Data Bridge Market research has recently released expansive research titled "Global Functional Confectionery Market" guarantees you will remain better informed than your competition. This study provides the broader perspective of the market place with its comprehensive market insights and analysis which eases surviving and succeeding in the market. Functional Confectionery market research report is composed of myriad of factors that have an influence on the market and include industry insight and critical success factors (CSFs), market segmentation and value chain analysis, industry dynamics, market drivers, market restraints, key opportunities, technology and application outlook, country-level and regional analysis, competitive landscape, company market share analysis and key company profiles. In addition, businesses can gain insights into profit growth and sustainability programme with this report. Business intelligence is an essential aspect when it comes to accomplish thorough and wide-ranging market insights and the same is applied for producing Functional Confectionery market report.
Data Bridge Market Research analyses that the functional confectionery market which was growing at a value of USD 1.8 billion in 2021 is expected to reach the value of USD 2.98 billion by 2029, at a CAGR of 9.10% during the forecast period OF 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Market Overview:-
Market Definition
Functional confectionery refers to candy or snacks that have been enhanced with additional health benefits. These items may be intended to improve oral health, provide energy, or strengthen the immune system. Functional confectionery can also be used to provide the body with vitamins and minerals.
Report Scope and Market Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2019 - 2014) |
| Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
| Segments Covered | Nature (Organic, Conventional), Type (Sugar Confectionery, Bakery Confectionery, Chocolate Confectionery), Function (Cognitive Wellness, Performance Enhancers, Wellness Enhancers, Oral Care, Others), Ingredients (Protein, Omega 3 and Omega 6, Vitamins and Minerals, Probiotics, Others), Application (Children, Middle Age, Senior, Youth), Distribution Channel (Direct Sales, Indirect Sales) |
| Countries Covered | U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
| Market Players Covered | Barry Callebaut (Switzerland), Olam International (Singapore), The Hershey Company (U.S.), Mars, Incorporated (U.S.), Ingredion Incorporated (U.S.), Koninklijke DSM N.V. (Netherlands), Kerry Group plc (Ireland), and Tate & Lyle PLC (U.K.), Nestle SA (Switzerland), Cargill, Incorporated (U.S.), Blommer Chocolate Company (U.S.), Foley's Candies LP (Canada), Puratos Group Nv (Belgium), Ferrero International S.A. (Italy) |
| Opportunities |
|
Functional Confectionery Market Dynamics
Drivers
- Rising expansion of retail channel for distribution of products
One of the major trends driving the evolution of the functional confectionery market is advancements in online retail. Convenience stores, supermarkets, specialty stores, drug stores, and hypermarkets are all large distribution channels for products. Continuous efforts by retailers and manufacturers to expand their supply and distribution chain have played an important role in increasing access to products in the Functional Confectionery market.
- Diversification of products according to the needs
The constant desire to try new ethnic flavours and tastes is a major driving force in the functional confectionery market. Over the years, the functional industry has shifted its focus to producing healthier products. The growing health-conscious population, particularly in emerging economies, is driving this trend. The evolution of the functional confectionery market has been fuelled by advances in organised retail in developing regions.
Opportunity
The ease of payment for products through online channels, as well as the wide range of functional flavours and textures, are important factors driving the popularity of e-commerce in the functional confectionery market. Furthermore, Functional confectionery is increasingly being used in the formulation of a wide variety of beverages and confectionery products, such as cakes, milkshakes, croissants, and hot functional, which is contributing to the global functional confectionery market's growth.
Restraints
However, the easy availability of product substitutes, stringent government regulations pertaining to quality standardisation, and supply chain disruptions caused by the pandemic will limit the scope of growth for the functional milk market. The high cost of R&D activities, as well as the volatility of raw material prices, will stymie the functional confectionery market's growth rate. Other market growth restraints include rising obesity prevalence, high sugar levels in patients, and a rising incidence rate of diabetes globally.
This functional 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 localized 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 the functional 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.
Recent Development
- Hershey's created a functional bar in February 2022 to commemorate All Women and Girls. The "Celebrate SHE" bars are a limited edition. SHE was highlighted in the centre of the milk functional bar by the brand.
- Cadbury, a brand of Mondelez International, introduced the Twist Wrap packaging solution for its Duos range in January 2022, allowing consumers to snack in small portions by twisting and sealing the package after consuming half of the functional bar.
- In collaboration with Lagardère, Ferrero will pre-launch the new Ferrero Rocher Tablets in the travel-retail channel in September 2021. Ferrero enters the functional tablet market with the new product, which is available in three flavours: milk, dark 55 percent cocoa, and white.
- Mars will launch two new vegan functional bars in January 2021, just in time for Veganuary. Following the release of its first free-from functional, Galaxy Vegan, in 2019, the company has released vegan versions of two of its most iconic functional bars, Bounty and Topic.
