Confectionery Market Report by Product Type (Hard-boiled Sweets, Mints, Gums and Jellies, Chocolate, Caramels and Toffees, Medicated Confectionery, Fine Bakery Wares, and Others), Age Group (Children, Adult, Geriatric), Price Point (Economy, Mid-range, Luxury), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Pharmaceutical and Drug Stores, Online Stores, and Others), and Region 2024-2032

Confectionery Market Report by Product Type (Hard-boiled Sweets, Mints, Gums and Jellies, Chocolate, Caramels and Toffees, Medicated Confectionery, Fine Bakery Wares, and Others), Age Group (Children, Adult, Geriatric), Price Point (Economy, Mid-range, Luxury), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Pharmaceutical and Drug Stores, Online Stores, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A4306
Buy Now

Market Overview:

The global confectionery market size reached US$ 192.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 256.1 Billion by 2032, exhibiting a growth rate (CAGR) of 3.1% during 2024-2032. The shifting consumer preferences, innovative product offerings, expanding retail channels, and the incorporation of health-conscious and premium options are some of the major factors propelling the market.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 192.2 Billion
Market Forecast in 2032
US$ 256.1 Billion
Market Growth Rate 2024-2032 3.1%


Confectionery refers to a diverse category of food items, typically sweet in nature, crafted with skillful artistry. It encompasses an array of sugary delights, such as candies, chocolates, pastries, and other sugary treats. Confectionery products are often enjoyed as desserts, snacks, or special gifts and are created through a combination of culinary expertise and creativity. These delectable creations can range from intricately designed cakes to simple yet satisfying candies. Confectionery holds a universal appeal, bringing joy and sweetness to various occasions and celebrations while showcasing the harmonious fusion of culinary mastery and imaginative craftsmanship.

Global Confectionery Market Report

The shifting consumer preferences towards indulgent and convenient snacks, coupled with increasing disposable incomes, represents the key factor influencing the global confectionery market growth. Furthermore, the rise in disposable income levels across regions has led to increased spending on convenience foods, including confectionery products, contributing to the market's growth. Concurrent with this, innovative product launches encompassing diverse flavors, premium ingredients, and functional benefits are attracting consumer attention, creating a positive outlook for market expansion. Moreover, the increasing prevalence of gifting confectionery items on various occasions also contributes to sustained demand. Besides this, the introduction of healthy product variants with reduced sugar content and natural ingredients in response to emerging health-conscious trends is strengthening the market growth. Additionally, the expansion of retail channels, including online platforms, enhancing product accessibility is acting as another significant growth-inducing factor.

Confectionery Market Trends/Drivers:

Shifting consumer preferences

The global confectionery market is significantly influenced by changing consumer preferences, which are not only driven by convenience and indulgence but also by an expanding range of dietary and cultural considerations. Consumers are seeking convenient and indulgent snacks that provide instant gratification, a trend amplified by the demands of busy lifestyles, urbanization, and the desire for on-the-go treats. Confectionery products align perfectly with these evolving needs, offering an extensive array of flavors, textures, and portion sizes to cater to diverse palates. Moreover, the confectionery industry has responded to the growing demand for dietary inclusivity, introducing options that cater to various dietary limitation, such as gluten-free, vegan, and allergen-free alternatives. This is presenting remunerative opportunities for market expansion.

Innovative product offerings

Manufacturers are focused on creating enticing flavors and increasingly conscious of health and sustainability concerns. They are consistently introducing novel products that resonate with consumers' evolving tastes and preferences. This innovation involves experimenting with diverse ingredients and flavor combinations and placing emphasis on clean labels, transparency, and ethical sourcing. The incorporation of functional benefits, such as added vitamins, minerals, and natural ingredients that promote wellness, is propelling the market forward. Moreover, the introduction of premium and artisanal options has revolutionized the confectionery landscape, catering to a growing segment of consumers seeking unique and indulgent experiences. These offerings often come with intricate packaging, showcasing the craftsmanship involved and tapping into the consumer's desire for visual and gustatory delight.

