Market Size of Global Liquor Confectionery Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.83 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Liquor Confectionery Market Analysis
The Global Liquor Confectionery Market is expected to register a CAGR of 5.83% during the forecast period (2021-2026).
- Majority of the growth is relatable to the factors of convenience along with consumer inclination towards handmade liqour confectionery, which as such will propel the demand further. Brands recognition will play a crucial role in the category growth, however, the market will shift more towards the premium category, followed by the gifitng culture evidient in the developed markets.
- Although covid-19 pandemic has slowed down the sales of consumer packaged products during its onsets, confecionery based products, inclusive of the liqour ones, have showcased significant growth following the preference for snacking during lockdown as well as craving for sweet products at times. Likewise, the world wide lockdown has led confectionery products to witnessed repeated sales, which going forward will benefit liquor confectionery manufacturers on the long run, if in case, such pandemic are supposed to occur again over the forecast period.
