The liquor confectionery market size is projected to be valued at US$ 603.0 million in 2023 and is expected to rise to US$ 1,002.0 million by 2033. The sales of liquor confectionery are projected to expand at a significant CAGR of 5.0% during the forecast period.
Rising trend of preparing handmade confectioneries at home with liquor as a prominent ingredient is expected to create opportunities for growth in the market. Besides this, surging demand for innovative liquor-based eatables is anticipated to push sales in the market in the forthcoming years.
Increasing preference for authentic and international culinary flavors is anticipated to drive product innovations in the market. Consequently, it is likely to boost sales in the forthcoming years. The introduction of fusion-style liquor confectionery to create a conducive environment for the market.
The demand for premium chocolate products is increasing across the world. These chocolate products are currently purchased only by a small percentage of customers, but their popularity is rising among other demographics as well. In response to this, leading chocolate companies including Mars and Ferrero are expanding their offerings by incorporating liquor into their products, thereby driving growth in the market.
| Attribute | Details |
|---|---|
| Liquor Confectionery Market Estimated Size (2023) | US$ 603.0 million |
| Liquor Confectionery Market CAGR (2023 to 2033) | 5.0% |
| Liquor Confectionery Market Forecasted Size (2033) | US$ 1,002.0 million |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Demand for liquor confectionery is projected to increase at a 5.0% CAGR, in comparison to the 2.3% CAGR registered from 2018 to 2022.
The growing interest in innovative liquor-based food products is encouraging manufacturers to improve their product portfolios by adding unique and distinct flavors to liquor confectionery. Some of the leading market players are incorporating citrus fruits and dairy-based flavors in liquor confectionery.
Globally, the number of lemon-flavored chocolates made with cocoa liquor has doubled in the past few years. In addition to this, manufacturers are focusing on introducing other ingredients such as pepper, yogurt, and lemon oil.
Market Trends
Liquor Confectionery Market:
| Attributes | Liquor Confectionery Market |
|---|---|
| CAGR (2023 to 2033) | 5.0% |
| Market Value (2033) | US$ 1,002.0 million |
| Growth Factor | Surging demand for innovative liquor-based eatables is anticipated to push sales in the market in the forthcoming years. |
| Opportunity | Rising trend of preparing handmade confectioneries at home with liquor as a prominent ingredient is expected to create opportunities for growth in the market. |
| Key Trends | Manufacturers are offering customization options such as personalized packaging, flavor combinations, and gift sets, allowing consumers to create unique and meaningful gifts. |
Butter and Margarine Market:
| Attributes | Butter and Margarine Market |
|---|---|
| CAGR (2023 to 2033) | 6.6% |
| Market Value (2033) | US$ 6.13 Billion |
| Growth Factor | As a staple commodity in an average household, butter, and margarine are always in demand. |
| Opportunity | The increase in consumer buying power might assist the supply of butter and margarine to rise on the international market. |
| Key Trends | Other factors anticipated to drive demand for the margarine and butter market include the expansion and presence of international companies active in the food processing industry, an increase in the prevalence of chronic infections, and growing healthcare costs. |
Plant-Based Cheese Market:
| Attributes | Plant-Based Cheese Market |
|---|---|
| CAGR (2023 to 2033) | 8.4% |
| Market Value (2033) | US$ 1665.21 million |
| Growth Factor | The rise in flexitarians and vegans, as well as several people who oppose animal slaughter and care about their welfare boost the growth of the plant-based cheese industry during the projection period. |
| Opportunity | Many people are turning to plant-based diets because they are lactose intolerant or allergic to dairy. The global market for plant-based cheese is expected to develop as the number of vegans increases quickly. This is likely to have an immediate impact on the sales of plant-based cheese in the coming months. |
| Key Trends | Enhancing consumer demand in developed countries with significantly expanding populations. Consumption patterns are changing, and the market for plant-based cheese is growing, particularly in China and India. |
Principal Consultant
The liquor chocolate segment holds a significant share of 34.6% in the liquor confectionery market. Liquor-infused chocolates have gained popularity among consumers due to their unique flavor combinations and indulgent experience. These chocolates are crafted by combining premium chocolate with a variety of liquors such as whiskey, rum, vodka, and liqueurs.
The combination of rich chocolate and the subtle taste of liquor creates a delightful treat for consumers seeking a touch of luxury and sophistication.
