The Confectionery Market report segments the industry into Confections (Chocolate, Gums, Snack Bar, Sugar Confectionery), Distribution Channel (Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others) and Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Get five years of historical data and five-year forecasts.

The confectionery market is projected to be valued at USD 324.7 billion in 2025 and is anticipated to grow to USD 605.8 billion by 2035, registering a compound annual growth rate (CAGR) of 6.2% over the forecast period.

Attributes	Description
Estimated Business Size (2025)	USD 324.7 billion
Projected Business Value (2035)	USD 605.8 billion
Value-based CAGR (2025 to 2035)	6.2%

Semi-Annual Demand Space Update

Particular	Value CAGR
H1 (2024 to 2034)	5.8%
H2 (2024 to 2034)	6.0%
H1 (2025 to 2035)	6.3%
H2 (2025 to 2035)	6.6%

Country-wise Insights

Countries	CAGR (2025 to 2025)
Germany	4.4%
UK	6.5%
USA	3.1%
China	7.5%
Japan	3.2%

The Sugar Confectionery Market report segments the industry into Confectionery Variant (Hard Candy, Lollipops, Mints, Pastilles, Gummies, and Jellies, Toffees and Nougats, Others), Distribution Channel (Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others), and Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Get five years of historical data along with five-year forecasts.

Global confectionery market worth at USD 223.64 Billion in 2024, is expected to surpass USD 332.96 Billion by 2034, with a CAGR of 4.06% from 2025 to 2034.

Confectionery Market Outlook

The global confectionery market size was valued at USD 205 billion in 2023 and is projected to reach approximately USD 280 billion by 2032, growing at a CAGR of 3.5% during the forecast period. The market is driven by factors such as increasing disposable incomes, growing urbanization, and the rising trend of gifting confectionery products on various festive occasions. Additionally, the innovation and variety in product offerings, such as sugar-free, vegan, and organic confectioneries, are contributing significantly to market growth.

A major growth factor in the confectionery market is the increasing consumer preference for premium and healthier confectionery options. As consumers become more health-conscious, there is a growing demand for products that offer better nutritional value without compromising taste. This shift has prompted manufacturers to introduce low-calorie, sugar-free, and functional confectioneries that appeal to health-conscious individuals. Moreover, the rising popularity of organic and natural ingredients in confectionery products is providing further impetus to market growth, as consumers seek out products that align with their health and wellness goals.

Another significant growth driver is the expansion of the retail sector, particularly in emerging economies. The proliferation of supermarkets, hypermarkets, and convenience stores in countries such as China, India, and Brazil has made confectionery products more accessible to a broader consumer base. Additionally, the increasing penetration of online retail channels has enabled consumers to purchase confectionery products conveniently from the comfort of their homes. E-commerce platforms often offer a wider variety of products and attractive discounts, which further encourages consumers to opt for online purchases.

Innovation in product development is also a critical factor propelling the growth of the confectionery market. Manufacturers are continuously experimenting with new flavors, textures, and packaging to attract consumers. Limited edition products and seasonal flavors have become popular strategies to create buzz and drive sales. Moreover, collaborations with popular brands and endorsements by celebrities are being used to enhance brand visibility and appeal to a younger demographic. The introduction of novel ingredients and the emphasis on unique sensory experiences are likely to sustain consumer interest and drive market expansion.

Confectionery Decorative Elements have become an integral part of the confectionery industry, adding an aesthetic appeal that enhances the consumer experience. These decorative elements, ranging from intricate sugar designs to edible glitter, play a crucial role in differentiating products and attracting consumers. As the demand for personalized and visually appealing confectionery products grows, manufacturers are increasingly incorporating decorative elements into their offerings. This trend is particularly evident in the premium segment, where consumers are willing to pay a premium for products that not only taste good but also look exquisite. The use of confectionery decorative elements is not limited to professional bakers; home bakers and hobbyists also seek these products to create visually stunning desserts for special occasions.

From a regional perspective, the Asia Pacific region is anticipated to witness substantial growth during the forecast period. Factors such as the growing middle-class population, increasing disposable incomes, and the influence of Western consumption patterns are contributing to the rising demand for confectionery products in this region. North America and Europe also represent significant markets due to high consumption rates and the presence of established market players. However, market growth in these regions is expected to be relatively slower compared to the dynamic markets in Asia Pacific and Latin America.

