Confectionery Market Growth Analysis - Forecast Trends and Outlook (2026-2035)

Increasing Demand for Chocolates to Aid the Confectionery Industry Growth

Based on product type, the chocolate segment is currently leading the global market for confectionery. This can be attributed to the growing popularity of pure chocolates and the increasing expenditure of consumers to satisfy their palates as all age groups consume chocolates or gums. Meanwhile, the ever-increasing demand for dark premium chocolates is anticipated to grow significantly in the forecast period, thus, aiding the market growth.

Europe to Significantly Boost the Confectionery Industry

Geographically, Europe accounts for a major share in the confectionery industry owing to the predominance of the chocolate industry in the region and the emerging trend of gifting confectionery products. Meanwhile, the Asia Pacific region is predicted to witness a robust growth over the forecast period owing to the increasing penetration of confectionery products and the rising demand for packaged food products in the region. Many emerging economies like China and India are predicted to grow considerably in the coming years due to the increasing consumer disposable incomes and the rapidly growing population across the regions.

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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Confectionery: Market Segmentation

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Growing Popularity of Sugar-Free Confections to Aid the Market Growth of the Confectionery Industry

The rising popularity of sugar-free chocolates and confectioneries is driving the growth of the confectionery industry. This can be attributed to the increasing consumer inclination for products with low calories due to the rise in several lifestyle diseases. Moreover, the growing perception of confectionery products as accessible luxury and the increase in consumers' purchasing power has also triggered the industry's growth. The growing trend of gifting confectionery products like bakery items, cookies, chocolates, and others has also propelled the market growth. Other factors like the rapid urbanisation and growing retail industry are also aiding the market growth. However, the low nutritional content and the fluctuating prices of raw materials like sugar and cocoa may pose a significant threat to the confectionery market's development. Over the forecast period, changing dietary habits and the launch of new products with superior qualities, such as low sugar, fat, and cholesterol content, with innovative packaging are slated to further aid the market growth.

The COVID-19 pandemic has severely impacted the confectionery market. The stringent rules and disruption in supply chains have caused a direct effect on the production and demand of confectionery  products, which led to major repercussions in the confectionery business. The reduced gifting during the pandemic led to a sales decline that affected the industry growth. Many key players that were operating in the confectionery market were forced to shut down their production lines during the first half of the pandemic. However, with ease in government regulations and vaccine optimism in place, the industry is expected to recover till 2021 and witness a steady growth in the forecast period.

Key Industry Players in the Global Confectionery Market

The report gives a detailed analysis of the following key players in the global confectionery market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• The Hershey Company
• Ferrero SpA
• Mars, Incorporated
• Nestlé SA
• Chocoladefabriken Lindt & Sprüngli AG
• Mondelez International, Inc.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.