Non-Cocoa Confectionery Market Overview:
The global non-cocoa confectionery market is analysed in detail in the new report from Market Research Future (MRFR). The market’s growth rate over the forecast period till 2022 is analysed in detail in the report, with information about the historical trajectory of the market and present leaders within the market.
Non-cocoa confectionery includes a number of products such as sugar candies, lollipops, gummy candies, and candy bars. These products have gained widespread popularity all over the world due to their aggregable flavor, the availability of various types and forms of non-cocoa confectionery, and the increasing demand for sugary snacks as well as high-protein snacks. The increasing spending power of younger consumers in emerging regions across the world is likely to be a major driver for the global Non-Cocoa Confectionery Market Insights over the forecast period, as these products are highly popular within this demographic.
Growing spread of the distribution network required for widespread distribution of non-cocoa confectionery is likely to be a key driver for the global non-cocoa confectionery market over the forecast period. The growing prevalence of super/hypermarkets in urban centers in emerging countries is likely to be a major driver for the global non-cocoa confectionery market over the forecast period. The increasing sales of non-cocoa confectionery products are the result of the increasing disposable income of consumers in these regions, who have become keen purchasers of Western brands of non-cocoa confectionery, which often excel local brands in terms of quality and brand value. The growing prevalence of Western confectionery brands in emerging regions such as Asia Pacific is likely to be a major driver for the global non-cocoa confectionery market over the forecast period. Several confectionery makers have recently made moves to ensure sustained success in the emerging Asia Pacific market, which is likely to remain fruitful for the global non-cocoa confectionery market over the forecast period.
Segmentation:
By type, the global non-cocoa confectionery market is segmented into sugar confectionery, gum confectionery, and others. Sugar confectionery is likely to retain a dominant share in the global non-cocoa confectionery market over the forecast period due to the widespread popularity of sugar confectionery and the ease of innovating new flavors in the products. The increasing incorporation of new and varied flavors by manufacturers is likely to be a major driver for the global non-cocoa confectionery market over the forecast period. Gum confectionery is also likely to be widely popular over the forecast period due to the growing popularity of gum among younger demographics as well as older demographics. The increasing innovation of new flavors and widespread popularity of gum confectionery is likely to be a major driver for the non-cocoa confectionery market over the forecast period.
By form, the global non-cocoa confectionery market is segmented into candies, candy bars, gummy candies, lollipops, and others.
Regional Analysis:
Europe is likely to be a major regional market in the global Non-Cocoa Confectionery Market Outlook due to the strong presence of the chocolate and confectionery industry in Central European countries such as Germany, Belgium, Switzerland, and the Netherlands. Turkey is another major player in the global confectionery market, with several of the region’s delicacies becoming highly popular all over the world. Germany, Belgium, and Turkey count among the top five exporters of confectionery, lending the Europe market significant gravitas in the global non-cocoa confectionery market. Growing popularity of non-cocoa confectionery in Asia Pacific countries such as India, China, Vietnam, Australia, and Thailand is also likely to be a major driver for the European market players, as all major players in the non-cocoa confectionery market are looking to cash in on the boom in the Asia Pacific market.
North America is also a major producer of non-cocoa confectionery and is likely to remain a leading contributor to the global non-cocoa confectionery market over the forecast period due to the growing consumption of non-cocoa confectionery in the U.S. and Mexico. The growing popularity of sugar candies and gum candies in the U.S. is likely to be a major driver for the global non-cocoa confectionery market over the forecast period.
Competitive Landscape:
Leading players in the non-cocoa confectionery market include Mondelez International Inc., The Hershey Company, Arcor Group, Lindt & Sprüngli, Lotte Sugar Confectionery Co. Ltd., Ezaki Glico, ITC Limited, Orion Confectionery Co. Ltd., MARS Inc., Morinaga & Co. Ltd., Cloetta AB, DS Group, Nestle India Limited, and Ferrero SpA.
Industry Updates:
In February 2019, U.S. candy and nut maker Mount Franklin announced plans to build a new 220,000 sq ft factory in San Jeronimo, Mexico.
Related Reports:
Sugar-Free Beverages Market Research Report Information by Product Type (Fruits & Vegetables Juices, Soft Drinks, Energy Drinks, Dairy Beverages, and Others), Claim (Gluten-Free, Lactose-Free, Organic, and Others), Distribution Channel (Store Based, Non-Store Based) and Region Forecast Till 2030
Rapport d'étude mondial sur le marché de l'huile d'olive extra vierge par catégorie (biologique et conventionnelle), emballage (bouteilles et pots, canettes et autres), canal de distribution [en magasin (supermarchés et hypermarchés, magasins de proximité et autres) et non en magasin] et région (Amérique du Nord, Europe, Asie-Pacifique et le reste du monde) - Prévisions jusqu'en 2030
Market information for organic spices and herbs - by spice type (chillies, garlic, ginger, turmeric, cumin, pepper, cinnamon, cloves, cardamom and others), by herb type (basil, mint, marjoram, parsley, oregano, sage, bay leaves, dill , thyme, rosemary, celery, kaffir lime leaves and others), by form (whole, powder, crushed/chopped, essential oil and others), by application (culinary, meat and poultry products, sauces and dips, snacks and ready meals, soups and Pasta, ready meals, drinks,...
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.
Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.
Contact Us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Email: [email protected]
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek