GITNUX MARKETDATA REPORT 2024

Confectionery Industry Statistics

The confectionery industry statistics encompass data on production, sales, consumption, and market trends of various sweets and treats.

With sources from: grandviewresearch.com, mordorintelligence.com, researchandmarkets.com, bccresearch.com and many more

Statistic 1

The global confectionery market is projected to reach $285 billion by 2028.

Statistic 2

The seasonal confectionery market contributes nearly 30% of annual sales.

Statistic 3

Sugar-free confectionery products have seen a 23% increase in demand over the past five years.

Statistic 4

Functional confectionery, which includes products with added health benefits, is growing at an 8% CAGR.

Statistic 5

The U.S. accounts for approximately $37 billion in annual confectionery sales.

Statistic 6

Snacking trends have led to a 12% increase in sales of smaller, portion-controlled confectionery products.

Statistic 7

North America holds around 28% of the global confectionery market.

Statistic 8

Dark chocolate demand is increasing due to its perceived health benefits, contributing to 16% of total chocolate sales.

Statistic 9

40% of global confectionery sales come from developing markets.

Statistic 10

The sugar confectionery market is expected to grow at a CAGR of 3.5% from 2021 to 2026.

Statistic 11

The chocolate confectionery segment holds the largest market share of over 55%.

Statistic 12

The average consumer spends over $75 per year on confectionery products.

Statistic 13

Online retail channels are growing rapidly in the confectionery industry, accounting for over 10% of total sales.

Statistic 14

The demand for organic confectionery products is growing at an annual rate of 6.8%.

Statistic 15

Asia-Pacific is expected to witness the highest CAGR of 5.2% in the confectionery market.

Statistic 16

Branding and ethical sourcing are significant factors for 60% of consumers when choosing confectionery.

Statistic 17

Sustainable and eco-friendly packaging in confectionery is growing, with a CAGR of 7%.

Statistic 18

Mars, Incorporated is the leading company in the confectionery industry, with annual sales exceeding $18 billion.

Statistic 19

Plant-based confectionery alternatives are growing, with a forecasted CAGR of 10% over the next decade.

Statistic 20

Europe is the largest regional market for confectionery products, accounting for 35% of total sales.

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In this post, we explore key statistics shaping the confectionery industry, providing a comprehensive overview of market trends and consumer behaviors. From the projected global market value to the rise of sugar-free and functional products, these statistics shed light on the evolving landscape of confectionery consumption worldwide.

Statistic 1

"The global confectionery market is projected to reach $285 billion by 2028."

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Statistic 2

"The seasonal confectionery market contributes nearly 30% of annual sales."

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Statistic 3

"Sugar-free confectionery products have seen a 23% increase in demand over the past five years."

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Statistic 4

"Functional confectionery, which includes products with added health benefits, is growing at an 8% CAGR."

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Statistic 5

"The U.S. accounts for approximately $37 billion in annual confectionery sales."

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Statistic 6

"Snacking trends have led to a 12% increase in sales of smaller, portion-controlled confectionery products."

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Statistic 7

"North America holds around 28% of the global confectionery market."

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Statistic 8

"Dark chocolate demand is increasing due to its perceived health benefits, contributing to 16% of total chocolate sales."

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Statistic 9

"40% of global confectionery sales come from developing markets."

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Statistic 10

"The sugar confectionery market is expected to grow at a CAGR of 3.5% from 2021 to 2026."

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Statistic 11

"The chocolate confectionery segment holds the largest market share of over 55%."

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Statistic 12

"The average consumer spends over $75 per year on confectionery products."

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Statistic 13

"Online retail channels are growing rapidly in the confectionery industry, accounting for over 10% of total sales."

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Statistic 14

"The demand for organic confectionery products is growing at an annual rate of 6.8%."

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Statistic 15

"Asia-Pacific is expected to witness the highest CAGR of 5.2% in the confectionery market."

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Statistic 16

"Branding and ethical sourcing are significant factors for 60% of consumers when choosing confectionery."

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Statistic 17

"Sustainable and eco-friendly packaging in confectionery is growing, with a CAGR of 7%."

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Statistic 18

"Mars, Incorporated is the leading company in the confectionery industry, with annual sales exceeding $18 billion."

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Statistic 19

"Plant-based confectionery alternatives are growing, with a forecasted CAGR of 10% over the next decade."

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Statistic 20

"Europe is the largest regional market for confectionery products, accounting for 35% of total sales."

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Interpretation

The confectionery industry is experiencing significant growth and evolution driven by various trends and consumer preferences. Key statistics reveal a promising future for the market, with projections indicating substantial increases in global sales, particularly in segments like sugar-free and functional confectionery. The market landscape is diverse, with different regions playing significant roles, from the U.S. as a major revenue contributor to Asia-Pacific expected to witness the highest growth rate. Consumer behavior is also shifting towards healthier options, driving demand for products like dark chocolate and organic alternatives. As industry players adapt to changing preferences, emphasize branding, sustainability, and innovation, they are poised to capitalize on the expanding market opportunities, creating a dynamic and competitive landscape for confectionery companies worldwide.

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