Global Liquor Confectionery Market

Liquor Confectionery Market Size, Share, Growth Analysis, By Product(Chocolates, Candies & Gums), By Distribution Channel(Supermarkets/Hypermarkets, Specialty Stores, Online), By Region - Industry Forecast 2025-2032


Report ID: SQMIG30I2318 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 62 | Figures: 75

Liquor Confectionery Market Regional Insights

Europe has the biggest market share as of 2022, making up 49.3% of the global market. This leading position can be ascribed to the growing desire in nations like Belgium, Germany, and Switzerland for candy that contains alcohol. These items' unique flavors, widespread availability, and long-standing custom of incorporating them into different events are some of the factors contributing to their recent spike in popularity. A culture of enjoying handcrafted liquor confectioneries at important occasions, holidays, and celebrations has been nurtured by the distinctive cultural customs seen throughout Europe. The steady demand for these goods in the area has been largely fueled by this cultural norm.

Simultaneously, the Asia Pacific area has become a dynamic and swiftly expanding participant in the sector. Over the course of the forecast period, a noteworthy CAGR of 5.9% is anticipated. A number of variables have contributed to this remarkable growth trajectory, such as a change in consumer attitudes regarding the consumption of delicacies infused with alcohol and increased knowledge of liquor-infused confectionery. Interestingly, a large segment of the market, especially millennials, is willing to spend money on these candies in order to try new flavors and sensations. This preference stems from the understanding that these items provide a special means of savoring the essence of alcohol without resorting to excessive consumption. Changes in attitudes about the role of alcohol in celebration and enjoyment are having an impact on consumer behavior in the Asia Pacific area. Alternatives that fit the mood but don't require binge drinking are becoming more and more popular. The demand for alcoholic candies has increased as a result of this shift of viewpoint, making them an alluring and culturally relevant choice.

While Europe persists in its custom of indulging in liquor-infused candy during momentous occasions, the Asia Pacific area is embracing the chance to reimagine the confluence of alcohol and candy, meeting the increasing desire for delights that evoke an experience. Together, these trends emphasize the allure of liquor-infused confections around the world and the many ways that other locales incorporate these goods into their customs and tastes.

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FAQs

Liquor Confectionery Market size was valued at USD 603 Million in 2023 and is poised to grow from USD 636.17 Million in 2024 to USD 976.31 Million by 2032, growing at a CAGR of 5.5% during the forecast period (2025-2032).

Intense competition among major competitors vying for consumer attention and market share characterizes the competitive landscape of the worldwide liquor confectionery market. Several well-known companies, such Anthon Berg and Solidarno Liqueurs & Vodka, are constantly innovating and expanding the possibilities for flavor profiles and presentation. These businesses set themselves apart by providing a vast selection of liquor-infused candies to suit a range of palates and tastes. 'Ritter Sport (Germany)', 'Anthon Berg (Denmark)', 'Ferrero SpA (Italy)', 'Lindt & Sprüngli AG (Switzerland)', 'Solidarno Liqueurs & Vodka (Poland)', 'Godiva Chocolatier, Inc. (Belgium)', 'Läderach (Switzerland)', 'Neuhaus (Belgium)', 'Mars, Incorporated (United States)', 'Chocolaterie Guylian N.V. (Belgium)', 'Mondelez International, Inc. (United States)', 'Nestlé S.A. (Switzerland)', 'The Hershey Company (United States)', 'Artisan du Chocolat (United Kingdom)', 'Lindt & Sprüngli AG (Switzerland)', 'Moonstruck Chocolate Company (United States)', 'The Barry Callebaut Group (Switzerland)', 'Droste Chocolates (Netherlands)', 'Liqueur Fills (United Kingdom)', 'Fruideli (Switzerland)'

There is a constant demand for liquor-infused candy since many cultures have created traditions of ingesting it during festivities and special events.

Flavor Innovation: Liquor confectioners have taken the cue from conventionally renowned drinks and mocktails when it comes to their production. They are employing a new and interesting range of flavors inspired from these alcoholic beverages to appeal to a wider consumer base who want a variety in tastes.

Europe has the biggest market share as of 2022, making up 49.3% of the global market. This leading position can be ascribed to the growing desire in nations like Belgium, Germany, and Switzerland for candy that contains alcohol. These items' unique flavors, widespread availability, and long-standing custom of incorporating them into different events are some of the factors contributing to their recent spike in popularity. A culture of enjoying handcrafted liquor confectioneries at important occasions, holidays, and celebrations has been nurtured by the distinctive cultural customs seen throughout Europe. The steady demand for these goods in the area has been largely fueled by this cultural norm.

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Global Liquor Confectionery Market

Report ID: SQMIG30I2318

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