Market Research Report
Confectionery Market by Product Type, Age Group, Price Point, and Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2021-2027
|Confectionery Market by Product Type, Age Group, Price Point, and Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2021-2027|
Published: October 28, 2020
Allied Market Research
Content info: 320 Pages
Delivery time: 2-3 business days
Confectionery Market by Product Type (Hard-Boiled Sweets, Mints, Gums & Jellies, Chocolate, Caramels & Toffees, Medicated Confectionery, Fine Bakery Wares, and Others), Age Group (Children, Adult, and Geriatric), Price Point (Economy, Mid-Range, and Luxury), and Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Pharmaceutical & Drug Stores, Food Services, Duty-Free Outlets, E-Commerce, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2027.
Confections refer to food items that are rich in sugar and carbohydrates. It includes a wide range of products such as chocolates, cookies, bars, gummies, mints, and others.
Product innovation is one of the most influencing factors in the confectionery industry. Factors, such as health awareness & consciousness among customers and varying consumer eating habits & tastes, tend to drive innovation. Manufacturers increase their product range by including functional ingredients, organic herbal fillings, tropical fruit, and nut-based & exotic flavors in product formulations to meet changing consumer demands. Furthermore, rise in middle class consumers has propelled the market growth for premium products. However, escalation in prices of raw materials, such as sugar and cocoa, due to extreme weather conditions, political instability, and pests & disease may hinder the growth of the market.
According to confectionery market analysis, the market is segmented on the basis of product type, age group, price point, distribution channel, and region. Based on product type, the market is categorized into hard-boiled sweets, mints, gums & jellies, chocolate, caramels & toffees, medicated confectionery, fine bakery wares, and others. By age group, the market is classified into children, adults, and geriatric. By price point, the market is distributed into economy, mid-range, and luxury. By distribution channel, the market is divided into supermarket/hypermarket, convenience stores, pharmaceutical & drug stores, food services, duty-free outlets, e-commerce, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global confectionery market include Mars, Incorporated, Mondelez International, Inc., Nestle S.A., Ferrero Group, Meiji Co., Ltd., The Hershey Company, Chocoladefabriken Lindt & Sprungli AG, Ezaki Glico Co., Ltd., Haribo GmbH & Co. K.G., and Pladis.
Key benefits for stakeholders
The report provides a quantitative analysis of the current confectionery market trends, estimations, and dynamics of the market size from 2021 to 2027 to identify the prevailing opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis and the market size & segmentation assist to determine the prevailing confectionery market opportunities.
The major countries in each region are mapped according to their revenue contribution to the market.
The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the confectionery industry.
Key market segments
By Product Type
Gums & Jellies
Caramels and Toffees
Fine Bakery Wares
By Age Group
By Price Point
By Distribution Channel
Pharmaceutical & Drug Stores
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA