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Confectionery Market to Hit $242.53 Billion by 2028;


COVID-19 Impact:
In the early months of the pandemic, the halt on sugar and chocolate processing plants had a huge impact on food demand. For example, in reaction to the COVID-19 outbreak in the United States, The Hershey Company voluntarily shut down all of its manufacturing facilities from March 16 to March 29, 2020.
During the lockdown, supply chain disruptions, labour shortages, trade sanctions, and shipping and logistics fluctuations were all experienced. According to the CEO of the National Confectioners Association (NCA), consumers ate more meals at home during the quarantine period, reduced their supermarket visits, and increased their satisfaction levels with online shopping. ....

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Confectionery Market to Hit $242.53 Billion by 2028; Growing Popularity of Convenience Foods to Aid Market Expansion, Says Fortune Business Insights™ - Press Release


Pune, India, July 07, 2021 (GLOBE NEWSWIRE) The global
confectionery market size is projected to reach USD 242.53 billion by 2028, registering a CAGR of 3.8% during the forecast period. Rising health consciousness among consumers will play a key role in augmenting the growth of this market, shares Fortune Business Insights™ in its recent report, titled “Confectionery Market, 2021-2028”. The market size stood at USD 188.52 billion in 2020.
Manufactured chocolate bars and candies are known to contain large amounts of artificial sweeteners. With increasing prevalence of lifestyle-related disorders, even the most ardent chocolate-lovers are getting increasingly inclined towards organic and natural ingredients-based products. For example, the Swiss chocolate-maker Barry Callebaut’s research found that the market value for organic chocolates currently stands at €30 million in Western Europe alone. This figure shows that the shifting consumer preference for chocolate ....

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Coconut Milk Market to Hit USD 2,172.49 Million in 2028; Rising Adoption of Vegan Diet and Prevalence of Lactose Intolerance to Aid Growth, Says Fortune Business Insights™


Key Players Focus on Introducing New Products to Attract More Consumers
The market houses a large number of international and domestic companies that are presently focusing on launching unique products infused with coconut milk to attract more consumers. A few others are joining hands with start-up firms to co-develop novel food products containing this ingredient.
Below are the two crucial industry developments:
June 2020: Epigamia introduced a new line of plant-based yogurt in India. It is made of coconut milk and has a creamy texture. It is available in two flavors, namely, Coconut Jaggery and Unsweetened. Both are free from preservatives and high in probiotics. ....

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