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Confectionery Market: By Product Type, By Price Point, By Age Group, By Distribution Channel and Geography
Confectionery Market size was valued at US$ 195.1 billion in 2023, It is expected to reach a value of US$ 245.6 billion by 2030, growing at a CAGR of 3.9% from 2024 to 2030. The global market provides a detailed overview of the market, and that has been segmented into product type, price point, age group, and distribution channel. By Product Type, the market has been segmented into Caramels and Toffees, Chocolate, Fine Bakery Wares, Gums & Jellies, Hard-boiled Sweets, and Medicated Confectionery, Mints, and Others. The Chocolate segment is likely to be the largest and fastest-growing segment in product type. Based on price point, the confectionery is segmented into Economy, Luxury, and Mid-Range. The Economy segment is expected to register the fastest growth rate during 2022-2028. Based on age group, the market is segmented into Adults, Children, and Geriatric. The Adult segment is the dominant segment in the forecast period. Based on the distribution channel, the market is segmented into Convenience Stores, Duty-free Outlets, E-commerce, Food Services, Pharmaceutical & Drug Stores, Supermarket/Hypermarket, and Others. According to precision business insights, supermarkets/Hypermarkets are predicted to hold the largest market share in the forecast period.
Study Period
2024-2030Base Year
2023CAGR
3.9%Largest Market
North-AmericaFastest Growing Market
Europe
The expanding global food and beverage industry and increased per capita consumption of these products will drive market expansion. Furthermore, the market's primary driving factors include customers' tendency to gift these products, increased disposable income, and global urbanization.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 195.1 billion |
Market Size in 2030 |
US$ 245.6 billion |
Market CAGR |
3.9% |
By Product Type |
|
By Price Point |
|
By Distribution Channel |
|
By Region |
|
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Confectionery market size was valued at US$ 195.1 billion in 2023 and is projected to reach US$ 245.6 billion by 2030, growing at a CAGR of 3.9%.
The major players in the market are Mars, Incorporated, Mondelez International, Inc., Nestlé S.A., Ferrero Group, Meiji Co., Ltd., The Hershey Company, Chocoladefabriken Lindt & Sprüngli AG, Ezaki Glico Co., Ltd., Haribo GmbH & Co. K.G., and Pladis.
Europe is the fastest-growing region for market.
1. Executive Summary |
2. Global Confectionery Market Introduction |
2.1. Global Confectionery Market - Taxonomy |
2.2. Global Confectionery Market -Definitions |
2.2.1. By Product Type |
2.2.2. By Price Point |
2.2.3. By Age Group |
2.2.4. By Distribution Channel |
2.2.5. By Region |
3. Global Confectionery Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Confectionery Market Dynamic Factors - Impact Analysis |
3.6. Global Confectionery Market - Competition Landscape |
4. Global Confectionery Market Analysis, 2019-2023 and Forecast, 2024-2030 |
4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Confectionery Market, By Product Type, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.1. Caramels and Toffees |
5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Chocolate |
5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Fine Bakery Wares |
5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Gums & Jellies |
5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Hard-boiled Sweets |
5.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
5.6. Medicated Confectionery |
5.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.6.3. Market Opportunity Analysis |
5.7. Mints |
5.7.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.7.3. Market Opportunity Analysis |
5.8. Others |
5.8.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.8.3. Market Opportunity Analysis |
6. Global Confectionery Market, By Price Point, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.1. Economy |
6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Luxury |
6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Mid-Range |
6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
7. Global Confectionery Market, By Age Group, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.1. Adult |
7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Children |
7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Geriatric |
7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
8. Global Confectionery Market, By Distribution Channel, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.1. Convenience Stores |
8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Duty-free Outlets |
8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. E-commerce |
8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Food Services |
8.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Pharmaceutical & Drug Stores |
8.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Supermarket/Hypermarket |
8.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.6.3. Market Opportunity Analysis |
8.7. Others |
8.7.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.7.3. Market Opportunity Analysis |
9. Global Confectionery Market Forecast, By Region, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.1. North America |
9.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia-Pacific |
9.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Latin America |
9.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Middle East and Africa |
9.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
9.6. Global Confectionery Market - Opportunity Analysis Index, By Product Type, Price Point, Age Group, Distribution Channel, and Region, 2024-2030 |
10. North America Confectionery Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
10.1. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Caramels and Toffees |
10.1.2. Chocolate |
10.1.3. Fine Bakery Wares |
10.1.4. Gums & Jellies |
10.1.5. Hard-boiled Sweets |
10.1.6. Medicated Confectionery |
10.1.7. Mints |
10.1.8. Others |
10.2. Price Point Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.2.1. Economy |
