PUBLISHER: MarketLine | PRODUCT CODE: 1815926
PUBLISHER: MarketLine | PRODUCT CODE: 1815926
Global Confectionery industry profile provides top-line qualitative and quantitative summary information including: market share, Market size (value and volume , and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Market.
Confectionery market includes retail sales of chocolate, sugar confectionery, and gum products. Chocolate segment includes all chocolatebased products, including boxed chocolates, chocolate countlines, chocolate straightlines, molded bars and novelties. Sugar confectionery segment includes caramels and toffees, gums and jellies, hard boiled sweets, liquorice, lollipops, medicated confectionery and mints. Gum segment covers all bubble and chewing gum. The market is valued according to retail selling price (RSP) and includes any applicable taxes.
By distribution channel, the market is segmented into independent stores, convenience stores, supermarkets, food & drinks specialists, and others. The scope of others includes ecommerce, hypermarkets, discounters, cash & carries, drug stores & pharmacies, dollar stores, variety stores & general merchandise retailers, vending machines, warehouse clubs, department stores, etc.
All market data and forecasts are based on nominal prices and all currency conversions used in the creation of this report have been calculated using yearly annual average exchange rates. The USD values may show a declining trend for few countries such as Argentina, Turkey, Nigeria, Egypt, and Russia. This is primarily because of the impact of exchange rates considered.
The global confectionery market recorded revenues of $213,316.1 million in 2024, representing a compound annual growth rate (CAGR) of 2.8% between 2019-24.
Market consumption volume increased with a CAGR of 0.3% between 2019-24, reaching a total of 14,264.9 million kilograms in 2024.
The moderate growth of the global confectionery market during 2019-24 can be attributed to the dual impact of shifting consumer health preferences and the economic disruptions caused by the COVID19 pandemic.