CONFECTIONERY MARKET ANALYSIS

Name: Confectionery Market News
Creator: Coherent Market Insights
License: https://www.coherentmarketinsights.com/privacy-policy

Global Confectionery Market, By Product Type (Sugar Confectionery, Chocolate Confectionery, and Gum), By Distribution Channel (Supermarkets, Hypermarkets, Online, Convenience Stores, Specialty Stores, and Others), Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

Key Developments:

In Oct’ 2019, an American Licorice Company has partnered with a Cambodian confectionery manufacturer - Aprati Foods, to develop a line of coffee and fruit-flavored hard candies in the US market. This non-GMO candies will be sold online under two names – Mocati (offers caramel macchiato, espresso and mocha mint) and Frutati (offers dual fruit flavors including blueberry yuzu, green apple mango, and pineapple passionfruit).
In Sep’ 2019, the U.K.-based luxury department store chain Harvey Nichols, has added new confectionery range to its own label range. The new range offers mints, boiled sweets, fudge, jellies, toffies and brittles.
In August 2019, the alcoholic cocktail gummy manufacturer, Smith & Sinclair has announced to launch its products in Germany, France, Spain, and Italy and in the US following its strategy to expand globally.
In April 2018, The Hershey Company, one of the largest chocolate company in the world, is planning to invest approximately US$ 500 Mn over 2030 to grow its Cocoa for Good program, which is primarily focusing on refining sustainable practices in the production of cocoa.