Product Type Analysis

The confectionery market can be segmented by product type into chocolate confectionery, sugar confectionery, gums, and others. Chocolate confectionery holds a substantial share of the market, driven by the high demand for various chocolate products, including bars, pralines, and truffles. The widespread popularity of chocolate, supported by its versatile nature and ability to be combined with variou

Confectionery Product Market Outlook

The global confectionery product market size was valued at approximately $210 billion in 2023 and is projected to reach around $310 billion by 2032, growing at a CAGR of 4.5% during the forecast period. This significant growth is driven by several key factors, including rising disposable incomes, increasing urbanization, and the continuous innovation in confectionery products aimed at fulfilling diverse consumer preferences.

One of the primary growth factors in the confectionery product market is the rising disposable income worldwide. With increasing purchasing power, consumers are more willing to spend on premium and indulgent products, including chocolates, candies, and other confectioneries. This trend is particularly evident in emerging economies where the middle class is expanding rapidly. As more households achieve higher income levels, their expenditure on luxury food items, such as confectioneries, also increases, fueling market growth.

Another significant factor contributing to the growth of the confectionery product market is the innovation in product offerings. Manufacturers are continuously striving to introduce new flavors, healthier options, and unique packaging to attract a wider consumer base. For instance, the demand for sugar-free and organic confectionery products has surged as health-conscious consumers seek healthier alternatives. Moreover, the trend of gifting chocolates and other confectioneries during festive seasons and special occasions has led to increased sales, further propelling market growth.

Additionally, urbanization plays a crucial role in expanding the confectionery product market. As more people move to urban areas, they are exposed to a wider variety of food products, including confectioneries. Urban centers often have a higher concentration of retail stores, supermarkets, and gourmet shops, making it easier for consumers to access a diverse range of confectionery products. Furthermore, the fast-paced urban lifestyle drives the demand for convenient and on-the-go snacks, including confectioneries, which boosts the market's expansion.

Confectionery Glaze is an essential component in the confectionery industry, often used to provide a glossy finish to candies and chocolates. This glaze not only enhances the visual appeal of confectionery products but also serves as a protective layer, helping to preserve freshness and extend shelf life. The use of confectionery glaze is particularly popular in premium products where presentation is key to attracting consumers. As the demand for high-quality and aesthetically pleasing confectionery items continues to rise, the role of confectionery glaze becomes increasingly significant. Manufacturers are exploring innovative formulations of glazes, including those that are vegan and free from artificial additives, to cater to the growing segment of health-conscious consumers.

From a regional perspective, the Asia Pacific region is expected to witness the highest growth in the confectionery product market. The region's burgeoning population, coupled with rising income levels and changing consumer preferences, makes it a lucrative market for confectionery manufacturers. North America and Europe also hold significant market shares owing to their established retail infrastructure and strong demand for premium confectionery products. Latin America and the Middle East & Africa are emerging markets with considerable potential for growth, driven by increasing consumer awareness and expanding retail sectors.

Product Type Analysis

The confectionery product market is segmented by product type into Chocolate Confectionery, Sugar Confectionery, Gums & Jellies, and Others. Among these, chocolate confectionery holds a dominant position due to its widespread popularity across all age groups. The demand for chocolate products, including dark, milk, and white chocolates, continues to soar owing to their indulgent taste and perceived health benefits, particularly those associated with dark chocolate, such as antioxidant properties.

Sugar confectionery, which includes candies, toffees, and hard candies, is another significant segment within the confectionery market. This segment benefits from the continuous innovation in flavors and the introduction of novelty products that appeal to children and adults alike. Seasonal and festive demand also plays a crucial role in boosting sales within this cat

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Confectionery Market Size 2025-2029

The confectionery market size is forecast to increase by USD 71 billion, at a CAGR of 4.6% between 2024 and 2029.