With their extensive range of products and large-scale retail operations, hypermarkets provide a convenient one-stop shopping experience for consumers looking for liquor confectionery products. These retail outlets offer a wide variety of liquor-infused chocolates, candies, and other confectionery items, catering to different taste preferences and budgets.
The spacious store layouts and ample shelf space in hypermarkets allow for prominent product placement and visibility, attracting customers and driving sales. Moreover, hypermarkets often offer competitive pricing and promotional offers, making them an attractive choice for consumers seeking value for money.
Increasing Demand for Fruity Liquor Confectionery might Boost Sales and Lead Germany to Acquire a Market Share of 33.0% in 2022.
The rising consumption of liquor chocolates in Germany is expected to place it as an attractive pocket in Europe liquor confectionery market over the forecast period. Players operating in Germany are offering exciting and unique flavors to improve sales of liquor confectionery, which is expected to augment the growth in the market.
The rising trend of serving bite-sized desserts at social gatherings, conferences, and parties in Germany continues pushing sales of liquor confectionery over the forecast period.
With a large consumer base and a growing demand for unique and indulgent confectionery products, the United States offers a favorable market for liquor-infused chocolates, candies, and other confectionery items. The market in the United States is driven by factors such as:
The presence of established confectionery manufacturers, widespread distribution networks, and robust retail channels contribute to the growth and accessibility of liquor confectionery products in the United States. The market in the United States is characterized by innovation, product diversification, and the pursuit of high-quality offerings to cater to the discerning tastes of consumers.
The Growing Popularity of Liquor Confectionery in China is Expected to Augment a Growth rate of 7.9% during the analysis period.
China is expected to account for a lion’s share of East Asia liquor confectionery market owing to increasing demand for international and unique confectionery products such as chocolates and gummies. In response to this trend, manufacturers are investing in mergers, acquisitions, and collaborations to expand their production facilities in China. Such developments are anticipated to bode well for the market in the forthcoming years.
The market in India is fueled by the presence of both domestic and international confectionery manufacturers. They offer a wide range of liquor confectionery options to cater to diverse tastes and preferences. These manufacturers leverage their expertise in chocolate-making and liquor infusion techniques to create enticing products that appeal to the consumer base of India.
The market growth is supported by the expanding retail infrastructure, including supermarkets, hypermarkets, specialty stores, and e-commerce platforms, which provide easy accessibility to liquor confectionery products across the country. The rise of the gifting culture and the growing trend of premium gifting options also contribute to the demand for liquor confectionery in India.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The liquor confectionery market is characterized by a competitive landscape with several key players vying for market share. These companies focus on product innovation, flavor diversification, and marketing strategies to stay ahead in the market. They actively develop liquor-infused chocolates, candies, truffles, and other confectionery items to cater to the evolving consumer preferences and demand for unique and indulgent treats.
The competitive landscape is also influenced by factors such as quality certifications, compliance with food safety regulations, and sustainability initiatives. Companies that prioritize ethical sourcing of ingredients, environment-friendly packaging, and transparent manufacturing processes often gain a competitive advantage in the market.
Latest Developments in the Liquor Confectionery Market
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.0% from 2023 to 2033 |
| Base Year of Estimation | 2023 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ million and Volume in Units and F-CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis |
| Key Segments Covered | By Product Type, By Distribution Channel, By Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; The Middle East & Africa; Oceania |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, Italy, France, The United Kingdom, Spain, Russia, China, Japan, India, GCC Countries, Australia |
| Key Companies Profiled | Hershey’s; Ferrero SpA; Mondelez International; Toms Gruppen; Liqueur Fills; Abtey Chocolate Factory; Neuhaus; Mars; Brookside; Booz Drops; Others |
| Customization & Pricing | Available upon Request |
From 2018 to 2022, the market registered a CAGR of 2.3%.
The market is estimated to reach US$ 1,002.0 million by 2033.
Chocolates hold high revenue potential.
The United States, Japan, and the United Kingdom dominate the global market.