Key Market Players mentioned in this report:
- Barry Callebaut (Switzerland)
- Olam International (Singapore)
- The Hershey Company (U.S.)
- Nestle SA (U.S.)
- Ingredion Incorporated (U.S.)
- Mars, Incorporated (U.S.)
- Koninklijke DSM N.V. (Netherlands)
- Kerry Group plc (Ireland)
- Tate & Lyle PLC (U.K.)
- Cargill, Incorporated (U.S.)
- Blommer Chocolate Company (U.S.)
- Foley's Candies LP (Canada)
- Puratos Group Nv (Belgium)
- Ferrero International S.A. (Italy)
An influential Functional Confectionery market document makes organization armed with data and information generated by sound research methods. This market analysis helps to get up to date about various segments that are relied upon to observe the rapid business development amid the estimate forecast frame. The market research report offers an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, and gross margin. Global Functional Confectionery business report plays very essential role when it is about achieving an incredible growth in the business.
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Opportunities :
The market is also predicted to grow faster as a result of increased end-user awareness of novel goods and rising demand for MI operations. Moreover, one important element supporting the growth of the Functional Confectionery market throughout the predicted period is the expanding technological developments in surgical equipment.
Segmentation:- Functional Confectionery Market
The functional confectionery market is segmented on the basis of nature, type, function, ingredients, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Nature
- Organic
- Conventional
Type
- Sugar Confectionery
- Chewing gums
- Hard candy
- Boiled candy
- Others
- Bakery Confectionery
- Pastries
- Doughnuts
- Cookies
- Others
- Chocolate Confectionery
- Dairy bars
- Fudge
- Granola
- Dark chocolates
- Others
Function
- Cognitive Wellness
- Performance Enhancers
- Wellness Enhancers
- Oral Care
- Others
Ingredients
- Protein
- Omega 3 and Omega 6
- Vitamins and Minerals
- Probiotics
- Others
Application
- Children
- Middle Age
- Senior
- Youth
Distribution channel
- Direct sales
- Gyms
- Health clubs
- Institutions
- Others
- Indirect sales
- Modern grocery retailers
- Hypermarkets/supermarkets
- Convenience stores
- Discount stores
- Traditional grocery retailers
- Food and drink specialty stores
- Independent small groceries
- Others
- Online retail
Functional Confectionery Market, By Region:
The functional confectionery market is analysed and market size insights and trends are provided by country, nature, type, function, ingredients, application and distribution channel as referenced above.
The countries covered in the functional confectionery market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominated the global market and is expected to do so again during the forecast period. This region's expansion can be attributed to rising demand for sugar confectionery products such as chocolates from emerging markets such as India and China. Furthermore, rising consumer health consciousness is expected to drive demand for functional foods in Asia-Pacific.
North America accounted for a sizable portion of global revenue, owing to rising consumer preference for healthy living and increased spending on nutritional dietary supplements. Furthermore, key manufacturers like Mars Inc., Lindt, and Barry Callebaut have boosted product penetration in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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.
Reasons to Consider This Report:
- Save the time and resources required for entry level research by getting an insight into the leading players and segments of global Functional Confectionery market.
- The report highlights key business priorities which will help companies to reform their business strategies and establish themselves in the global market.
- The key findings and recommendations given in the report emphasize on crucial progressive industry trends in the Functional Confectionery Market thereby enabling players to develop effective long term strategies in order to garner their market revenue.
- Gain crucial insights into global market trends and outlook and the factors driving and hindering market growth.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Queries Resolved In This Report:
- Which will be the specialties at which Market players profiling with intensive designs, financials, and furthermore, ongoing headways should set a nearness?
- Which will be the foreseen development rates for your own economy out and out and furthermore for each portion inside?
- Which will be the application and sorts and estimate joined intently by makers?
- What will be the dangers that will attack growth?
- The length of the global market opportunity?
- How does Market share advance vacillations their value from various assembling brands?
Table of Contents: Global Functional Confectionery Market
Introduction
Market Segmentation
Executive Summary
Premium Insight
Market Overview
Covid-19 Impact on Functional Confectionery in Healthcare Industry
Global Functional Confectionery Market, by Product Type
Global Functional Confectionery Market, by Modality
Global Functional Confectionery Market, by Type
Global Functional Confectionery Market, by Mode
Global Functional Confectionery Market, by End User
Global Functional Confectionery Market, by Geography
Global Functional Confectionery Market, Company Landscape
Swot Analysis
Company Profiles
Questionnaire
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Check Complete Table of Contents with List of Table and Figures @ https://www.databridgemarketresearch.com/toc/?dbmr=global-functional-confectionery-market
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