
Sample Press Release #2 by Kathleen Madrid del Rosario Manuel Written in August 2022. The confectionery industry continues to grow annually, the largest growth being in the chocolate segment while the fastest growth is in the sugar confectionary market in 2022. Source: https://www.grandviewresearch.com/industry-analysis/confectionery-market#:~:text=Report%20Overview,4.3%25%20from%202022%20to%202028. _______________________ A Report on the Confectionery Industry, by Market Size, By Product and by Distribution Channel, 2022 Confectionery are food items that are rich in sugar and carbohydrates. Confectionery manufacturers offer different products “such as chocolate, chewing gum, sweets, toffee, marshmallow, cookies, ice cream, and other products.” The report by Grand View Research has a long title: Confectionery, Market Size, Share & Trends Analysis Report By Product (Chocolate, Sugar, Confectionery, Cookies, Ice Cream), By Distribution channel, (Offline, Online), By Region And Segment Forecasts, 2022-2028. The findings include an increase in the compounded annual growth rate(CAGR) of the confectionery industry. CAGR is one of the most accurate ways to calculate returns for anything whose value can rise or fall over a given period of time such as assets and investments, of 4.3% from 2022 to 2028. The ever growing food and beverage industry, rising per capita consumption of confectionery, gifting of confectionery, rising disposable income and new and attractive presentation of packaging of confectionery have caused the upward trend in consumption of confectionery across the globe. The chocolate segment is the highest per capita consumed confectionery and this is due to many factors. Chocolate products satisfy taste buds at any age. There is a continued increase of organic and premium chocolate products that ensures people will buy chocolates over the years to come. In 2021, the chocolate segment had the largest market share in confectionery at 45%. Compounded annual growth rate (CAGR) for the segment is 4.2% from 2022 to 2028. The chocolate segment contributed to the largest market share of more than 45% in 2021 and is expected to grow with a CAGR of 4.2% from 2022 to 2028. While chocolate has the largest market share, the sugar confectionery segment is expected to grow at the fastest rate of 4.9% from 2022 to 2028. Changing lifestyles and a change in eating habits, increasing disposable income, urbanization across the globe and the presence of e-commerce have ensured this growth rate for the segment. 75% of what was bought in the global confectionery market was bought offline, meaning in stores or groceries. People like to verify the quality of their product and to search stores for confectionery, driving an increase in market share of the product. Many companies are also opening stores in malls as more consumers demand cookies, chocolates and ice cream confectionery items. However, with a CAGR of 5.2% expected from 2022 to 2028, online channels will also be growing. Manufacturers have online presence in their websites and e-commerce platforms, hence the expected increase in CAGR, as people who are looking for confectionery will buy them online. Europe has the highest demand for confectionery with Asia-Pacific being the fastest growing market. Some key players in the confectionery industry, and these were profiled in the report, include Mondelez International, Inc, Mars, Incorporated, The Hershey Company, Nestle S.A. Meiji Co. Ltd and the Ferrero Group, Chocoladefabriken Lindt & Sprüngli AG; Perfetti Van Melle; Ezaki Glico Co. Ltd.; Haribo GmbH & Co. K.G.; Grupo Arcor; Pladis.