Global Confectionery Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Confectionery Market Overview :

“The global Confectionery Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global confectionery market report has been segmented on the basis of product type, flavor, distribution channel, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Confectionery is known as an art of preparing food items such as confections, rich in carbohydrates and sugar. In confections, sugar is a primary ingredient and combined with nuts, fruits and different flavors for creation of a variety of products. There is a different type of techniques used all over the world to make confectionery. Confectionery food items can be candies, chewing gum, candies, lollipops, chocolates, etc. Consumption of confectionery food items can improve mental health and lowers the risk of cardiovascular diseases.

The increasing popularity of sugar based products among individuals of all age groups is anticipated to boost the demand of confectionery products and drives the growth of the market over the forecast period. Sweets are commonly associated with celebratory events and festivals. Consumption of confectionery items during these events is another factor fueling the growth of the market. It is customary to give sugar based food products as a gift in many countries, which also propel the demand of confectionery products.

Developing automation technology coupled with a combination of various flavors creating new confectionery products also drives the growth of the global market. Rising health awareness among consumers and increasing demand for low calorie, sugar-free confectionery products without any artificial additives is also factor fueling the growth of the target market.

However, over consumption of confectionery products can lead to obesity, cavities and acne and may hamper the growth of the global confectionery market over the long run.

Development of a new range of low cost sugar-free and low calorie confectionery products can create higher revenue opportunities for target players in the market.

The Europe market accounts for largest revenue share, owing to high consumption of confectionery products among individuals in the region. The North America is expected to account for a second-highest share in terms of revenue, followed by Europe. The market in Asia Pacific region is projected to witness robust growth in terms of revenue and volume over the forecast period, due to increasing retail sector and rising popularity of confectionery products among individuals.

Global Confectionery Market Segmentation:

Segmentation by product type:

• Fine Bakery Wares
• Sugar
  • Caramel and Toffee
  • Jelly and Gum
  • Mint
  • Hard-Boiled Sweets
• Chocolate
  • Dark
  • Milk
  • White

Segmentation by distribution channels:

• Supermarkets and hypermarkets
• Convenience stores
• Online store

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa