Irving, Texas (PRWEB) March 22, 2013
The global confectionery industry is expected to witness modest growth through 2017 led by developing countries. Rising disposable income, increasing awareness of personal health and wellness, higher population, and consumer spending are the major industry drivers. Lucintel sees good opportunities for growth and estimates the global market for the confectionary industry to reach $178 billion in 2018.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis of the industry and presents its findings in “Global Confectionery Industry 2013-2018: Trend, Profit, and Forecast Analysis.” The industry consists of sales of chocolate confectionery, sugar confectionery, and gum, cereal bars, and other confectionery products.
The global confectionery industry is fragmented. Overall, the chocolate confectionery segment contributes more than 50% of the total industry. Europe has the highest regional share among all the regions. Some of the leading companies in this industry are Kraft Foods Inc., Nestle SA, and The Hershey Company. A combination of factors such as rising population and consumer spending affect the market dynamics significantly.
Increasing urbanization and busy lifestyles are leading to an increased demand for confectionery food. The biggest challenge of industry is health and nutritional awareness. Lucintel’s study indicates that ingredients used in preparing confectionery products should meet consumers’ expectations, as regular and overeating may cause tooth decay. As chocolate includes more calories and fats, it can be an obesity issue. APAC is forecast to witness the highest growth over the next five years. The chocolate segment is forecast to witness the highest growth potential through 2017.
This industry research report provides an overview of the global confectionery industry, tracking three market segments of that industry in four geographic regions. The report studies manufacturers of chocolate confectionery, sugar confectionery, and gum, cereal bars, and other confectionery, providing a five-year annual trend analysis that highlights market size, profit, and cost structure for North America, Europe, APAC, and ROW. The report also provides a forecast, addressing market opportunities for next five years for each of these regions.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, market entry strategy and cost efficiency. To learn more, visit http://www.lucintel.com.