PUBLISHER: MarketLine | PRODUCT CODE: 1635329
PUBLISHER: MarketLine | PRODUCT CODE: 1635329
Global Confectionery industry profile provides top-line qualitative and quantitative summary information including: market share, Market size (value and volume , and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Market.
The confectionery market consists of the retail sale of chocolate, gum and sugar confectionery products. The chocolate segment consists of all chocolate based products, including boxed chocolates, chocolate countlines, chocolate straightlines, molded bars and novelties. The gum segment consists of all bubble and chewing gum. Moreover, the sugar confectionery products consists of hard boiled sweets, mints, caramels & toffees, gums and jellies, marshmallows, fudges and medicated throat lozenges. The market is valued according to retail selling price (RSP) and includes any applicable taxes. Any currency conversions used in the creation of this report have been calculated using constant 2023 annual average exchange rates.
The global Confectionery market had total revenues of $201,010.4 million in 2023, representing a compound annual growth rate (CAGR) of 5.1% between 2018 and 2023.
Market consumption volume increased with a CAGR of 0.8% between 2018 and 2023, to reach a total of 14,798.3 million kilograms in 2023.
The performance of the market is forecast to accelerate, with an anticipated CAGR of 6.4% for the five-year period 2023-2028, which is expected to drive the market to a value of $273,826.5 million by the end of 2028.