Liquor Confectionery Market | Industry Size, Share & Trends (2022-27)

 

Market Overview:

A CAGR of 5.83% is anticipated for the Global Liquor Confectionery Market over the course of the forecast period (2021–2026).

The demand will increase as a result of the majority of the growth being related to elements of convenience and consumer preference for handcrafted liquor sweets. Brand recognition will be essential to the expansion of the category, although the market will tilt more in favour of the premium category, which will be followed by the development of a strong gifting culture in developed markets.

Although the COVID-19 epidemic initially slowed down the sales of consumer packaged goods, confectionery-based goods — including alcoholic beverages — have shown substantial increase as a result of consumers’ predilection for snacks during lockdowns and occasionally-occurring sweet cravings. Additionally, the global lockdown has caused repeated purchases of confectionery products, which would eventually help manufacturers of liquor confectionery if a similar pandemic occurs during the predicted period.

Scope of the Report:

By product type, the global alcoholic confectionery market is divided into two segments: chocolates and candies & gums. Supermarkets and hypermarkets, specialty shops, online retailers, and other distribution channels make up the market’s distribution channel segments. The paper analyses the markets for liquor confectionery in North America, Europe, Asia Pacific, South America, and the Middle East and Africa based on geography.

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