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Confectionery Market by Type - Global Opportunity Analysis and Industry Forecast, 2014-2022

  • ID: 4612553
  • Report
  • Region: Global
  • 195 pages
  • Allied Analytics LLP
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Confectionery is associated with food products that contain high sugar content such as chocolates, gums, candies, caramel, sweets, cookies, and marshmallows. These food products are usually utilized to reduce stress, alleviate boredom, and satisfy cravings. Confectioneries can be preserved for long time and are consumed by all age groups. Cocoa products, flours, sorbitol, lecithins, oils & fats, sugar, and latex are some of the raw materials used in the industry. Dietetic and therapeutic confectionaries are also available in the market, which differ chemically from traditional confections. The confectionery market size is valued at $184,056 million in 2015 and is expected to reach $232,085 million by 2022, registering a CAGR of 3.4% from 2016 to 2022.

The confectionery market is driven by introduction of new products with innovative flavors & healthy ingredients, growth in retail market, rise in number of women workforce, and increase in gifting trend. Asia-Pacific is expected to register substantial growth in the market, owing to rise in disposable income and increase in population in emerging economies such as China and India. In addition, introduction of low priced, smaller versions of established confectionery chocolate brands by companies such as Nestlé India Ltd. and Mondelez International, Inc. in India supplemented the market growth. Increase in raw material prices and diverse consumer spending habits restrain the growth of the market; however, rise in demand for sugar-free, organic, and low-calorie products and increase in disposable income in developing economies are anticipated to provide lucrative opportunities for the growth and development of the market.

The report segments confectionery market on the basis of type and geography. Based on type, the market is categorized into sugar, chocolate, fine bakery wares, and others. Others include gums, mints, and ice creams. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

In October 2016, The Hershey Company launched Hershey’s Cookie Layer Crunch bar to cater to the growing demands for various snacking occasions and multi-textural eating experiences. In April 2015, BBX Sweet Holdings, LLC acquired Kencraft, Inc., a U.S.-based candies manufacturer, to expand its existing product portfolio in the confectionery business.

Major players operating in this market include the following:

Delfi Limited (Singapore)
Ezaki Glico Co., Ltd. (Japan)
Ferrero SpA (Italy)
Lindt & Sprüngli AG (Switzerland)
Lotte Confectionery Co. Ltd. (South Korea)
Mars, Incorporated (U.S.)
Mondelez International, Inc. (U.S.)
Nestlé S.A. (Switzerland)
The Hershey Company (U.S.)
Wm. Wrigley Jr. Company (U.S.)

KEY BENEFITS FOR STAKEHOLDERS

This report provides a quantitative analysis of the current trends and estimations from 2014 to 2022 of confectionery market, which assist to identify the prevailing market opportunities.
Major countries in each region are mapped according to individual market revenue.
This study evaluates the competitive landscape to understand the competitive environment across the geographies.
Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
Microlevel analysis is conducted based on type and region.
Leading players and their key developments in recent years are listed.

KEY MARKET SEGMENTS

By Type

Sugar
Hard-Boiled Sweets
Caramel & Toffees
Gums & Jellies
Medicated Confectionery
Mints
Others (Marshmallows, Nougat, Lollipops, and Liquorice)
Chocolate
White
Milk
Dark
Fine Bakery Wares
Others (Gums, Snack Products, Brand Ice Creams, and Raw Pastes)

By Geography

North America
U.S.
Canada
Mexico
Others
Europe
UK
Germany
Italy
France
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Argentina
Turkey
Venezuala
Rest of LAMEA

OTHER KEY PLAYERS

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.)
ITC Limited (India)
Kerr Bros. Ltd. (Canada)
Meiji Co., Ltd. (Japan)
Morinaga & Co., Ltd. (Japan)
Orion International Euro, LLC (Russia)
Parle Products Pvt. Ltd. (India)
Perfetti Van Melle (India)
Specialty Food Association, Inc. (U.S.)
The Natural Confectionery Co. Pty Ltd. (Australia)
Unilever Plc (UK)

(Companies mentioned above are not profiled in the report, but can be profiled upon client request.)
Note: Product cover images may vary from those shown
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CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS:
1.3. KEY MARKET SEGMENTS:
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools and Models

CHAPTER 2 EXECUTIVE SUMMARY
2.1. KEY FINDINGS OF THE STUDY
2.2. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Investment Pockets
3.2.2. Winning Strategies
3.3. REGULATION ANALYSIS
3.4. PATENT ANALYSIS
3.4.1. Patent Analysis By Year
3.4.2. Patent Analysis By Region
3.4.3. Patent Analysis By Company
3.5. PORTERS FIVE FORCES ANALYSIS
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of Substitute
3.5.4. Threat of New Entrant
3.5.5. Competitive Rivalry
3.6. DRIVERS, RESTRAINTS AND OPPORTUNITIES
3.6.1. Drivers
3.6.1.1. Product innovation
3.6.1.2. Economic growth & rising disposable income
3.6.1.3. Retail Market Expansion
3.6.1.4. Impact Analysis
3.6.2. Restraints
3.6.2.1. Growing Health Awareness
3.6.2.2. Fluctuating cost & availability of raw materials
3.6.2.3. Impact Analysis
3.6.3. Opportunities
3.6.3.1. Growing demand for sugar free, organic and low calorie products
3.6.3.2. Impact Analysis

