Latest Industry Updates:
February 2018, Gumipod redesigned its product packaging with an aim to combat gum litter.
February 2018, Wacker pioneered in introducing chewing gum molds for changing shapes of chewing gums.
January 2018, Mars Wrigley Confectionery has chosen Atlantic Trade to be its official and sole distributor in Craotia
Major Key Players:
The key players of the market are investing a significant amount in research and development for developing novel products in order to capitalize on the growing demand for the product. The companies are introducing various state of art technologies to gain an edge over competitors. The best long-term growth opportunities for this sector can be captured by following both organic and inorganic growth strategy. Acquisition and merger with smaller market players will help the company to expand the market in potential market.
The key players profiled in Non-Cocoa Confectionery Market report are Mondelez International, Inc., Ferrero SpA, The Hershey Company, Nestle India Limited, Arcor Group, DS Group, Lindt & Sprüngli, Cloetta AB, Lotte Sugar Confectionery Co. Ltd, Morinaga & Co. Ltd., Ezaki Glico, MARS Inc., ITC Limited, and Orion Confectionery Co. Ltd. Among many others.
Market Overview:
Various Non-cocoa confectionery has diverse applications in sweets, candy, candy nuts, chewing gum, medicated confectionery & mints and others. These applications drive the growth of the market. Additionally, escalating demand for sugar-free products owing to growing health awareness among consumers add fuel to the market growth. Non- Additionally, over the years, the trend of consumption for dunch (meal between and dinner) has increased manifold which is positively influencing the growth of the Non-cocoa Confectionery market. Functional and specialty ingredients have various health benefits associated with it such as reducing cholesterol, benefiting immune system, curing cough, and others. Non-cocoa confectionery with specialty ingredients have been experiencing continuous growth in demand.
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With increasing purchasing power of the consumers, growing gifting culture, and changing lifestyle with rising stress at work have spurred the market growth. Non-cocoa confectionery manufacturers aim to capture growth by innovating with new and exotic flavor options to keep consumers interested. Mars Wrigley Confectionery leveraged on this trend with its Starburst and Skittles, the largest brands in sugar confectionery. Also, the demand for sugar-free gums and candies is also growing up owing to increasing health consciousness among consumers and the rising health concerns have helped in increasing the global market demand for specialty non-cocoa confectionery market. Specialty non-cocoa confectionery ingredient market is escalating at a positive growth rate supported by the technological development. Therefore, the demand for non-cocoa confectionery is likely to augment substantially over the next few years as natural products will be widely available in a wide range of low-calorie formulations.
Regional Analysis:
The global Non-cocoa confectionery market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the Non-cocoa confectionery market. In Asia Pacific, China and India are the major consumers of Non-cocoa confectionery owing to the rising disposable income and changing consumer lifestyle. Latin America has also been expanding at a robust pace in the recent years due to growing demand for confectionery foods, sweet snacks, and medicated confectioneries. Moreover, North America is witnessing a considerable growth in the Non-cocoa confectionery market owing to increased consumers’ likeness in the U.S. region.
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Market Segments:
The global Non-cocoa confectionery market has been divided into type, form, and region.
On The Basis Of Type: Sugar confectionery, Gum Confectionery, and Others
On The Basis Of Form: Candies, Gummy Candies, Lollipops, Candy Bars, and Others
On The Basis Of Region: North America, Europe, Asia Pacific, and ROW
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