Expanding retail channels

The global confectionery market benefits from a dynamic interplay of various retail channels that cater to diverse consumer preferences and shopping behaviors. While traditional retail avenues such as supermarkets, convenience stores, and specialty shops maintain their importance in product distribution, the landscape has evolved significantly with the rapid rise of e-commerce. Online platforms have not only introduced convenience into consumers' lives by enabling them to purchase confectionery items from the comfort of their homes but have also transformed how manufacturers engage with their audiences. The shift to e-commerce has granted manufacturers access to a wealth of consumer data, allowing for more personalized and targeted marketing efforts. Additionally, the virtual space provides a platform for innovative and interactive marketing strategies, such as immersive website experiences, social media campaigns, and influencer collaborations, enabling brands to connect directly with their audience and cultivate brand loyalty.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

Confectionery Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global confectionery market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on product type, age group, price point and distribution channel.

Breakup by Product Type:

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

  • Hard-boiled Sweets
  • Mints
  • Gums and Jellies
  • Chocolate
  • Caramels and Toffees
  • Medicated Confectionery
  • Fine Bakery Wares
  • Others
     

Chocolate dominates the market

The report has provided a detailed breakup and analysis of the market based on the product type. This includes hard-boiled sweets, mints, gums and jellies, chocolate, caramels and toffees, medicated confectionery, fine bakery wares, and others. According to the report, chocolate represented the largest segment.

The surging demand for chocolate, mainly propelled by its versatility as an ingredient in various confectionery and culinary applications, is contributing to the growth of the global confectionery market. Besides this, the increasing demand for chocolate products such as bars and candies and its growing integration into baked goods, beverages, and desserts is expanding its consumption horizons, creating a positive outlook for market expansion. Moreover, its ability to evoke indulgence, coupled with the perception of chocolate as a mood-enhancing treat, adds to its allure. In addition to this, the emergence of premium and artisanal chocolate offerings has captivated discerning consumers, further bolstering the demand for chocolate products.

Breakup by Age Group:

  • Children
  • Adult
  • Geriatric
     

Adult holds the largest share in the market

A detailed breakup and analysis of the market based on the age group has also been provided in the report. This includes children, adult, and geriatric. According to the report, adult accounted for the largest market share.

The increasing demand for confectionery products among consumers, particularly adults, on account of evolving consumer preferences that prioritize experiences and nostalgia is presenting remunerative opportunities for market expansion. Adults are seeking moments of indulgence and stress relief, turning to confectionery as a source of comfort and pleasure. Concurrent with this, the expansion of confectionery options that cater to health-conscious consumers, such as products with reduced sugar content or natural ingredients, has broadened the appeal to adults looking for balanced treats, aiding in market expansion. Furthermore, the gifting culture, where confectionery items are often exchanged on special occasions, also contributes to the sustained demand among adults.

Breakup by Price Point:

  • Economy
  • Mid-range
  • Luxury
     

Economy dominates the market

A detailed breakup and analysis of the market based on the price point has also been provided in the report. This includes economy, mid-range, and luxury. According to the report, economy accounted for the largest market share.

The pursuit of affordability without compromising on taste or enjoyment among individuals is impelling the demand for economic confectionery products. As consumers remain budget-conscious, particularly in times of economic uncertainty, they seek confectionery options that offer value for money. This demand is further fueled by the availability of cost-effective private-label brands and economy-sized packaging, providing consumers with accessible choices that align with their financial considerations. The ability to enjoy familiar treats without straining their wallets contributes to the sustained popularity of economical confectionery products.

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Pharmaceutical and Drug Stores
  • Online Stores
  • Others
     

Supermarkets and hypermarkets hold the largest share in the market

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes supermarkets and hypermarkets, convenience stores, pharmaceutical and drug stores, online stores, and others. According to the report, supermarkets and hypermarkets represented the largest segment.

The convenience and wide product assortment in supermarkets and hypermarkets have led to an upsurge in sales of confectionery products through these retail channels offer. Consumers value the one-stop shopping experience that these large-format stores provide, where they can easily access a diverse range of confectionery options alongside other household needs. In line with this, the ability to browse various brands, flavors, and formats in a single location enhances the appeal of these channels. Additionally, promotional activities and displays within supermarkets and hypermarkets attract impulse purchases, further boosting the growth of the global confectionery market.

Breakup by Region:

 

 
 

 

To get more information on the regional analysis of this market, Request Sample

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Europe exhibits a clear dominance, accounting for the largest confectionery market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe accounted for the largest market share.

