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...