Confectionery Market Set to Grow at a 4% CAGR, While Fast-Food Market Expected to Reach USD 287.85 Billion by 2030 from USD 218.74 Billion in 2023

Anticipated Growth in Revenue:

Confectionery Market is expected to grow at a CAGR of 4 % during the forecast period. The fast-food market is expected to reach US$ 287.85 Billion in 2030 from US$ 218.74 Billion in 2023.

Confectionery Market Overview:

The confectionery industry is one of the fastest expanding industries in the world. Confections are typically low in nutrition and heavy in calories. Sugar-free candies have become increasingly popular in recent years due to factors such as an increase in diabetic patients, rising obesity rates, rising nutritional and health concerns, and changing lifestyles.



Confectionery Market report examines the market's growth drivers as well as its segments (Type, Interferometer Type, Application, End-User, and Region). Data has been provided by market participants, and regions (North America, APAC, Europe, MEA, and South America). This market study takes an in-depth look at all of the significant advancements that are currently occurring across all industry sectors. To provide key data analysis for the historical period (2017-2020), statistics, and presentations are used. The report examines the Confectionery markets, Drivers, Restraints, Opportunities, and Challenges. This SMR report includes investor recommendations based on a detailed analysis of the current competitive landscape of the Confectionery market.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐎𝐮𝐫 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰:https://www.stellarmr.com/report/Confectionery-Market/527

What are Confectionery Market Dynamics?

The behaviours, interests, and preferences of consumers are constantly changing. This has resulted in Confectionery innovation, which is driving confectionery market growth. Manufacturers are expanding their product variety to fulfill evolving consumer preferences by integrating functional ingredients, tropical fruit, organic herbal fillings, and nut-based & exotic flavors in product formulations.



Moreover, in recent years, the trend of gifting confectionery products such as cookies, bakery items, chocolates, and others has aided market growth. Confectionery products are frequently purchased due to impulse purchases; thus, brands are continually developing novel engaging techniques to attract consumer attention. These factors are propelling the Confectionery market forward. However, the fluctuating nature of sugar and cocoa raw material prices may hinder the Confectionery market's growth.

𝐍𝐞𝐞𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 + 𝐆𝐫𝐚𝐩𝐡𝐬 𝐇𝐞𝐫𝐞:https://www.stellarmr.com/report/req_sample/Confectionery-Market/527

What is Confectionery Market Regional Insight?

Europe has the largest share of the confectionery market by region, with a stronghold in the chocolate confectionery area. Consumers expect specialized and customized chocolates, such as 'melt in the mouth,' 'quality for chocolate,' and others, resulting in increased confectionery sales. It is the most popular snack in several European countries, including the United Kingdom, Germany, and Austria. These countries are predicted to consume five times as much as the rest of the world.



However, due to rising population, rising disposable income, and new brand launches from established players, the Asia-Pacific region is predicted to grow at a substantial CAGR throughout forecast period.



Sugar and chocolate products are seeing a massive increase in sales in North America as consumers increasingly view them as comfort food. The region's between-meal snacking trend has increased demand for snacks and cereal bars.

What is Confectionery Market Segmentation?

By Product

Hard Boiled Sweets
Mints
Gum & Jellies
Chocolates
Caramels and toffees
Medicated confectionery
Fine Bakery Wares
Others
By Age

Child
Adult
Geriatric
By Distribution Channel

Convenience store
Supermarkets/ Hypermarkets
Food Services
Duty-free outlets
E-commerce
Others
Pharmacies & drug stores

𝐅𝐑𝐄𝐄 𝐆𝐞𝐭 𝐚 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰!https://www.stellarmr.com/report/req_sample/Confectionery-Market/527

Some of the current players in the Confectionery Market are:

The Hershey Company
Unilever
Cadbury's
Delfi limited
Ferraro international SA
Mondelez international INC
Nestle SA
Mars, Incorporated
Ezaki Glico
Pladis global
Haribo GmBH
Meiji holdings

Key Offerings:

Past Market Size and Competitive Landscape
Confectionery Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Confectionery Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company's vision is to be an integral part of the client's business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

This release was published on openPR.