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Global Confectionery Market Analysis and Forecast

  The global   confectionery market   was valued at USD 298.23 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2028. This growth is primarily driven by the expansion of the global food and beverage industry and the increasing per capita consumption of confectionery products. Additionally, consumer preferences for gifting confectionery items, rising disposable incomes, and accelerated urbanization trends around the world are significantly contributing to the market’s expansion. Product innovation, along with continuous improvements in product development and visually appealing packaging, are also boosting demand—particularly in emerging economies where changing lifestyles and growing middle-class populations are fueling interest in such products. These factors are collectively reinforcing a favorable environment for market growth. Shifting consumer behaviors and evolving dietary preferences are playing a crucial role in...

Confectionery Market size is expected to reach USD 401.54 billion by 2028

  Confectionery Industry Overview 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. Moreover, consumers’ inclination toward gifting these products coupled with rising disposable income and rapid urbanization across the globe are the major driving factors of the market. In addition, the continuous development and attractive packaging increase the demand for confectionery products in emerging economies.   Gather more insights about the market drivers, restrains and growth of the Global Confectionery Market   Continuous changing consumer behavior and dietary habit are propelling the growth of the market. The growing trends toward consumers buying confectionery products made with natural ingred...