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COVID-19 Impact: In the early months of the pandemic, the halt on sugar and chocolate processing plants had a huge impact on food demand. For example, in reaction to the COVID-19 outbreak in the United States, The Hershey Company voluntarily shut down all of its manufacturing facilities from March 16 to March 29, 2020. During the lockdown, supply chain disruptions, labour shortages, trade sanctions, and shipping and logistics fluctuations were all experienced. According to the CEO of the National Confectioners Association (NCA), consumers ate more meals at home during the quarantine period, reduced their supermarket visits, and increased their satisfaction levels with online shopping. ....
Pune, India, July 07, 2021 (GLOBE NEWSWIRE) The global confectionery market size is projected to reach USD 242.53 billion by 2028, registering a CAGR of 3.8% during the forecast period. Rising health consciousness among consumers will play a key role in augmenting the growth of this market, shares Fortune Business Insights™ in its recent report, titled “Confectionery Market, 2021-2028”. The market size stood at USD 188.52 billion in 2020. Manufactured chocolate bars and candies are known to contain large amounts of artificial sweeteners. With increasing prevalence of lifestyle-related disorders, even the most ardent chocolate-lovers are getting increasingly inclined towards organic and natural ingredients-based products. For example, the Swiss chocolate-maker Barry Callebaut’s research found that the market value for organic chocolates currently stands at €30 million in Western Europe alone. This figure shows that the shifting consumer preference for chocolate ....