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Confectionery Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 144
  • SKU: IRTNTR73306
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The confectionery market share is expected to increase by USD 61.69 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.75%.

This confectionery market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers confectionery market segmentations by product (chocolate, sugar confectionery, and gums) and geography (Europe, North America, APAC, South America, and Middle East and Africa). The confectionery market report also offers information on several market vendors, including Aasted ApS, ALFA LAVAL, Arcor Group, Baker Perkins Ltd., Barry Callebaut AG, Blommer Chocolate Co., Buhler AG, Chocoladefabriken Lindt and Sprungli AG, Crown Confectionery Co. Ltd, De Villiers Chocolate, Ezaki Glico Co. Ltd., Ferrero International SA, GEA Group Aktiengesellschaft, HARIBO GmbH and Co. KG, Mars Inc., Meiji Holdings Co. Ltd., Mondelez International Inc., Nestle SA, Ooh La La Confectionery, Parle Products Pvt. Ltd., pladis Foods Ltd, Puratos Group NV, The Hershey Company, The Kraft Heinz Co., and Foleys Candies LP among others.

What will the Confectionery Market Size be During the Forecast Period?

Confectionery Market Size

Download the Free Report Sample to Unlock the Confectionery Market Size for the Forecast Period and Other Important Statistics

"Ferrero International, an Italy-based manufacturer of branded chocolate and confectionery, announced that it had acquired Nestle's confectionery business in the US, which includes more than 20 brands of confectionery products." 

Confectionery Market: Key Drivers, Trends, and Challenges

The availability of a diverse range of products in new flavors is notably driving the confectionery market growth, although factors such as distribution challenges may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the confectionery industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Confectionery Market Driver

The availability of a diverse range of products in new flavors is one of the key drivers supporting the confectionery market growth. Consumers today leave no chance to try candies with new flavors, which eventually results in changing their preferences. Besides, children are more attracted to various shapes, flavors, and packaging used in the confectionery industry. In line with this, it becomes imperative for the vendors operating in this space to spend intensively on their research and development (R and D) and come up with product innovations in terms of shapes, flavors, and packaging. Most consumers are fond of chocolates which motivates them to try them with added ingredients like caramel, fruits, and nuts. These factors will drive the confectionery market growth during the forecast period.

Key Confectionery Market Trend

The growing influence of promotional activities and social media marketing is one of the key confectionery market trends that is contributing to the market growth. Social media has now become a trend everywhere for brand visibility. In view of this, confectioners are increasingly creating brand-specific identities that target a specific age group on social media platforms. For instance, confectionery products launched by Grupo Bimbo and Nestle targeted at children and teenagers are associated with popular animation characters and video games and depict a 3D animated view of Bimbo Bear. The products are also promoted by creating animated games, which are available on the company's website and launching online campaigns that include Call-to-Action for viewers. Thus, these increasing promotional activities on social media will propel the confectionery market growth during the forecast period.

Key Confectionery Market Challenge

Distribution challenges is one of the factors hindering the confectionery market growth. For instance, there is pressure on manufacturers regarding the prices and margins of the products as retail stores operate at a lower profit margin. Simultaneously there is an increasing expectation from retailers for manufacturers to come up with innovative merchandising units like movable shelves that can be rolled when fully stocked to reduce the replenishment cost of the stores. However, the growing eagerness of retailers to avoid the decline in revenues resulting from the gaps in inventory by making the order fulfillment rate a key factor in developing a relationship with a manufacturer. This means that the retailer will not hesitate to go to others if a manufacturer is not able to supply a sufficient amount of goods for promotional initiatives and peak demand points. Thus, this shift in the channel will hamper the confectionery market growth during the forecast period.

This confectionery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global confectionery market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the confectionery market during the forecast period.

Market Overview

The global packaged foods and meats products market covers manufacturers or food processing vendors that are involved in food processing to eliminate microorganisms and extend shelf life. Technavio calculates the global packaged foods and meats market size based on combined revenue generated by the vendors operating in the market. The market does not include manufacturers of food processing equipment. The market also excludes producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. 

