Opportunities in the Global Confectionery Sector 2024

The global confectionery sector was valued at $196.9 billion in 2023 and is projected to reach $244 billion in 2028, at a CAGR of 4.4%. The sector’s volume reached 14.6 billion kg in 2023 and is forecast to register a CAGR of 1.5% over 2023-28. In 2023, chocolate was the largest category in terms of value, with a share of 57.7%, followed by sugar confectionery with a 33.9% share. However, sugar confectionery cornered the largest volume share globally, at 49.2%, followed by chocolate at 46.3%. The top five companies in the global confectionery sector cornered a combined value share of 46.1% in 2023. The sector was led by Mars, which held a value share of 13.9%, followed by Mondelēz International, with 11.1%. Ferrero, The Hershey Company, and Nestlé were the other leading companies in the global confectionery sector in 2023. Private labels recorded a value share of 5%.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the global confectionery sector, analyzing data from 108 countries. It includes analysis of the following :

• Sector overview: Provides an overview of the current sector scenario in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-Asia-Pacific, Middle East and Africa (MEA), the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth factors, the latest developments, and future challenges for each region.
• Change in consumption: Provides an overview of consumption changes in the confectionery sector over 2018-28 at global and regional levels.
• High-potential countries: Provides risk-reward analysis of the top high-potential countries in each region based on market assessment, economic development, governance indicators, sociodemographic factors, and technological infrastructure.
• Country and regional analysis: Provides a deep-dive analysis of 10 high-potential countries covering value growth during 2023-28 and key trends. It also includes regional analysis covering the future outlook for each region.
• Competitive environment and brand shares: Provides an overview of the leading companies and brands at global and regional levels. Market shares of brands and private labels in each region are also detailed.
• Key distribution channels: Provides an analysis of the leading distribution channels in the global confectionery sector in 2023. It covers hypermarkets & supermarkets, convenience stores, food & drinks specialists, e-retailers, cash & carries and warehouse clubs, “dollar stores”, variety stores & general merchandise retailers, department stores, vending machines, drugstores & pharmacies, and other retail channels.
• Packaging analysis: The report provides percentage share (in 2023) and growth rate analysis (during 2018-28) for various pack materials, pack types, closures, and primary outer types based on volume sales of confectionery.

Reasons to Buy

• Manufacturers and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the confectionery sector.
• The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances.
• The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion.
• To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.