Revenue in the Confectionery segment amounts to US$1.05tn in 2022. The market is expected to grow annually by 4.84% (CAGR 2022-2027).
In global comparison, most revenue is generated in the United States (US$186.50bn in 2022).
In relation to total population figures, per person revenues of US$138.40 are generated in 2022.
In the Confectionery segment, volume is expected to amount to 139,901.6mkg by 2027. The Confectionery segment is expected to show a volume growth of 1.2% in 2023.
The average volume per person in the Confectionery segment is expected to amount to 17.1kg in 2022.
Confectionery is defined as foods with a relatively high sugar content. The Confectionery segment contains chocolate and chocolate products, sugar confectionery (such as chewing gum and sweets), ice cream, and preserved pastry goods and cakes. This segment does not include spreads containing cocoa and jams (see: Spreads segment).