Dublin, May 23, 2019 (GLOBE NEWSWIRE) -- The "Confectionery: Global Intelligence Database" report has been added to ResearchAndMarkets.com's offering.
IC Confectionery is a global intelligence database on Confectionery products that offers 52 major countries data. It Covers 13 year of comparable data with 5 year forecasts including value and volume sales. Consists cross country robust and granular data information covering broader product categories as well as distribution channel sales.
Market Scope
- Overall Confectionery products market data, volume and value analytics with growth trend (2010-2023).
- Distribution channel sales data from 2010-2017
- Additional information includes - GDP, per capita consumption, per capita expenditure, economic parameters, population, inflation- food inflation and overall inflation and country currency exchange rates
This Research Data involves study of Confectionery Sector across 6 regions, covering 52 countries with more than 75,000 data points for the period 2010-2023. Below mentioned 4 broad categories are covered in the market that covers various segments, Category definitions and segment definitions.
- Chocolate
- Sugar Confectionery
- Gum
- Snack bars
Market Overview
The global Confectionery Market is expected to reach USD 237.4 billion by 2023 at a CAGR of 3.9%, during the forecast period. The global Confectionery sale has surpassed 14,481 million Kg in 2017, registering a volume CAGR of 1.8%, during the forecast period. The volume consumption of Confectionery observed a stable growth during the past five years. The US and China remains the key market for confectionery sales.
Middle East Witnessing the Real Growth in Chocolate Confectionery Sales
The Middle East and Africa hold only 3.2% of the global chocolate sales in 2017. However, the Middle East is the fastest growing region witnessing a volume CAGR of 3.3% during the forecast period. Sugar confectionery dominates the volume consumption in Asia-Pacific and the Middle East owing to lower product price. Western Europe continues to dominate the chocolate market despite the sluggish CAGR during the forecast period. North America continues to dominate the overall confectionery sales during the forecast period which is primarily driven by snack bar sale. Snack bar recorded an impressive growth in North America both by volume and value.
Gum Sales Affected Overall
North America which used to be the leading gum market is expected to decline during the forecast period. Sugar-free chewing gum volume sales declined by 1.1% in 2017 in North America which is largely affected by the declining sales in the US. Asia-Pacific which is the key market for sugar-free chewing gum recorded a decline in volume sales in 2017 which is expected to recover during the forecast period. Bubblegum is the fastest growing category in Asia-Pacific while it is witnessing a negative growth in North America during the forecast period.
Expanding retail channels in emerging market driving sales
Supermarkets/hypermarkets account for the dominant share of 42% in the market while online retail is witnessing the fastest growth rate. Confectionery sales from Specialist retailers recorded USD 24.7 billion in 2017, up 18.5% from 2012. Online retail is the fastest growing channel globally, registered a CAGR of 5.9% during 2012-2017 followed by convenience stores.
Reasons to Purchase this Dashboard
- More Granular: Covers more categories, segments and sub- segments information at country and global level than other market intelligence providers
- Analyzing outlook of the market with the recent market data, historic data and market forecast
- Ease of comparability: Our analytics is based on standardized definition across globe to facilitate better comparability of market data
- View market in different ways among categories and geography to understand where the actual opportunity lies
- Market segmentation including quantitative research incorporating the impact of economic and non-economic aspects
- Regional and country level data integrating the demand and supply forces that are influencing the growth of the market
- Market value (USD Million) and volume (Kg Million) data for each segment and sub segment
- Understanding of the market due to value and volume changes, intra category competition and distribution channel trends
- Develop business strategy to spot growth opportunity and maximize sales in multi-channel distribution through all B2C channels
- Dedicated analyst support for research queries and training
- Continuous amendment of database yearly with significant changes updated based on scenarios
For more information about this report visit https://www.researchandmarkets.com/r/qh0hs2
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