Confectionery Market - Forecast(2022 - 2027)

Report Code: FBR 70235 Report Format: PDF + Excel

Confectionery Market Overview

Confectionery Market size is estimated at $217 billion in 2020, projected to grow at a CAGR of 3.8% during the forecast period 2021-2026. Confectionery are the products used in making items like hard candies, chocolates, cookies, and chewing gum. Cocoa powder, dairy ingredients, emulsifiers, stabilizers and thickeners (EST), malts, oils & shortenings, sweeteners, starch & derivatives, and flavors are among the most popular confectionery ingredients. Confectionery industry has witnessed huge demand owing to the increasing demand for ready-to-eat food in the market. Moreover, in order to improve the texture, mouthfeel and stability of the product hydrocolloids are used as the gelling agent, thickening agent and stabilizers in confectionery. Increased demand for sugar-free products as a result of rising consumer health consciousness has compelled confectionery manufacturers to research and develop new confectionery products, which has aided the confectionery industry's development. Furthermore, the increasing preference for natural ingredients among confectionery manufacturers has provided an advantageous demand for confectionery suppliers thereby driving the Confectionery Industry.

Confectionery Market Report Coverage

The report: Confectionery Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Confectionery Market.

By Ingredient Type: Cocoa powder & Chocolate, Hydrocolloids, Dairy Ingredients, Malts, Emulsifiers, Sweeteners, Starches & Derivatives, Flavors, Oils & Shortenings and Others.
By Source: Natural and Synthetic.
By Form: Dry and Liquid.
By Application: Sugar Confectionery, Chocolate, Gum and Others.
By Geography: North America (U.S, Canada and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia & New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina and Rest of South America) and RoW (Middle East and Africa).

Key Takeaways

  • Confectionery Market growth is being driven by an increase in demand for non-carbonated drinks owing to the increasing demand for gluten-free, clean, low-calorie, and low-carbon drinks.
  • Geographically, Europe Confectionery Market held the largest revenue share of 36% in 2020 owing to the growing customer preference for various applications in the region. The scope of the Confectionery Market for various regions will be provided in the final report.
  • The increasing demand for sugar free products, ready-to-eat products are driving the Confectionery Industry.
  • The demand for items such as bread, cake, and cookies is rising rapidly, and the confectionery market is expected to rise as a result.
  • However, regulations for the use of confectionery products in order to maintain international quality standards, volatile cocoa costs, and uncertainty about use due to health concerns are all holding the industry back.

Confectionery Market: Market Share (%) by Region, 2020

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Confectionery Market Segment Analysis – By Ingredient Type:

Based on Ingredient Type, Cocoa powder & Chocolate segment accounted for the largest revenue market share in 2020. This is majorly attributed to its diverse applications, not just on confectionery but also in baking like cookies, food processing and food technology. Moreover, the antioxidant property of cocoa helps in controlling cholesterol and sugar levels. As cocoa is rich in polyphenols, it helps in improving blood pressure, minimizing the risk of heart strokes and therefore appeal to customers who prefer wholesome foods. Sweeteners are predicted to grow with the fastest CAGR of 3.9% in the forecast period 2021-2026. Sweeteners are food additives used to enhance the flavor of a number of foods. Many natural sweeteners add to the benefit of sugar. Aware calorie consumers tend to eat without weight loss. As they add sweetness without adding a lot of extra calories. Almost no calories are present in many of these. The use of sugar alternatives helps to avoid tooth decay as well thereby, driving the Confectionery Market

Confectionery Market Segment Analysis – By Application:

Based on Application, Chocolate segment has accounted for largest revenue market share in the year 2020. Chocolates contain high levels of antioxidants Some studies have indicated that chocolate can decrease cholesterol and prevent deterioration in memory. Sugar confectionery is anticipated to grow with the fastest CAGR of 4.2% in the forecast period 2021-2026. This is mainly attributed to the rising demand for various forms and colors of candies globally. In developing countries like Brazil and India and in countries with historically low sugar consumption, like China and Japan, confectionery consumption is increasing. Chocolate and cookies consumption is rising as more wealthy societies emerge. Sweets consumption in more developed countries has remained relatively flat year over year, and in some cases has decreased, assisting the Confectionery Industry's growth.

