United Kingdom Confectionery Market Trends, Share, Industry Top Companies and Report 2024-2032
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 United Kingdom market is primarily driven by the growing demand for premium and artisanal products as consumers increasingly seek high-quality and unique flavors. In line with this, the rise of health-conscious consumers leading to increased demand for low-sugar, organic, and functional confectionery options, is expanding in the market reach. Furthermore, growth in the seasonal and holiday-related sales, such as during Easter and Christmas, driving significant revenue in the sector is impelling the market.
Similarly, the growing influence of social media and digital marketing enhancing brand engagement and product visibility, is encouraging more frequent purchases. Moreover, the emerging trend of snacking and on-the-go consumption leading to increased demand for convenient and portion-controlled products, is also adding to market growth. In addition to this, the rising disposable incomes and willingness to spend on indulgent treats is providing an impetus to the market.
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United Kingdom Confectionery Market Scope and Growth Analysis:
The scope of the market is extensive, covering categories such as chocolates, candies, gums, and mints, catering to diverse consumer preferences. The market scope is expected to experience steady growth, driven by increasing demand for premium and healthier confectionery options. The growing influence of vegan and plant-based trends is also contributing to expansion in the market, as manufacturers innovate to meet the needs of this segment. Additionally, ongoing advancements in product formulation, such as sugar-free and functional confectionery, are driving future growth.
The market scope is particularly strong in urban areas where consumer demand for convenience and variety is high. As per market analysis, the rapid expansion of e-commerce and online retail platforms is increasing product accessibility, driving market scope. Moreover, the rise of direct-to-consumer channels and the expansion of digital marketing strategies are enhancing consumer reach and engagement. The market scope is expected to see continued innovation in flavors and ingredients, further fueling its growth.
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.
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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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