Indulge in a world of delectable delights with our in-depth analysis of the Confectionery Market. Discover the latest trends, innovative flavors, and industry insights that are shaping the sweet treats industry. From classics to exotic creations, embark on a flavorful journey with us.
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The confectionery market size was $187 billion in 2022. The market is expected to record a CAGR of more than 6% during 2022-2027. Healthy confectionery has become more popular as consumers are seeking guilt-free indulgence. This has pushed companies to innovate and reformulate their products to suit these consumers’ needs. Furthermore, consumers’ interest in the use of healthier ingredients has led to the launch of products with no trans fats and low/zero-sugar claims along with healthy/nutritional ingredients.
The key regions in the confectionery market are Asia-Pacific, Western Europe, Eastern Europe, the Americas, and the Middle East and Africa. In 2022, the Americas segment accounted for the largest revenues in the confectionery market. The sector’s growth is primarily attributed to household consumption among consumers in the US increasing by 9.76% in 2022. This motivated consumers to opt for confectionery products that generally have novel ingredients and flavors and premium prices.
