Market Overview:
Confectionaries include making of sweets, chocolate and other products consisting of sugar and carbohydrates. It is divided into bakers and sugar confections. The baker’s confections includes sweet pastries, cakes and similar baked goods. Whereas the sugar ones include candies, candied nuts and chocolates. It has been continued to be eaten from middle ages to modern era. However, the ones with the modern era may consists of artificial sweeteners. Since there is increasing consumption of sweet products the market of confectioneries is fuelling the growth of the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Mars incorporated (United States), Mondelez International (United States), Nestle (Switzerland), Meiji Holdings (Japan), Ferrero Group (Luxembourg), Hershey Foods (United States), Perfetti Van Melle (Italy), Haribo (Germany), Lindt & Sprüngli (Switzerland) and Barry Callebaut (Switzerland) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Confectioneries Market Study:
Mars incorporated (United States), Mondelez International (United States), Nestle (Switzerland), Meiji Holdings (Japan), Ferrero Group (Luxembourg), Hershey Foods (United States), Perfetti Van Melle (Italy), Haribo (Germany), Lindt & Sprüngli (Switzerland) and Barry Callebaut (Switzerland)
Confectioneries Market Segment Analysis
Scope | Sub-Segments |
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Type | Chocolate confectionery, Sugar confectionery, Gum, Cereal bars and Others |
End Users | Direct Consumer,Dessert Business |
Distribution Channel | Retail Stores,Online Stores,Others |
Packaging Type | Sachet,Box,Others |
Influencing Trend:
Introduction of New Flavors in the Confectionaries and Addition of Organic Materials for the Preparation of Confectionaries
Market Growth Drivers:
Strong Advertisements Leading to the Adoption of Confectionaries and Rising Disposable Income in Developing Economies
Challenges:
Inclination of Consumers towards the Non-Sugary Products and More Consumption of Confectionaries is Leads to the Health Issues
Restraints:
Increasing Population Suffering with Diabetes and Fluctuating Prices of Raw Materials
Opportunities:
Growing Popularity in Developing Economies and Growing Retail Market is creating an Opportunity for Confectionaries
Some of the other players that are also part of study are Yildiz Holding (Turkey), August Storck (Germany), General Mills (United States) and Orion Confectionery (South Korea). The Global Confectioneries market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
In June 2018, Mars Inc. has acquired AniCura Holding AB. This acquisition will help the company to enter the market of European veterinary services.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Confectioneries market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Confectioneries market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.