Opportunities in the Western European Confectionery Sector
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
The Western Europe confectionery sector was valued at $54 billion in 2020 and is expected to grow with a CAGR of more than 3% by 2025. The Western Europe confectionery sector was the third-largest market both by value and volume, in the global confectionery sector in 2020, followed by Eastern Europe, the Middle East & Africa.
Based on the relative performance of countries on multiple metrics, Sweden, Switzerland, Spain, and Finland were being shortlisted as high-potential countries, primarily due to the large confectionery sector size, projected high-value growth rates, and rising per capita value growth levels. Among the high-potential countries, Spain had the highest share of both volume and value, among the high-potential countries of the Western Europe confectionery sector, followed by Switzerland, Sweden, and Finland.
Chocolate was the leading segment, both by value and volume, followed by sugar confectionery. In 2020, hypermarkets & supermarkets was the leading distribution channel in the Western Europe confectionery sector, followed by convenience stores, and food & drinks specialists. Flexible packaging was the leading pack material by volume in 2020 in the Western Europe confectionery sector, followed by rigid plastics, and paper & board. Mondelēz International, Inc., Mars, Incorporated and Ferrero were some of the leading companies in the Western Europe confectionery sector. Hypermarkets & supermarkets was the leading distribution channel in the Western European confectionery sector in 2020, followed by convenience stores.
Overview of Western Europe confectionery sector
For more insights on this report, download a free report sample
What are the market dynamics of the Western Europe confectionery sector?
Growing health consciousness is prompting consumers to seek confectionery products that contain fresh, natural, and pure ingredients. Consumers in Sweden are seeking confectionery products with a diverse array of flavors. Consumers prefer to buy confectionery products that are aligned to their needs and many companies are launching marketing plans to reach out to consumers and allow them to make their own flavor of chocolate.
Swiss consumers are inclined toward products that are ethically sourced and socially responsible. Swiss consumers seek products in uncommon flavors. These adventurous and inquisitive consumers value novelty and diversity of choice. Consumers in Switzerland are inclined toward products that are more personalized to their needs, rather than the mass market. The demand for chocolates with vegan and gluten-free claims is rising. Health remains a major concerning factor for consumers in Spain when making purchase decisions. Driven by the growing trend towards healthier diets, Spanish consumers are seeking “better-for-you” products. Consumers closely examine the ingredient list of products they purchase or opt for products that are aligning with their needs. Spanish consumers like to experiment with novel or unique flavors in confectionery.
Finnish consumers seek products that come in unusual flavors and unique ingredients. Consumers in Finland are increasingly seeking personalized products with vegan claims. According to Chef’s Pencil, a food magazine, Finland was in the top 15 countries in the world to prefer veganism and that too for taste and personal needs, in 2020. Consumers are shopping for products after closely examining the list of ingredients that will suit them well. Many consumers are turning towards healthier diets and seek confectionery that is healthy and well suited to their needs.
Which are the key categories of the Western Europe confectionery sector?
The Western Europe confectionery sector is categorized into chocolate, sugar confectionery, and gum. Chocolate was the leading segment in 2020, both by value and volume, followed by sugar confectionery, and gum. Children contributed well to the growth of the Finnish confectionery sector. Sugar confectionery was the largest category, followed by chocolates and gum. Switzerland led the region with the highest per capita consumption (PCC) in the chocolate category, whereas Sweden held the highest PCC in the sugar confectionery and gum categories, respectively, in 2020.
Western Europe confectionery sector, by key categories
For more segment insights, download a free report sample
Which are the key distribution channels in the Western Europe confectionery sector?
In 2020, hypermarkets & supermarkets were the leading distribution channel in the Western Europe confectionery sector, followed by convenience stores, food & drinks specialists, e-retailers, cash & carries & warehouse clubs, and others. Among the high-potential countries, hypermarkets & supermarkets accounted for the highest value share in Switzerland, followed by Sweden in 2020. Convenience stores was the second largest distribution channel in Sweden, Spain, and Finland.
Western Europe confectionery sector, by distribution channels
For more channel insights, download a free report sample
Who are the key players in the Western Europe confectionery sector?
