Global Liquor Confectionery Market, By Product Type (Chocolates, Candies and Gums), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Stores and Other), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Liquor Confectionery Market
The liquor confectionery market is expected to witness market growth at a rate of 5.1% in the forecast period of 2021 to 2028 and is estimated to reach 0.824 USD billion by 2028. Data Bridge Market Research report on liquor confectionery market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the inclination of consumers toward innovative liquor-filled confectionery is escalating the growth of liquor confectionery market.
Liquor confectionery is generally confectioneries such as chocolate, candy, and gums that are either filled with or infused with alcohol.
Major factors that are expected to boost the growth of the liquor confectionery market in the forecast period are in the rise in the need for liquor confectionery as a result of changing palate of the consumers, millennials specifically. Furthermore, the upsurge in the penetration of handmade confectioneries that are utilizing liquor as the main ingredient is further propelling the growth in the liquor confectionery market. Moreover, the new product developments and the accessibility of different flavours are further estimated to cushion the liquor confectionery market.
On the other hand, the variations in the expenses of the raw materials are further anticipated to impede the growth of the liquor confectionery market in the timeline period. In addition, the rise in the need for confectionery products during the yearly festivals will provide potential opportunities for the growth of the liquor confectionery market in the coming years. However, the rise in the costs of liquor confectionery in comparison to the non-liquor confectioneries might further challenge the growth for the liquor confectionery market in the near future.
This liquor confectionery market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on liquor confectionery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Liquor Confectionery Market Scope and Market Size
The liquor confectionery market is segmented on the basis of product type and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the liquor confectionery market is segmented into chocolates, candies and gums.
- On the basis of distribution channel, the liquor confectionery market is segmented into supermarkets and hypermarkets, specialty stores, online stores and other distribution channels
Liquor Confectionery Market Country Level Analysis
The liquor confectionery market is analysed and market size, volume information is provided by country, product type and distribution channel as referenced above.
The countries covered in the liquor confectionery market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the liquor confectionery market due to the rise in the need for liquor confectionery in several countries. Furthermore, the rise in the penetration of these products for their tastes, obtainability in several flavours, and tradition of consuming them on numerous occasions will further boost the growth of the liquor confectionery market in the region during the forecast period. Asia Pacific is projected to observe significant amount of growth of the liquor confectionery market due to the rise in the alertness. Moreover, the shift in the preferences for the intake of alcohol beverage in confectionery is further anticipated to propel the growth of the liquor confectionery market in the region in the coming years.
The country section of the liquor confectionery market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Liquor Confectionery Market Share Analysis
The liquor confectionery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to liquor confectionery market.
The major players covered in the liquor confectionery market report are Chocolaterie Abtey, BAISERS DE CHOCOLAT, Lollyphile!, Neuhaus, Oy Karl Fazer, Toms Gruppen, VINOOS BY AMS, Mars, Incorporated, Brookside, THE HERSHEY COMPANY, Mondelez International., Ferrero, Liqueur Fills, Godiva, SIPSMITH, Aviation American Gin., Charbonnel et Walker, reservebar.com, R&A BAILEY & CO, Tempus Fugit, Bourbon Dark Chocolate Caramels, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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