Confectionery Market Size is Expected To Reach USD 284.04 Bn By 2029


Confectionary Market was valued at US 284.04 Bn. in 2029. Global Confectionery Market size is expected to grow at a CAGR of 4.8 % through the forecast period.

Confectionery Market Overview:

As per Maximize Market Research, a global business research and consultancy firm, the total global market for “Confectionery Market” was USD Confectionery Market in 2022 and is expected to grow at a CAGR of Confectionery Market percent over the forecast period to reach USD Confectionery Market by 2029.

Confectionery Market Scope and Methodology:

The report is a thorough analysis of the Confectionery Market which is equipped with key findings such as pricing, investments, expansion plans, and physical presence in the Confectionery Market . To understand market estimations and growth rates bottom-up approach was used in the report A detailed analysis is conducted on the drivers, restraints, opportunities, and challenges of the Confectionery Market. The revenue, financial standing, portfolio, technology adoption, merger and acquisition, joint ventures and strategic alliances of the top players in the market as well as their local market shares, are all included in the competitive environment for the Confectionery Market.

Regional analysis of the Confectionery Market conducted at a local, regional and global level. The competitive analysis is conducted to understand the growth models and strategies used by key players and also provides a detailed analysis of the dominant market share and penetration in the market. The report also offers information on the emerging regions that are expected to be major markets for the Confectionery Market.

The primary and secondary data sources with qualitative and quantitative analysis are used in the report. Primary research is conducted from questionnaires and telephonic interviews with market leaders, business owners, etc., while secondary research includes financial reports annual reports, white papers, etc. The report presented the SWOT, PORTER and PESTLE Analysis with the potential impact of macro-economic factors on the Confectionery Market . SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to determine the competitive intensity of the industry in the Confectionery Market.

Confectionery Market Dynamics:

Since governments have imposed stringent lockdowns and restricted public mobility in response to the global Covid-19 outbreak, this has had a devastating impact on the world economy and the food industry. The early months saw a significant impact on the production of commodities from the closure of sugar and chocolate producing plants. For instance, the Hershey Company temporarily shut down all of its production facilities from March 16 to March 29, 2021, in reaction to the Covid-19 outbreak in the United States. Disruption, a lack of labour, trade restrictions, changes in logistics and transportation were all observed throughout the lockdown supply chain. During the quarantine period, consumers ate more meals at home, visited fewer stores, and became more at ease with online purchases. These changes had an impact on the retail confectionery business.

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Confectionery Market Regional Insights:

The Confectionery Market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Regional Analysis provides the Confectionery Market status of various countries included in the report. The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions.

Confectionery Market Segmentation:

1 Global Confectionery Market, by Product Type (2022-2029)
• Chocolates
• Sugar
• Gums

2 Global Confectionery Market, by Age Group (2022-2029)
• Children
• Adult
• Geriatric

3 Global Confectionery Market, by Price Point (2022-2029)
• Economy
• Mid-Range
• Luxury

4 Global Confectionery Market, by Distribution channel (2022-2029)
• Supermarket/Hypermarket
• Online Retail
• Departmental stores
• Convenience stores

Confectionery Market Key Players:

  1. Chocoladefabriken Lindt & Sprungli AG
    2. Crown Confectionary
    3. DELFI Limited
    4. Ezaki Glico Co.Ltd
    5. Ferrero International S.A.
    6. Mars, Incorporated
    7. Mondelez International
    8. Nestle S.A.
    9. The Hershey Company
    10. Unilever PLC
    11. Barry Callebaut
    12. Meiji Holdings
    13. HARIBO GmbH& Co.KG
    14. Pladis Global

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Key questions answered in the Confectionery Market are:

  • What is ?
  • What was the Confectionery Market size in 2022?
  • What are the different segments of the Confectionery Market?
  • What growth strategies are the players considering to increase their presence in ?
  • What are the upcoming industry applications and trends for the Confectionery Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Confectionery Market?
  • Who are the key players in the Confectionery Market ?
  • What major challenges could the Confectionery Market face in the future?
  • What segments are covered in the Confectionery Market?
  • Who are the leading companies and what are their portfolios in Confectionery Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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