Dublin, Sept. 13, 2024 (GLOBE NEWSWIRE) -- The "Opportunities in the Global Confectionery Sector 2024" report has been added to ResearchAndMarkets.com's offering.
The global confectionery sector was valued at $196.9 billion in 2023 and is projected to reach $244 billion in 2028, at a CAGR of 4.4%. The sector's volume reached 14.6 billion kg in 2023 and is forecast to register a CAGR of 1.5% over 2023-28. In 2023, chocolate was the largest category in terms of value, with a share of 57.7%, followed by sugar confectionery with a 33.9% share.
However, sugar confectionery cornered the largest volume share globally, at 49.2%, followed by chocolate at 46.3%. The top five companies in the global confectionery sector cornered a combined value share of 46.1% in 2023. The sector was led by Mars, which held a value share of 13.9%, followed by Mondelez International, with 11.1%.
Ferrero, The Hershey Company, and Nestle were the other leading companies in the global confectionery sector in 2023. Private labels recorded a value share of 5%.
Scope
- Sector overview: Provides an overview of the current sector scenario in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-Asia-Pacific, Middle East and Africa (MEA), the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth factors, the latest developments, and future challenges for each region.
- Change in consumption: Provides an overview of consumption changes in the confectionery sector over 2018-28 at global and regional levels.
- High-potential countries: Provides risk-reward analysis of the top high-potential countries in each region based on market assessment, economic development, governance indicators, sociodemographic factors, and technological infrastructure.
- Country and regional analysis: Provides a deep-dive analysis of 10 high-potential countries covering value growth during 2023-28 and key trends. It also includes regional analysis covering the future outlook for each region.
- Competitive environment and brand shares: Provides an overview of the leading companies and brands at global and regional levels. Market shares of brands and private labels in each region are also detailed.
- Key distribution channels: Provides an analysis of the leading distribution channels in the global confectionery sector in 2023. It covers hypermarkets & supermarkets, convenience stores, food & drinks specialists, e-retailers, cash & carries and warehouse clubs, "dollar stores", variety stores & general merchandise retailers, department stores, vending machines, drugstores & pharmacies, and other retail channels.
- Packaging analysis: The report provides percentage share (in 2023) and growth rate analysis (during 2018-28) for various pack materials, pack types, closures, and primary outer types based on volume sales of confectionery.
Reasons to Buy
- Manufacturers and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the confectionery sector.
- The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances.
- The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion.
- To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.
Key Topics Covered:
- Executive Summary
- Sector Overview
- Global Overview
- Americas Overview
- Asia-Pacific Overview
- Eastern Europe Overview
- Middle East and Africa Overview
- Western Europe Overview
- Confectionery: Global Challenges
- Shift in Food Value Share Patterns
- Change in Value Share in the Overall Food Industry, 2023-28
- Reasons for Shift in Value Share
- Change in Consumption Levels: Americas, 2018-28
- Change in Consumption Levels: Asia-Pacific, 2018-28
- Change in Consumption Levels: Eastern Europe, 2018-28
- Change in Consumption Levels: Middle East and Africa, 2018-28
- Change in Consumption Levels: Western Europe, 2018-28
- Identifying High-Potential Countries by Region
- Methodology - Identifying High-Potential Countries
- Country Deep Dive
- High-Potential Country Analysis
- Outlook
- Health & Wellness Analysis
- Health & Wellness Analysis - Global & Regional
- Competitive Environment
- Leading Companies by Value - Global
- Leading Companies and Brands Share Analysis - Global
- Leading Companies and Brands Share Analysis by Region
- Competitive Landscape - Market Analysis
- Key Brands - Chocolate
- Key Brands - Gum
- Key Brands - Sugar Confectionery
- Market Share of Private Labels
- Private Labels' Share Analysis by Region
- Private Labels' Share Analysis by Category
- Key Distribution Channels
- Share of Key Distribution Channels - Global and Regional Level
- Key Packaging Formats
- Growth Analysis by Key Pack Material and Pack Type
- Growth Analysis by Closure Type and Primary Outer Type
- Select Industry Metrics
- Global Patent Filings
- Global Job Analytics
- Global Deals
- Appendix
- Definitions
- About the Analyst
A selection of companies mentioned in this report includes, but is not limited to:
- Mars
- Mondelez International
- Ferrero
- The Hershey Company
- Nestle
For more information about this report visit https://www.researchandmarkets.com/r/3aj4j
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