Global Wafer Confectionery Market, By Product Type (Coated, Cream-Filled), Type (Chocolate, Ice Cream, Cookies, Biscuit, Others), Distribution Channel (Hypermarkets and supermarkets, Convenience stores, Online stores, Specialty Food Stores, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Wafer Confectionery Market
Wafer confectionery market size is expected to grow at a compound annual rate of 6.1% in the forecast period 2021 to 2028 and is likely to reach USD 20.39 billion by 2028. The availability of convenient and healthy on-the-go snack is the factor responsible for the growth of wafer confectionery market in the forecast period of 2021 to 2028.
Wafers are crisp in nature, generally very thin, flat, sweet, light and dry cookie, which used to garnish ice cream, and also used to decorate some of the sweet dishes. The wafers can also be made into cookies with some cream flavoring squeezed between them.
The major growing factor towards wafer confectionery market is the rise in the preference for the exotic confectionary products. Furthermore, the rise in the preference for convenient snacking and easy consumer accessibility through the advancing retail sector are also expected to heighten the overall demand for wafer confectionery market over the forecast period of 2021 to 2028. Moreover, the rapid shift in consumer preference and the increase in the disposable incomes are also expected to serve as foremost drivers for the wafer confectionery market at a global level. In addition, the rise in the consumption of chocolates and rise in the population are also lifting the growth of the wafer confectionery market.
However, the volatile raw material prices and rise in the awareness regarding health concerns are projected to act as a restraint towards the growth of wafer confectionery market, whereas the rise in the cases of diabetes can challenge the growth of the wafer confectionery market.
Moreover, the high growth in consumption of wafers biscuits, rise in urbanization and rise in the investments in application segments are expected to further generate new opportunities for the wafer confectionery market in the forecast period of 2021 to 2028.
This wafer confectionery market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on wafer confectionery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Wafer Confectionery Market Scope and Market Size
Wafer confectionery market is segmented on the basis of product type, type and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the wafer confectionery market has been segmented into coated and cream-filled.
- On the basis of type, the wafer confectionery market has been segmented into chocolate, ice cream, cookies, biscuit and others.
- The distribution channel segment of the wafer confectionery market has been segmented into hypermarkets and supermarkets, convenience stores, online stores, specialty food stores and others.
Wafer Confectionery Market Country Level Analysis
Wafer confectionery market is analyses and market size, volume information is provided by country, product type, type and distribution channel as referenced above.
The countries covered in the wafer confectionery market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe leads the wafer confectionery market due to the high standard of living and the strong presence of many vendors. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the rapid shift in consumer preference and the rise in the disposable incomes.
The country section of the market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Wafer Confectionery Market Share Analysis
Wafer confectionery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to wafer confectionery market.
The major players covered in the wafer confectionery report are Mars, Incorporated, Nestlé, THE HERSHEY COMPANY, Kellogg's Company, pladis global, Shri Disnau Shakti Dham Foods Pvt. Ltd., Bakewell Biscuits Pvt. Ltd., Gopinath Foods, Antonelli, Lago Group S.p.A., RAVI FOODS PRIVATE LIMITED, MAYANK FOOD PRODUCT, Mahendra Food Products, Mahendra Food Products, Ancora Foods, Prayagh Nutri Products P. Ltd., and Mondelez International among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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