Confectionery Market to Witness Robust Expansion by 2031

The confectionery market is anticipated to grow at a significant CAGR of 4.3% during the forecast period. The confectionary market has gained significant popularity across the globe owing to the increasing product innovations, retail market expansion, strong advertisement campaigns among others. Besides, the “better for you” sweets and candies demand is also increasing with consumers preferring a mix of healthy and indulgent treat options. This will also catalyze the growth of the global confectionery market during the forecast period.

Additionally, the emphasis of manufacturers on developing new flavours, packaging, and textures to suit the continuously changing consumer demands is also increased during recent years. The manufacturers are combining lower sugar content with other functional benefits in their confection offering to cater to the rising health concerns across the globe. This has significantly increased the adoption of confectionary products among health-conscious consumers. For instance, in April 2020, SamrtSweet launched plant-based low sugar chews. The low sugar treats will be available in watermelon, strawberry, and mango flavours. Moreover, the demand for premium treats that are expensive yet considered healthy and sophisticated by consumers is also increasing significantly in the last few decades. All these factors combined are anticipated to drive the growth of the global confectionery market during the forecast period.

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Market Coverage

• The market number available for – 2022-2031
• Base year- 2023
• Forecast period- 2024-2031

Segment Covered:

• By Type
• By Distribution Channel

Regions Covered:

• North America
• Europe
• Asia-Pacific
• Rest of the World

Competitive Landscape- Mars, Inc., Meiji Holding Co. Ltd., Nestle S.A., The Kraft Heinz Co., The Hershey Co.

Confectionary Market Segmentation

By Type

• Sugar Confectionary
• Chocolate Confectionary
• Bakers Confectionary

By Distribution Channel

• Supermarkets/ Hypermarkets
• Convenience Stores
• Online Channel

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Regional Analysis

North America

·        United States

·        Canada

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan

·                  South Korea

·                  Rest of APAC

Rest of the World

• Latin America 
• Middle East & Africa

Company Profiles

·        Arcor S.A.IC

·        Chocoladefabriken Lindt & Sprüngli AG

·        Chocolat Frey AG

·        Ferrero SpA

·        Flowers Foods, Inc.

·        Grupo Bimbo, S.A.B. de C.V.

·        HARIBO GmbH & Co. KG

·        Lotte Confectionery Co. Ltd.  

·        Mars, Inc.

·        McKee Foods Corp.

·        Meiji Holding Co. Ltd.

·        Mondelez International Inc.

·        Monginis Foods Private Ltd.

·        Moonstruck Confectionary Co

·        Nestle S.A.

·        Parle Products Pvt. Ltd.

·        PEPPERIDGE FARM Inc.

·        Perfetti Van Melle Group B.V.

·        he Hershey Co.

·        The Kraft Heinz Co.

·        Yamazaki Baking Co., Ltd.

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Article source: https://article-realm.com/article/Food-Beverage/61396-Confectionery-Market-to-Witness-Robust-Expansion-by-2031.html