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Confectionery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

July 2022 | 145 pages | ID: C3E9B359B851EN
IMARC Group

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The global confectionery market reached a value of US$ 177.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 221.7 Billion by 2027, exhibiting a CAGR of 3.67% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Confectionery products are food items rich in sugar and other sweeteners. They are made using a wide range of ingredients, which help in improving the texture, appearance, and elasticity of products. These ingredients also function as stabilizer, emulsifier, gelling, and thickening agents. At present, the ongoing trend of gifting confectionery products, including cookies, chocolates, and bakery items, is offering lucrative growth opportunities to market players. As a result, key manufacturers are focusing on expanding their product portfolio by incorporating confectionery products made using tropical, nut-based, and exotic flavors to suit the taste and preferences of consumers.

Confectionery Market Trends:
Changing consumer taste, rapid urbanization, increasing working population, and rising purchasing power of individuals are among the key factors catalyzing the demand for ready-to-eat (RTE) products like confectionery items across the globe. Moreover, the rising prevalence of lifestyle diseases, such as obesity and diabetes, is resulting in the increasing popularity of functional confectionery. It includes items made using vitamins, minerals, cannabidiol (CBD), fiber, protein, omega-3s, probiotics, and energy supplements without calories and sugar. This, along with the rising consumption of nutraceuticals and sports nutrition, is contributing to market growth. Apart from this, the leading manufacturers are introducing gluten-free and organic product variants with no additives and preservatives and reduced allergens. In confluence with this, a significant shift in consumer preferences towards healthy, sustainable, and clean-label confectionery is influencing the market positively. Furthermore, key manufacturers are also developing premium products in innovative flavors and textures. The easy availability of these products through e-commerce channels, in confluence with the increasing penetration of the internet and boosting sales of smartphones, is creating a favorable outlook for the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global confectionery market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, age group, price point and distribution channel.

Breakup by Product Type:

Hard-boiled Sweets
Mints
Gums and Jellies
Chocolate
Caramels and Toffees
Medicated Confectionery
Fine Bakery Wares
Others

Breakup by Age Group:

Children
Adult
Geriatric

Breakup by Price Point:

Economy
Mid-range
Luxury

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Convenience Stores
Pharmaceutical and Drug Stores
Online Stores
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Chocoladefabriken Lindt & Sprьngli AG, Crown Confectionery, Ezaki Glico Co. Ltd., Ferrero International S.A., HARIBO GmbH & Co. KG, Mars Incorporated, Meiji Holdings Co. Ltd, Mondelez International Inc., Nestle S.A., Parle Products Pvt. Ltd, The Hershey Company and The Kraft Heinz Company.

Key Questions Answered in This Report:
How has the global confectionery market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global confectionery market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the age group?
What is the breakup of the market based on the price point?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global confectionery market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL CONFECTIONERY MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT TYPE

6.1 Hard-boiled Sweets
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Mints
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Gums and Jellies
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Chocolate
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Caramels and Toffees
  6.5.1 Market Trends
  6.5.2 Market Forecast
6.6 Medicated Confectionery
  6.6.1 Market Trends
  6.6.2 Market Forecast
6.7 Fine Bakery Wares
  6.7.1 Market Trends
  6.7.2 Market Forecast
6.8 Others
  6.8.1 Market Trends
  6.8.2 Market Forecast

7 MARKET BREAKUP BY AGE GROUP

7.1 Children
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Adult
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Geriatric
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY PRICE POINT

8.1 Economy
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Mid-range
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Luxury
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY DISTRIBUTION CHANNEL

