Liquor Confectionery Market By Registering A CAGR Of 5.0% In The Forecast Period 2023 to 2033

Liquor Confectionery Market

In 2022, the liquor-flavored market confections is anticipated to reach US$ 580 million. By 2032, the market is expected to reach US$ 981.4 Million thanks to demand that is expected to grow at a 5.4% CAGR.

New product launches with different flavoured chocolates, candies and gums are anticipated to positively influence the growth of the market. For instance, Abtey has introduced a new range of products that are prepared from refined alcohol and ganache centres.

The four new variants of coulis including ganache and Cointreau jelly, ganache and rum jelly, mousse and kirsch jelly, and ganache and strawberry jelly. Such developments are expected to create opportunities for growth in the market.

Further, increasing demand for premium liquor chocolates for gifting purposes and for serving as desserts at social gatherings is anticipated to drive the market in the forthcoming years.

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In addition to this, due to growing preference for online retail, manufacturers are launching their products at online retail channels to gain a competitive edge. This has also resulted in high availability of liquor confectionery in various developing countries, thereby augmenting the growth in the market.

“Growing preference for premium liquor-based chocolates across the globe, along with surging demand for liquor cocktail gummies will continue steering the growth in the market over the forecast period,” says an FMI analyst.

Global Liquor Confectionery Market by Category

By Product Type:

  • Candies
  • Gums
  • Chocolates

By Distribution Channel:

  • Direct
  • Indirect
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Independent Retailers
    • Online Retailers

Key Takeaways:

  • Germany is projected to dominate the Europe liquor confectionery market. Total demand in Europe will account for 30% of the global market share in 2022.
  • The U.S. will hold nearly 80% of the North America liquor confectionery market over the forecast period.
  • By product type, chocolate liquor confectionery is expected to account for the maximum market value share of the global market in 2022.
  • In terms of distribution channels, sales in the indirect segment are forecast to remain high over the assessment period.

Competitive Landscape

Leading players operating in the liquor confectionery market are investing in mergers, acquisitions, and collaborations to expand theior grographical footprint. They are also focusing on promotional strategies to advertise their products on social media channels to improve sales. Key Companies Profiled are:

  • Hershey’s
  • Ferrero SpA
  • Mondelez International
  • Toms Gruppen
  • Liqueur Fills
  • Abtey Chocolate Factory
  • Neuhaus
  • Mars
  • Brookside
  • Booz Drops

The report covers exhaustive analysis on:

  • What is the current liquor confectionery market value?
  • At what rate is the liquor confectionery market expected to grow?
  • What strategies are adopted by the market players in the liquor confectionery market?
  • What is the share of the top 10 companies in the liquor confectionery market?
  • Which are the major countries driving demand for liquor confectionery?

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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