkets
Convenience Stores
Specialist Retailers
Others

9 Europe Confectionery Market Analysis and Outlook To 2030
9.1 Introduction to Europe Confectionery Markets in 2024
9.2 Europe Confectionery Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Confectionery Market size Outlook by Segments, 2021-2030
Type
Chocolate Confectionery
Sugar Confectionery
Snack Bars
Gums

Distribution Channel
Supermarkets and Hypermarkets
Convenience Stores
Specialist Retailers
Others

10 Asia Pacific Confectionery Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Confectionery Markets in 2024
10.2 Asia Pacific Confectionery Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Confectionery Market size Outlook by Segments, 2021-2030
Type
Chocolate Confectionery
Sugar Confectionery
Snack Bars
Gums

Distribution Channel
Supermarkets and Hypermarkets
Convenience Stores
Specialist Retailers
Others

11 South America Confectionery Market Analysis and Outlook To 2030
11.1 Introduction to South America Confectionery Markets in 2024
11.2 South America Confectionery Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Confectionery Market size Outlook by Segments, 2021-2030
Type
Chocolate Confectionery
Sugar Confectionery
Snack Bars
Gums

Distribution Channel
Supermarkets and Hypermarkets
Convenience Stores
Specialist Retailers
Others

12 Middle East and Africa Confectionery Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Confectionery Markets in 2024
12.2 Middle East and Africa Confectionery Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Confectionery Market size Outlook by Segments, 2021-2030
Type
Chocolate Confectionery
Sugar Confectionery
Snack Bars
Gums

Distribution Channel
Supermarkets and Hypermarkets
Convenience Stores
Specialist Retailers
Others

List of Companies
Nestlé S.A.
Ferrero International S.A.
Perfetti Van Melle S.p.A.
Haribo GmbH and Co. KG
Chocoladefabriken Lindt and Sprüngli AG
Barry Callebaut AG
Yildiz Holding A.S.
August Storck KG
General Mills, Inc.
Orion Corp
OOO "United Confectioners"
Lotte Confectionery Co., Ltd.
Bourbon Corporation
Crown Confectionery Co., Ltd.
Roshen Confectionery Corporation
Ferrara Candy Company
Orkla ASA
Raisio Plc
Morinaga and Company, Limited
Cemoi Group
Jelly Belly Candy Company
Cloetta AB
Alfred Ritter GmbH and Co. KG
Petra Foods Limited
Gujarat Cooperative Milk Marketing Federation Ltd (Amul)

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

Type/brChocolate Confectionery/brSugar Confectionery/brSnack Bars/brGums/br/brDistribution Channel/brSupermarkets and Hypermarkets/brConvenience Stores/brSpecialist Retailers/brOthers