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Confectionery Market Drivers is Responsible to for Increasing Market Share, Forecast 2025

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Title: Confectionery Market Drivers is Responsible to for Increasing Market Share, Forecast 2025


1
Confectionery Market
GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2016-2025
2
REPORT DESCRIPTION
Confectionery MarketOverview
The confectionery market is a steadily growing
market with rising sales in emerging economies.
Confectionery products are typically low in
nutrients and high in calorie content. Increasing
incidence of lifestyle diseases such as diabetes,
hypertension, and heart diseases coupled with
rising health awareness has given rise to new
product segments such as sugar-free confectionary
products. Rise in demand for sugar-free,
low-calorie, and organic products is projected to
boost growth of the market. Sugar substitutes
such as sorbitol, mannitol, maltitol and lactitol
among others are used in confectionery.
Chocoladefabriken Lindt Sprüngli A.G. and The
Hershey Company are some of the players offering
sugar free chocolates, mints, toffees, candies,
and jellies. The biggest restraint to the
confectionery market is the rise in raw material
costs. For example, cocoa prices have been
fluctuating over the past few years due to
erratic production and supply demand imbalance.
According to the International Cocoa Organization
(ICCO), prices have fluctuated between US
2000/ton and US 3000/ton since 2014. The ICCO
recommends that producers either reduce the
volume of chocolate products or raise prices to
achieve profitability in such market conditions.
3
REPORT DESCRIPTION
Confectionery MarketOutlook
  • North America is the largest confectionery market
    region with the U.S. being a prominent consumer
    of confectionery products. One of the major
    drivers for this market is the seasonal demand
    for confectioneries. There is a high demand for
    candies and chocolates, as they are a vital part
    of the U.S. festivals.
  • Europe is also among the leading consumers and
    producers of confectionery products. In
    Switzerland, sales of premium chocolate continued
    to rise in 2017. Swiss consumers were more
    inclined towards high quality confectionery
    products, which incorporate organic, fair-trade
    chocolate and/or chocolate with a high cocoa
    content.
  • The crucial strategies adopted by the market
    players include acquisitions, mergers, new
    product developments, capacity expansions, and
    flavor differentiation that helps to capture
    market share. In 2017, Hersheys acquired Amplify
    Snack Brands to create a broader portfolio of
    brands by merging Hersheys snack mix and meat
    snacks products with Amplifys products such as
    Skinny Pop, Tyrrells, Oatmega, and Paqui.
  • Request a sample copy of this report
  • https//www.coherentmarketinsights.com/insight/req
    uest-sample/1444

4
REPORT DESCRIPTION
Confectionery MarketSegmentation
  • On the basis of product type, confectionery
    market is segmented intoSugar Confectionery,Hard-
    boiled Sweets,Caramels and Toffees,Gums and
    Jellies,Medicated Confectionery,Mints,Others,Choco
    late Confectionery,Bagged,Self lines,Boxed
    Assortments,Count line,Seasonal Chocolate,Tablets
  • GumChewing Gum,Bubble Gum
  • On the basis of distribution channel,
    confectionery market is segmented
    intoSupermarkets,Hypermarkets,Online,Convenience
    Stores,Specialty Stores,Others
  • To know the latest trends and insights prevalent
    in this market, click the link belowhttps//www.c
    oherentmarketinsights.com/ongoing-insight/confecti
    onery-market-1444

5
REPORT DESCRIPTION
Confectionery MarketKey Players
  • Nestlé S.A.
  • Mars Inc.
  • Ferrero Group
  • Meiji Co. Ltd
  • Candyrific
  • Elmer Chocolate
  • Mondelez International
  • Grupo Arcor
  • The Hershey Company.

6
ABOUT COHERENT MARKET INSIGHTS
ABOUT US
Coherent Market Insights is a global market
intelligence and consulting organization focused
on assisting its plethora of clients achieve
transformational growth by helping them make
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7
ABOUT COHERENT MARKET INSIGHTS
Industries we cater
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8
ABOUT COHERENT MARKET INSIGHTS
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CUSTOMIZED SOLUTIONS
9
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