The global confectionery market , valued at USD 198.2 billion in 2024, is projected to reach USD 266.0 billion by 2033, growing at a CAGR of 2.99% from 2025 to 2033. This market expansion is driven by factors such as shifting consumer preferences, increased disposable incomes, and a rising demand for innovative and healthier confectionery options. The growing urbanization and enhanced distribution networks, particularly online platforms, also play a key role in boosting market growth.STUDY ASSUMPTION YEARS:
• BASE YEAR: 2024
• HISTORICAL YEAR: 2019-2024
• FORECAST YEAR: 2025-2033
CONFECTIONERY MARKET KEY TAKEAWAYS:
• The confectionery market is projected to reach USD 266.0 billion by 2033, with a growth rate of 2.99%.
• Increasing consumer demand for premium and sugar-free products is fueling market expansion.
• The rise in online shopping platforms has broadened consumer access and choice.
• The trend of sustainable and vegan confectionery options is gaining traction.
• Europe leads the market, with strong consumer loyalty in countries like Germany and the UK.
• Innovations in product formulations and packaging are creating personalized experiences for consumers.
• Emerging markets are becoming significant players in driving market revenue.
Key Players:
• Chocoladefabriken Lindt & Sprüngli AG
• Crown Confectionery
• Ezaki Glico Co. Ltd.
• Ferrero International S.A.
• HARIBO GmbH & Co. KG
• Mars Incorporated
• Meiji Holdings Co. Ltd
• Mondelez International Inc.
• Nestle S.A.
• Parle Products Pvt. Ltd
• The Hershey Company
• The Kraft Heinz Company, etc.
Request Sample For PDF Report: https://www.imarcgroup.com/confectionery-market/requestsample