The market is characterized by a diverse range of products in novel flavors, driving consumer preference and repeat purchases. This trend is fueled by the increasing demand for innovative and unique confectionery items, as consumers seek to differentiate their sweet treats. However, the rise of online retailing poses a significant challenge for market players, as they grapple with the complexities of managing logistics and ensuring the timely delivery of perishable confectionery products. Furthermore, supply chain disruptions, including raw material availability and price fluctuations, pose a persistent challenge in the confectionery sector.
Companies must navigate these challenges by implementing robust supply chain strategies, leveraging technology for efficient order fulfillment, and collaborating with logistics partners to ensure timely and cost-effective delivery. To capitalize on the market's growth opportunities, players must focus on innovation, quality, and customer experience, while addressing the challenges of online retailing and supply chain complexities.

What will be the Size of the Confectionery Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, with dynamic market dynamics shaping its various sectors. Quality control is a top priority for entities, ensuring the highest standards in their offerings. E-commerce platforms have become essential, catering to consumer preferences for convenience and bulk packaging. New product launches, driven by emerging consumer trends, are a constant in the market. Organic ingredients and ethical sourcing are increasingly important, as are gluten-free options and sugar-free confectionery. Hard candy and chocolate bars remain popular, with innovation in production processes leading to new textures and flavors. Pricing strategies vary, with cost optimization and profit margins a key consideration.

Global market share is influenced by brand positioning and consumer demographics. Allergen management and food safety regulations are critical for retailers, from specialty stores to convenience stores. Seasonal demand and brand loyalty are essential factors in inventory management. Automated packaging and digital marketing are transforming the industry, with social media platforms playing a significant role in advertising strategies. Sustainability practices and fair trade are increasingly important to consumers, driving import/export regulations and distribution channels. Consumer insights and supply chain management are crucial for entities to stay competitive. Ingredient sourcing and inventory management are ongoing challenges, with pricing strategies and profit margins a constant consideration.

Product innovation and customer preferences continue to shape the market, with fruit snacks, gummy candy, jelly beans, and chewing gum among the many options available. The market is a complex and ever-changing landscape, with entities adapting to consumer trends and evolving market patterns. From cocoa powder to chocolate truffles, the industry continues to offer a wide range of delicious and innovative products.

How is this Confectionery Industry segmented?

The confectionery industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Distribution Channel

  Offline
  Online


Product

  Chocolate
  Sugar confectionery
  Gums


Age Group

  Adults
  Children
  Geriatric


Price

  Economy
  Mid-range
  Luxury


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    The Netherlands
    UK


  APAC

    China
    India
    Japan


  Rest of World (ROW)

.

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant trends and dynamics, with various entities shaping its growth. New product launches catering to dietary restrictions, such as vegan options and gluten-free choices, continue to emerge. Bulk packaging and online retailers are gaining popularity, offering convenience to consumers. Sustainability practices, including automated packaging and ethical sourcing, are increasingly important. Chocolate syrup and retail packaging innovations are enhancing the consumer experience. Cost optimization through import/export regulations and inventory management is a key focus for manufacturers. Marketing campaigns and social media marketing are essent

The Africa Confectionery Market report segments the industry into Confections (Chocolate, Gums, Snack Bar, Sugar Confectionery), Distribution Channel (Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others), and Country (Egypt, Nigeria, South Africa, Rest of Africa). Includes five years of historical insights and detailed five-year forecasts for each segment.

United States confectionery market size reached USD 39.9 Billion in ​2024​. Looking forward, IMARC Group expects the market to reach USD 54.1 Billion by ​2033​, exhibiting a growth rate (CAGR) of 3.46% during 2025-2033. The introduction of numerous flavors, textures, and portion sizes by key players to cater to diverse palates and the inflating popularity of premium packaging are primarily driving the market growth.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 39.9 Billion
Market Forecast in 2033	USD 54.1 Billion
Market Growth Rate 2025-2033	3.46%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on product type, age group, price point, and distribution channel.

The Latin America confectionery market is being aided by the growing Brazil retail confectionery market, which stood at a value of USD 8.16 Billion in 2024. The market is expected to grow at a CAGR of 1.50% in the forecast period of 2025-2034 reaching a value of USD 9.47 Billion by 2034.

