Confectionery Market Development Factors and Technology Analysis to 2026
The Global Confectionery Market is projected to experience significant growth, reaching a valuation of USD 16.2 billion by the year 2026, with a steady compound annual growth rate (CAGR) of 5.8% throughout the years. This comprehensive report on the Confectionery market takes into account crucial factors such as size, share, demand, growth, gross profits, earnings, and revenue to assess the industry's future prospects. By analyzing data from the years 2016 and 2017, the report offers an extensive view of industry trends and predicts potential market growth from 2019 to 2026, using 2018 as the base year.
In 2016, diabetes was the seventh leading cause of death, accounting for 1.6 million fatalities, according to the World Health Organization (WHO). The rising prevalence of diabetes and heart-related diseases serves as the primary driving factor behind the growth of the Confectionery market.
Confectionery refers to dietary products with low sugar content and carbohydrates, designed to help control blood glucose levels. These products cater not only to the diabetic population but also to health-conscious individuals who take precautionary measures to prevent diabetes. Additionally, low-calorie sweeteners, artificial sweeteners, diet beverages, and similar products are also included in the category of Confectionery.
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The increasing concern over health issues, coupled with a growing awareness of the benefits of Confectionery, plays a significant role in propelling the market's expansion. Furthermore, the rising adoption of healthy alternatives to sugar, such as artificial sweeteners, contributes to the growing demand for Confectionery products. As more people prioritize their health and seek out dietary solutions to manage or prevent diabetes, the Confectionery market is poised for continued growth in the coming years.
Top Leading Players in Confectionery Market:
- Hill Pharmaceutical
- Nestlé
- Mars Incorporated
- Unilever
- Anhui Elite Industrial Co.
- The Coca-Cola Company
- PepsiCo
- Kellogg’s
- Fifty 50 Foods
- Zen Health Japan
- Amber Lyn
Confectionery Market Segmentation:
- Confectionery
- Ice Creams and Jellies
- Dietary Beverages
- Baked Products
- Dairy Products
- Others
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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