10.2.2. Luxury |
10.2.3. Mid-Range |
10.3. Age Group Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.3.1. Adult |
10.3.2. Children |
10.3.3. Geriatric |
10.4. Distribution Channel Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.4.1. Convenience Stores |
10.4.2. Duty-free Outlets |
10.4.3. E-commerce |
10.4.4. Food Services |
10.4.5. Pharmaceutical & Drug Stores |
10.4.6. Supermarket/Hypermarket |
10.4.7. Others |
10.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.5.1. USA |
10.5.2. Canada |
10.6. North America Confectionery Market - Opportunity Analysis Index, By Product Type, Price Point, Age Group, Distribution Channel, and Country, 2024-2030 |
10.7. North America Confectionery Market Dynamics - Trends |
11. Europe Confectionery Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
11.1. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Caramels and Toffees |
11.1.2. Chocolate |
11.1.3. Fine Bakery Wares |
11.1.4. Gums & Jellies |
11.1.5. Hard-boiled Sweets |
11.1.6. Medicated Confectionery |
11.1.7. Mints |
11.1.8. Others |
11.2. Price Point Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.2.1. Economy |
11.2.2. Luxury |
11.2.3. Mid-Range |
11.3. Age Group Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Adult |
11.3.2. Children |
11.3.3. Geriatric |
11.4. Distribution Channel Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.4.1. Convenience Stores |
11.4.2. Duty-free Outlets |
11.4.3. E-commerce |
11.4.4. Food Services |
11.4.5. Pharmaceutical & Drug Stores |
11.4.6. Supermarket/Hypermarket |
11.4.7. Others |
11.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.5.1. Germany |
11.5.2. UK |
11.5.3. France |
11.5.4. Spain |
11.5.5. Italy |
11.5.6. Russia |
11.5.7. Rest of Europe |
11.6. Europe Confectionery Market - Opportunity Analysis Index, By Product Type, Price Point, Age Group, Distribution Channel, and Country, 2024-2030 |
11.7. Europe Confectionery Market Dynamics - Trends |
12. Asia-Pacific Confectionery Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
12.1. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Caramels and Toffees |
12.1.2. Chocolate |
12.1.3. Fine Bakery Wares |
12.1.4. Gums & Jellies |
12.1.5. Hard-boiled Sweets |
12.1.6. Medicated Confectionery |
12.1.7. Mints |
12.1.8. Others |
12.2. Price Point Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.2.1. Economy |
12.2.2. Luxury |
12.2.3. Mid-Range |
12.3. Age Group Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Adult |
12.3.2. Children |
12.3.3. Geriatric |
12.4. Distribution Channel Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Convenience Stores |
12.4.2. Duty-free Outlets |
12.4.3. E-commerce |
12.4.4. Food Services |
12.4.5. Pharmaceutical & Drug Stores |
12.4.6. Supermarket/Hypermarket |
12.4.7. Others |
12.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.5.1. China |
12.5.2. India |
12.5.3. Japan |
12.5.4. ASEAN |
12.5.5. Australia & New Zealand |
12.5.6. Rest of Asia-Pacific |
12.6. Asia-Pacific Confectionery Market - Opportunity Analysis Index, By Product Type, Price Point, Age Group, Distribution Channel, and Country, 2024-2030 |
12.7. Asia-Pacific Confectionery Market Dynamics - Trends |
13. Latin America Confectionery Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
13.1. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Caramels and Toffees |
13.1.2. Chocolate |
13.1.3. Fine Bakery Wares |
13.1.4. Gums & Jellies |
13.1.5. Hard-boiled Sweets |
13.1.6. Medicated Confectionery |
13.1.7. Mints |
13.1.8. Others |
13.2. Price Point Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.2.1. Economy |
13.2.2. Luxury |
13.2.3. Mid-Range |
13.3. Age Group Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.3.1. Adult |
13.3.2. Children |
13.3.3. Geriatric |
13.4. Distribution Channel Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Convenience Stores |
13.4.2. Duty-free Outlets |
13.4.3. E-commerce |
13.4.4. Food Services |
13.4.5. Pharmaceutical & Drug Stores |
13.4.6. Supermarket/Hypermarket |
13.4.7. Others |
13.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.5.1. Brazil |
13.5.2. Mexico |
13.5.3. Rest of Latin America |
13.6. Latin America Confectionery Market - Opportunity Analysis Index, By Product Type, Price Point, Age Group, Distribution Channel, and Country, 2024-2030 |
13.7. Latin America Confectionery Market Dynamics - Trends |
14. Middle East and Africa Confectionery Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
14.1. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.1.1. Caramels and Toffees |
14.1.2. Chocolate |
14.1.3. Fine Bakery Wares |
14.1.4. Gums & Jellies |
14.1.5. Hard-boiled Sweets |
14.1.6. Medicated Confectionery |
14.1.7. Mints |
14.1.8. Others |
14.2. Price Point Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.2.1. Economy |
14.2.2. Luxury |
14.2.3. Mid-Range |
14.3. Age Group Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.3.1. Adult |
14.3.2. Children |
14.3.3. Geriatric |
14.4. Distribution Channel Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.4.1. Convenience Stores |
14.4.2. Duty-free Outlets |
14.4.3. E-commerce |
14.4.4. Food Services |
14.4.5. Pharmaceutical & Drug Stores |
14.4.6. Supermarket/Hypermarket |
14.4.7. Others |
14.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
14.5.1. Gulf Cooperation Council (GCC) Countries |
14.5.2. South Africa |
14.5.3. Rest of MEA |
14.6. MEA Confectionery Market - Opportunity Analysis Index, By Product Type, Price Point, Age Group, Distribution Channel, and Country, 2024-2030 |
14.7. MEA Confectionery Market Dynamics - Trends |
15. Competition Landscape |
15.1. Strategic Dashboard of Top Market Players |
15.2. Company Profiles (Introduction, Financial Analysis, Key Offerings, Key Developments, Strategies, and SWOT Analysis) |
15.2.1. Mars, Incorporated |
15.2.2. Ferrero International S.A. |
15.2.3. Nestle S.A. |
15.2.4. Mondel?z International, Inc |
15.2.5. Meiji Holdings Co., Ltd. |
15.2.6. The Hershey Company |
15.2.7. Chocoladefabriken Lindt & Sprungli AG |
15.2.8. EZAKI GLICO CO.,LTD. |
15.2.9. HARIBO GmbH & Co. KG |
16. Research Methodology |
17. Key Assumptions and Acronyms |
Key Market Players