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Liquor Confectionery Market Trends

  • Report ID: GMI11223
  • Published Date: Sep 2024
  • Report Format: PDF

Liquor Confectionery Market Trends

The liquid confectionery industry is witnessing a shift towards premiumization and innovative products. Consumers are increasingly drawn to luxurious and unique treats that blend the sweetness of confections with the sophistication of alcohol. According to the U.S. Department of Agriculture, there has been a 15% increase in demand for artisanal, handcrafted confections infused with liquor, often showcasing high-quality, exotic spirits. Products that are seasonal or limited-edition, especially those tied to holidays, are also seeing a rise in popularity, with a 10% growth reported by the National Retail Federation.
 

Moreover, there's a heightened emphasis on sustainable and ethically sourced ingredients, reflecting a broader consumer movement towards responsible consumption. The influence of e-commerce and social media has magnified these trends, ensuring that niche and specialty products reach a global audience with greater accessibility.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of liquor confectionery reached USD 750.3 million in 2023 and is set to witness a 5.5% CAGR during 2024-2032, fueled by consumer demand for premium, novelty products that blend the delight of sweets with the allure of alcohol.

The chocolate liquor confectionary segment will show a 5.2% CAGR from 2024 to 2032, bolstered by the popular combination of chocolate and alcoholic beverages.

Europe market will record a 6% CAGR between 2024 and 2032, thrusted by a strong tradition of gourmet and luxury confections combined with alcoholic beverages.

Ferrero Group, Neuhaus, Toms Gruppen, Fazer Liqueur Fills, Mars, Booz Drops, Hershey’s, and Abtey Chocolate Factory.

Liquor Confectionery Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 8
  • Tables & Figures: 172
  • Countries covered: 22
  • Pages: 200
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