Confectionery Market Segment Analysis – By Geography:

Based on Geography, Europe Confectionery Market accounted for the 36% revenue share in 2020. This is majorly attributed to the established industries in this region, moreover it offers top quality confectionery globally. According to the Ministry of Foreign Affairs, Europe is a very diverse market for cocoa, which makes it very interesting. It has a thriving chocolate processing and manufacturing industry that needs large quantities of cocoa beans. Although the industry processes a lot of bulk cocoa, demand for specialty cocoa is on the rise. For the European cocoa industry and European chocolate consumers, sustainability is a critical problem. Since manufacturers in this region are focusing on developing benchmark items, Asia-Pacific is expected to be the fastest expanding market throughout the projected period 2021-2026. Owing to the steady increase in demand for candy products and cookies as a result of increased disposable income, procurement power, and industrialization in China and India, the range of confectionery has significantly expanded. Further, owing to the appropriate weather and operating benefits regional demand is anticipated to expand. Ease of business and wide range of application are also prominent factors in the Asia-Pacific economy which drive demand for confectionery Industry.

Confectionery Market - Drivers

The Growing Demand for Sugar Free Products:

The global confectionery market is expected to be driven be the rising demand for sugar free products such as obese and diabetic cakes, the industrialisation, increased purchasing power per capita and the use of color naturally derived from specific color emulsion technology. Moreover, the growth of the world's cakes market will be fuelled by increased health awareness, evolving eating habits, lifestyle and innovation in products. Moreover, diabetic cases have also provided a huge chance for sugar-free products like dark chocolate & cookies. The U.S. Department of Health and Human Services reported that in 2018, in the United States 34.2 million people had diabetes. It was also found that the proportion of diabetes adults is increasing with age. Unlike 26.8% of the population aged 65 years or over, 21.4% of all US adults 18 years old or older suffered from diabetes. All these factors aids to the overall confectionery Industry growth. Also, owing to the complicated issues that the food supply chain faces, food retailers are requesting certificates from their suppliers, according to the Global Food Safety Initiative (GFSI).

Confectionery Market - Challenges

Fluctuating Cocoa Prices:

Fluctuations in the price of cocoa, as well as quality standards and norms for confectionery raw materials, are major market constraints. As people strive for a healthy lifestyle, the market for low-calorie foods is expected to rise. This pattern could stifle the market's expansion. For instance, honey's popularity as a primary component in confections among health-conscious consumers, owing to its natural sweetness, is impeding the market's growth.

Confectionery Market - Landscape:

The Confectionery Market's main strategies include product launches, mergers and acquisitions, joint ventures, and regional expansion. Confectionery Market top 10 companies are Arla Foods, Cargill, Inc., Archer Daniels Midland Company, Olam International, Ingredion Inc., E.I. du Pont de Nemours and Co, Kerry Group plc, Barry Callebaut, Tate & Lyle plc and Koninklijke DSM N.V.

Acquisitions/Product Launches:

  • In November 2019, Olam International has acquired Dangote Flour Mills Plc, a pasta manufacturing company. This has aided in the growing demand for chemical-free and organic goods among consumers
  • In January2019, Barry Callebaut, one of the world’s leading manufacturer of the high quality cocoa products has acquired Inforum, one of the leading Russian B2B manufacturer of chocolate, fillings, compound coatings.

Related Reports:

Confectionery Ingredients Market Forecast (2021-2026)

Report Code: FBR 54131

Chocolate Confectionery Market Forecast (2021-2026)

