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 global confectionery market size was USD 314.22 billion in 2024 & is projected to grow from USD 326.48 billion in 2025 to USD 443.38 billion by 2033.
Report Scope:

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.

Semi-Annual Demand Space Update

Country-wise Insights

This statistic shows the sales of the confectionery market worldwide in 2016, by segment. In that year, chocolate generated **** billion U.S. dollars in sales globally.

In 2025, Mars Incorporated was the world’s second leading confectionery company, with generated sales of around 36 billion U.S. dollars. While the company is known for its candy and chocolate brands, Mars also focuses on pet care products and affordable meals. Mondelēz International outperformed Mars in 2025. Both companies sales values include items beyond confectionery. Americans favorite chocolate and candy bar brands In 2025, many brands of chocolate and candy were consumed in the United States, the favorite confectionery brands of the year were Reese’s and Hershey's. About 63 percent of survey respondents identified the two brands as brands they bought in the past three months. Butterfinger ranked third. A Swiss brand on the other side of the Atlantic Ranked among the favorite candy bar and chocolate brands of Americans is one Swiss brand. Lindt, or Chocoladefabriken Lindt & Sprüngli AG with its full name, was bought by 41 percent of Americans in the last three months. However, the brand is known to almost three quarters of Americans who eat candy bars and chocolate. For the Swiss brand, there is still room left to expand its customer base.

The global sugar confectionery market is a substantial and dynamic sector, exhibiting consistent growth driven by several key factors. The market's size, while not explicitly stated, can be reasonably inferred to be in the billions of dollars based on the presence of numerous multinational corporations and a substantial CAGR (Compound Annual Growth Rate). The high CAGR suggests robust expansion fueled by increasing disposable incomes in developing economies, a growing preference for convenient and indulgent snacks, and the continued innovation in product offerings, encompassing healthier options and unique flavors to cater to evolving consumer preferences. Major market drivers include the rising popularity of chocolate confectionery, gummy candies, and hard candies, particularly amongst younger demographics. However, the market faces certain restraints, including growing health concerns related to sugar consumption leading to increased demand for sugar-reduced or sugar-free alternatives, stringent government regulations on sugar content in food products, and fluctuating raw material prices (e.g., sugar, cocoa, dairy). Market segmentation likely includes various product types (chocolate, hard candies, gummies, etc.), distribution channels (retail, online, food service), and geographic regions. The competitive landscape is intensely competitive, with established multinational players like Mars, Nestlé, and Ferrero dominating market share alongside regional and local brands. The forecast period (2025-2033) suggests continued market expansion, although the rate of growth may moderate slightly due to the aforementioned restraints. Companies are likely responding to consumer demand for healthier options by introducing products with reduced sugar content, natural sweeteners, or functional ingredients. Further growth will depend on successful product diversification, effective marketing strategies targeting specific consumer segments, and strategic mergers and acquisitions to consolidate market share. Regional variations in growth will be influenced by factors such as economic development, cultural preferences for confectionery, and regulatory environments. The ongoing emphasis on sustainability and ethical sourcing of ingredients will also play a significant role in shaping the market's future trajectory. Analyzing trends in each segment and region will provide a granular view of market opportunities for players. Recent developments include: July 2023: HARIBO® officially began gummi production at its first-ever North American manufacturing facility, located in Pleasant Prairie, Wis. The brand-new, state-of-the-art factory was created to meet the growing demand by US consumers of the beloved gummi brand, which produces over 25 varieties of gummi treats in the US and more than 1,200 types globally.June 2023: Tic Tac launched a new spearmint flavor variant in India. The introduction of this refreshing and strong mint variant is aimed at meeting the longstanding demand for a flavor that can be enjoyed in diverse moments throughout the day, such as after meals, workouts, and before important meetings.May 2023: Mondelēz International Inc. opened its new Global Research & Development (R&D) Innovation Center in Whippany, New Jersey. The state-of-the-art facility, which is supported by an investment of nearly USD 50 million, includes pilot and scale-up capability for cookies, crackers, and candy.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The Global Candy & Chocolate Manufacturing industry has seen considerable changes in recent years, driven by overarching consumer trends and shifting market dynamics. As a multi-billion-dollar industry, it has adeptly responded to evolving tastes, health concerns and sustainability demands. Recent indicators show strong growth, propelled by innovation and a sharper focus on consumer preferences. Despite economic uncertainties and supply chain disruptions, the industry has maintained momentum, with significant companies quickly adapting to changing market conditions. Industry-wide revenue has shrunk at a CAGR of 3.9% to $368.4 billion over the five years to 2025, including an estimated 7.5% jump in 2025 alone, when profit is set to climb to 8.3%. Over the past five years, several key trends have shaped the industry. Sustainability has emerged as a crucial focus, with manufacturers heavily investing in eco-friendly practices and ethical sourcing to meet the growing consumer demand for products that benefit personal health and the planet. Health consciousness has led to a significant rise in the production of low-sugar, organic and functional chocolates. The growth of e-commerce and direct-to-consumer sales, accelerated by the COVID-19 pandemic, has revolutionized how these products are marketed and distributed. Also, pursuing novel flavors has introduced bold and exotic options, appealing to adventurous consumers and driving excitement in the market. Looking forward, the next five years promise continued dynamism in the Global Candy & Chocolate Manufacturing industry. Sustainability efforts are expected to intensify, with more brands committing to zero-waste production and transparent supply chains. Health trends spur innovation, resulting in a broader range of guilt-free indulgences catering to various dietary needs. Digital sales channels will continue to expand, offering enhanced customer engagement through personalized and interactive online experiences. Flavor innovation will remain a key driver, with artisanal and craft chocolates taking the spotlight. As the industry evolves, businesses that can seamlessly integrate these trends into their operations will thrive in an increasingly competitive landscape. Overall, industry revenue is forecast to dip at a CAGR of 1.7% to $338.8 billion over the five years to 2030.

