Confectioneries

Global Confectioneries Market to Reach US$419.0 Billion by 2030

The global market for Confectioneries estimated at US$312.8 Billion in the year 2024, is expected to reach US$419.0 Billion by 2030, growing at a CAGR of 5.0% over the analysis period 2024-2030. Chocolate, one of the segments analyzed in the report, is expected to record a 5.5% CAGR and reach US$226.7 Billion by the end of the analysis period. Growth in the Sugar Confectionery segment is estimated at 4.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$56.5 Billion While China is Forecast to Grow at 6.7% CAGR

The Confectioneries market in the U.S. is estimated at US$56.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$52.9 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.6% and 4.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Global Confectioneries Market - Key Trends & Drivers Summarized

Confectioneries, comprising a broad range of sweet products such as chocolates, candies, gums, and baked goods, hold a significant place in the global food and beverage market. These products are not only favored for their delightful taste but also play a crucial role in cultural and social practices, celebrations, and gifting traditions worldwide. Confectioneries are categorized into several types, including sugar confectionery (candies, gums), chocolate confectionery, and fine bakery wares. The industry is characterized by continuous innovation, with manufacturers constantly introducing new flavors, textures, and packaging to attract consumers and differentiate their offerings in a highly competitive market.

The confectionery market has evolved significantly with changing consumer preferences and lifestyles. Health-conscious consumers are increasingly seeking out products that offer indulgence without compromising on health, leading to a surge in demand for low-sugar, organic, and functional confectioneries that incorporate ingredients like fruits, nuts, and natural sweeteners. Additionally, the rise of e-commerce and digital marketing has transformed how confectioneries are marketed and sold, enabling brands to reach a wider audience and personalize their offerings. Seasonal and limited-edition products also drive market dynamics, as they create a sense of urgency and exclusivity, enticing consumers to make purchases.

The growth in the confectioneries market is driven by several factors. Firstly, the continuous innovation in product development, including the introduction of healthier and functional confectionery options, is meeting the evolving preferences of health-conscious consumers. Secondly, the expansion of e-commerce platforms and digital marketing strategies is enhancing the accessibility and visibility of confectionery products. Thirdly, the increasing demand for premium and artisanal confectioneries, driven by rising disposable incomes and a growing appreciation for high-quality ingredients, is boosting market growth. Lastly, the strong cultural significance of confectioneries in celebrations and gifting traditions ensures sustained demand across various regions and demographics. These factors collectively contribute to the robust growth of the confectioneries market.

SCOPE OF STUDY:

The report analyzes the Confectioneries market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Chocolate, Sugar Confectionery, Other Types); Distribution Channel (Offline, Online)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 672 Featured) -

• Atkins Nutritionals, Inc.
• Adelka AS
• Anastasia Confections, Inc.
• Arcor Group
• Asbach GmbH
• Adams & Brooks, Inc.
• Alter Eco
• Atkinson Candy Company
• ABTEY Chocolaterie SAS
• Alpezzi Chocolate
• Amrut International
• Arthemia Srl
• Aalst Chocolate Pte. Limited
• Aseli Trade GmbH
• Areadocks S.R.L.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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