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Confectionery Market Size to Reach US$ 298.2 Bn By 2030

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The confectionery market was exceeded US$ 235.5 billion in 2020 and is projected to reach US$ 298.2 billion by 2030, expanding at an annual CAGR of 2.4 percent, according to a 2021 study by Precedence Research, the Canada-based market Insight Company. The report contains 150+ pages with detailed analysis.

The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030. The dairy products market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

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Competition Landscape

In the final section of the research report, Precedence Research provided the global confectionery market structure and a detailed competition landscape to provide a dashboard view of key players operating in the confectionery market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the confectionery market include:

  • Nestle S.A.
  • The Hershey Company
  • Mars Incorporated
  • Ferrero Group
  • Mondelez International, Inc.
  • HariboGmbh& Co. K.G.
  • Barry Callebaut
  • Meiji Holdings
  • Pladis Global
  • Chocoladefabriken Lindt &Sprungli AG
  • Ezaki Glico Co. Ltd.

Confectionery refers to the food items that are rich in sugar and carbohydrates. The various confectionery products includes chocolates, toffies, candies, bakeries, gums, jellies, pastillage, and pastries. The higher demand and consumption of various confectionery products have augmented the global confectionery market in the past years.

The growing demand for the sugar-free confectioneries is the latest trend in the market that may propel the market growth in the upcoming future. The rising health consciousness, desire to have a healthy and active lifestyle, growing prevalence of obesity, rising prevalence of diabetes among the children and young adults, and increasing promotional activities of the sugar-free substitutes industry players have resulted in the increased demand for the low or no calorie sugar substitutes based confectionery products across the globe. Therefore, the rising demand for the low calorie or sugar free confectionery items is expected to drive the global confectionery market during the forecast period.

Crucial factors accountable for market growth are:

  • Rising disposable income
  • Changing consumer tastes and preferences
  • Growing popularity of sugar free confectioneries
  • Increasing health consciousness among the population
  • Growing demand for the organic chocolate
  • Continuous product launches by the key players
  • Increased per capita chocolate consumption in North America and Europe
  • Growing penetration of online food deliveries and online groceries
  • Growing geriatric population to drive the sugar free confectioneries demand

Report Highlights

  • By type, the chocolate segment led the global confectionery market with remarkable revenue share in 2020. This is attributed to the growing demand and increased consumption of the organic chocolates across the major markets like Europe and North America. Moreover, the per capita consumption of chocolates is higher in the European countries.
  • By distribution channel, the online stores segment is expected to be the fastest-growing segment owing to the rising penetration of internet, and growing popularity of online ordering and easy home deliveries with convenient payment systems.
  • By age group, the geriatric segment is estimated to be the most opportunistic segment owing to the growing geriatric population and growing demand for the sugar free confectioneries among this age group.

Market Dynamics

Drivers – The growing demand for low calorie confectioneries is exponentially driving the market. The various sugar substitutes such as saccharin, sucralose, aspartame, and acesulfame-K are very efficiently used to add sweetness to the sugar products or confectioneries. The rising prevalence of obesity and diabetes and growing geriatric population is the most important driver of the confectionery market.

Restraints – The major restraint of the confectionery market is the fluctuating prices of the raw materials. Raw materials such as sugar, low calorie sugar, cocoa liquor, and other additives are used in the production of confectioneries. However fluctuations in prices of these raw materials may also fluctuate the profit margins in a negative way.

Opportunities – The organic is the latest trend in the market. Moreover, organic chocolate is a trending topic across the developed markets like Europe and North America. Organic chocolate is made using the organically grown cocoa and the consumers are willing to pay premium prices for the organic products owing to the rise in health consciousness among the population.

Challenges – Attaining sustainability is a major challenge. This so because the major raw material used for making chocolates is cocoa and it is majorly grown in African regions. There is an acute problem of forced labor and child labor. Therefore, ensuring sustainability becomes difficult for the chocolate makers as the consumers are interested in knowing that they are buying sustainable products.

Regional Snapshots

Europe is the dominating market for the confectioneries owing to the increased per capita consumption of chocolates and other confectioneries. Further, the increased penetration of small family-run bakeries and restaurants have significantly contributed towards the increased consumption of confectionery item in the European countries. Europe is characterized by the growing demand for the organic products due to the increased health awareness among the population. Rising health consciousness among the European consumers have significantly boosted the demand for the organic chocolates in the region as it is extremely good for the health and consumers are willing to pay a premium price for the organic confectionery items. This provides a good opportunity for the market players to serve the growing needs of the consumers.

North America is a growing market for the organic confectioneries. According to the Organic Trade Association of the US, in 2020, the sales of the organic products has witnessed a significant growth. The sales of organic food and non-food items were at its peak in 2020 in the US.

Asia Pacific is expected to be the fastest-growing market in the upcoming years. The growing youth population, rising demand for the confectioneries owing to its delicious taste, rising penetration of supermarkets in the urban areas, growing infrastructure for the distribution of products, rising popularity of online food delivery platforms and online groceries, and increasing demand for the savory food items are the driving factors of the Asia Pacific confectionery market.

