Market analysis of the confectionery market in Europe
The increasing demand of confectioneries in the Western European market along with the popularity of dark chocolate is driving the growth of the confectionery market in Europe. Technavio’s market research analyst estimates the confectionery market in Europe to witness a steady growth and reach a market value of around USD 111 billion during the forecast period.
The increase in production capacity has also enabled the growth of this market. For instance, Mondelēz International, one of Europe’s leading vendor, invested USD 24 million in its Turkey plant. The investment enabled the plant to cover all functions starting from processing to packaging, leading to a 20% increase in the factory’s overall capacity.
Segmentation by product category and analysis of the confectionery market in Europe
The research report forecasts the chocolate segment to account for the bulk of the market share and reach a market value of around USD 76 billion by the end of 2019. The rising demand for dark chocolate is driving the growth of this segment. Added to this, the increase in premium chocolates along with new product launches during occasions is also contributing to the growth of chocolates in Europe.
Competitive landscape and key vendors
The confectionery market in Europe is highly competitive with the presence of large and private manufacturers. The market is predicted to witness more product launches and price wars during the forecast period.
The leading vendors in the market are –
- Ferrero
- Lindt & Sprüngli
- Mars
- Mondelēz
- Nestlé
Other vendors in the market include Astir, August Storck, Barry Callebaut, Bahlsen, BCH, Baronie, Bolero, Britannia Superfine, Cemoi, Cloetta A.B., Candy Spain, ChocoSuc Partner, Confeitaria da Ajuda, Confiserie Rohan, Damel, Dolciaria Oliviero, Ducdo, Elizabeth Shaw, Fini, Griesson de Beukelaer, Glisten Confectionery, Godiva, Gum base, Haribo, IDC, Lacasa, Leonidas, Ludwig Weinrich, Neuhaus, Pastiglie Leone, Pefetti Van Melle, Roshen, Confectionery Corp, Raisio, Reber Chocolate, Serra Dolciaria, Thorntons, Verquin Confiseur, United Confectionery, Vital, Wilhelm Reuss, Windel, and Yildiz.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the confectionery market in Europe?
- What are the key market trends impacting the growth of the confectionery market in Europe?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the confectionery market in Europe?
- What are the key outcomes of the five forces analysis of the confectionery market in Europe?
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Related reports
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Product offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by product category
- Confectionery market in Europe by product category 2014-2019
- Sugar confectionery market in Europe
PART 07: Key leading countries
- UK
- Russia
- Germany
- France
- Italy
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
- Competitive scenario
- Other prominent vendors
PART 14: Key vendor analysis
- Ferrero
- Lindt
- Mars
- Mondelēz International
- Nestlé
PART 15: Appendix
PART 16: Explore Technavio