According to a new report, published by KBV research, The Global Confectionery Market size is expected to reach $338.2 billion by 2030, rising at a market growth of 4.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 40,066.7 Kilo Tonnes experiencing a growth of 5.1% (2019-2022).
The Offline segment led the Global Confectionery Market, by Distribution Channel in 2022; thereby, achieving a market value of $240.8 billion by 2030. Shopping for confectionery in physical stores allows customers to touch, feel, and see the products firsthand. This sensory experience can be enjoyable and help customers make informed choices based on appearance, packaging, and freshness. Offline channels provide instant access to confectionery products. Customers can buy and enjoy their favorite treats immediately without waiting for shipping or delivery times associated with online purchases.
The Chocolate segment is growing at a CAGR of 4.2 % during the forecast period. The chocolate industry continually introduces new flavors, combinations, and innovative products, catering to various tastes and preferences. This diversity attracts consumers and maintains interest. Changes in income levels and economic growth in certain regions can increase disposable income, allowing people to spend more on luxury items like premium chocolates.
The Europe region dominated the Global Confectionery Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $117.1 billion by 2030. The Asia Pacific region is anticipated to grow CAGR of 5.4% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 4.4% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/confectionery-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Mars, Inc., Nestle S.A, Mondelez International, Inc., Ferrero Group, Lindt & Sprungli AG, The Hershey Company (Hershey Trust Company), Meiji Holdings Co., Ltd., Lotte Corporation, Delfi Limited and Ezaki Glico Co., Ltd
By Distribution Channel (Volume, Kilo Tonnes, Revenue, USD Billion/Million, 2019-30)
By Product Type (Volume, Kilo Tonnes, Revenue, USD Billion/Million, 2019-30)
By Geography (Volume, Kilo Tonnes, Revenue, USD Billion/Million, 2019-30)
Companies Profiled
Unique Offerings 
