DUBLIN--(BUSINESS WIRE)--The "Global Confectionery Market - Segmented by Product Type, Distribution Channel and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global confectionery market was at USD 187.14 billion in 2017 and is expected to register a healthy growth during the forecast period. The global confectionery market includes chocolate, gums, sugar confectionery, and snack bar. Chocolate is the most popular category, which dominates the market owing to its increased consumption globally.
Rising demand for exotic varieties and premium chocolate products has driven the market. The market for confectionery sale varies from country to country. For example, sugar confectionery accounts for 60% of retail confectionery sale in China while it only holds 25% in Europe. Globally, Europe dominates the market holding a market share of 29.5%. Asia-Pacific and Eastern Europe have recorded a high growth rate during the forecast period owing to developing economy and craving for healthy snacking.
- Growing Demand for New Flavors, Sugar-free, and Functional Confectionery
- Convenience, on-the-go Snacking Accelerating Demand
- Wealthier Markets Boosting Confectionery Sales
The global confectionery market is highly fragmented with top players accounting for major share. New product innovation and low calorie label claim are the main strategy adopted by the key player. Companies are focusing on active marketing strategies to overcome the sugar tax impact on their brands promotion. Snack bar with whole foods have performed well in the past five years. Many chocolate players, such as Nestle are planning to launch premium chocolate in emerging countries, such as in India.
- Mondelez international Inc.
- Mars Inc.
- Nestle SA
- Ferrero Group
- Meiji Co. Ltd
- Hershey Co
- Lotte Confectionery Co. Ltd
- Tiger Brands Limited
- Lotte Group
- Strauss Group
- United Food industries Corporation Ltd
- Arcor Group
Key Topics Covered
2. Research Approach and Methodology
3. Market Overview
4. Market Segmentation
5. Competitive Landscape
6. List of Company Profiles
7. Companies Covered
For more information about this report visit https://www.researchandmarkets.com/research/48gjwm/global?w=4