World & Regional Confectionery Markets Explored by MarketLine in In-demand Reports Recently Published at MarketPublishers.com02 Aug 2017 • by Natalie Aster
LONDON – Market Publishers, Ltd. is more than happy to inform that a new series of insightful and all-encompassing research reports, covering the confectionery markets performance globally and region-wise, elaborated by MarketLine has been recently added to the publisher’s catalogue at MarketPublishers.com.
The global confectionery market had total revenues of USD 154.1 billion in 2016, posting 3.9% CAGR between 2012 and 2016. Market consumption in terms of volume surged at 3% CAGR over the review period, to be estimated at 10,686.4 million kg in 2016. A hike in disposable income levels, urbanisation boom, busy lifestyles, and the rising trend of presenting confectionery items are fuelling the market growth.
In APAC, the confectionery market revenues stood at USD 37,339 million as of 2016, representing 5.6% CAGR from 2012 to 2016. The volume of product consumption saw a 5.3% CAGR over the analysis period, to reach 2,517.8 million kg in 2016. Economic resilience in larger economies in the region has impacted the change in consumption behaviour.
North America’s confectionery market value reached USD 42,917.8 million in 2016, registering 3.2% CAGR during 2012-2016. The volume of confectionery consumption increased with a 2% CAGR, to amount to 3,293 million kg in 2016. The US captured the lion’s share (84.8%) of the region’s confectionery market.
European confectionery market had total revenues grew at 3.4% CAGR from 2012 to 2016, reaching USD 59,218.3 million by the end of the year. Market consumption volume increased with a 2.6% CAGR over the analysis period. The healthy snacks marketplace is posting stronger growth, and turning to be an important substitute for this market. Hence, chocolate producers are focusing on the child demographic, placing emphasis on packaging and free goods.
These topical research reports by MarketLine provide all-encompassing analyses of the performance of the market for confectionery with reliable details on the historical background, current scenario and future outlook. Each report includes top-line qualitative and quantitative detailed about the market, provides market sizing and shares, includes up-to-the-minute statistics, limelights the key competitive pressures, outlines the market dynamics as well as game-changing development trends. Furthermore, each report provides exhaustive future forecasts until 2021.
For other in-demand research publications elaborated by MarketLine, please follow its vast online catalogue at MarketPublishers.com.