Market Research Report
Global Confectionery Market 2016-2020
|Published by||NOVONOUS||Product code||360710|
|Published||Content info||190 Pages
Delivery time: 1-2 business days
|Global Confectionery Market 2016-2020|
|Published: June 6, 2016||Content info: 190 Pages||
“Global Confectionery Market will grow at a CAGR of 3.80% till 2020.”
The confectionery industry produces a wide range of products that are mainly rich in sugar content such as chocolates, candies, gums, lollies and so on. This report chiefly analyses confectionery market in purview of sugar, gums and chocolates confectionery products.
The economic instability of a developed country is affecting the consumption pattern of confectioneries. But still the chocolate confectionery has the largest market share among the other confectionery products. The Chocolate Confectionery alone account for more than 50% of the market share followed by sugar and gum respectively.
According to NOVONOUS the global confectionery market will grow at a CAGR of 3.80% in the forecasted period of FY 2016-2020. Chocolate confectionery will grow at a CAGR of 3.69% and Sugar and Gum at 3.72% and 4.39% respectively over the fore casted period.
Continuous innovation, increasing demand for sugar free confectionery product, rise in gifting trend, strong marketing campaigns, availability of wide range of confectionery products, increase in number of working women and increase in disposable income in developing countries are identified growth drivers for confectionery industry . Manufacturers are increasingly experimenting with new components and flavours, as well as reducing sugar and fat levels and removing artificial ingredients and additives in a bid to improve the perceived health and nutritional qualities of their confectionery products.
In the European market countries like U.K, Germany, Greece, Italy and Russia will grow between 1 to 2 %. In gum confectionery segment Italy and Germany will be leading market in terms of consumption.
This report provides geography-wise insights on global confectionery market, growth drivers and inhibitors, key trends, profiles of key players, major challenges for new players, current and future trends and recommendations for policy makers, service providers & investors.
Spanning over 190 pages and 162 exhibits, “Global Confectionery Market 2016-2020” report presents an in-depth assessment of the confectionery sector from 2016 till 2020.
The report has detailed company profiles including their position in confectionery market value chain, financial performance analysis, product and service wise business strategy, SWOT analysis and key product details for 14 key players namely; Mondelez International, Inc., Ferrero SpA, The Hershey Company, Nestle India Limited, Arcor Group, DS Group, Lindt & Sprüngli, Cloetta AB, Lotte Sugar Confectionery Co. Ltd, Morinaga & Co. Ltd., Ezaki Glico, MARS Inc., ITC Limited and Orion Confectionery Co. Ltd.