Global gum, cereal bars confectionery industry forecast to reach US$31.9B by 2018 at CAGR of 4.3%, new report states

Nevin Barich

DUBLIN , April 26, 2013 (press release) – Research and Markets has announced the addition of the "Global Gum and Cereal Bars Confectionery Industry 2013-2018: Trend, Profit, and Forecast Analysis" report to their offering.

The global gum and cereal bars confectionery industry experienced good growth during 2007- 2012; however, over 2013-2018, growth is expected to be moderate driven by introduction of new products to boost industry profitability and impressive marketing strategies. The industry is forecast to reach $31.9 billion by 2018 at a CAGR of 4.3% through 2018. Industry competition is high with numerous players in the market.

This report is geographically segmented into four regions: North America, Europe, Asia Pacific, and the Rest of World. Europe dominates the industry, but APAC is forecast to grow at the highest rate over 2013-2018.

Lucintel has identified that high pressure on cost reduction and product pricing, health and wellness concern of consumers and industry regulation are some of the major growth challenges. Rising disposable income, indulgence foods, growing populations, and consumer spending are the drivers providing the industry with competitive advantage.

This market report is an indispensable reference guide for materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market. To make business, investment, and strategic decisions, you need timely, useful information and these market reports fulfill these core needs.

This comprehensive guide provides readers with valuable information and the tools needed to successfully drive critical business decisions with a thorough understanding of the market's potential. In a fast-paced everchanging world, business leaders need every advantage available to them in a timely manner to drive change in the market and to stay ahead of their competition. This report provides business leaders with a keen advantage in this regard by making them aware of emerging trends and demand requirements on an annual basis.

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Sector: Snacks and Confectionery

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