Market Segmentation

By Type

  • Chocolate
  • Sugar Confectionery
  • Gums & Jellies
  • Mints
  • Others

 By Distribution Channel

  • Supermarkets & Hypermarkets
  • Pharmaceuticals
  • Specialty Stores
  • Convenience Stores
  • Online Stores
  • Others

By Age Group

  • Adult
  • Kids
  • Geriatric

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Most Asked Questions –

  • What was the market size value of the confectionery in 2020?
  • What is the expected market size by 2030?
  • What is the confectionery market growth?
  • What are the key factors that positively influence market growth?
  • Who are the prominent players in the confectionery market?

Why should you invest in this report?

If you are aiming to enter the global confectionery market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for confectionery are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Confectionery Market, By Product

7.1. Confectionery Market, by Product Type, 2021-2030

7.1.1. Chocolate

7.1.1.1. Market Revenue and Forecast (2019-2030)

7.1.2. Sugar Confectionery

7.1.2.1. Market Revenue and Forecast (2019-2030)

7.1.3. Gums & Jellies

7.1.3.1. Market Revenue and Forecast (2019-2030)

7.1.4. Mints

7.1.4.1. Market Revenue and Forecast (2019-2030)

7.1.5. Others

7.1.5.1. Market Revenue and Forecast (2019-2030)

Chapter 8. Global Confectionery Market, By Age Group

8.1. Confectionery Market, by Age Group, 2021-2030

8.1.1. Adult

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Kids

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Geriatric

8.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Confectionery Market, By Distribution Channel 

9.1. Confectionery Market, by Distribution Channel, 2021-2030

9.1.1. Supermarkets & Hypermarkets

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Pharmaceuticals

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Specialty Stores

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Convenience Stores

9.1.4.1. Market Revenue and Forecast (2019-2030)

9.1.5. Online Stores

9.1.5.1. Market Revenue and Forecast (2019-2030)

9.1.6. Others

9.1.6.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Confectionery Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Product (2019-2030)

10.1.2. Market Revenue and Forecast, by Age Group (2019-2030)

10.1.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

10.1.4. U.S.

10.1.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.1.4.2. Market Revenue and Forecast, by Age Group (2019-2030)

10.1.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

10.1.5. Rest of North America

10.1.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.1.5.2. Market Revenue and Forecast, by Age Group (2019-2030)

10.1.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.2. Market Revenue and Forecast, by Age Group (2019-2030)

10.2.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

10.2.4. UK

10.2.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.4.2. Market Revenue and Forecast, by Age Group (2019-2030)

10.2.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

10.2.5. Germany

10.2.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.5.2. Market Revenue and Forecast, by Age Group (2019-2030)

10.2.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

10.2.6. France

10.2.6.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.6.2. Market Revenue and Forecast, by Age Group (2019-2030)

10.2.6.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

10.2.7. Rest of Europe

10.2.7.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.7.2. Market Revenue and Forecast, by Age Group (2019-2030)

10.2.7.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.2. Market Revenue and Forecast, by Age Group (2019-2030)

10.3.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

10.3.4. India

10.3.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.4.2. Market Revenue and Forecast, by Age Group (2019-2030)

10.3.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

10.3.5. China

10.3.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.5.2. Market Revenue and Forecast, by Age Group (2019-2030)

10.3.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

10.3.6. Japan

10.3.6.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.6.2. Market Revenue and Forecast, by Age Group (2019-2030)

10.3.6.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

10.3.7. Rest of APAC

10.3.7.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.7.2. Market Revenue and Forecast, by Age Group (2019-2030)

10.3.7.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.2. Market Revenue and Forecast, by Age Group (2019-2030)

10.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

10.4.4. GCC

10.4.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.4.2. Market Revenue and Forecast, by Age Group (2019-2030)

10.4.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

10.4.5. North Africa

10.4.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.5.2. Market Revenue and Forecast, by Age Group (2019-2030)

10.4.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

10.4.6. South Africa

10.4.6.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.6.2. Market Revenue and Forecast, by Age Group (2019-2030)

10.4.6.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

10.4.7. Rest of MEA

10.4.7.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.7.2. Market Revenue and Forecast, by Age Group (2019-2030)

10.4.7.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.5.2. Market Revenue and Forecast, by Age Group (2019-2030)

10.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

10.5.4. Brazil

10.5.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.5.4.2. Market Revenue and Forecast, by Age Group (2019-2030)

10.5.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

10.5.5. Rest of LATAM

10.5.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.5.5.2. Market Revenue and Forecast, by Age Group (2019-2030)

10.5.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

Chapter 11. Company Profiles

11.1. Nestle S.A.

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. The Hershey Company

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Mars Incorporated

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Ferrero Group

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Mondelez International, Inc.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. HariboGmbh& Co. K.G.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Barry Callebaut

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Meiji Holdings

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Pladis Global

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Chocoladefabriken Lindt & Sprungli AG

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

11.11. Ezaki Glico Co. Ltd.

11.11.1. Company Overview

11.11.2. Product Offerings

11.11.3. Financial Performance

11.11.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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