Global Confectionery Market Growth 2019-2024

Confectionery refers to a large rang of food items that mainly contain or wrapped by chocolate, sugar and some fillings like sweeteners, texturizers, emulsifiers etc.
First, the confectionery industry concentration is not high; there are more than ten hundreds manufacturers in the world, and high-end products mainly from the United States and the Western European countries. In the world wide, the giants mainly distribute in the United States and Europe. The United States and Europe have a long history and unshakable status in this industry, like Mars and Hershey, both have perfect products. As to Switzerland, the Nestle has become a global leader. In Germany, it is Haribo that leads the technology development. In China, the manufactures focus in Jiangsu, Shandong and Zhejiang province, and the high-end market is dominated by Mars, Perfetti, Hershey, Cadbury and Nestle etc.

Second, many companies have several plants, usually close to the aimed consumption market. The giants set up their factories all over the world for expanding market. These giants strengthen themselves through merger and acquisition through the world.

Third, all manufactures are committed to the improvement of product. These two years, some Chinese manufactures can almost catch up with the world's leading technology too.

Fourth, the import and export percent of this industry is not high. Because many international manufactures expand their business through building factories or investments overseas.

Fifth, this industry is affected by the people's income level and consuming preference, with the global economic recovery, more and more people pay attention to enhance the quality of life, especially in underdevelopment regions where have a large population and fast economic growth, the need of confectionery will increase.

Sixth, we tend to believe this industry now is very mature and competitive, the consumption increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.


According to this study, over the next five years the Confectionery market will register a 4.1% CAGR in terms of revenue, the global market size will reach US$ 18300 million by 2024, from US$ 15000 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Confectionery business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Confectionery market by product type, application, key manufacturers and key regions and countries.

This study considers the Confectionery value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Sugar confectionery
Chocolate
Gum
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Wedding
Festivals
Other

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Mars(US)
Mondelez International(US)
Nestle(CH)
Meiji Holdings(JP)
Ferrero Group(IT)
Hershey Foods(US)
Arcor(AR)
Perfetti Van Melle(NL)
Haribo(DE)
Lindt & Sprüngli(CH)
Barry Callebaut(CH)
Yildiz Holding(TR)
August Storck(DE)
General Mills(US)
Orion Confectionery(KR)
Uniconf(RU)
Lotte Confectionery(KR)
Bourbon Corp(JP)
Crown Confectionery(KR)
Roshen Confectionery(UA)
Ferrara Candy(US)
Orkla ASA(NO)
Raisio Group(FI)
Morinaga(JP)
Cemoi(FR)
Jelly Belly(US)
Cloetta(NL)
Ritter Sport(DE)
Petra Foods(SG)
Amul(IN)

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Confectionery consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Confectionery market by identifying its various subsegments.
Focuses on the key global Confectionery manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Confectionery with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Confectionery submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.