Confectionery Market Size, Share and Trends to 2022 Confectionery Market Size, Share and Trends to 202 | Page 3

Introduction to Confectionery Market
• Manufacturers are increasing their product range by including organic herbal fillings, exotic flavors, and functional ingredients in their product formulations to cater to the changing consumer demands.
• International Organization for Standardization( ISO), Canadian Food Inspection Agency( CFIA), Food and Drug Administration( FDA), Health Canada, World Health Organization( WHO), and European Union( EU) are some of the regulatory authorities present in the confectionery market.
• Based on type, the market is segmented into sugar, chocolate, fine bakery wares, and others. Others include gums, snack products, brand ice creams, and raw pastes.
• In 2015, chocolate confectionery showed the highest growth rate, accounting for more than one-third of the market, in terms of revenue, owing to innovation and product quality.
• Introduction of organic ingredients, alcohol flavors, nuts such as hazelnut, and unusual fruits such as raspberry in chocolate confections increased the demand for different flavors among customers, thus fueling the chocolate confectionery market growth.

Introduction to Confectionery Market

• Manufacturers are increasing their product range by including organic herbal fillings, exotic flavors, and functional ingredients in their product formulations to cater to the changing consumer demands.

• International Organization for Standardization( ISO), Canadian Food Inspection Agency( CFIA), Food and Drug Administration( FDA), Health Canada, World Health Organization( WHO), and European Union( EU) are some of the regulatory authorities present in the confectionery market.

• Based on type, the market is segmented into sugar, chocolate, fine bakery wares, and others. Others include gums, snack products, brand ice creams, and raw pastes.

• In 2015, chocolate confectionery showed the highest growth rate, accounting for more than one-third of the market, in terms of revenue, owing to innovation and product quality.

• Introduction of organic ingredients, alcohol flavors, nuts such as hazelnut, and unusual fruits such as raspberry in chocolate confections increased the demand for different flavors among customers, thus fueling the chocolate confectionery market growth.