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 ResearchAndMarkets.com’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

For more information about this report visit https://www.researchandmarkets.com/r/vdr52p

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SOURCE Research and Markets