CHAPTER 4 GLOBAL CONFECTIONERY MARKET, BY TYPE
4.1. INTRODUCTION
4.1.1. Market Size and Forecast
4.2. SUGAR
4.2.1. Hard-Boiled Sweets
4.2.2. Caramels & Toffees
4.2.3. Gums & Jellies
4.2.4. Medicated Confectionery
4.2.5. Mints
4.2.6. Others
4.2.7. Key Market Trends, Growth Factors and Opportunities
4.2.8. Market Size and Forecast
4.3. CHOCOLATE
4.3.1. White
4.3.2. Milk
4.3.3. Dark
4.3.4. Key Market Trends, Growth Factors and Opportunities
4.3.5. Market Size and Forecast
4.4. FINE BAKERY WARES
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast
4.5. OTHERS
4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast

CHAPTER 5 GLOBAL CONFECTIONERY MARKET, BY GEOGRAPHY
5.1. INTRODUCTION
5.1.1. Market Size and Forecast
5.2. NORTH AMERICA
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market size and Forecast
5.2.3. U.S.
5.2.4. Mexico
5.2.5. Canada
5.3. EUROPE
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market size and Forecast
5.3.3. UK
5.3.4. Germany
5.3.5. Italy
5.3.6. France
5.3.7. Spain
5.3.8. Rest of Europe
5.4. ASIA-PACIFIC
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market size and Forecast
5.4.3. India
5.4.4. China
5.4.5. Japan
5.4.6. Australia
5.4.7. South Korea
5.4.8. Rest of Asia-Pacific
5.5. LAMEA
5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market size and Forecast
5.5.3. Brazil
5.5.4. Saudi Arabia
5.5.5. South Africa
5.5.6. Argentina
5.5.7. Turkey
5.5.8. Venezuela
5.5.9. Rest of LAMEA

CHAPTER 6 COMPANY PROFILES
6.1. DELFI LIMITED
6.1.1. Company overview
6.1.2. Operating business segments
6.1.3. Business performance
6.1.4. Key strategies and developments
6.2. EZAKI GLICO CO., LTD.
6.2.1. Company overview
6.2.2. Operating business segments
6.2.3. Business performance
6.2.4. Key strategies and developments
6.3. FERRERO SPA
6.3.1. Company overview
6.3.2. Operating business segments
6.3.3. Business performance
6.3.4. Key strategies and developments
6.4. LINDT & SPRNGLI AG
6.4.1. Company overview
6.4.2. Operating business segments
6.4.3. Business performance
6.4.4. Key strategies and developments
6.5. LOTTE CONFECTIONERY CO., LTD.
6.5.1. Company overview
6.5.2. Operating business segments
6.5.3. Business performance
6.5.4. Key strategies and developments
6.6. MARS, INCORPORATED
6.6.1. Company overview
6.6.2. Operating business segments
6.6.3. Business performance
6.6.4. Key strategies and developments
6.7. MONDELEZ INTERNATIONAL, INC.
6.7.1. Company overview
6.7.2. Operating business segments
6.7.3. Business performance
6.7.4. Key strategies and developments
6.8. NESTLE S.A.
6.8.1. Company overview
6.8.2. Operating business segments
6.8.3. Business performance
6.8.4. Key strategies and developments
6.9. THE HERSHEY COMPANY
6.9.1. Company overview
6.9.2. Operating business segments
6.9.3. Business performance
6.9.4. Key strategies and developments
6.10. WM. WRIGLEY JR. COMPANY
6.10.1. Company overview
6.10.2. Operating business segments
6.10.3. Business performance
6.10.4. Key strategies and developments
OTHER KEY PLAYERS
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.)
ITC Limited (India)
Kerr Bros. Ltd. (Canada)
Meiji Co., Ltd. (Japan)
Morinaga & Co., Ltd. (Japan)
Orion International Euro, LLC (Russia)
Parle Products Pvt. Ltd. (India)
Perfetti Van Melle (India)
Specialty Food Association, Inc. (U.S.)
The Natural Confectionery Co. Pty Ltd. (Australia)
Unilever Plc (UK)
(Companies mentioned above are not profiled in the report, but can be profiled upon client request.)
Note: Product cover images may vary from those shown
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Confectionery Market Report, 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 domited the market in 2015 with more than one-third 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. Manufacturers are increasing their product range by including organic herbal fillings, exotic flavors, and functiol ingredients in their product formulations to cater to the changing consumer demands. Intertiol Organization for Standardization (ISO), Cadian Food Inspection Agency (CFIA), Food and Drug Administration (FDA), Health Cada, 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, sck products, brand ice creams, and raw pastes. 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.

Key findings of Confectionery Market:

Europe is expected to continue to lead the market during the forecast period, followed by Asia-Pacific region.
Dark chocolate is expected to show highest growth rate in chocolate confectionery market, registering a CAGR of 4.3%.
Mints is projected to significant growth, registering a CAGR of 3.6%.
Brazil accounted for 35.27% share in the LAMEA confectionery market in 2015.
India is expected to grow at a faster rate, registering a CAGR of 4.6%.
Italy accounted for 7.33% share in 2015.

Europe and Asia-Pacific collectively contributed more than half of the share to the global confectionery market revenue in 2015. In the same year, Europe domited the market, owing to the product innovation in terms of textures, flavors, shapes, and pack sizes.

The prominent market players profiled in the report include Delfi Limited (Singapore), Ezaki Glico Co., Ltd. (Japan), Ferrero SpA (Italy), Lindt & Sprngli AG (Switzerland), Lotte Confectionery Co. Ltd. (South Korea), Mars, Incorporated (U.S.), Mondelez Intertiol, Inc. (U.S.), Nestl S.A. (Switzerland), The Hershey Company (U.S.), and Wm. Wrigley Jr. Company (U.S.).
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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