Who are the Major Confectionery Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Aasted ApS
  • ALFA LAVAL
  • Arcor Group
  • Baker Perkins Ltd.
  • Barry Callebaut AG
  • Blommer Chocolate Co.
  • Buhler AG
  • Chocoladefabriken Lindt and Sprungli AG
  • Crown Confectionery Co. Ltd
  • De Villiers Chocolate
  • Ezaki Glico Co. Ltd.
  • Ferrero International SA
  • GEA Group Aktiengesellschaft
  • HARIBO GmbH and Co. KG
  • Mars Inc.
  • Meiji Holdings Co. Ltd.
  • Mondelez International Inc.
  • Nestle SA
  • Ooh La La Confectionery
  • Parle Products Pvt. Ltd.
  • pladis Foods Ltd
  • Puratos Group NV
  • The Hershey Company
  • The Kraft Heinz Co.
  • Foleys Candies LP

 

This statistical study of the confectionery market encompasses successful business strategies deployed by the key vendors. The confectionery market is fragmented and the vendors are deploying growth strategies such as price, quality, innovation, service, packaging, brand image, distribution, and promotion to compete in the market.

Product Insights and News

  • Aasted ApS - The unified segment focuses on the manufacturing of production solutions and equipment within the chocolate, bakery, and confectionery industries. 
  • Aasted ApS - The company offers confectionery that includes processing lines, machinery, and equipment for the chocolate, bakery, and confectionery industries. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The confectionery market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Confectionery Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the confectionery market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Confectionery Market?

Confectionery Market Market segmentation by region

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31% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the confectionery market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Growing disposable income in emerging economies such as India and China will facilitate the confectionery market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of the COVID-19 pandemic has severely impacted the confectionery market in the region. However, the initiation of COVID-19 vaccination drives by the government and the easing of lockdown restrictions in the third quarter of 2020 stabilized the growth of the confectionery market, and it will witness steady growth over the forecast period.

What are the Revenue-generating Product Segments in the Confectionery Market?

Confectionery Market Segmentation

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The confectionery market share growth by the chocolate segment will be significant during the forecast period. The global chocolate market is matured, and to keep up with the shifting consumer preferences, vendors in the market are launching innovative products with unique flavors such as hibiscus, lavender, ginger, and alcohol. Furthermore, reduced sugar variants of chocolate, such as dark chocolate, have significantly risen in demand due to the growing awareness among consumers about their health benefits. Thus, the global chocolate segment is expected to grow at a significant growth rate over the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the confectionery market size and actionable market insights on post COVID-19 impact on each segment.

You may be interested in:

Sugar-free Confectionery market - The market size is expected to grow by USD 3.56 billion during 2020-2024.

Chocolate Confectionery market - The market share is expected to increase by USD 30.28 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.71%.

Medicated Confectionery market - The market size has the potential to grow by USD 1.02 billion during 2020-2024.

Liquor Confectionery market - The market size will grow by USD 130.36 million during 2018-2022. 

Europe Confectionery market - The market share is expected to witness steady growth and reach a market value of around USD 111 billion during the forecast period.

US Confectionery market - The market share is expected to increase by USD 8.35 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.12%.

Confectionery Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.75%

Market growth 2022-2026

$ 61.69 billion

Market structure

Fragmented

YoY growth (%)

3.67

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 31%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Aasted ApS, ALFA LAVAL, Arcor Group, Baker Perkins Ltd., Barry Callebaut AG, Blommer Chocolate Co., Buhler AG, Chocoladefabriken Lindt and Sprungli AG, Crown Confectionery Co. Ltd, De Villiers Chocolate, Ezaki Glico Co. Ltd., Ferrero International SA, GEA Group Aktiengesellschaft, HARIBO GmbH and Co. KG, Mars Inc., Meiji Holdings Co. Ltd., Mondelez International Inc., Nestle SA, Ooh La La Confectionery, Parle Products Pvt. Ltd., pladis Foods Ltd, Puratos Group NV, The Hershey Company, The Kraft Heinz Co., and Foleys Candies LP

