PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616282
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616282
Liquor Confectionery Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Liquor Confectionery Market reached USD 750.3 million in 2023 and is expected to witness 5.5% CAGR from 2024 to 2032. Consumers are increasingly attracted to luxurious and unique treats that combine the sweetness of confections with the sophistication of alcohol. The U.S. Department of Agriculture reported a 15% rise in demand for artisanal, handcrafted confections infused with liquor, often featuring high-quality, exotic spirits. Seasonal or limited-edition products, especially those linked to holidays, have also seen a 10% growth according to the National Retail Federation. Sustainable and ethically sourced ingredients are becoming more important, reflecting a broader consumer trend towards responsible consumption.
E-commerce and social media have amplified these trends, making niche and specialty products more accessible to a global audience. The chocolate segment of the liquor confectionery market is projected to reach USD 584 million by 2032. The widespread appeal of chocolate combined with alcoholic beverages drives this segment, which includes products like liquor-filled chocolates, truffles, and pralines known for their rich flavors and indulgent experience. The whiskey segment in the liquor confectionery market is expected to grow at a CAGR of around 5.3% through 2032. The popularity and versatility of whiskey-infused confections, such as chocolates, truffles, and candies, appeal to consumers seeking premium and sophisticated taste experiences. Whiskey's rich flavors and aromatic profiles enhance the indulgence factor of these confectionery products.
The market share from retail stores segment will grow at a notable rate over the forecast period. Retail stores serve as key points for consumer access and purchase, offering a wide range of liquor-infused confections, including premium and artisanal products that attract consumers seeking unique and indulgent treats. The strategic placement of these products in high-traffic areas within stores also contributes to increased sales. Europe liquor confectionery market is expected to reach approximately USD 450.2 million, by 2032. A strong tradition of gourmet and luxury confections combined with alcoholic beverages drives this growth.European consumers show high demand for premium, artisanal products, including liquor-filled chocolates, candies, and gourmet treats. The region's rich culinary heritage supports the industry expansion. The presence of numerous local artisanal brands further enhances diversity.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $750.3 Million |
| Forecast Value | $1.21 Billion |
| CAGR | 5.5% |
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
- 3.2 Industry impact forces
- 3.2.1 Consumer demand for premium products
- 3.2.2 Innovation and product differentiation
- 3.2.3 Rising disposable incomes
- 3.2.4 Market challenges
- 3.2.4.1 Strict regulations regarding the sale and marketing of alcohol-infused products
- 3.2.4.2 High production costs
- 3.2.5 Market opportunity
- 3.2.5.1 New opportunities
- 3.2.5.2 Growth potential analysis
- 3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.2 Technology evolution
- 3.3.2.1 Sustainable manufacturing
- 3.3.2.1.1 Green practices
- 3.3.2.1.2 Decarbonization
- 3.3.2.1 Sustainable manufacturing
- 3.3.3 Sustainability in raw materials
- 3.3.4 Pricing trends (USD/Ton), 2021 - 2032
- 3.3.4.1 North America
- 3.3.4.2 Europe
- 3.3.4.3 Asia Pacific
- 3.3.4.4 Latin America
- 3.3.4.5 Middle East & Africa
- 3.4 Regulations & market impact
- 3.5 Porter's analysis
- 3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
Chapter 5 Market Size and Forecast, By Product Type, 2021-2032 (USD Million, Kilo Tons)
- 5.1 Key trends
- 5.2 Chocolate
- 5.3 Gums & jellies
- 5.4 Hard candies
- 5.5 Others (Cakes, pastries)
Chapter 6 Market Size and Forecast, By Alcohol Type, 2021-2032 (USD Million, Kilo Tons)
- 6.1 Key trends
- 6.2 Whiskey
- 6.3 Rum
- 6.4 Vodka
- 6.5 Wine
- 6.6 Others
Chapter 7 Market Size and Forecast, By Distribution Channel, 2021-2032 (USD Million, Kilo Tons)
- 7.1 Key trends
- 7.2 Retail stores
- 7.3 Supermarkets/Hypermarkets
- 7.4 Specialty stores
- 7.5 Online retail
Chapter 8 Market Size and Forecast, By Region, 2021-2032 (USD Million, Kilo Tons)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
- 8.6 MEA
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 South Africa
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 Ferrero Group
- 9.2 Neuhaus
- 9.3 Toms Gruppen
- 9.4 Fazer Liqueur Fills
- 9.5 Mars
- 9.6 Booz Drops
- 9.7 Hershey's
- 9.8 Abtey Chocolate Factory
