Confectionery Market
Opportunities and Forecasts, 2014 - 2022
No of Pages: 195
Published Date: Feb 2017
Introduction to Confectionery Market
• Confectionery Market Report, published by Allied Market Research, forecasts that the global market was valued at $184,056 million in 2015, and is expected to reach $232,085 million by 2022, supported by a CAGR of 3.4% during the forecast period 2016 - 2022. •
The chocolate confectionery segment dominated the market in 2015 with more than onethird revenue share.
• Confectionery industry manufactures wide variety of food products that contain high sugar content such as candies, chocolates, caramels, gums, and cookies. • Product innovation, rise in gifting trend, retail market expansion, and strong marketing campaigns are major factors that drive the growth of the global confectionery market. • In addition, economic growth and rise in disposable income of emerging economies supplement the market growth, thus increasing the purchasing power of customers.
• Sucrose, cocoa products, flours, sugar, and food additives are some of the raw materials utilized in confectionery production.
Introduction to Confectionery Market • Manufacturers are increasing their product range by including organic herbal fillings, exotic flavors, and functional ingredients in their product formulations to cater to the changing consumer demands. • International Organization for Standardization (ISO), Canadian Food Inspection Agency (CFIA), Food and Drug Administration (FDA), Health Canada, World Health Organization (WHO), and European Union (EU) are some of the regulatory authorities present in the confectionery market. •
Based on type, the market is segmented into sugar, chocolate, fine bakery wares, and others. Others include gums, snack products, brand ice creams, and raw pastes.
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In 2015, chocolate confectionery showed the highest growth rate, accounting for more than one-third of the market, in terms of revenue, owing to innovation and product quality.
• Introduction of organic ingredients, alcohol flavors, nuts such as hazelnut, and unusual fruits such as raspberry in chocolate confections increased the demand for different flavors among customers, thus fueling the chocolate confectionery market growth.
Confectionery Market Key Segments
Confectionery Market
Type
Sugar
Hard-Boiled Sweets
Caramels & Toffees
Fine Bakery Wares
Chocolate
White
Milk
Confectionery Market Patent Analysis
Key Benefits of Confectionery Market • This report provides quantitative and qualitative analyses of the current market trends and estimations from 2014 to 2022, which assist to identify the prevailing market opportunities in different product and application segments. • Confectionery market trends of major countries in each region are mapped according to the estimated revenue. • Top investment pockets which showcase the opportunity in the most lucrative product segment is part of the study. • Focused study of the factors that drive and restrict the growth of confectionery market is provided. • An in-depth analysis of different regulations within the market is provided.
• Key manufactures of confectionery products are profiled and their recent developments are listed.
Confectionery Market By Geography
North America, Europe, Asia-Pacific, LAMEA
Key Players of Confectionery Market
• Arcor Group (Argentina) • Brookside Foods Ltd. (Canada) • Candy Tops (Pty) Ltd. (South Africa) • Cloetta AB (Sweden) • Crown Confectionery Co. Ltd. (South Korea) • Dongguan Hsu-Fu-Chi Food Co. Ltd. (China) • DS Group (India) • Grupo Bimbo S.A.B. de C.V (Mexico) • HARIBO Dunhills (Pontefract) PLC (UK) • Intercontinental Great Brands LLC (U.S.)
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