Confectionery Market Size Share Trends Growth And Prices 2030 Key market insights. the global confectionery market size was usd 206.97 billion in 2023 and is projected to grow from usd 213.74 billion in 2024 to usd 278.36 billion by 2032 at a cagr of 3.36% over the 2024 2032 period. europe dominated the confectionery market with a market share of 38.38% in 2023. the global impact of covid 19 has been. Growth of the e commerce sector: the growth of the e commerce sector can provide the necessary boost for the global confectionery market growth since the current era is dependent on technology and has an increasing growth of online retailing. confectionaries have opted for e commerce since it has been proven efficient and profitable to conduct e commerce when compared to other forms of commerce.
Global Confectionery Industry Size Trends And Challenges The global confectionery market size was valued at usd 298.23 billion in 2021 and is projected to expand at a compound annual growth rate (cagr) of 4.3% from 2022 to 2028. the growing food and beverage industry across the globe and the rising per capita consumption of these products are expected to promote market growth. Global confectionery market outlook. the global confectionery market reached a value of about usd 229.48 billion in 2023. the industry is further expected to grow at a cagr of about 3.8% in the forecast period of 2024 2032 to reach a value of around usd 322.66 billion by 2032. read more about this report request free sample copy in pdf. The global confectionery market is expected to reach usd 203.67 billion in 2024 and grow at a cagr of 5.48% to reach usd 280.56 billion by 2030. ferrero international sa, mars incorporated, mondelēz international inc., nestlé sa and the hershey company are the major companies operating in the market. Report overview. the global confectionery market was valued at $210.3 billion in 2019, and is projected to reach $270.5 billion by 2027, registering a cagr of 3.6%. in 2019, the chocolate segment accounted for the highest confectionery market share. confections refer to food items that are rich in sugar and carbohydrates.
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