Market Size of Global Liquor Confectionery Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.83 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Liquor Confectionery Market Analysis
The Global Liquor Confectionery Market is expected to register a CAGR of 5.83% during the forecast period (2021-2026).
- Majority of the growth is relatable to the factors of convenience along with consumer inclination towards handmade liqour confectionery, which as such will propel the demand further. Brands recognition will play a crucial role in the category growth, however, the market will shift more towards the premium category, followed by the gifitng culture evidient in the developed markets.
- Although covid-19 pandemic has slowed down the sales of consumer packaged products during its onsets, confecionery based products, inclusive of the liqour ones, have showcased significant growth following the preference for snacking during lockdown as well as craving for sweet products at times. Likewise, the world wide lockdown has led confectionery products to witnessed repeated sales, which going forward will benefit liquor confectionery manufacturers on the long run, if in case, such pandemic are supposed to occur again over the forecast period.
Liquor Confectionery Industry Segmentation
The Global liquor confectionery market is segmented by product type into chocolates and Candies & Gums. By distribution channels the market is segmented into, Supermarkets & Hypermarkets, Specialty Stores, Online stores and Other Distribution Channels. Based on geography, the study provides an analysis of the Liquor confectionery market in North America, Europe, Asia Pacific, South America and Middle East & Africa.
| By Product Type | |
| Chocolates | |
| Candies & Gums |
| By Distribuiton Channel | |
| Supermarkets & Hypermarkets | |
| Specialty Stores | |
| Online Stores | |
| Other Distribution Channels |
| By Geography | ||||||||
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Global Liquor Confectionery Market Size Summary
The global liquor confectionery market is poised for significant growth, driven by consumer preferences for convenience and handmade products. The market is expected to shift towards premium offerings, influenced by brand recognition and the gifting culture prevalent in developed regions. Despite initial setbacks during the COVID-19 pandemic, the market rebounded as consumers turned to confectionery products for snacking and indulgence during lockdowns. This trend is anticipated to continue, providing long-term benefits to manufacturers. The rising chocolate consumption, particularly in the United States, supports the demand for liquor confectionery, which is increasingly seen as an experiential product. The market is further bolstered by the growing popularity of alternative alcohol consumption forms and the introduction of diverse flavors to cater to varying consumer tastes.
Europe is emerging as a hub for premium liquor confectionery, with countries like Britain witnessing increased demand for high-end products. The region's market is characterized by a rise in private label chocolatiers offering artisanal products. Consumers in Europe favor premium liquor chocolates, often purchased from supermarkets and hypermarkets, due to their attractive packaging and in-store promotions. The trend towards organic liquor confectionery presents new opportunities for manufacturers to introduce innovative products, appealing to health-conscious consumers. Major companies in the market, such as Ferrero and Barry Callebaut, are expanding their capabilities through strategic mergers and acquisitions, enhancing their product offerings. Key players include Toms Gruppen, Liqueur Fills, Hershey's, Ferrero, Mondelez, Abtey Chocolate Factory, Neuhaus, Mars, Brookside, and Booz Drops, among others.
Global Liquor Confectionery Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Chocolates
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2.1.2 Candies & Gums
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2.2 By Distribuiton Channel
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2.2.1 Supermarkets & Hypermarkets
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2.2.2 Specialty Stores
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2.2.3 Online Stores
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2.2.4 Other Distribution Channels
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2.3 By Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Russia
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East and Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle East and Africa
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Global Liquor Confectionery Market Size FAQs
What is the current Global Liquor Confectionery Market size?
The Global Liquor Confectionery Market is projected to register a CAGR of 5.83% during the forecast period (2024-2029)
Who are the key players in Global Liquor Confectionery Market?
Liquer Fills, Ferrero Group, Neuhaus, Toms Gruppen and Friars are the major companies operating in the Global Liquor Confectionery Market.