The market is forecast to register a CAGR of 5% through 2033.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Product Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Product Type, 2023 to 2033 5.3.1. Candies 5.3.2. Gums 5.3.3. Chocolates 5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Distribution Channel, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Distribution Channel, 2023 to 2033 6.3.1. Direct Sales 6.3.2. Retail Sales 6.3.2.1. Hypermarkets/Supermarkets 6.3.2.2. Convenience Stores 6.3.2.3. Specialty Stores 6.3.2.4. Independent Retailers 6.3.2.5. Online Retailers 6.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Distribution Channel, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Region, 2023 to 2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. MEA 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. U.S. 8.2.1.2. Canada 8.2.2. By Product Type 8.2.3. By Distribution Channel 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Product Type 8.3.3. By Distribution Channel 8.4. Key Takeaways 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Product Type 9.2.3. By Distribution Channel 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Product Type 9.3.3. By Distribution Channel 9.4. Key Takeaways 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. U.K. 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Product Type 10.2.3. By Distribution Channel 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Product Type 10.3.3. By Distribution Channel 10.4. Key Takeaways 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. Singapore 11.2.1.5. Thailand 11.2.1.6. Indonesia 11.2.1.7. Australia 11.2.1.8. New Zealand 11.2.1.9. Rest of Asia Pacific 11.2.2. By Product Type 11.2.3. By Distribution Channel 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product Type 11.3.3. By Distribution Channel 11.4. Key Takeaways 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Israel 12.2.1.4. Rest of MEA 12.2.2. By Product Type 12.2.3. By Distribution Channel 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product Type 12.3.3. By Distribution Channel 12.4. Key Takeaways 13. Key Countries Market Analysis 13.1. U.S. 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2022 13.1.2.1. By Product Type 13.1.2.2. By Distribution Channel 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2022 13.2.2.1. By Product Type 13.2.2.2. By Distribution Channel 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2022 13.3.2.1. By Product Type 13.3.2.2. By Distribution Channel 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2022 13.4.2.1. By Product Type 13.4.2.2. By Distribution Channel 13.5. Germany 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2022 13.5.2.1. By Product Type 13.5.2.2. By Distribution Channel 13.6. U.K. 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2022 13.6.2.1. By Product Type 13.6.2.2. By Distribution Channel 13.7. France 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2022 13.7.2.1. By Product Type 13.7.2.2. By Distribution Channel 13.8. Spain 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2022 13.8.2.1. By Product Type 13.8.2.2. By Distribution Channel 13.9. Italy 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2022 13.9.2.1. By Product Type 13.9.2.2. By Distribution Channel 13.10. China 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2022 13.10.2.1. By Product Type 13.10.2.2. By Distribution Channel 13.11. Japan 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2022 13.11.2.1. By Product Type 13.11.2.2. By Distribution Channel 13.12. South Korea 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2022 13.12.2.1. By Product Type 13.12.2.2. By Distribution Channel 13.13. Singapore 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2022 13.13.2.1. By Product Type 13.13.2.2. By Distribution Channel 13.14. Thailand 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2022 13.14.2.1. By Product Type 13.14.2.2. By Distribution Channel 13.15. Indonesia 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2022 13.15.2.1. By Product Type 13.15.2.2. By Distribution Channel 13.16. Australia 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2022 13.16.2.1. By Product Type 13.16.2.2. By Distribution Channel 13.17. New Zealand 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2022 13.17.2.1. By Product Type 13.17.2.2. By Distribution Channel 13.18. GCC Countries 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2022 13.18.2.1. By Product Type 13.18.2.2. By Distribution Channel 13.19. South Africa 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2022 13.19.2.1. By Product Type 13.19.2.2. By Distribution Channel 13.20. Israel 13.20.1. Pricing Analysis 13.20.2. Market Share Analysis, 2022 13.20.2.1. By Product Type 13.20.2.2. By Distribution Channel 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Product Type 14.3.3. By Distribution Channel 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. Hershey’s 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. Ferrero SpA 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. Mondelez International 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. Toms Gruppen 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 15.1.5. Liqueur Fills 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.5.5.3. Channel Strategy 15.1.6. Abtey Chocolate Factory 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.6.5.2. Product Strategy 15.1.6.5.3. Channel Strategy 15.1.7. Neuhaus 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.7.5.2. Product Strategy 15.1.7.5.3. Channel Strategy 15.1.8. Mars 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.8.5.2. Product Strategy 15.1.8.5.3. Channel Strategy 15.1.9. Brookside 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.9.5.2. Product Strategy 15.1.9.5.3. Channel Strategy 15.1.10. Booz Drops 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 15.1.10.5.2. Product Strategy 15.1.10.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
Explore Food and Beverage Insights
View Reports
Liquor Confectionery Market