Report Code: FBR 0407

For more Food and Beverage Market reports, please click here

1. Confectionery Market - Overview
    1.1 Definitions and Scope
2. Confectionery Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends
    2.2 Key trends by Ingredient Type
    2.3 Key trends by Application
    2.4 Key trends by Geography
3. Confectionery Market - Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis– Key Companies
    3.3 Market Share Analysis
    3.4 Patent Analysis
    3.5 Pricing Analysis- Average Price
4. Confectionery Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Confectionery Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Case Studies of Successful Ventures
6. Confectionery Market - Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Confectionery Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Confectionery Market – By Ingredient Type (Market Size –$Million/$Billion)
    8.1 Cocoa powder & Chocolate
    8.2 Hydrocolloids
    8.3 Dairy Ingredients
    8.4 Malts
    8.5 Emulsifiers
    8.6 Sweeteners
    8.7 Starches & Derivatives
    8.8 Flavors
    8.9 Oils & Shortenings
    8.10 Others
9. Confectionery Market – By Source (Market Size –$Million/$Billion)
    9.1 Natural
    9.2 Synthetic
10. Confectionery Market – By Form (Market Size –$Million/$Billion)
    10.1 Dry
    10.2 Liquid
11. Confectionery Market – By Application (Market Size –$Million/$Billion)
    11.1 Sugar Confectionery
    11.2 Chocolate
    11.3 Gum
    11.4 Others
12. Confectionery Market - By Geography (Market Size –$Million/$Billion)
    12.1 North America
        12.1.1 U.S.
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 U.K.
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 India
        12.3.3 Japan
        12.3.4 South Korea
        12.3.5 Australia & New Zealand
        12.3.6 Rest of Asia-Pacific
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
        12.5.2 Africa
13. Confectionery Market - Entropy
14. Confectionery Market – Industry/Segment Competition Landscape Premium 
    14.1 Market Share Analysis
        14.1.1 Global Market Share – Key Companies
        14.1.2 Market Share by Region – Key companies
        14.1.3 Market Share by Countries – Key Companies
        14.1.4 Competition Matrix
        14.1.5 Best Practices for Companies
15. Confectionery Market – Key Company List by Country Premium Premium
16. Confectionery Market Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global MARKET SEGMENTATION Market 2019-2024 ($M)
1.1 Product Type Market 2019-2024 ($M) - Global Industry Research
1.1.1 Chocolate Confectionary Market 2019-2024 ($M)
1.1.2 Sugar Confectionery Market 2019-2024 ($M)
1.1.3 Snack Bar Market 2019-2024 ($M)
1.2 By Distribution Channel Market 2019-2024 ($M) - Global Industry Research
1.2.1 Supermarket/Hypermarket Market 2019-2024 ($M)
1.2.2 Specialist Retailers Market 2019-2024 ($M)
1.2.3 Online Retail Stores Market 2019-2024 ($M)
1.2.4 Convenience Stores Market 2019-2024 ($M)
2.Global COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
2.1 Most Active Companies Market 2019-2024 ($M) - Global Industry Research
2.2 Most Adopted Strategies Market 2019-2024 ($M) - Global Industry Research
3.Global MARKET SEGMENTATION Market 2019-2024 (Volume/Units)
3.1 Product Type Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Chocolate Confectionary Market 2019-2024 (Volume/Units)
3.1.2 Sugar Confectionery Market 2019-2024 (Volume/Units)
3.1.3 Snack Bar Market 2019-2024 (Volume/Units)
3.2 By Distribution Channel Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 Supermarket/Hypermarket Market 2019-2024 (Volume/Units)
3.2.2 Specialist Retailers Market 2019-2024 (Volume/Units)
3.2.3 Online Retail Stores Market 2019-2024 (Volume/Units)
3.2.4 Convenience Stores Market 2019-2024 (Volume/Units)
4.Global COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units)
4.1 Most Active Companies Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Most Adopted Strategies Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America MARKET SEGMENTATION Market 2019-2024 ($M)
5.1 Product Type Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Chocolate Confectionary Market 2019-2024 ($M)
5.1.2 Sugar Confectionery Market 2019-2024 ($M)
5.1.3 Snack Bar Market 2019-2024 ($M)
5.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Supermarket/Hypermarket Market 2019-2024 ($M)