The UK Confectionery Market is segmented by Confections (Chocolate, Gums, Snack Bar, Sugar Confectionery) and by Distribution Channel (Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others). Market Value in USD and Volume are both presented. Key data points observed include market segmental split by confections, confectionery variant, sugar content, and distribution channel.

The confectionery industry is a dynamic sector that caters to diverse tastes and preferences. This article explores the industry's innovative nature, key factors influencing it, and the rise of premium and artisanal products. It also discusses health concerns, sustainability, and the competitive landscape, highlighting the industry's resilience and adaptability.

According to Cognitive Market Research, the global Sugar Confectionery market size will be USD 1954.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 781.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 586.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 449.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 97.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 39.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.
The Hard-boiled Sweets Product Type category is the fastest growing segment of the Sugar Confectionery industry

Market Dynamics of Sugar Confectionery Market

Key Drivers for Sugar Confectionery Market

Urbanization and Lifestyle Changes to Boost Market Growth

The rapid urbanization, particularly in developing economies, has significantly fueled the demand for sugar confectionery. By 2022, the global urban population was estimated to have reached 56.9%. This figure is generally higher in developed regions, where 79.7% of the population resided in urban areas in 2022, compared to 52.3% in developing countries. In Least Developed Countries (LDCs), only 35.8% of people live in urban areas, making urban dwellers a minority. Over the past decade, urbanization has been especially pronounced in developing economies, with Asia and Oceania experiencing an increase from 44.0% in 2012 to 50.6% in 2022, while Africa saw a 4.6 percentage point rise during the same period. Today, around 56% of the world’s population, approximately 4.4 billion people, live in cities. This trend is expected to continue, with the urban population projected to more than double by 2050, at which point nearly 70% of people will reside in cities. Urban dwellers often lead busier lifestyles, increasing the demand for convenient, on-the-go snacks like candies and chewing gums, which drives further growth in the sugar confectionery market.

Snacking as a New Eating Trend to Drive Market Growth

Snacking between meals is increasingly becoming a global trend, particularly among younger consumers. Snacking continues to be a daily habit for many, with 71% of consumers globally snacking at least twice a day. Those under the age of 35 are significantly more likely to snack throughout the day compared to individuals aged 65 and older. Younger consumers are over twice as likely to snack in the late morning or early afternoon, and six times more likely in the early morning, and ten times more likely late at night. Notably, 37% of them snack after 11 p.m. Sugar confectionery items like hard candies, jelly sweets, and gummies are popular choices due to their variety and convenience, further driving demand as preferred snack options.

Restraint Factor for the Sugar Confectionery Market

Volatility in Raw Material Prices Will Limit Market Growth

The sugar confectionery market is highly dependent on the cost and availability of raw materials, particularly sugar. Sugar prices are volatile and can fluctuate due to several factors such as changing weather conditions, crop failures, trade restrictions, and changes in demand from other industries (e.g., biofuel production). High sugar prices increase the production costs for confectionery manufacturers, which can lead to higher retail prices and reduced demand from cost-conscious consumers. Apart from sugar, other ingredients like cocoa, dairy, and various flavoring agents are essential for producing confectionery products. The prices of these commodities can also be volatile due to supply chain disruptions, climate change, and geopolitical factors, further impacting profit margins for manufacturers. This challenge is particularly significant for premium confectionery brands that rely on high-quality raw materials.

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US Confectionery Market Size 2025-2029

The US confectionery market size is forecast to increase by USD 13.5 billion at a CAGR of 4.7% between 2024 and 2029.

The Confectionery Market in the US is witnessing significant growth, driven by the increasing demand for sweet treats, particularly during seasonal occasions. A notable trend in the market is the rising preference for medicated confectionery, which caters to consumers seeking health benefits from their indulgences. However, the market faces challenges from the fluctuation in prices of raw materials, such as sugar and cocoa, which can impact profitability for manufacturers. Regulatory hurdles also pose a challenge, as stringent food safety regulations necessitate compliance with rigorous standards, increasing production costs. Marshmallows, cookies, ice cream, and sugar confectionery continue to be popular choices, but organic chocolate and other functional, vegan, and gluten-free varieties are on the rise.
To capitalize on market opportunities and navigate these challenges effectively, companies must focus on innovation, such as developing healthier confectionery options, and implementing efficient supply chain strategies to mitigate the impact of raw material price fluctuations. Additionally, strategic partnerships and collaborations can help companies stay competitive and adapt to evolving consumer preferences.

