Blog Information
- Posted By : Sam Walter
- Posted On : Oct 30, 2024
- Views : 4
- Category : General
- Description : The increasing advances in food technology and ingredient innovation, which allow confectionery manufacturers to create novel products with improved taste, texture, and nutritional profiles, are primarily driving the regional market.
- Location : United Kingdom
Overview
Confectionery Market in United Kingdom - 2024
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Size in 2023: USD 14.7 Billion
Market Forecast in 2032: USD 23.91 Billion
Market Growth Rate: 5.50% (2024-2032)
How Big is the United Kingdom Confectionery Industry?
The confectionery market in United Kingdom reached USD 14.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 23.91 Billion by 2032, exhibiting a growth rate (CAGR) of 5.50% during 2024-2032.
United Kingdom Confectionery Market Trends:
The primary driver of the UK market is the rising demand for artisanal and premium goods as customers look for more distinctive and superior flavors. Accordingly, the market for low-sugar, organic, and functional confectionery options is growing as a result of the rise in health-conscious customers. The market is also being driven by the rise in seasonal and holiday-related sales, which are particularly strong during Easter and Christmas and provide substantial revenue for the industry.
In a similar vein, the increasing impact of digital marketing and social media on brand engagement and product visibility is promoting more frequent purchases. Additionally, the market is expanding because to the growing trend of snacking and consumption while on the go, which is raising demand for handy and portion-controlled goods. Additionally, the market is being stimulated by increased disposable incomes and a propensity to spend on decadent foods.Request Free Sample Report: https://www.imarcgroup.com/united-kingdom-confectionery-market/requestsample
United Kingdom Confectionery Market Scope and Growth Analysis:
The market is broad in scope, including categories such as chocolates, candies, gums, and mints that cater to a wide range of consumer preferences. It is anticipated that the market will expand steadily due to rising consumer demand for high-end and healthy confections. As producers adapt to satisfy the demands of this industry, the growing popularity of vegan and plant-based diets is also fueling market growth. Future growth is also being driven by continuous improvements in product formulation, such as sugar-free and functional confections.
The market's reach is especially broad in cities where there is a great demand from consumers for variety and convenience. According to market research, the quick growth of online retail and e-commerce platforms is expanding product accessibility and expanding the market. Additionally, consumer reach and engagement are being improved by the growth of digital marketing methods and the emergence of direct-to-consumer channels. It is anticipated that the market will continue to experience innovation in flavors and ingredients, which will accelerate its expansion.
United Kingdom Confectionery Market Research and Segmentation:
The report has segmented the market into the following categories:
Product Type Insights:
- Hard-boiled Sweets
- Mints
- Gums and Jellies
- Chocolate
- Caramels and Toffees
- Medicated Confectionery
- Fine Bakery Wares
- Others
Age Group Insights:- Children
- Adult
- Geriatric
Price Point Insights:- Economy
- Mid-range
- Luxury
Distribution Channel Insights:- Supermarkets and Hypermarkets
- Convenience Stores
- Pharmaceutical and Drug Stores
- Online Stores
- Others
Regional Insights:- London
- South East
- North West
- East of England
- South West
- Scotland
- West Midlands
- Yorkshire and The Humber
- East Midlands
- Others
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.Ask Analyst For Customization: https://www.imarcgroup.com/request?type=report&id=22106&flag=C
Other Key Points Covered in the Report:- COVID-19 Impact on the Market
- Porter's Five Forces Analysis
- Strategic Recommendations
- Market Dynamics
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
- Top Winning Strategies
- Recent Industry News
- Key Technological Trends & Development
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145