Our latest research report entitled Confectionery Market (by type (chocolate, sugar confectionery, gums, and other types)) provides complete and deep insights into the market dynamics and growth of Confectionery. The latest information on market risks, industry chain structure Confectionery cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Confectionery growth factors.
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Rapidly Changing Dietary Habits of the Population Are Expanding the Growth
Confectionery is one of the growing sectors globally. The confections are generally low in nutrients and high in calories. The rising popularity of sugar-free confections are is observed in recent years owing to factors including increasing obesity rate, increasing the number of diabetic patients, increasing nutritional and health concerns, and changing lifestyle.
The Confectionery is largely divided into two categories including sugar confectionery and bakers’ confectionery. The sugar confectionery includes sweets, candies, chocolates, and chewing gum. While the bakers’ confectionery includes pastries, cakes, doughnuts, and cookies.
The wide range of products available in the market is majorly driving the confectionery market. Many of the market players offer a variety of products in different shapes and flavors. Moreover, the rapidly changing dietary habits of the population are expanding the growth of the confectionery market. The growing globalization is changing consumer behavior and habits.
Increasing Western influence and urbanization in emerging countries like China and India has augmented the demand for various types of confectioneries. Furthermore, the increase in the disposable income of the people is supporting the demand for confectioneries. Growing industrialization and stabilizing economic conditions in developing countries encourage consumers to spend more money.
However, increasing the cost and shortage of the raw materials required for confectioneries is the major restraining factor for the growth of the confectionery market. Nevertheless, innovations in the products and increasing demand for sugar-free, organic, and low-calorie products are expected to offer lucrative opportunities for the key players in the confectionery market.
Europe Held the Highest Market Share
Regionally, Europe held the highest market share, dominating the global confectionery market. The dominance of the European market attributed to the high demand for sweets and chocolate and the high disposable income of the population. Moreover, the presence of the key players in the market is expected to boost the growth of the confectionery market in this region. While the Asia Pacific market for confectionery has registered the fastest growth owing to the increasing spending capacity of the consumers and changing dietary habits.
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Report on the Global Confectionery Market Covers Segments Such As Type
On the basis of type, the sub-markets include chocolate, sugar confectionery, gums, and other types.
The report provides profiles of the companies in the market such as Ferrero International S.A., Mars, Inc., Nestlé S.A., Hershey Food Corp., Lotte Corporation, Chupa Chups SA, Mondel?z International, Inc., Lindt & Sprüngli AG, United Confectionery Manufacturers, Ezaki Glico Co., Ltd., and Other Companies.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/food-beverage/global-confectionery-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Confectionery.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market.
- The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.