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Confectionery Market is Expected to Reach $232,085 Million, Globally, by 2022

Confectionery Market Report, published by Allied Market Research, forecasts that the global market was valued at $184,056 million in 2015, and is expected to reach $232,085 million by 2022, supported by a CAGR of 3.4% during the forecast period 2016 - 2022. The chocolate confectionery segment dominated the market in 2015 with more than one-third revenue share.

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Confectionery Market is Expected to Reach $232,085 Million, Globally, by 2022

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  1. Confectionery Market nt Femtocell Market Confectionery Market Global Opportunity Analysis and Industry Forecast, 2013 - 2020 Global Opportunity Analysis and Industry Forecast, 2013 - 2020 Global Opportunity Analysis and Industry Forecast, 2014 – 2022 , 2 Global Opportunity Analysis and Industry Forecast, 2013 - 2020 , Publish Date :  Feb 2017 No of Pages: 195

  2. Introduction Global Confectionery Market size was valued at $184,056 million in 2015, and is expected to reach $232,085 million by 2022, supported by a CAGR of 3.4% during the forecast period 2016 - 2022. Confectionery market comprises array of food products such as chocolates, raw pastes, and various sugar-based products. In addition, it includes therapeutic and dietetic confectioneries that differ in formulations from traditional confections. The preferred type of confectioneries often differ according to the geographical regions due to difference in regulatory norms and other factors such as economy and taste & preference of customers. The global confectionery market is growing at a steady pace owing to high demand from middle-class consumers.

  3. Europe is expected to continue to lead the market during the forecast period, followed by Asia-Pacific region. • Dark chocolate is expected to show highest growth rate in chocolate confectionery market, registering a CAGR of 4.3%. • Mints is projected to significant growth, registering a CAGR of 3.6%. • Brazil accounted for 35.27% share in the LAMEA confectionery market in 2015. • India is expected to grow at a faster rate, registering a CAGR of 4.6%. • Italy accounted for 7.33% share in 2015. Current and Future Market Scenario

  4. Confectionery industry manufactures wide variety of food products that contain high sugar content such as candies, chocolates, caramels, gums, and cookies. Product innovation, rise in gifting trend, retail market expansion, and strong marketing campaigns are major factors that drive the growth of the global confectionery market. In addition, economic growth and rise in disposable income of emerging economies supplement the market growth, thus increasing the purchasing power of customers. Sucrose, cocoa products, flours, sugar, and food additives are some of the raw materials utilized in confectionery production. Manufacturers are increasing their product range by including organic herbal fillings, exotic flavors, and functional ingredients in their product formulations to cater to the changing consumer demands. International Organization for Standardization (ISO), Canadian Food Inspection Agency (CFIA), Food and Drug Administration (FDA), Health Canada, World Health Organization (WHO), and European Union (EU) are some of the regulatory authorities present in the confectionery market. Factors Contributing to Market Growth

  5. Confectionery Market - Segment Overview Key Segments

  6. Confectionery Market - Top Impacting factors Global Economic Growth Rate, by Area, 2015 -2017

  7. Confectionery Market -Top Impacting factors Brazil Confectionery Market Revenue, 2014-2022 ($Million)

  8. Region Overview Europe and Asia-Pacific collectively contributed more than half of the share to the global confectionery market revenue in 2015. In the same year, Europe dominated the market, owing to the product innovation in terms of textures, flavors, shapes, and pack sizes.

  9. The prominent market players profiled in the report include Delfi Limited (Singapore), Ezaki Glico Co., Ltd. (Japan), Ferrero SpA (Italy), Lindt & Sprngli AG (Switzerland), Lotte Confectionery Co. Ltd. (South Korea), Mars, Incorporated (U.S.), Mondelez International, Inc. (U.S.), Nestl S.A. (Switzerland), The Hershey Company (U.S.), and Wm. Wrigley Jr. Company (U.S.). Leading Players

  10. Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/confectionery-market Follow Us On

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