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The rise in market value is generally pointed towards the rising growth of the applicable industries and the subsequent rise in demand of applications. The universal Functional Confectionery Market report has wide-ranging and comprehensive market insights which are based on business intelligence. The superior report gives idea about various inhibitors as well as motivators of the product market in both quantitative and qualitative manner so that users get precise information. Significant industry trends, estimations of market size and market share are also analysed and discussed in this report. Functional Confectionery Market research report is a definite solution to have exclusive market research data that anticipates business needs.
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Market Analysis and Size
The functional confectionery market is an example of a non-age-restricted segment. For the vast majority of the world's population, age has never impeded indulging in functional to satisfy their taste buds. For over a decade, the market has been growing steadily, and innovations in flavours and textures contribute to the market's expansion. Furthermore, the growing number of consumers drawn to the outlandish trends of organic functional and no added sugar functional is fuelling such experiments, thereby contributing to the functional confectionery market.
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.
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 |
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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.
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.
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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
Table of Contents for a Functional Confectionery Market Research Article:
- Introduction
- Background and Overview
- Objective of the Study
- Scope of the Functional Confectionery Market Research
- Methodology
- Data Collection
- Data Analysis
- Research Approach
- Sampling Techniques
- Research Instruments
- Executive Summary
- Key Findings
- Functional Confectionery Market Overview
- Functional Confectionery Market Trends and Insights
- Functional Confectionery Market Overview
- Functional Confectionery Market Definition
- Functional Confectionery Market Segmentation
- Functional Confectionery Market Size and Growth Rate
- Functional Confectionery Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porter's Five Forces Analysis
- Functional Confectionery Market Trends and Insights
- Emerging Technologies
- Consumer Behavior and Preferences
- Regulatory Landscape
- Competitive Analysis
- Functional Confectionery Market Segmentation
- Product Type
- Application
- Region
- End-User
- Other Relevant Segments
- Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Competitive Landscape
- Functional Confectionery Market Share Analysis
- Key Players Profiles
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments
Download the Complete Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-functional-confectionery-market
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