Confectionery Market is expected to be worth around USD 413.3 Billion by 2034, up from USD 287.4 Billion by 2024, growing at a CAGR of 3.7%

Global Confectionery Market valued at USD 620 billion, driven by demand for premium, health-conscious products and e-commerce growth, with key segments like chocolate and retail consumers leading.

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

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.

According to Cognitive Market Research, the global Confectionery Product market size is USD 208614.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.0% 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 83445.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 62584.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 47981.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 10430.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% 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 4172.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The Load-based ASRS held the highest Confectionery Product market revenue share in 2024.

Market Dynamics of Confectionery Product Market

Key Drivers for Confectionery Product Market

Indulgence and Emotional Connection to Increase the Demand Globally

Candy and chocolate provide more than just a candy taste; they function as indulgent partners in moments of stress and celebration alike. Their charm lies now not only within the sugary rush they provide but also inside the emotional connection they foster. Whether it's a piece of chocolate melting on the tongue on a difficult day or sharing a container of goodies with cherished ones to mark a joyous occasion, those treats symbolize consolation and joy. Their capability to awaken nostalgia, cause endorphins, and create shared studies makes them cherished indulgences that cross past mere consumption, intertwining with our feelings and reminiscences.

Product Innovation to Propel Market Growth

Innovation fuels the confectionery industry, with manufacturers perpetually crafting novel flavors, textures, and formats to captivate evolving purchaser tastes. This relentless pursuit of novelty not only maintains the market dynamic but also cultivates a feeling of anticipation amongst consumers. From uncommon fruit-infused candies to playful gummy variations, every new creation gives a clean sensory enjoyment, engaging each unswerving consumer and curious newcomer. Moreover, innovation serves as a gateway to discover cultural impacts and dietary developments, ensuring that confectionery stays relevant and appealing in an ever-changing landscape. By staying at the vanguard of creativity, manufacturers not only effectively fulfill cutting-edge needs but also spark excitement, constantly increasing the candy realm of opportunities.

Restraint Factor for the Confectionery Product Market

Health Concerns to Limit the Sales

The rising attention surrounding fitness problems, inclusive of weight problems and diabetes, has brought about a shift in purchaser conduct, with a few people opting to reduce their consumption of sugary treats. In response, confectionery manufacturers are increasingly introducing sugar-free and healthier alternatives to cater to this developing demand. These services frequently make use of opportunity sweeteners, herbal ingredients, and decreased calorie formulations, imparting consumers with guilt-unfastened indulgence options. By adapting to changing fitness issues, manufacturers no longer address the evolving wishes of health-conscious clients but also exhibit a commitment to selling average well-being. This fashion toward healthier confectionery alternatives displays a broader industry effort to stabilize leisure with health considerations, ensuring that everybody can partake in the pleasure of sweet treats responsibly.

Impact of Covid-19 on the Confectionery Product Market

The confectionery product market experienced full-size impacts because of COVID-19. While initial panic buying caused a transient surge in sales, prolonged lockdowns and financial uncertainties later dampened patron spending. Closure of shops, disrupted delivery chains, and shifting patron priorities similarly exacerbated the demanding situations. However, amid those hurdles, on line income surged...

For the third consecutive year, the global confectionery market recorded growth in sales value, which increased by 12% to $371.7B in 2024. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2024; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Explore the forecasted growth of the global confectionery market from 2024 to 2035, with an estimated increase in market volume to 85M tons and market value to $397.1B by the end of 2035.

The confectionery packaging market is projected to grow from USD 12.4 billion in 2025 to USD 19.1 billion by 2035, registering a CAGR of 4.4% during the forecast period. Sales in 2024 reached USD 11.8 billion.

Country-wise Outlook - Confectionery Packaging Market

The United States was the biggest market for the retail sales of confectionery products worldwide in 2022. The market was estimated to be worth around **** billion U.S. dollars. China, as the second-biggest market, saw retail sales of approximately **** billion U.S. dollars. All the leading ten markets grew from 2021 to 2022.

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

The global confectionery market is expected to see continued growth over the next six years, driven by increasing demand worldwide. With a projected CAGR of +2.2% in volume and +4.4% in value from 2024 to 2030, the market is anticipated to reach 86 million tons and $422.8 billion respectively by the end of 2030.

Global confectionery market analysis for 2024-2035: Market projected to reach 91M tons by 2035 with +1.3% CAGR, valued at $473.6B with +2.2% CAGR. China leads consumption while Germany dominates exports.

This statistic depicts the sales per region of the global confectionery market in 2016, by type. In that year, Western Europe generated **** billion U.S. dollars worth of chocolate sales and **** billion U.S. dollars worth of sugar sales.