Food & Beverages

Confectionery Market by Type (Sugar, Chocolate, Fine Bakery Wares, and Others) - Global Opportunity Analysis and Industry Forecast, 2014-2022

  • ALL1181320
  • 195 Pages
  • March 2017
  • Food & Beverages

The confectionery market is driven by introduction of new products with innovative flavors & healthy ingredients, growth in retail market, rise in number of women workforce, and increase in gifting trend. Asia-Pacific is expected to register substantial growth in the market, owing to rise in disposable income and increase in population in emerging economies such as China and India. In addition, introduction of low priced, smaller versions of established confectionery chocolate brands by companies such as Nestlé India Ltd. and Mondelez International, Inc. in India supplemented the market growth. Increase in raw material prices and diverse consumer spending habits restrain the growth of the market; however, rise in demand for sugar-free, organic, and low-calorie products and increase in disposable income in developing economies are anticipated to provide lucrative opportunities for the growth and development of the market.

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