5.2.2 Specialist Retailers Market 2019-2024 ($M)
5.2.3 Online Retail Stores Market 2019-2024 ($M)
5.2.4 Convenience Stores Market 2019-2024 ($M)
6.North America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
6.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
6.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
7.South America MARKET SEGMENTATION Market 2019-2024 ($M)
7.1 Product Type Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Chocolate Confectionary Market 2019-2024 ($M)
7.1.2 Sugar Confectionery Market 2019-2024 ($M)
7.1.3 Snack Bar Market 2019-2024 ($M)
7.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Supermarket/Hypermarket Market 2019-2024 ($M)
7.2.2 Specialist Retailers Market 2019-2024 ($M)
7.2.3 Online Retail Stores Market 2019-2024 ($M)
7.2.4 Convenience Stores Market 2019-2024 ($M)
8.South America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
8.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
8.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
9.Europe MARKET SEGMENTATION Market 2019-2024 ($M)
9.1 Product Type Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Chocolate Confectionary Market 2019-2024 ($M)
9.1.2 Sugar Confectionery Market 2019-2024 ($M)
9.1.3 Snack Bar Market 2019-2024 ($M)
9.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
9.2.1 Supermarket/Hypermarket Market 2019-2024 ($M)
9.2.2 Specialist Retailers Market 2019-2024 ($M)
9.2.3 Online Retail Stores Market 2019-2024 ($M)
9.2.4 Convenience Stores Market 2019-2024 ($M)
10.Europe COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
10.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
10.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
11.APAC MARKET SEGMENTATION Market 2019-2024 ($M)
11.1 Product Type Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Chocolate Confectionary Market 2019-2024 ($M)
11.1.2 Sugar Confectionery Market 2019-2024 ($M)
11.1.3 Snack Bar Market 2019-2024 ($M)
11.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
11.2.1 Supermarket/Hypermarket Market 2019-2024 ($M)
11.2.2 Specialist Retailers Market 2019-2024 ($M)
11.2.3 Online Retail Stores Market 2019-2024 ($M)
11.2.4 Convenience Stores Market 2019-2024 ($M)
12.APAC COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
12.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
12.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
13.MENA MARKET SEGMENTATION Market 2019-2024 ($M)
13.1 Product Type Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Chocolate Confectionary Market 2019-2024 ($M)
13.1.2 Sugar Confectionery Market 2019-2024 ($M)
13.1.3 Snack Bar Market 2019-2024 ($M)
13.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
13.2.1 Supermarket/Hypermarket Market 2019-2024 ($M)
13.2.2 Specialist Retailers Market 2019-2024 ($M)
13.2.3 Online Retail Stores Market 2019-2024 ($M)
13.2.4 Convenience Stores Market 2019-2024 ($M)
14.MENA COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
14.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
14.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Confectionery Market Revenue, 2019-2024 ($M)
2.Canada Confectionery Market Revenue, 2019-2024 ($M)
3.Mexico Confectionery Market Revenue, 2019-2024 ($M)
4.Brazil Confectionery Market Revenue, 2019-2024 ($M)
5.Argentina Confectionery Market Revenue, 2019-2024 ($M)
6.Peru Confectionery Market Revenue, 2019-2024 ($M)
7.Colombia Confectionery Market Revenue, 2019-2024 ($M)
8.Chile Confectionery Market Revenue, 2019-2024 ($M)
9.Rest of South America Confectionery Market Revenue, 2019-2024 ($M)
10.UK Confectionery Market Revenue, 2019-2024 ($M)
11.Germany Confectionery Market Revenue, 2019-2024 ($M)
12.France Confectionery Market Revenue, 2019-2024 ($M)
13.Italy Confectionery Market Revenue, 2019-2024 ($M)
14.Spain Confectionery Market Revenue, 2019-2024 ($M)
15.Rest of Europe Confectionery Market Revenue, 2019-2024 ($M)
16.China Confectionery Market Revenue, 2019-2024 ($M)
17.India Confectionery Market Revenue, 2019-2024 ($M)
18.Japan Confectionery Market Revenue, 2019-2024 ($M)
19.South Korea Confectionery Market Revenue, 2019-2024 ($M)
20.South Africa Confectionery Market Revenue, 2019-2024 ($M)
21.North America Confectionery By Application
22.South America Confectionery By Application
23.Europe Confectionery By Application
24.APAC Confectionery By Application
25.MENA Confectionery By Application