Opportunities in the Western Europe Confectionery Sector: Analysis of opportunities offered by high growth economies

2017-07-31
Price :
Published : Jul-2017
No. of Pages : 96

Opportunities in the Western Europe Confectionery Sector: Analysis of opportunities offered by high growth economies

Summary

Global Confectionery market was valued at US$156.4 Billion in 2016 and is forecast to record a CAGR of 4.6% during 2016-2021 to reach US$195.8 Billion by 2021. Western Europe held the highest value and volume share of the global Confectionery sector at 29.6% and 27.6%, respectively, in 2016. It is forecast to record a moderate value CAGR of 3.1% during 2016-2021, increasing from US$46,261.9 Million in 2016 to US$54,019.1 Million by 2021.

Chocolate is the largest market in the region, accounting for US$29,383.7 Million (63.5%) of the overall sector in 2016, and is forecast to grow at a CAGR of 3.3% to reach US$34,571.6 Million in 2021. This is followed by the Sugar Confectionery and Gum segments, which accounted for shares of 26.8% and 9.7% in 2016 and both are forecast to register a CAGR of 2.9% during 2016-2021. The growth of these markets is driven by manufacturers offering festive editions along with health-oriented products.

Hypermarkets & Supermarkets is the most important distribution channel for confectionery products as it accounts for 42.3% of sales, followed by Convenience Stores with 30.4% share in 2016. A similar trend is observed in Western Europe where Hypermarkets & Supermarkets leads with a 50.2% share of sales. While Convenience Stores and Food & Drinks Specialists accounted for shares of 28% and 12.9%, respectively, as of 2016.

Flexible Packaging is the most commonly used packaging material in the Confectionery sector, accounting for 79.3% (by pack units) in 2016. In terms of pack type, Film reported the highest share of 39% in 2016. Flip/Snap Top is the most commonly used closure type with a 50.5% share in 2016, while Carton – Folding is the most common outer type with a 71.9% share.

Western European Confectionery sector is fragmented with the top five brands – Milka, Dairy Milk, Haribo, Kinder, and Ferrero Rocher – accounting for 12.4% share of the sector in 2016. Meanwhile, private label accounted for share of 8.3% in 2016, which indicates the popularity of low cost/value for money variants among consumers. Furthermore, the fragmented and saturated market scenario demands high innovation to succeed in the region.

The report “Opportunities in the Western Europe Confectionery Sector” brings together multiple data sources to provide a comprehensive overview of the Western Europe Confectionery sector.

In particular, this report provides the following analysis –
– Sector Overview: Provides an overview of the sector size, value, and volume growth analysis, across regions.
– Change in Consumption: Analysis on the shift in consumption of Confectionery products by markets across the key countries in the Western Europe region.
– High Potential Countries: Provides Risk-Reward analysis of top four high potential countries in the Western Europe region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure.
– Country Analysis: Provides deep-dive analysis of four high potential countries covering value growth during 2016-2021, key challenges, consumer demographics, and key trends supported with product examples. It also includes analysis of the key challenges faced and future outlook for the region.
– Health & Wellness Analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Confectionery sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Confectionery products in the Western Europe region, in 2016. It also covers the market share of leading companies offering Confectionery with health & wellness attributes in the same year.
– Brand Analysis: Provides an overview of leading brands in the Western Europe region and analyzes the growth of private labels in the region.
– Key Distribution Channels: Provides analysis on the leading distribution channels for Confectionery across the key countries in the Western Europe region, in 2016. It covers six distribution channels: Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, Department Stores, Dollar Stores & Variety Stores, Vending Machines, and Others, which includes Cash & Carries and Warehouse Clubs, e-Retailers, Drug Stores & Pharmacies, and Other Retailers.
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Companies mentioned in this report: Perfetti Van Melle, Oy Karl Fazer, Nestle, Mondelez, Mars, Haribo, Ferrero, Cloetta, Chocoladefabriken Lindt & Sprungli, August Storck.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the Western Europe Confectionery sector. It includes analysis on the following –
– Sector overview: Provides an overview of the sector size, value, and volume growth analysis, across regions.
– Change in consumption: Analysis on the shift in consumption of Confectionery products by markets across the key countries in the Western Europe region.
– High potential countries: Provides Risk-Reward analysis of top four high potential countries in the Western Europe region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure.
– Country analysis: Provides deep-dive analysis of four high potential countries covering value growth during 2016-2021, key challenges, consumer demographics, and key trends supported with product examples. It also includes analysis of the key challenges faced and future outlook for the region.
– Health & Wellness analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Confectionery sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Confectionery products in the Western Europe region, in 2016. It also covers the market share of leading companies offering Confectionery with health & wellness attributes in the same year.
– Brand analysis: Provides an overview of leading brands in the Western Europe region and analyzes the growth of private labels in the region.
– Key distribution channels: Provides analysis on the leading distribution channels for Confectionery across the key countries in the Western Europe region, in 2016. It covers six distribution channels: Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, Department Stores, Dollar Stores & Variety Stores, Vending Machines, and Others, which includes Cash & Carries and Warehouse Clubs, e-Retailers, Drug Stores & Pharmacies, and Other Retailers.
– Preferred packaging formats: The report provides percentage share (in 2016) and growth analysis (during 2011-2021) for various packaging materials, pack types, closures, and outer types based on the volume sales (by pack units) of Confectionery.

Reasons to buy

– Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region.
– The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis , that can help companies gain insight into the country specific nuances
– The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
– To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates

Filed in: Food & Beverage
Publisher : GlobalData
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