9.1 Supermarkets and Hypermarkets
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Convenience Stores
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Pharmaceutical and Drug Stores
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Online Stores
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Others
  9.5.1 Market Trends
  9.5.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Chocoladefabriken Lindt & Sprьngli AG
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
  15.3.2 Crown Confectionery
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
  15.3.3 Ezaki Glico Co. Ltd.
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
    15.3.3.3 Financials
  15.3.4 Ferrero International S.A.
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
  15.3.5 HARIBO GmbH & Co. KG
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
  15.3.6 Mars Incorporated
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 SWOT Analysis
  15.3.7 Meiji Holdings Co. Ltd
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 Financials
    15.3.7.4 SWOT Analysis
  15.3.8 Mondelez International Inc.
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
    15.3.8.4 SWOT Analysis
  15.3.9 Nestle S.A.
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 Financials
    15.3.9.4 SWOT Analysis
  15.3.10 Parle Products Pvt. Ltd
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
  15.3.11 The Hershey Company
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
    15.3.11.3 Financials
    15.3.11.4 SWOT Analysis
  15.3.12 The Kraft Heinz Company
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
    15.3.12.3 Financials
    15.3.12.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Confectionery Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Confectionery Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Confectionery Market Forecast: Breakup by Age Group (in Million US$), 2022-2027
Table 4: Global: Confectionery Market Forecast: Breakup by Price Point (in Million US$), 2022-2027
Table 5: Global: Confectionery Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 6: Global: Confectionery Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Confectionery Market: Competitive Structure
Table 8: Global: Confectionery Market: Key Players

LIST OF FIGURES

Figure 1: Global: Confectionery Market: Major Drivers and Challenges
Figure 2: Global: Confectionery Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Confectionery Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Confectionery Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Confectionery Market: Breakup by Age Group (in %), 2021
Figure 6: Global: Confectionery Market: Breakup by Price Point (in %), 2021
Figure 7: Global: Confectionery Market: Breakup by Distribution Channel (in %), 2021
Figure 8: Global: Confectionery Market: Breakup by Region (in %), 2021
Figure 9: Global: Confectionery (Hard-boiled Sweets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Confectionery (Hard-boiled Sweets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Confectionery (Mints) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Confectionery (Mints) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Confectionery (Gums and Jellies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Confectionery (Gums and Jellies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Confectionery (Chocolate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Confectionery (Chocolate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Confectionery (Caramels and Toffees) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Confectionery (Caramels and Toffees) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Confectionery (Medicated Confectionery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Confectionery (Medicated Confectionery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Confectionery (Fine Bakery Wares) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Confectionery (Fine Bakery Wares) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Confectionery (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Confectionery (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Confectionery (Children) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Confectionery (Children) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Confectionery (Adult) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Confectionery (Adult) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Confectionery (Geriatric) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Confectionery (Geriatric) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Confectionery (Economy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Confectionery (Economy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Confectionery (Mid-range) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Confectionery (Mid-range) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Confectionery (Luxury) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Confectionery (Luxury) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Confectionery (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Confectionery (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Confectionery (Convenience Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Confectionery (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Confectionery (Pharmaceutical and Drug Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Confectionery (Pharmaceutical and Drug Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Global: Confectionery (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Global: Confectionery (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Global: Confectionery (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Global: Confectionery (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: North America: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: North America: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: United States: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: United States: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Canada: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Canada: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Asia-Pacific: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Asia-Pacific: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: China: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: China: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Japan: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Japan: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: India: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: India: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: South Korea: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: South Korea: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Australia: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Australia: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Indonesia: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Indonesia: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Europe: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Europe: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Germany: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Germany: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: France: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: France: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: United Kingdom: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: United Kingdom: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Italy: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Italy: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Spain: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Spain: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Russia: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Russia: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Others: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Others: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Latin America: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Latin America: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Brazil: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Brazil: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Mexico: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Mexico: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Others: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 92: Others: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 93: Middle East and Africa: Confectionery Market: Sales Value (in Million US$), 2016 & 2021
Figure 94: Middle East and Africa: Confectionery Market: Breakup by Country (in %), 2021
Figure 95: Middle East and Africa: Confectionery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 96: Global: Confectionery Industry: SWOT Analysis
Figure 97: Global: Confectionery Industry: Value Chain Analysis
Figure 98: Global: Confectionery Industry: Porter's Five Forces Analysis


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