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

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What are the Key Data Covered in this Confectionery Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive confectionery market growth during the next five years
  • Precise estimation of the confectionery market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the confectionery industry across Europe, North America, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of confectionery market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Chocolate - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Chocolate - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Chocolate - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Chocolate - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Chocolate - Year-over-year growth 2021-2026 (%)
    • 5.4 Sugar confectionery - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Sugar confectionery - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Sugar confectionery - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Sugar confectionery - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Sugar confectionery - Year-over-year growth 2021-2026 (%)
    • 5.5 Gums - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Gums - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 37: Data Table on Gums - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 38: Chart on Gums - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Gums - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Product
      • Exhibit 40: Market opportunity by Product ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Germany - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Aasted ApS
              • Exhibit 93: Aasted ApS - Overview
              • Exhibit 94: Aasted ApS - Product / Service
              • Exhibit 95: Aasted ApS - Key offerings
            • 10.4 ALFA LAVAL
              • Exhibit 96: ALFA LAVAL - Overview
              • Exhibit 97: ALFA LAVAL - Business segments
              • Exhibit 98: ALFA LAVAL - Key offerings
              • Exhibit 99: ALFA LAVAL - Segment focus
            • 10.5 Buhler AG
              • Exhibit 100: Buhler AG - Overview
              • Exhibit 101: Buhler AG - Business segments
              • Exhibit 102: Buhler AG - Key offerings
              • Exhibit 103: Buhler AG - Segment focus
            • 10.6 Ferrero International SA
              • Exhibit 104: Ferrero International SA - Overview
              • Exhibit 105: Ferrero International SA - Product / Service
              • Exhibit 106: Ferrero International SA - Key offerings
            • 10.7 GEA Group Aktiengesellschaft
              • Exhibit 107: GEA Group Aktiengesellschaft - Overview
              • Exhibit 108: GEA Group Aktiengesellschaft - Business segments
              • Exhibit 109: GEA Group Aktiengesellschaft - Key news
              • Exhibit 110: GEA Group Aktiengesellschaft - Key offerings
              • Exhibit 111: GEA Group Aktiengesellschaft - Segment focus
            • 10.8 Mars Inc.
              • Exhibit 112: Mars Inc. - Overview
              • Exhibit 113: Mars Inc. - Product / Service
              • Exhibit 114: Mars Inc. - Key offerings
            • 10.9 Meiji Holdings Co. Ltd.
              • Exhibit 115: Meiji Holdings Co. Ltd. - Overview
              • Exhibit 116: Meiji Holdings Co. Ltd. - Business segments
              • Exhibit 117: Meiji Holdings Co. Ltd. - Key offerings
              • Exhibit 118: Meiji Holdings Co. Ltd. - Segment focus
            • 10.10 Mondelez International Inc.
              • Exhibit 119: Mondelez International Inc. - Overview
              • Exhibit 120: Mondelez International Inc. - Business segments
              • Exhibit 121: Mondelez International Inc. - Key news
              • Exhibit 122: Mondelez International Inc. - Key offerings
              • Exhibit 123: Mondelez International Inc. - Segment focus
            • 10.11 Nestle SA
              • Exhibit 124: Nestle SA - Overview
              • Exhibit 125: Nestle SA - Business segments
              • Exhibit 126: Nestle SA - Key news
              • Exhibit 127: Nestle SA - Key offerings
              • Exhibit 128: Nestle SA - Segment focus
            • 10.12 The Hershey Co
              • Exhibit 129: The Hershey Co - Overview
              • Exhibit 130: The Hershey Co - Business segments
              • Exhibit 131: The Hershey Co - Key offerings
              • Exhibit 132: The Hershey Co - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 133: Inclusions checklist
                • Exhibit 134: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 135: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 136: Research methodology
                • Exhibit 137: Validation techniques employed for market sizing
                • Exhibit 138: Information sources
              • 11.5 List of abbreviations
                • Exhibit 139: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Confectionery market growth will increase by $61.69 billion during 2022-2026.
              The confectionery market is expected to grow at a CAGR of 4.75% during 2022-2026.
              Technavio has segmented the confectionery market by product (Chocolate, Sugar confectionery, and Gums) and geographic (Europe, North America, APAC, South America, and Middle East and Africa).
              Aasted ApS, ALFA LAVAL, Arcor Group, Baker Perkins Ltd., Barry Callebaut AG, Blommer Chocolate Co., Buhler AG, Chocoladefabriken Lindt and Sprungli AG, Crown Confectionery Co. Ltd, De Villiers Chocolate, Ezaki Glico Co. Ltd., Ferrero International SA, GEA Group Aktiengesellschaft, HARIBO GmbH and Co. KG, Mars Inc., Meiji Holdings Co. Ltd., Mondelez International Inc., Nestle SA, Ooh La La Confectionery, Parle Products Pvt. Ltd., pladis Foods Ltd, Puratos Group NV, The Hershey Company, The Kraft Heinz Co., Foleys Candies LP are a few of the key vendors in the confectionery market.
              APAC will register the highest growth rate of 30.62% among the other regions. Therefore, the confectionery market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the confectionery market growth are:
              • Availability of a diverse range of products in new flavors
              • Growing influence of promotional activities and social media marketing
              The confectionery market vendors should focus on grabbing business opportunities from the chocolate segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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