Confectionery Market: Global Industry Analysis and Forecast to 2020

Persistence Market Research

Confectionery Market: Global Industry

Analysis and Forecast to 2020

Persistence Market Research

Confectionery Market: Global Industry Analysis and Forecast to 2020

Persistence Market Research Released New Market Report on Confectionery Market:
Global Industry Analysis and Forecast to 2020.
The confectionery market is one of the growing sectors globally . Usually, confections are low in nutrients
and high in calorie. Sugar-free confections are gaining popularity in the recent years due to factors such
as increasing obesity rate, increasing number of diabetic patients, increasing nutritional and health
concerns, and changing lifestyle. The confectionery market can be primarily divided into two broad
categories: sugar confectionery and bakers confectionery . Sugar confectionery includes sweets,
candies, chocolates, and chewing gum. Bakers confectionery includes pastries, cakes, doughnuts, and
cookies.

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The global confectionery market can be segmented into five categories: chocolate confectionery, sugar
confectionery, gum, cereal bars, and others. Major raw materials used in chocolates are cocoa and sugar,
and raw materials used in gum include latex. Confectionery products are consumed by people of all age
groups.

In terms of geography, Europe dominates the global confectionery market, followed by North America and
Asia Pacific . The U.S. represents the largest confectionery market globally , followed by China and the
U.K. India is the key market in Asia Pacific and the fastest-growing confectionery market in the world.

Rising disposable income, growing retail market, increasing trend of gifting confectionery items,
increasing population , increasing urbanization, hectic lifestyle, and more women in the workforce are
some of the major driving factors of the confectionery market. Increasing population along with increasing
disposable income in developing countries such as India and China is expected to increase the growth
rate of the confectionery market. Increasing disposable income allow the customer to spend more.
According to the National Bureau of Statistics China, annual per capita disposable income of urban
households in China increased from USD 2,271.0 in 2008 to USD 3408.5 in 2012. The overall annual
disposable income in India median household income increased from USD 1,366.2 billion in 2010 to USD
1,587.6 billion in 2013. Consumers with hectic schedule tend be more inclined toward confections, as
these items are tasty and consume less time. Additionally, increasing number of working women is driving
the global confectionery market as it is resulting in higher disposable income for the family . According to
the U.S. Department of Labor in 2013, there were 127.1 million working women in the U.S. which is

Persistence Market Research

Confectionery Market: Global Industry Analysis and Forecast to 2020

expected to grow at 5.4% by 2022. The urban population is more inclined toward consumption of
confectionery compared to its rural counterparts. According to the United Nations Department of
Economic and Social Affairs (UN DESA), in 2013 the largest urban population growth took place in the
Asian countries such as India and China. By 2050, India is expected to have 404 million urban dwellers
while China is likely to stand at 292 million. Some of the major restraints for the global confectionery
market are rising health issues, increasing government regulations , and increasing raw material cost.

Some of the major companies operating in the global confectionery market are The Hershey Company,
the Ferrero Group, Mars, Incorporated., Mondelz International, Nestl S.A., Parle Products Pvt. Ltd.,
Kraft Foods, Cadbury, HARIBO Dunhills (Pontefract) PLC, United Confectionery Manufacturers, Perfetti
Van Melle, Kegg's Candies, Petra Foods, Yildiz Holding, Crown Confectionery, and Brookside Foods.

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Key points covered in the report:1. Report segments the market on the basis of types, application, products, technology, etc
(as applicable)
2. The report covers geographic segmentation
North America
Europe
Asia
RoW
3. The report provides the market size and forecast for the different segments and
geographies for the period of 2010 to 2020
4. The report provides company profiles of some of the leading companies operating in the
market
5. The report also provides porters five forces analysis of the market.
Browse the full All Upcoming Persistence Market's report at
http://www.persistencemarketresearch.com/forthcoming-reports.asp
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Persistence Market Research

Confectionery Market: Global Industry Analysis and Forecast to 2020

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