The Europe Confectionery Market would witness market growth of 4.3% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 9,544.2 Kilo Tonnes, showcasing a growth of 4.6% (2019-2022).
The market is growing as people demand better and more convenient snacks. Organic snack foods have become more prevalent in the industry because of the popularity of sugar and chocolate goods. People demand healthier alternatives, like chocolate that is low in calories, high in cocoa, and made with functional ingredients. Functional claims on the boxes of sweets are becoming more and more common. Because of this, there is a growing need for sugar-free, low-carb, high-protein candies like chocolate, snack bars, and sugar-free gum.
Increasing technology and a busy lifestyle balancing work and personal life are two main factors that cause people to demand convenience snacks daily. Also, snack bars are often seen as a healthier option for candy. This is especially true for younger generations, who like this product because it comes in different varieties with different nutrition, such as proteins, low carbs, and low sugar. People want healthier choices, like chocolate that is low in calories, high in cocoa, and made with functional ingredients.
In Germany, renowned for its appreciation of fine chocolates, consumers' inclination towards artisanal and upscale chocolates has driven market expansion. Similarly, the demand for luxury chocolates and candies has flourished in France, known for its culinary heritage and gourmet culture. Additionally, Italian chocolatiers have gained prominence by combining traditional craftsmanship with innovative flavors and presentations. The emphasis on quality ingredients, such as hazelnuts from Piedmont or Sicilian pistachios, has elevated Italian chocolates to a status symbol of refined taste and artistry. Thus, the increasing demand for innovative and luxury confections throughout the region will aid in expanding the market in the coming years.
The Germany market dominated the Europe Confectionery Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $25,128.6 million by 2030. The UK market is exhibiting a CAGR of 3.3% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.1% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Product Type, the market is segmented into Chocolate (Milk, Dark, and White) Mints, Medicated Confectionery, Hard-boiled Sweets, Gums & Jellies, Caramels & Toffees, Fine Bakery Wares, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Confectionery Market will Hit $338.2 Billion by 2030, at a CAGR of 4.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mars, Inc., Nestle S.A, Mondelez International, Inc., Ferrero Group, Lindt & Sprungli AG, The Hershey Company (Hershey Trust Company), Meiji Holdings Co., Ltd., Lotte Corporation, Delfi Limited and Ezaki Glico Co., Ltd.
By Distribution Channel (Volume, Kilo Tonnes, Revenue, USD Billion/Million, 2019-30)
By Product Type (Volume, Kilo Tonnes, Revenue, USD Billion/Million, 2019-30)
By Country (Volume, Kilo Tonnes, Revenue, USD Billion/Million, 2019-30)
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