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Confectionary Markets: Market Shares, Strategies, and Forecasts, Worldwide, 2018 to 2024

Published: Mar, 2018 | Pages: 75 | Publisher: WinterGreen Research
Industry: Food & Beverages | Report Format: Electronic (PDF)

Global Confectionary Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Confectionary is termed as an art of creating confections of food items rich in carbohydrates and sugar. It covers the wide spectrum of products like candies, cakes, and other sweet foods.

Growing number of diabetic patients, increasing health and nutritional concerns among clinicians, and growing obesity related issues across the world are documented as major factors of Confectionary Market that are estimated to enhance the growth in the years to come. Confectionary Market is segmented based on type, product type, raw material, ingredients, and region.

Bakers’ confectionary, sugar confectionary, and chocolate confectionary are the types that could be explored in Confectionary in the forecast period. The chocolate confectionery sector may account for the significant market share of Confectionary and is estimated to continue its dominance in the coming years. 

Gelatin, chewing gum, chocolate, sweets, sugar, pastries, cookies, cakes, doughnuts, and candy are the product types that could be explored in Confectionary in the forecast period. Raw material comprises latex, cocoa, and sugar that may be explored in Confectionary in the forecast period. Flours, sugars, glucose syrup, and sweeteners; confectionary fats, milk and milk products, egg albumen, gelatin agents, starches, preserved fruits, and dry fruits are the ingredients that could be explored in Confectionary in the forecast period.

Confectionary Market is segmented geographically into Americas (North America, South America, and Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.

Globally, Europe may account for the substantial market share of Confectionary and is estimated to lead the overall market in the coming years. Instead, North America and the Asia Pacific are also estimated to have a positive influence on the future growth. North America is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise growing population and high demand. The developing countries like India and China are the major consumers of Confectionary in this region.

The key players of Confectionary Market are Yildiz Holding, Alfred Ritter GmbH & Co. KG, Wrigley, Amul, Uniconf, Arcor, Roshen Confectionery, Barry Callebaut, Ferrero, Hershey, Lotte Confectionery, Mondelez International, Perfetti Van Melle, and Nestle. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

Worldwide markets are poised to achieve continuing growth as Confectionary Markets types include Chocolate, Sugar, and Candy, Gum and Gelatin.  

An increasing number of diabetic patients, terrible obesity issues worldwide, and increasing nutritional and health concerns among clinicians are having an impact on the confectionary markets.  Changing lifestyle impact the market.  The confectionery market can be primarily divided into two broad categories: sugar confectionery and bakers’ confectionery. Sugar confectionery includes sweets, candies, chocolates, and chewing gum.  Bakers’ confectionery includes pastries, cakes, doughnuts, and cookies.

The global confectionery market can be segmented into five categories: chocolate confectionery, sugar confectionery, gum, cereal bars, and others. Major raw materials used in chocolates are cocoa and sugar, and raw materials used in gum include latex. Confectionery products are consumed by people of all age groups.

A $194.8 billion market worldwide in 2017, the Confectionary Markets market has evolved steadily.  It is expected to reach $232 billion by 2024, growing in sugar confectionery and bakers’ confectionery segments as a result of the universal appeal of sweets.  Demand prospects remain positive.  Emerging markets continue to play a role.  Activating new markets in Argentina and Russia is being achieved.  China is evolving as a market, the global market demand for confectionaries is expected to increase by 2.4%.

Companies Profiled

Market Leaders

•	Mars / Wrigley
•	Nestle
•	Mondelēz International
•	Ferrero
•	Hershey
•	Barry Callebaut
•	Meiji Holdings
•	Arcor
•	Perfetti Van Melle
•	Haribo
•	Lindt
•	Orkla
•	Yildiz Holding
•	August Storck
•	Unicomf
•	Lotte
•	Amul
•	Cemio
•	Roshen Confectionery
•	Alfred Ritter GmbH & Co. KG,
•	Delphi
•	Jelly Belly
•	Cloetta

Key Topics

•	Confectionary Markets
•	Chocolate
•	Sugar
•	Candy
•	Chewing Gum
•	Nutrition
•	Confectionery
•	Snacks
•	Sport Chocolate
•	Natural Sweeteners
•	Gelatin
 Table of Contents

Abstract: Confectionary Markets Shift to Bring Less Sugar and More Nutrition to Snacks 1

1. Confectionary Executive Summary 9

2. Confectionary Market Shares and Forecasts 10
2.1 Confectionary Market Driving Forces 10
2.2 Confectionary Market Shares 10
2.3 Confectionary Market Forecasts 16
2.3.1 Confectionery Market Can Be Primarily Divided Into Two Broad Categories: Sugar Confectionery And Bakers’ Confectionery 18
2.3.2 Chocolate Confectionery 19
2.3.3 Sugar Confectionery 19
2.4 Confectionary Regional Market Analysis 22
2.4.1 Norway Chocolate Sugar Tax Hike 25
2.4.2 Norway’s Chocolate Market Outpaces Western Europe 26
2.4.3 Chile 26
2.4.4 Gum and Geletin 26
2.4.5 Other Categories 27
2.5 Confectionery Market, By Sugar 27
2.6 Confectionery Market, By Chocolate 27
2.7 Confectionary Prices 28

