Global Confectionery Market Report 2023: Market to Reach $229.3 Billion by 2028 from $185.5 Billion in 2022 Fueled by Shifting Consumer Preferences, Innovative Offerings, and Expanding Retail Channels - ResearchAndMarkets.com
Looking forward, the market is expected to reach US$ 229.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.60% during 2022-2028.
- Looking forward, the market is expected to reach US$ 229.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.60% during 2022-2028.
- The shifting consumer preferences, innovative product offerings, expanding retail channels, and the incorporation of health-conscious and premium options are some of the major factors propelling the market.
- The shifting consumer preferences towards indulgent and convenient snacks, coupled with increasing disposable incomes, represents the key factor influencing the global confectionery market growth.
- The global confectionery market benefits from a dynamic interplay of various retail channels that cater to diverse consumer preferences and shopping behaviors.