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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 United Kingdom confectionery market size 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 UK market is primarily driven by the expanding demand for costs and artisanal items as consumers increasingly look for top quality and special flavors. In accordance with this, the increase of health-conscious consumers bring about increased need for low-sugar, organic, and practical confectionery options, is broadening in the marketplace reach. Moreover, growth in the seasonal and holiday-related sales, such as throughout Easter and Christmas, driving substantial income in the industry is motivating the market.
In a similar way, the expanding influence of social media and electronic advertising enhancing brand interaction and product visibility, is motivating more constant purchases. Furthermore, the emerging fad of snacking and on-the-go intake resulting in raised demand for convenient and portion-controlled products, is additionally contributing to market development. Along with this, the increasing disposable revenues and willingness to invest in indulgent deals with is offering a motivation to the market.
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United Kingdom Confectionery Market Scope and Growth Analysis:
The scope of the market is comprehensive, covering groups such as chocolates, sweets, periodontals, and mints, dealing with diverse customer choices. The market range is expected to experience stable development, driven by enhancing demand for costs and much healthier confectionery alternatives. The growing impact of vegan and plant-based trends is likewise adding to development out there, as manufacturers innovate to fulfill the needs of this segment. Furthermore, recurring improvements in item formula, such as sugar-free and functional confectionery, are driving future development.
The market scope is especially solid in metropolitan locations where consumer demand for benefit and range is high. According to market evaluation, the rapid expansion of e-commerce and online retail platforms is enhancing product accessibility, driving market extent. Moreover, the rise of direct-to-consumer networks and the growth of digital marketing strategies are boosting customer reach and interaction. The market scope is expected to see ongoing development in tastes and components, additionally sustaining its development.
United Kingdom Confectionery Forecast 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.
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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.
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