Confectionery Product Market size is estimated to be USD 202.1 Billion in 2024 and is expected to reach USD 305.4 Billion by 2033 at a CAGR of 4.6% from 2026 to 2033.
In 2022, the global confectionery market was valued at approximately $187 billion, with a projected compound annual growth rate (CAGR) of 6.8% from 2022 to 2027, aiming to reach around $259.4 billion by 2027. Europe led the market, accounting for over 35% of the global share in 2021, driven by the increasing popularity of chocolate confectionery products and a rising preference for organic and value added natural ingredient products. The Asia Pacific region is anticipated to experience the fastest growth, with a projected CAGR of 5.0% from 2022 to 2028. This growth is fueled by a burgeoning middle class population, increasing disposable incomes, and rapid urbanization, particularly in countries like China, India, and Japan. North America also holds a significant market share, with the U.S. market projected to reach $36.09 billion by 2032, driven by consumer willingness to spend on artisanal confectionery products and emerging production facilities in the region.
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Nestle
DeMet’s Candy
Mondeléz
Mars
Ferrara Candy
Arcor
August Storck
Yildiz
Grupo Bimbo
Hershey
Ferrero
Meiji
Perfetti Van Melle
Haribo
Lindt & Sprüngli
Storck
Orion
General Mills
United Confectioners
LOTTE Confectionery
Morinaga
Glico
Crown Confectionery
Cloetta
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Confectionery Product Market
Chocolate Confectionery
Hard Candy
Gummy Candy
Chewing Gum
Snack Bars
Marshmallows
Everyday Consumption
Seasonal or Holiday Consumption
Special Occasions & Gifting
Impulse Buying
Organic
Non-GMO
Vegan
Dietary-Specific (e.g. Sugar-Free, Gluten-Free)
Natural Flavors and Colors
Supermarkets/Hypermarkets
Online Retailers
Convenience Stores
Discount Stores
Specialty Stores
Children
Teenagers
Young Adults
Families
Health-Conscious Consumers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Confectionery Product Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Confectionery Product Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Confectionery Product Market, By Type
6. Global Confectionery Product Market, By Application
7. Global Confectionery Product Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Confectionery Product Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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