Global Confectionery Market report from Global Insight Services is the single authoritative source of intelligence on Confectionery Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Confectionery is a foodstuff that contains sugar as a primary ingredient. It is typically used to refer to sweet foods, such as candy, cake, or pudding. The word “confectionery” can also be used to describe alcoholic drinks, such as cordials and liqueurs.
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Key Trends
The key trends in confectionery technology are focused on improving efficiency and quality while reducing costs. One trend is the use of automation to improve efficiency in the production process. This includes the use of robotics to handle tasks such as packing and sorting.
In addition, new technologies are being used to improve the quality of confectionery products. This includes the use of lasers to cut and shape candy, as well as the use of technology to improve the taste and texture of products.
Key Drivers
The key drivers of the confectionery market are health and wellness, indulgence, and convenience.
Health and wellness is a key driver because consumers are becoming more aware of the sugar content in their diets and the potential health implications of consuming too much sugar. As a result, many consumers are looking for healthier alternatives to traditional confectionery products.
Indulgence is another key driver of the confectionery market. In today’s busy world, consumers are looking for ways to treat themselves. Confectionery products provide an easy and affordable way to do this.
Market Segmentation
By Product Type
- Hard-boiled Sweets
- Mints
- Gums & Jellies
By Age Group
- Children
- Adult
By Price Point
- Economy
By Region
- North America
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Key Players
- Mars Incorporated
- Mondelez International, Inc.
- Nestlé S.A.
- Ferrero Group
- Meiji Co., Ltd.
- The Hershey Company
- Chocoladefabriken Lindt & Sprüngli AG
- Ezaki Glico Co., Ltd.
- Haribo GmbH & Co. K.G.
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