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1. CONFECTIONERY
MARKET 2022-2028

2. MARKET DEFINITION
Confectionery Market Size was valued at USD 301.2 billion in 2021 and is expected to reach
USD 409.8 billion by 2028, and grow at a CAGR of 4.5% over the forecast period 2022-2028.
Confectionery alludes to food things that are wealthy in sugar and carbs. It incorporates a wide
scope of items like chocolates, treats, bars, chewy candies, mints, and others. Shopper
propensities, tastes, and inclinations are continually advancing. This has prompted development
in the field of confectionery that drives market development. Makers are expanding their item
range by including useful fixings, natural homegrown fillings, tropical organic products, and nut-
based and fascinating flavors in item definitions to fulfill changing shopper needs.Moreover, the
pattern of giving sweet shop items, like treats, chocolates, pastry kitchen things, and others, has
empowered to move the market development in the new year. Brands are continually laying out
one-of-a-kind connections with procedures to look for customer consideration as ice cream parlor
items are essentially bought because of motivation purchasing. These elements have aggregately
empowered to drive the market for confectionery items. In any case, the unpredictable idea of
unrefined substance costs of sugar and cocoa can hamper the development of the market.

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4. Market Dynamics
• Customer propensities, tastes, and
inclinations are continually developing.
• The pattern of giving sweet shop items, like
treats, chocolates, pastry kitchen things,
and others.
KEY DRIVERS
• The volatile nature of raw material prices of
sugar and cocoa.
• Vacillations in the cost of natural
substances.
RESTRAINTS
• Vacillations in the cost of natural
substances.
OPPORTUNITY

5. MARKET SEGMENTATION
By Product Type
 Hard-boiled Sweets
 Mints
 Gums & Jellies
 Chocolate
 Caramels and Toffees
 Medicated Confectionery
 Fine Bakery Wares
 Others
By Age Group
 Children
 Adult
 Geriatric
By Price Point
Economy
Mid-Range
Luxury
By Distribution Channel
Supermarket/Hypermarket
Convenience Stores
Pharmaceutical & Drug Stores
Food Services
Duty-free Outlets
E-commerce

6. MARKET PLAYERS
Mondelez International Nestlé S.A Ferrero Group Meiji Co., Ltd. Ezaki Glico Co.

7. COMPETITIVE LANDSCAPE
Mondelez International
Nestlé S.A
Ferrero Group
Meiji Co., Ltd.
Ezaki Glico Co.
Haribo GmbH & Co. K.G.
Pladis

8. REGIONAL COVERAGE
Global
North
America
Europe
APAC
Middle
East
Africa
Latin
America

9. About US
SNS Insider is a market research company that helps clients looking to grow by giving them
strategies based on facts. With our headquarters in India, we've grown to help our clients find
new ways to grow all over the world.
We offer our clients an integrated data and research solution drawing on the company’s three
core competencies:
1. Syndicate 2. Custom 3. Consulting
Our staff of Field Interviewers takes care of the whole research process, from getting the first-
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at all of the data and results of a study. SNS has built a proprietary market size model for every
business sector on our custom-built data platform. Our consultants also help clients figure out
how to use the results and suggestions of research in their own businesses.

10. Contact Us
Akash Anand
Head of Business Development &
Strategy
info@snsinsider.com
IND: +91-7798602273
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