Global chocolate confectionary market accounted for 141.0 billion in 2019 and is estimated to be US$

 
PUNE, Ill. - Feb. 23, 2021 - PRLog -- The global chocolate confectionary market accounted for 141.0 billion in 2019 and is estimated to be US$ 183.7 billion by 2029 and is anticipated to register a CAGR of 2.7%.
Key Highlights:
  • In June 2017, Ferrero opened an innovation center in Singapore.
  • In July 2017, Nestlé invested in an operations center in Uruguay in a deal worth CHF 17 million
Analyst View:

Rising the emergence of on-the-go snacks assure the growth of global confectionary market
Innovations in the market in terms of flavor and nutritional content are driving the market growth. Global confectionery manufacturers are focusing on the development of confectionery products with flavors such as coffee, fruits, cinnamon, and different ingredients. Recent approvals of factor concentrate by regulatory bodies, favorable government initiatives and mandates, and rising adoption of prophylaxis treatment are the key factors that are driving the market growth. The Chocolate Confectionary market growth is anticipated to increase due to favorable impact of advertising. Chocolate confectionery manufacturing companies conduct several marketing & promotional activities to increase the outreach of their products amongst their targeted end user segments.

Key Market Insights from the report:
The global pharmaceutical membrane filtration technologies market accounted for 141.0 billion in 2019 and is estimated to be US$ 183.7 billion by 2029 and is anticipated to register a CAGR of 2.7%.. The market report has been segmented on the basis of product, type, and region.
  • Depending upon product, the Countlines dominated the global chocolate confectionery market in 2019, as it is an easy snacking option that can be eaten on-the-go.
  • In terms of type, the dark type constitutes the highest growth. Dark chocolate is considered as a healthy snack owing to its nutrient content and its potential in lowering the risk of heart disease. Epidemiologists across the globe are suggesting consumption of dark and milk chocolate for heart health with clinically proven and study based facts.
  • By region, Europe accounts for a major share in the confectionery market with predominance in the chocolate confectionery segment. However, the Asia-Pacific region is expected to witness significant CAGR during the confectionery market forecast period as a result of growing disposable income, increasing population, and new brand launches from established players.
To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/global-chocolate-confectionery-market-4617

Competitive Landscape:

The prominent player operating in the global pharmaceutical membrane filtration technologies market includes Mars, Incorporated, Mondelez International, Inc., Nestlé S.A., Ferrero Group, Meiji Co., Ltd., The Hershey Company, Chocoladefabriken Lindt & Sprüngli AG, Ezaki Glico Co., Ltd., Haribo GmbH & Co. K.G., and Pladis.

To know more
Contact Us:
Sales
Prophecy Market Insights
Email- sales@prophecymarketinsights.com

Contact
Shweta Raskar
shweta.r@prophecymarketinsights.com
+1 860 531 2701
End
Email:***@prophecymarketinsights.com Email Verified
Tags:Chocolate Confectionary
Industry:Food
Location:Pune - Illinois - United States
Subject:Services
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Prophecy Market Insights PRs
Trending News
Most Viewed
Top Daily News



Like PRLog?
9K2K1K
Click to Share