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Confectionery Market Size, Share, and Forecast 2026

(Entertainment-NewsWire.com, September 03, 2019 ) Confectionery Market – Size, Share, and Forecast 2026



Market Overview:

• The Confectionery Market valued USD XX billion in 2018 and is estimated to reach USD XX billion by 2026, at a CAGR of XX% during the forecast period.

• Confectionery is the group of food products that are made with sugar or carbohydrates. There are wide array of confectionery products across the globe and are majorly classified as chocolate confectionery, sugar confectionery, and bakers’ confectionery. Most of the well-known products such as candies, gums, lollipops, and chocolates are included in confectionery.



Market Drivers:

• The health benefits associated with chocolate products is driving the growth of overall confectionery market. Dark chocolate is considered as a healthy snack owing to its nutrient content and its potential in lowering the risk of heart disease.

• Furthermore, innovations in the market in terms of flavor and nutritional content is driving the market growth. Global confectionery manufacturers are focusing on development of confectionery products with flavors such as coffee, fruits, cinnamon, and different ingredients.

• For instance, in February 2019, Nestlé S.A. launched a premium chocolate derived from raspberries and ruby cocoa beans in American market and this confectionery product is estimated to gain significant sales in the valentine season.

• Companies such as Mars Wrigley Confectionery are likely to mark product innovations catering the burgeoning interest towards nut-butters and mixed fruit flavors.



Merket Restraints:

• The rising consciousness among consumers towards sugar intake is the primary factor hindering the growth of confectionery market. Sugar present in confectionery products is considered as a leading cause for diseases such as Obesity and Diabetes.

• The evolution of sugar-free, low calorie products is a potential opportunity for the confectionery market across the globe.



Market Segmentation:

• The Confectionery Market has been segmented by product type into sugar confectionery, chocolate confectionery, and bakers’ confectionery. The large market for hard candies across the globe made sugar confectionery as the largest segment of Confectionery Market.

• Sugar confectionery is widely accepted and preferred by population of almost all groups and this segment is likely to hold its dominance on the market over the forecast period. The United States Department of Agriculture in its recent press release stated that millennials and generation X accounted for nearly 50% of the candy sales in U.S. in 2017.

• However, the growing demand for chocolate products owing to its low-sugar content and health benefits resulted in chocolate confectionery as the fastest growing segment. Chocolate confectionery is likely to grow at a lucrative CAGR of over 6% during the forecast period. Supermarkets and hypermarkets evolved as the largest sales channel for confectionery products with a share of nearly 40% in terms of sales value in 2018.

• Bakeries and restaurants, convenience stores, and e-commerce are also holding significant share in the sales of convenience products.



Geographical Analysis:

By geography, the study is segmented into

• North America,

• South America,

• Europe,

• Asia Pacific,

• Middle East and Africa.



Key Players:

• Delfi Limited,

• Mars,

• Incorporated, Lotte Confectionery,

• Others



View full report summary: https://www.datamintelligence.com/research-report/confectionery-market.



Download free sample: https://www.datamintelligence.com/download-sample/confectionery-market.



About Us

DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.



For more information:

Sai Kiran

Sales Manager at Data M Intelligence

Email: info@datamintelligence.com

Tel: +1 877 441 4866

Website: www.datamintelligence.com









DataM Intelligence

Sai Kiran

+1 877 441 4866

pr@datamintelligence.com

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