Europe's strong cultural heritage of indulgence and appreciation for fine foods has fostered a robust demand for confectionery products. Besides this, the rise of health consciousness has prompted manufacturers to innovate by introducing options with reduced sugar content, natural ingredients, and portion-controlled packaging, catering to evolving consumer expectations. Moreover, Europe's diverse consumer base has also driven the demand for premium and artisanal confectionery, appealing to those seeking unique and high-quality treats. In addition to this, the expansion of online retail platforms has facilitated greater accessibility and convenience for consumers, enabling them to explore and purchase a wide variety of confectionery products. Through a combination of tradition, innovation, and accessibility, the Europe confectionery market is well-positioned for sustained growth.

Competitive Landscape:

The competitive landscape of the global confectionery market is characterized by intense rivalry among established multinational corporations and a growing number of regional players. Leading companies dominate the market, leveraging their extensive distribution networks, brand recognition, and product diversification. The industry giants engage in continuous product innovation, investing in research and development to introduce new flavors, healthier alternatives, and premium offerings that resonate with evolving consumer preferences. Moreover, the market's competitive dynamics are influenced by smaller players focusing on niche segments such as organic, artisanal, or ethically-sourced confectionery, appealing to consumers seeking unique and socially responsible options. E-commerce has also disrupted the landscape, enabling direct-to-consumer sales and fostering competition from digitally native brands. Price competition, promotional activities, and strategic partnerships with retailers further shape the industry's competitive environment.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • 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

Recent Developments:

  • In December 2022, Ferrero Group and Wells Enterprises announced an agreement for Ferrero to acquire Wells, its operations, and its strong ice cream brands, which include Blue Bunny®, Blue Ribbon Classics®, Bomb Pop® and Halo Top®.
  • In May 2022, HERSHEY - Lily's unveiled its latest offerings, the Lily's Sweet Fruity Gummy Bear Friends and the Lily's Tart and Tasty Sour Gummy Worms, crafted without sugar for the mindful snacking regimen.
  • In January 2022, Cadbury, a Mondelez brand, unveiled an innovative Twist Wrap packaging solution for its Duos product line. This clever packaging enables customers to enjoy a portion of the snack and then conveniently twist and seal the remaining package for later consumption.

Confectionery Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Product Type
  • Age Group
  • Price Point
  • Distribution Channel
  • Region
Product Types Covered Hard-Boiled Sweets, Mints, Gums and Jellies, Chocolate, Caramels and Toffees, Medicated Confectionery, Fine Bakery Wares, Others
Age Groups Covered Children, Adult, Geriatric
Price Points Covered Economy, Mid-Range, Luxury
Distribution Channels Covered Supermarkets And Hypermarkets, Convenience Stores, Pharmaceutical and Drug Stores, Online Stores, Others
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the confectionery market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global confectionery market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the confectionery industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global confectionery market was valued at US$ 192.2 Billion in 2023.

We expect the global confectionery market to exhibit a CAGR of 3.1% during 2024-2032.

The rising demand for healthy, sustainable, and clean-label confectionery items, along with the introduction of gluten-free and organic product variants with no additives and preservatives and reduced allergens, is primarily driving the global confectionery market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of confectionery-based products.

Based on the product type, the global confectionery market has been divided into hard-boiled sweets, mints, gums and jellies, chocolate, caramels and toffees, medicated confectionery, fine bakery wares, and others. Among these, chocolate currently exhibits a clear dominance in the market.

Based on the age group, the global confectionery market can be categorized into children, adult, and geriatric. Currently, adult accounts for the majority of the global market share.

Based on the price point, the global confectionery market has been segregated into economy, mid-range, and luxury. Among these, economy currently exhibits a clear dominance in the market.

Based on the distribution channel, the global confectionery market can be bifurcated into supermarkets and hypermarkets, convenience stores, pharmaceutical and drug stores, online stores, and others. Currently, supermarkets and hypermarkets hold the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.

Some of the major players in the global confectionery market include 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, and The Kraft Heinz Company.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Confectionery Market Report by Product Type (Hard-boiled Sweets, Mints, Gums and Jellies, Chocolate, Caramels and Toffees, Medicated Confectionery, Fine Bakery Wares, and Others), Age Group (Children, Adult, Geriatric), Price Point (Economy, Mid-range, Luxury), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Pharmaceutical and Drug Stores, Online Stores, and Others), and Region 2024-2032
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More