Global Confectionery Report

Global Confectionery Report

Brief

Confectionery products with "functional" ingredients, "fair-trade" claims, "clear" labels and "interactive" packaging are set to gain popularity globally; this reflects in the growth projection of over 3.60 percent reaching market valuation of $188.80B by 2020.

Established on GlobalData's Product Launch Analytics, majority of new product launches were seen around claims including "low calories", "no additives" and "high calcium, high fiber, high vitamins". Besides, growing concern of sugar intake among consumers is fueling the demand for Confectionary products with "sugar free" claims. Furthermore, consumers in developed countries are becoming more socially conscious and are drifting towards fair-trade certified brands and products.

The overall Confectionery market in 2015 was valued at $158.40B with Western Europe accounting for 29.30 percent value share in 2015 while Asia Pacific will be the quickest increasing region at a compound annual growth rate (CAGR) of 6.40 percent during 2015-2020 with strong demand from India (IN), China (CN) and Thailand (TH).

The sector is facing a challenging environment mounted on four main issues- healthy eating trend, shift towards e-commerce, cocoa sustainability and growing ingredient cost - that are impacting manufacturers' margins. The overall Confectionery market is highly fragmented with the best 5 brands holding just 7.10 percent of the combined market share in 2015 and the global market share for private label products in the overall Confectionery market remains moderate at 4.20 percent by value as of 2015, a slight increase from 3.80 percent in 2010.

Sugar Confectionery continues to hold the quickest increasing category title, globally in Value term. While Gum will register more significant increase rate of 4.00 percent in volume terms, during the period 2015-2020.

Chocolate is quite mature in developed markets, but the category is benefitting from increasing experimental attitude of consumers and manufacturers are launching products in unusual flavors including salty/spiced Chocolates and attractive packaging such as decorative gift boxes and limited edition in seasonal and holiday theme packaging. Capitalizing on consumers' desire for more experiential way of Confectionery consumption and interactive packaging that adds fun element to the product consumption including Nestle Kit Kat with music app Shazam and Mondelez Caramelle Gommose will gain popularity.

GlobalData's "Global Confectionery Report - Analysis of opportunities offered by high growth economies" report offers together multiple data sources to provide A detailed overview of the overall Confectionery market. It includes an analysis on overall Confectionery market with consumption analysis highlighted for all regions. The market research also identifies high plausible countries across areas that have been identified by creating a score card with multiple parameters.

The industry report draws on the market data by analyzing top distribution channels for the overall Confectionery market. Market data is also used for studying the level of competition in the industry by identifying the most important brands at a overall and regional level with industry insights on market share of private label products. The study also comprises recommendations for manufacturers and a section on interesting case examples/ success stories of products launched in the overall Confectionery market in the new years

Market data coverage: The global market value data included in the analysis is for the period 2010-2020.

Category coverage: This industry report offers info on three categories including Chocolate, Sugar Confectionery and Gum.

More comprehensive brand coverage: The market research offers more comprehensive brand share coverage. Brand share data is also validated by inputs from market experts.

Distribution channel: The Distribution data included in the industry report contains 11 distribution channels including Hypermarkets & Supermarkets, Food & Drinks Specialists, Convenience Stores, Department Stores, Cash & Carries & Warehouse Clubs, "Dollar Stores", Variety Stores & General Merchandise Retailers.

Time period: The study offers global market value data, including category level data for the period 2010-2020. Distribution channel data for 2010 - 2015 and brand share data is included for the year 2015.

Firms Mentioned: Mondelez International, Mars, Ferrero International, Lotte Group, Strauss Group, Tiger Brands, United Food Industries Corporation Ltd. Co., Ferrero, Nestle, Arcor group

Main highlights

- Robust growth from developing countries will drive overall Confectionery market

- Healthy eating trend, shift towards e-commerce, cocoa sustainability and increasing ingredient cost are the main challenges faced by the Confectionery industry

- In Asia Pacific (APAC), China (CN), India (IN) and Japan (JP) are the biggest markets for Confectionery products in value terms

- Global Confectionery market is highly fragmented with the best five brands accounting for 7.10 percent of the combined market share

- The Sugar Confectionery category has the more important market share for private label products in the overall Confectionery market

- Hypermarkets and Supermarkets is the leading distribution channel in the overall Confectionery market

- Flexible Packaging is the commonly used packaging material in the overall Confectionery market

Abstract

GlobalData's Global report on the Confectionery market offers business insights on high growth categories to target, forecasts in the usage of packaging materials, types and closures category level distribution data and brands market shares.

Other key elements:

- Market data: Overall market value and volume data with growth analysis for 2010-2020

- Category coverage: Value and growth analysis with inputs on individual segment share within each category and the change in their market share forecast for 2015-2020

- More comprehensive brand coverage: The analysis offers more comprehensive brand share coverage. Brand share data is also validated by inputs from market experts.

- Distribution channel: The Distribution data included in the market research includes 11 distribution channels including Hypermarkets and Supermarkets, Health and Beauty Stores, Department Stores, Cash and Carries and Warehouse Clubs, "Dollar Stores" and Variety Stores and General Merchandise Retailers.

- Packaging data: consumption breakdown for packaging materials and containers in each category, in terms of percentage share of number of units sold. Packaging material data for Rigid Plastics, Flexible Packaging, Rigid Metal, and others; container data for: Film, Bag/Sachet, Wrapper, and others

- Country Analysis: Trend analysis for leading high thinkable countries

- Recommendations for manufacturers on top Confectionery categories - Chocolate, Gum and Sugar Confectionery on parameters including Formulation, Positioning, Packaging, Occasion, Consumer Targets, and Key Segments

Great reasons to purchase

- Identify high plausible categories and explore farther market opportunities established on exhaustive value and volume analysis

- Existing and new competitors can analyze main distribution channels to identify and evaluate forecasts and alternatives

- Gain an understanding of the global ambitious landscape established on in-depth brand share analysis to plan effective market positioning

- Access the key and most influential consumer trends driving Confectionery products consumption, and how they influence consumer behavior in the sector which will help determine the best audiences to target

- Access to analysis on products launched in the industry with Case Examples/Success Stories

- Our team of analysts have placed a meaningful emphasis on changes expected in the sector that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion