Confectionery Market by Type, Distribution

List of Tables

[194 Pages Report] The Confectionery Market size was estimated at USD 102.99 billion in 2023 and expected to reach USD 108.63 billion in 2024, at a CAGR 5.57% to reach USD 150.56 billion by 2030.

The confectionery market encompasses diverse sweet food products, including chocolates, candies, gum, and various sugar-based treats. Typically, these products target individuals of all ages with a sweet tooth, with specific segments catering to dietary requirements such as sugar-free and vegan confectionery. Including organic, artisanal, and gourmet confectionery products has expanded the market's reach to a more health-conscious and discerning consumer base. Influencing factors for market growth include evolving consumer tastes, rising disposable incomes, and the innovative packaging and marketing strategies adopted by confectionery manufacturers. Additionally, due to their perceived health benefits, the burgeoning demand for premium and dark chocolates has been instrumental in propelling market expansion. Market growth is affected by limitations such as changing health trends discouraging sugar consumption, stringent food safety and labeling regulations, and volatility in raw material prices. The increasing demand for healthy snacking options also challenges the traditional confectionery sector. The latest potential opportunities within the confectionery market lie in developing functional candies that offer health benefits beyond traditional sweets. There is also substantial room for growth in emerging markets, alongside the more mature markets, due to the increasing middle-class population and urbanization. The potential areas of innovation in the confectionery market include using alternative sweeteners to reduce sugar content, sustainable and eco-friendly manufacturing processes, and exploring exotic flavors to cater to a more adventurous consumer palette.

KEY MARKET STATISTICS
Base Year [2023]	USD 102.99 billion
Estimated Year [2024]	USD 108.63 billion
Forecast Year [2030]	USD 150.56 billion
CAGR (%)	5.57%

Type: Preferences for chocolate for a premium eating experience

The chocolate segment encapsulates a vast array of products, including dark chocolate, milk chocolate, white chocolate, artisanal chocolates, and chocolate bars. Consumers' preference for chocolate often stems from a need for indulgent treats, comfort food, and a desire for a premium eating experience. Premiumization trends have grown substantially, indicating a shift toward higher-quality ingredients and artisanal craftsmanship. Gums and gum-based snacks represent a sector that appeals to consumers looking for functional benefits such as dental health, breath freshening, and, increasingly, stress reduction or cognitive support. Innovation in this area focuses on new flavor combinations, functional ingredients such as vitamins and caffeine, and sustainable packaging solutions. Sugar confectionery is a broad category that includes mints, pastilles, gums, jellies & chews, toffees, caramels, nougat, and other sugar-based treats. These products generally satisfy a desire for quick energy boosts, a treat between meals, and sheer enjoyment of the variety of flavors and textures available.

Distribution: Boost in online sales channel with brands opt to sell directly to consumers through their proprietary websites

The offline distribution network for confectionery products comprises traditional brick-and-mortar outlets such as supermarkets, hypermarkets, convenience stores, and specialty stores. Need-based preferences for purchasing from offline stores include the immediate satisfaction of buying and consuming products, the physical experience of choosing from various options, and the assurance of freshness, particularly for premium or artisan chocolates and confections. With the evolution of digital shopping and changes in consumer behavior, online distribution channels have seen significant growth in the confectionery industry. The convenience of online shopping and the ability to easily search for various products, compare prices, and read reviews are among the need-based preferences for choosing an online distribution. Additionally, the potential for direct-to-consumer (D2C) business models allows manufacturers to deepen customer relationships and gather valuable data. The web-based shops specialize in confectionery and often allow for customization, subscription services, and the gifting of confectionery products.

Regional Insights

The confectionery market in the Americas is characterized by a high demand for innovative and diverse products. The United States is one of the significant confectionery markets showing a marked preference for chocolate, with a growing trend towards premium dark chocolate variants and confectioneries with health benefits. Meanwhile, Canada's confectionery market exhibits similar tendencies, emphasizing organic, sustainably sourced ingredients. The latest research indicates a surge in both regions' plant-based and alternative ingredient confectioneries catering to health-conscious consumers. The European Union has a presence of renowned confectionery brands, with innovation and tradition at the core of its consumer products. The market showcases a strong preference for high-quality ingredients, with countries such as Belgium and Switzerland renowned for their chocolates. Confectionery consumption within EU countries is associated with indulgence, and the premium segment is growing. There is also an increased focus on sustainable and ethical sourcing of raw materials, reflected in several initiatives and investments towards better cocoa farming practices. Cultural preferences and economic diversification efforts significantly influence the Middle East and Africa's confectionery market. There is an increasing demand for international brands and a thriving market for local sweets and treats, which often include nuts, dates, and spices. Asia Pacific represents a diverse and rapidly growing confectionery market. In China, the growing middle class has led to an increased demand for premium chocolates and a burgeoning interest in foreign confectionery brands. Japan is known for its innovation in flavors and packaging, continually introducing novel and seasonal products. In India, the confectionery market is heavily influenced by regional tastes, with significant traction for local sweets.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Confectionery Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Confectionery Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Confectionery Market, highlighting leading vendors and their innovative profiles. These include Arcor Group, August Storck KG, Cemoi, Chocoladefabriken Lindt & Sprungli AG, Chocolat Frey AB, Crown Confectionery Co., Ltd., Delfi Limited, Ezaki Glico Co., Ltd., Ferrero International S.A., GelStat Corporation, General Mills Inc., GUTA Group United Confectioners, HARIBO GmbH & Co. KG, Inno Foods Inc., Lotte Corporation, Lozys Pharmaceuticals, S.L., Mars, Inc., Meiji Holdings Co., Ltd., Mondelez International, Inc., Morinaga & Co. Ltd., Nestle S.A., Orion Corp., Perfetti Van Melle Group B.V., Pladis Global, Strauss Group, The Hershey Company, and Valeo Foods Group.

Market Segmentation & Coverage

This research report categorizes the Confectionery Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Chocolate
  - Dark Chocolate
  - White and Milk Chocolate

Gums & Snacks
- Cereal Bars
- Energy Bars

Sugar Confectionery
- Boiled Sweets
- Mints
- Pastilles, Gums, Jellies and Chews
- Toffees, Caramels and Nougat

Distribution
- Offline
- Online

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Confectionery Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Confectionery Market?

3. What are the technology trends and regulatory frameworks in the Confectionery Market?

4. What is the market share of the leading vendors in the Confectionery Market?

5. Which modes and strategic moves are suitable for entering the Confectionery Market?

Product Code: MRR-433AB1DC28EB

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing Trend of Confectionery Gifts and Sugar-Free Confectionery Products
  - 5.1.1.2. Increasing Penetration of Premium Confectionery Products
  - 5.1.1.3. Rising Disposable Income and Consumer Preferences for Confectionery to Amplified Taste Experiences
- 5.1.2. Restraints
  - 5.1.2.1. Rising Health Issues in Consumers with the Consumptions of Confectionery Products
- 5.1.3. Opportunities
  - 5.1.3.1. Rising Innovation & Launches in Confectionery Products
  - 5.1.3.2. Consumers' Preferences for Healthier Options and Rising Focus on Sustainability Goals in the Confectionery Market
- 5.1.4. Challenges
  - 5.1.4.1. Volatile Nature of Raw Material Prices of Confectionery Products
5.2. Market Segmentation Analysis
- 5.2.1. Type: Preferences for chocolate for a premium eating experience
- 5.2.2. Distribution: Boost in online sales channel with brands opt to sell directly to consumers through their proprietary websites
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization

6. Confectionery Market, by Type

6.1. Introduction
6.2. Chocolate
6.3. Gums & Snacks
6.4. Sugar Confectionery

7. Confectionery Market, by Distribution

7.1. Introduction
7.2. Offline
7.3. Online

8. Americas Confectionery Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Confectionery Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Confectionery Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
- 11.3.1. Reprocessing company SugaRich moves to acquire UK Sweetdreams confectionery business
- 11.3.2. Nestle boosts Brazil confectionery production with major investments
- 11.3.3. Tony's Chocolonely secures an additional EUR 20 million funding

12. Competitive Portfolio

12.1. Key Company Profiles
12.2. Key Product Portfolio