The Global Market for Confectioneries is Projected to Reach US$269.8 Billion by 2024
Rising Consumer Preference for Healthy and Functional Confectionery to Support Growth in the Global Confectioneries Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Confectioneries market. The global market for Confectioneries is projected to reach US$269.8 billion by 2024 , driven by product premiumization and roll-out of innovative products including healthy, low-calorie and functional confectionery variants, coupled with growing penetration in developing markets with low-per capita consumption levels. Encompassing products from sugar candies, gums, and lozenges, to appealing compositions of premium dark chocolates, confectionery represents an important part of the packaged foods sector. New formats, product innovations, brand-extensions, co-branding, larger umbrella brands with multi domestic branding strateg...