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The Global Confectionery Market

Author

Listed:
  • A. V. Ryzhakova
  • O. A. Babina

Abstract

Chocolate, biscuits and confectioneries are rooted in cultural traditions, seasonal celebrations, family occasions and even everyday life in Europe and around the world. Confectionery industries contribute greatly to Europe’s economy. The dynamic development of the confectionery industry has a positive impact on many sectors of the European Union, increases employment, increases export potential, promotes growth in production in agriculture, transport and trade. Feature of the confectionery market in Europe is the highest percentage of consumption of chocolate, in relation to other types of confectionery products. The globally acknowledged savoir-faire and creativity of European manufacturers enable them to export their products all over the world. Around 60% of the production was exported: the top three destinations outside the European continent were the USA, Russia and Australia. The success of confectionery industry relies more and more on their exports. The article is devoted to research of the European Unions' confectionery market. The dynamics of the EU confectionery market is analyzed. The authors considered the features of the chocolate segment of the confectionery market in the EU countries and the current trends in the development of the confectionery market.

Suggested Citation

  • A. V. Ryzhakova & O. A. Babina, 2017. "The Global Confectionery Market," International Trade and Trade Policy, ФГБОУ ВО "Ð Ð¾Ñ Ñ Ð¸Ð¹Ñ ÐºÐ¸Ð¹ Ñ ÐºÐ¾Ð½Ð¾Ð¼Ð¸Ñ‡ÐµÑ ÐºÐ¸Ð¹ ÑƒÐ½Ð¸Ð²ÐµÑ€Ñ Ð¸Ñ‚ÐµÑ‚ им. Г.Ð’. Плеханова", issue 4.
    • Handle: RePEc:acl:journl:y:2017:id:212
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    References listed on IDEAS

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    1. Squicciarini, Mara P. & Swinnen, Johan (ed.), 2016. "The Economics of Chocolate," OUP Catalogue, Oxford University Press, number 9780198726449.
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