3. Confectionary Products 29
3.1 Sugar Health Risks 29
3.2 Value of Chocolate in Diet 29

4. Confectionary Research and Technology 30
4.1 Mars Chocolate & Wrigley Pledge $200 Million Towards Choice & Transparency 30
4.2 Commitment To Better Options And Balanced Choices 31
4.2.1 Increasing Portionable and “Sharing Size” Options 32
4.2.2 Educating on Candy As A Treat, Not An Everyday Snack Or Meal Replacement 32
4.3 Always Raising Standards 32
4.4 Natural Sweeteners 34

5. Confectionary Company Profiles 35
5.1 Alfred Ritter GmbH & Co. KG, 36
5.2 Amul 38
5.3 Arcor 39
5.3.1 Arcor Sales 42
5.4 August Storck 45
5.4.1 August Storck Revenue 45
5.4.2 August Storck Products 46
5.5 Barry Callebaut 46
5.6 Cemoi 47
5.7 Cloetta 48
5.8 Delphi 48
5.9 Ferrero 49
5.9.1 Ferrero Revenue 50
5.9.2 Ferrero Geographic Revenue 50
5.9.3 Ferrero Products 51
5.10 General Mills 51
5.10.1 General Mills Revenue 51
5.10.2 General Mills Ice Cream 53
5.11 Guta Group / Uniconf 54
5.12 Haribo 56
5.13 Hershey 56
5.13.1 Hershey Revenue 57
5.13.2 Hershey Regional Segments 59
5.14 Jelly Belly 60
5.15 Lindt 61
5.16 Lotte Confectionery 63
5.17 Mars 63
5.17.1 Mars Wrigley Confectionery Brands 63
5.17.2 Wrigley 64
5.17.3 Mars Revenue 64
5.18 Meiji Holdings 65
5.19 Mondelēz International 67
5.20 Morinaga 69
5.21 Nestle 69
5.22 Orkla: Cross-Border Shopping 70
5.23 Perfetti Van Melle 73
5.24 Raisio 74
5.25 Roshen Confectionery 74
5.26 Yildiz Holding / Godiva 74

6. Summary and Conclusions 75

7. Selected Market Participants 76
WinterGreen Research, 77
WinterGreen Research Methodology 77
WinterGreen Research Process 79
Market Research Study 79
WinterGreen Research Global Market Intelligence Company 80
List of Figures

Abstract: Confectionary Markets Shift to Bring Less Sugar and More Nutrition to Snacks 1
Figure 1. Confectionary Market Shares, Dollars, Worldwide, 2016 and 2017 9
Figure 2. Confectionary Market Current Trends 10
Figure 3. Confectionary Market Shares, Dollars, Worldwide, 2016 and 2017 10
Figure 4. Confectionary Market Segments by Company, Worldwide, 2017 12
Figure 5. Confectionary Market Shares, Chocolate, Sugar Candy, and Gum Gelatin, Dollars, Worldwide, 2017 13
Figure 6. Donuts, Cookies and Cakes, Pastries Segment Confectionary Market Shares, Dollars, Worldwide, 2017 15
Figure 7. Confectionary Market Forecasts, Dollars, Worldwide, 2012 to 2017 16
Figure 8. Confectionary Market Forecasts, Dollars, Worldwide, 2017 to 2024 17
Figure 9. Confectionary Segment Forecasts, Chocolate, Sugar Candy, Gum and Gelatin, Donuts, Cookies & Cakes, Pastries, Dollars, Worldwide, 2018 to 2024 18
Figure 10. Confectionary Segment Forecasts, Chocolate, Sugar Candy, Gum and Gelatin, Donuts, Cookies & Cakes, Pastries, Percent, Worldwide, 2018 to 2024 19
Figure 11. Confectionary Regional Market Segments, Dollars, Worldwide, 2012-2017 22
Figure 12. Confectionary Regional Market Segments, Percent, Worldwide, 2012 - 2017 23
Figure 13. Confectionary Regional Market Segments, Dollars, Worldwide, 2017-2024 24
Figure 14. Confectionary Regional Market Segments, Percent, Worldwide, 2017 - 2024 25
Figure 15. Mars Health and Wellness Initiatives 33
Figure 16. Ritter Sport Chocolate 36
Figure 17. Ritter Sport Chocolate 37
Figure 18. Ritter Sport Facilities 37
Figure 19. Amul Chocolate 38
Figure 20. Arcor Global Market Presence 40
Figure 21. Arcor Facility 41
Figure 22. Arcor Sales 42
Figure 23. Arcor Confectionary Positioning and Leading Brands 44
Figure 24. Ferrero Facility 49
Figure 25. Ferrero Geographic Revenue 50
Figure 26. Uniconf Metrics 54
Figure 27. Hershey Product Offerings 56
Figure 28. Lindt Chocolate 61
Figure 29. Lindt Headquarters 62
Figure 30. Meiji Holdings Revenue 65
Figure 31. Meiji Holdings Continues Sales Growth of Chocolate 66
More cross-border shopping is likely 70 

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