What will be the size of the US Confectionery Market during the forecast period?

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The US confectionery market showcases a rich tapestry of innovation and tradition, with various segments captivating consumers' palates and imaginations. Artisanal confectioners continue to push boundaries in confectionery art, creating visually stunning edibles that delight at special occasions. Gluten-free and Vegan Confectionery cater to dietary preferences, while chocolate tours offer experiences into the heritage and craft of chocolate making. Personalized gifts and corporate gifting segments leverage technology, with personalized confectionery and augmented reality packaging adding a modern twist. Small-batch confectionery and artisan confectionery thrive on the trend towards natural ingredients and authentic experiences. Subscription boxes and online ordering streamline access to an array of offerings, from edible packaging to sugar reduction options.
Confectionery blogging, design, vlogging, and museums inspire creativity, while candy making classes and chocolate sculptures fuel the passion for this beloved industry. Confectionery Influencers and Social Media platforms fuel the spread of trends and innovations, making the US Confectionery Market a dynamic and ever-evolving landscape. Retailing space, including casino supermarkets, convenience stores, and online retailing platforms, are also crucial for the distribution of confectionery products.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Distribution Channel

  Offline
  Online


Product

  Chocolate
  Sugar confectionery
  Gums


Type

  Conventional
  Organic


Geography

  North America

    US

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period. The confectionery market in the US is marked by various trends and dynamics. Pricing strategies play a crucial role in the industry, with manufacturers implementing different tactics to cater to consumer preferences and remain competitive. The Confectionery Association of the United States and other industry bodies advocate for regulations and food safety standards to ensure product quality and consumer safety. Seasonal confectionery, such as holiday and jelly beans, continues to be popular, while sustainability initiatives and ethical sourcing of ingredients gain traction. Sugar consumption remains a concern, leading to the growth of sugar-free and organic confectionery options. In the market, companies employ various advertising campaigns and social media marketing to promote their offerings, which include marshmallows, cookies, ice cream, organic chocolate, and sugar confectionery.

Distribution channels, including retail strategies and bulk sales, continue to evolve to meet consumer demands. In the offline segment, supermarkets and hypermarkets are the primary distribution channels for confectionery products due to the growth of the organized retail sector. Convenience stores also play a significant role, catering to impulsive purchases. The retail industry closely monitors consumer research, industry trends, and health concerns to adapt to changing market dynamics. As a result, health and nutrition confectionery items, such as gluten-free food products,

The sugar confectionery market is estimated to be valued at USD 57.99 billion in 2025 and is projected to reach USD 89.21 billion by 2035, expanding at a CAGR of 4.4% during the assessment period.

Metrics	Values
Industry Size (2025E)	USD 57.99 billion
Industry Value (2035F)	USD 89.21 billion
CAGR (2025 to 2035)	4.4%

Semi-Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	4.2%
H2 (2024 to 2034)	4.5%
H1 (2025 to 2035)	4.3%
H2 (2025 to 2035)	4.6%

Segment-wise Analysis

Segment	Value Share (2025)
Gums & Jellies (By Product Type)	27%

Segment	Value Share (2025)
Offline Stores (By Distribution Channel)	63%

Country-wise Analysis

Countries	CAGR (2025 to 2035)
USA	3.5%
UK	3.0%
France	2.7%
Germany	2.8%
Italy	2.6%
South Korea	4.2%
Japan	2.5%
China	5%
Australia	3.2%
New Zealand	3.1%

Competitive Outlook

Company Name	Estimated Market Share (%)
Meiji	20-24%
Morinaga	16-20%
Lotte	12-16%
Cargill, Incorporated	10-14%
Tate & Lyle PLC	8-12%
Other Companies (Combined)	25-35%

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Chocolate Confectionery Market Size 2024-2028

The chocolate confectionery market size is forecast to increase by USD 31 billion at a CAGR of 4.36% between 2023 and 2028.

