The Market value (retail sales value) of the Global Confectionery Industry attained a value of USD 198,335.30 Millions in 2020
The Industry recorded a historical growth (CAGR) of 1.74 % between 2017 to 2020, and is expected to grow by...
GlobalData projects the Industry to grow at a CAGR of ...
Hypermarkets & supermarkets were the leading distribution channel for confectionery globally, Hypermarkets & supermarkets’ large share can be attributed to the developed organized retail industry in major countries.
Experimental young consumers are willing to try unique ingredient combinations in confectionery products. This is motivating manufacturers to experiment with a wide range of ingredients and flavors such as confectionery with spicy peanuts, spiced tomato, and green tea. These innovations are driving the global confectionery market.
Confectionery products refer to all chocolate-based products, all bubble and chewing gum, sugar-based confectionery items including hard-boiled sweets, mints, caramels & toffees, gums and jellies, marshmallows, fudges, and medicated throat lozenges.
Mars, Mondelez, Nestle, Ferrero, and Hershey held the top five leading market positions in the global confectionery industry.
Leading brands in the global confectionery market in 2020 included Wrigley`s, Nestle, and Hershey`s.
Mars leads the global confectionery sector by value
Mars was the leading company in the global confectionery market in 2020. Wrigley`s, Mars, and M & M`s were the key brands tending the global confectionery needs under Mars, with a bigger chunk of the sales (by value) coming from the Wrigley`s brand.
Mondelez ranked second as a global confectionery product seller by value
Mondelez was the second largest company in the global confectionery market in 2020, with more than 90 brands operating worldwide in the confectionery sector under its trademark. Cadbury brand was the largest contributor to the company’s global confectionery sales. Milka, Trident, Halls, Lacta, and Toblerone are some of the other brands covering the global confectionery market under the trademark of Mondelez.
The other leading market positions were held by Nestle, Ferrero, and Hershey
While the top two positions in the global confectionery market were held by Mars and Mondelez. Nestle, Ferrero, and Hershey were among some of the other prominent companies in the global confectionery market, owning leading brands such as Nestle, Kinder, Ferrero, and Hershey`s.
Market Fragmentation: The top 2 players, accounted for more than a quarter of the global confectionery market (by value) in 2020
Switzerland
France
United States of America
United States of America
Brazil
South Korea
United Kingdom
Japan
Belgium
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