Confectionery Market to fly high making 4.1% of CAGR and 18300 Million USD by 2024

Confectionery Market 2019-2024

Confectionery refers to a large rang of food items that mainly contain or wrapped by chocolate, sugar and some fillings like sweeteners, texturizers, emulsifiers etc.
First, the confectionery industry concentration is not high; there are more than ten hundreds manufacturers in the world, and high-end products mainly from the United States and the Western European countries. In the world wide, the giants mainly distribute in the United States and Europe. The United States and Europe have a long history and unshakable status in this industry, like Mars and Hershey, both have perfect products. As to Switzerland, the Nestle has become a global leader. In Germany, it is Haribo that leads the technology development. In China, the manufactures focus in Jiangsu, Shandong and Zhejiang province, and the high-end market is dominated by Mars, Perfetti, Hershey, Cadbury and Nestle etc.

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Second, many companies have several plants, usually close to the aimed consumption market. The giants set up their factories all over the world for expanding market. These giants strengthen themselves through merger and acquisition through the world.

Third, all manufactures are committed to the improvement of product. These two years, some Chinese manufactures can almost catch up with the world s leading technology too.

Fourth, the import and export percent of this industry is not high. Because many international manufactures expand their business through building factories or investments overseas.

Fifth, this industry is affected by the people s income level and consuming preference, with the global economic recovery, more and more people pay attention to enhance the quality of life, especially in underdevelopment regions where have a large population and fast economic growth, the need of confectionery will increase.

Sixth, we tend to believe this industry now is very mature and competitive, the consumption increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

According to this study, over the next five years the Confectionery Market will register a 4.1% CAGR in terms of revenue, the global market size will reach US$ 18300 million by 2024, from US$ 15000 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in Confectionery business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Confectionery market by product type, application, key manufacturers and key regions and countries.

This study considers the Confectionery value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

Sugar confectionery
Chocolate
Gum

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

Wedding
Festivals
Other

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

America
APAC
Europe
Middle East & Africa

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.

Mars US
Mondelez International US
Nestle CH
Meiji Holdings JP
Ferrero Group IT
Hershey Foods US
Arcor AR
Perfetti Van Melle NL
Haribo DE
Lindt & Sprüngli CH
Barry Callebaut CH
Yildiz Holding TR
August Storck DE
General Mills US
Orion Confectionery KR
Uniconf RU
Lotte Confectionery KR
Bourbon Corp JP
Crown Confectionery KR
Roshen Confectionery UA
Ferrara Candy US
Orkla ASA NO
Raisio Group FI
Morinaga JP
Cemoi FR
Jelly Belly US
Cloetta NL
Ritter Sport DE
Petra Foods SG
Amul IN

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Confectionery consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Confectionery market by identifying its various subsegments.
Focuses on the key global Confectionery manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Confectionery with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the consumption of Confectionery submarkets, with respect to key regions along with their respective key countries .
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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