Global Confectionery Market to Surge by USD 64.69 Billion, Fueled by Diverse Product Offerings and Shift Towards Online Retail ? Industry Analysis and Growth Forecast for 2023-2028

DUBLIN, March 4, 2024 /PRNewswire/ — The “Global Confectionery Market 2024-2028” report has been added to’s offering.

The global confectionery market is anticipated to experience substantial growth between 2023 and 2028, with projections indicating a boost of USD 64.69 billion, and a compound annual growth rate (CAGR) of 4.94%. This growth is propelled by a variety of factors including innovative product diversity, increased consumer purchasing power, and the rapid pace of urbanization paired with fast-paced lifestyles.

The market’s expansion is comprehensively analyzed by product type, distribution channel, and geographical regions.

Detailed insights reveal significant growth in the following segments:

By Distribution Channel

  • Offline retail
  • Online retail

By Product

  • Chocolate
  • Sugar confectionery
  • Gums

By Geographical Landscape

  • Europe
  • North America
  • Asia Pacific (APAC)
  • South America
  • Middle East and Africa

The study pinpoints the escalating traction of online retailing as a notable driver fostering the market’s advance over the next few years. Together with the burgeoning appetite for organic chocolate and the broadening appeal of sugar-free confectionery products, the sector is poised for considerable uptake.

Key Highlights of The Confectionery Market Report:

  • Comprehensive sizing and forecasts of the market
  • Thorough industry analysis and market trends
  • Insightful data synthesis and market summation
  • Extensive review of market influencers, such as pricing and competition
  • Strategic insights to aid companies in market positioning and growth optimization
  • Notable market opportunities outlined through qualitative and quantitative research

The market analysis is founded on a balanced mix of primary and secondary information which includes contributions from pivotal industry participants. The data is reliable, wide-ranging, and the result of in-depth research. This research enables stakeholders to strategically chart their market trajectory and take advantage of rising market opportunities. The report furnishes enterprises with a competitive edge by offering an elaborate vendor landscape and analyzing the key market vendors.

With this insightful confectionery industry report, businesses and decision-makers can now better navigate the complex market dynamics and trends, fine-tuning their strategies to maximize growth potential in the forthcoming years.

For organizations seeking to remain competitive and forward-looking within the confectionery sector, this market analysis is an invaluable asset, providing a complete picture of the market landscape and forecasted growth.

Companies Profiled

  • Barry Callebaut AG
  • Arcor Group
  • Crown Confectionery Co. Ltd
  • Chocoladefabriken Lindt and Sprungli AG
  • Delfi Ltd.
  • Ezaki Glico Co. Ltd.
  • Ferrero International S.A.
  • Foleys Candies LP
  • Fuji Oil Co. Ltd.
  • HARIBO GmbH and Co. KG
  • Mars Inc.
  • Meiji Holdings Co. Ltd.
  • Mondelez International Inc.
  • Nestle SA
  • Parle Products Pvt. Ltd.
  • Perfetti Van Melle Group BV
  • The Hershey Co.
  • Unilever PLC
  • United Confectionery Sdn Bhd
  • Yildiz Holding AS

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SOURCE Research and Markets

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