The leading players in the Western Europe confectionery sector in 2020, included Mondelēz International, Inc, Mars, Incorporated, Ferrero, Nestlé, Perfetti Van Melle SpA., Chocoladefabriken Lindt & Sprüngli AG, Haribo GmbH & Co. KG, Cloetta Ab, Artisanal Producers, and August Storck KG. Mondelēz International, Inc, led the Western European confectionery sector and had a presence in all three confectionery categories in 2020. All the leading companies registered growth in the chocolate, sugar confectionery, and gum categories, except for August Storck Kg, which recorded a negative CAGR in the chocolate category during 2015-2020. Haribo had a presence in only the sugar confectionery category, where the brand registered a high growth while, in the gum category, private labels registered high growth, during 2015-2020.
Western Europe confectionery sector, by key players
To know more about key players, download a free report sample
Market report scope
Market size (year – 2020) | $54 billion |
Growth rate (CAGR) | >3% |
Base year for estimation | 2020 |
Forecast period | 2021-2025 |
High potential countries | Spain, Switzerland, Sweden, and Finland |
Key categories | Chocolate, sugar confectionery, and gum |
Key distribution channels | Hypermarkets & supermarkets, convenience stores, food & drinks specialists, e-retailers, cash & carries & warehouse clubs, and others |
Key companies | Mondelēz International, Inc, Mars, Incorporated, Ferrero, Nestlé, Perfetti Van Melle SpA., Chocoladefabriken Lindt & Sprüngli AG, Haribo GmbH & Co. KG, Cloetta Ab, Artisanal Producers, and August Storck KG |
Scope
This report provides a comprehensive overview of the Western Europe confectionery sector. It includes analysis on the following:
- Market Environment: Includes sector size, market size, and growth analysis by category.
- High-Potential Countries’ Analysis: Indicates changing share of value consumption in the various confectionery categories across high-potential countries in the Western Europe region. It also provides a risk-reward analysis of four countries across the Western Europe region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure.
- Country Deep Dive: Provides the overview, demographic analysis, and key trends across high-potential countries.
- Success Stories: Provides some of the most compelling confectionery manufacturers, brands, products, and marketing campaigns in the Western Europe region. It also provides a better understanding of how a certain manufacturer achieved success in the sector and insights.
- Competitive Environment: Provides an overview of leading companies in the Western Europe region, besides analyzing the growth of private labels in the region.
- Distribution Analysis: Provides analysis of the leading distribution channels in the Western Europe confectionery sector in 2019. It covers five distribution channels: hypermarkets & supermarkets, convenience stores, food & drink specialists, vending machines, cash & carries & warehouse clubs, and ‘others’, which includes, “Dollar Stores”, variety stores & general merchandise retailers, department stores, drug stores & pharmacies, e-retailers and other retailers.
- Packaging Analysis: The report provides percentage share (in 2019) and growth analysis (during 2014-2024) for various pack materials, pack types, closure types, and primary outer types based on the volume sales (by pack kg) of confectionery.
- Challenges and Future Outlook: Provides the challenges and future outlook pertaining to the Western Europe confectionery sector.
Reasons to Buy
- Manufacturing and retailers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region.
- The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape, and demographic analysis, that can help companies gain insight into the country-specific nuances.
- The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region that can help companies in revenue expansion.
- To gain competitive intelligence about leading companies in the sector in the region with information about their market share and growth rates.
Mondelēz International Inc.
Nestlé
Ferrero
Perfetti Van Melle SpA
Cloetta Ab
Chocoladefabriken Lindt & Sprüngli AG
Oy Karl Fazer Ab
Table of Contents
Table
Figures
Frequently asked questions
-
What was the market size of the Western Europe confectionery sector in 2020?
The Western Europe confectionery sector was valued at $54 billion in 2020.
-
What is the growth rate of the Western Europe confectionery sector?
The Western Europe confectionery sector is expected to grow by a CAGR of more than 3% during 2021-2025.
-
Which are the key categories of the Western Europe confectionery sector?
Sugar confectionery was the largest category, followed by chocolates and gum.
-
Which are the leading distribution channels of the Western Europe confectionery sector?
In 2020, hypermarkets & supermarkets were the leading distribution channel in the Western Europe confectionery sector, followed by convenience stores, food & drinks specialists, e-retailers, cash & carries & warehouse clubs, and others.
-
Who are the key players in the Western Europe confectionery sector?
The leading companies in the Western Europe confectionery sector in 2020 are Mondelēz International, Inc, Mars, Incorporated, Ferrero, Nestlé, Perfetti Van Melle SpA., Chocoladefabriken Lindt & Sprüngli AG, Haribo GmbH & Co. KG, Cloetta Ab, Artisanal Producers, and August Storck KG.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.