The market is experiencing significant growth, driven by the frequent product launches and packaging innovations in the industry. Consumers' increasing preference for premium and artisanal chocolate products, coupled with the expanding retail presence of these offerings, is fueling market expansion. However, the market faces challenges, including the rise in the number of product recalls due to contamination issues. These incidents can negatively impact brand reputation and consumer trust, necessitating stringent quality control measures. To capitalize on market opportunities and navigate challenges effectively, companies must prioritize product safety, invest in research and development for innovative offerings, and adopt sustainable and ethical sourcing practices. By staying abreast of consumer trends and market dynamics, chocolate confectionery players can position themselves for long-term success in this dynamic and competitive market.

What will be the Size of the Chocolate Confectionery Market during the forecast period?

Request Free SampleThe market experiences growth, fueled by consumers' enduring affection for premium quality chocolate products. Global chocolate consumption continues to rise, driven by the popularity of both mainstream and luxury indulgence offerings. Premium confectionery products, including milk mousse and creamy caramel, capture a significant market share due to their rich sensorial appeal. Health-conscious consumers seek out chocolate with label claims such as organic, sustainably sourced, and dark chocolate varieties, reflecting the trend towards healthy eating lifestyles. Exotic spices, floral notes, unexpected textures, and rare cocoa varieties add to the market's dynamic nature, catering to the diverse tastes of chocolate lovers. Artisanal chocolates, with their distinct flavor combinations, further expand the market landscape, offering a unique and luxurious experience.

How is this Chocolate Confectionery Industry segmented?

The chocolate confectionery industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ProductChocolate barsBoxed assortments and seasonal variantsOthersDistribution ChannelOfflineOnlineGeographyEuropeGermanyUKNorth AmericaUSAPACChinaIndiaSouth AmericaMiddle East and Africa

By Product Insights

The chocolate bars segment is estimated to witness significant growth during the forecast period.The market is expected to grow steadily, with chocolate bars remaining the largest segment in 2023 and beyond. This segment includes countlines and molded bars. Countlines consist of individually wrapped, chocolate-coated bars, while molded bars are small chocolate pieces cut from larger blocks. Major brands such as Snickers, Milky Bar, Milka, Galaxy, 5 Star, Dove, and Cadbury Dairy Milk dominate the chocolate bars market. Innovative chocolate flavors and textures, as well as attractive packaging, are key growth drivers. Consumer preferences for premium quality products, including dark chocolate confectionery with health benefits, are influencing market trends. Peanut butter, milk mousse, creamy caramel, and other gourmet flavors are gaining popularity. Healthy eating lifestyles have led to the demand for sugar reduction, low-calorie, and sugar-free chocolate snacks. Premium chocolate brands, artisanal chocolates, and organic and sustainably sourced chocolate are also on the rise. Consumer packs, added sugar content, and seasonal treats are other market trends. Consumers' preferences for high-quality, gourmet chocolate products, visual appeal, and innovative varieties continue to shape the market.

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The Chocolate bars segment was valued at USD 50.50 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 33% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The European the market is driven by the demand for premium quality products, particularly in the UK, Germany, France, Switzerland, Italy, Russia, the Netherlands, Poland, Belgium, and Spain. Major players in this market include Mars, Mondelez International, Barry Callebaut, Nestle, Ferrero, and Chocoladefabriken Lindt and Sprungli AG. The market is highly competitive, with a variety of offerings from both regional

The Confectionery Market is expected to grow at a CAGR of 7.7% during the forecast period 2024-2031

Confectionery Market is projected to reach USD 453.64 billion by 2033, growing at a CAGR of 5.72% from 2025-2033.

Discover the latest market trends and forecasts for the global confectionery market from 2024 to 2035. With increasing demand driving consumption, the market is expected to see steady growth in volume and value.

The Asia Pacific Confectionery Market report segments the industry into Confections (Chocolate, Gums, Snack Bar, Sugar Confectionery), Distribution Channel (Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others), and Country (Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, South Korea, Rest of Asia-Pacific). Five years of historical data and five-year forecasts included.