The indicator is valued at the current exchange rate of the respective year versus the US$. Based on price point, the market is distributed into economy, mid-range, and luxury. Stay abreast of your interest areas. | Source: Statista, based on KPMG, Displayed is the top marginal tax rate. The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. The ""Average Revenue per Capita"" box shows the average market value of the selected market (market segment, region) per person in US dollars for each year. Pandemic disrupted the entire world and affected many industries. | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer price index (CPI) for a weighted basket of goods and services. The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the confectionery industry. The global confectionery market was valued at $210.3 billion in 2019, and is projected to reach $270.5 billion by 2027, registering a CAGR of 3.6%. | Source: Statista, based on OECD, The indicator shows as a result of surveys the assessment of businesses regarding their current and future production, orders and stocks in the form of an index that has the long term trend (=100) as its basis. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020. The market is expected to exhibit an incremental revenue opportunity of $60.1 billion from 2020 to 2027. The average per capita consumption stands at 97.1 kg in 2020. | Source: Statista, based on OECD, The indicator shows the share of unemployed people in the selected region, defined as persons without work that seek employment, as a percentage of the total labor force. The base year (100) has been set to 2017 for all countries, the base year of the input data may vary. Players, stakeholders, and other participants in the global Chocolate Confectionery market will be able to gain the upper hand as they use the report as a powerful resource. This has led to innovation in the field of confectionery that drives the market growth. Start reading instantly.This title and over 12,000+ are available on the Avenue Library. Likewise, a decline would indicate a deterioration of terms of trade that would put pressure on the country to export more goods to sustain the level of imports. The establishment of online portals for confectionery products especially in developing countries with large population using the internet boosts the market growth. This group inlcudes the purchase of vehicles, maintenenace of vehicles as well as transportation services. (n.d.). This report provides a historical overview, market dynamics, revenue, cost … ", Confectionery & Snacks - United States Statista, https://www.statista.com/outlook/40100000/109/confectionery-snacks/united-states (last visited December 03, 2020), A definition and detailed explanation of the displayed markets can be found, Number of individuals (all ages) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 0-4) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 5-9) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 10-14) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 15-19) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 20-24) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 25-29) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 30-34) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 35-39) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 40-44) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 45-49) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 50-54) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 55-59) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 60-64) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 65-69) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 70-74) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 75-79) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 80-84) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 85-89) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 90-9) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 95-99) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 100+) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. This index measures how many goods and services a country had to export to finance its imports. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for communication (U.S.=100). The market is expected to grow annually by 2.4% (CAGR 2020-2025). These include personal care products and services, personal items like watches and jewellery as well as all other products and services not mentioned elsewhere. The “Revenue Growth” box shows the year-over-year revenue development of the selected market (market segment, region) in percentage terms. A. | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for alcoholic beverages, tobacco and narcotics (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). Chocolate Confectionery market is segmented by Type, and by Application. Details included are company description, major business, company total revenue and the sales, revenue generated in Functional Confectionery business, the date to enter into the Functional Confectionery market, Functional Confectionery product introduction, recent developments, etc. New, Figures and insights about the advertising and media world, Industry Outlook The market for Alcoholic, Non-Alcoholic and Hot Drinks not only include sales for at-home consumption (off-trade) but also sales to the on-trade sector (restaurants, bars, cafés). Get detailed COVID-19 impact analysis on the Confectionery Market. in the Confectionery & Snacks market | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for clothing and footwear (U.S.=100). The market will earn a revenue of close to USD 233 … On the basis of price point, the economy category was the dominant segment in 2019 with 44.6% market share. By age group, the market is classified into children, adults, and geriatric. The market is expected to grow annually by 2.4% (CAGR 2020-2025). CONFECTIONERY MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)TABLE 33.U.S. New gum and mint hybrid products, such as Ice Breakers Cool Blasts Chews, dissolve rapidly in mouth, and subsequently does not require customers to deal with waste disposal. Leading manufacturers in the confectionery market are focusing to leverage opportunities posed by emerging markets, like China and India, to expand their revenue base, because of the rising income levels and their increasing preference for different confectionery products type. Furthermore, brands are targeting their products specifically to this demographic group by adopting trends such as unusual colors, popping candy, hot & spicy options, cooling effects, and more interactive & personalized packaging. Business facilities as well as institutional housholds (like unversity dormitories or retire homes) are not counted as households. In global comparison, most revenue is … The market is expected to grow annually by 4.3% (CAGR 2020-2025). Write us on help@alliedmarketresearch.com, Sales related queries? The global confectionery market size was valued at $210.3 billion in 2019, and is projected to reach $270.5 billion by 2027, registering a CAGR of 3.6% from 2021 to 2027. The Confectionery Market projected to grow at 3.6% in the forecast period (2021-2027). | Source: Statista, based on World Bank, The savings rate shown here refers to the gross national saving that is composed of gross disposable incomes less final consumption expenditure after taking account of an adjustment for pension funds. You can find further source information in the methodology section. Write us on media@alliedmarketresearch.com, Download Sample of "Confectionery Market". Functional Confectionery Market Applications (Children, Middle Age, Senior, Youth), by Type (Chocolate Confectionery, Chewing Gum, Sugar Confectionery, Others), Regional Outlook, Market Demand, Latest Trends, Functional Confectionery Industry Share & Revenue by Manufacturers, Company Profiles, Growth Forecasts – 2026.” The worldwide Confectionery & Snacks market is forecast to reach US$1513 billion in retail value by the year 2025 and currently accounts for around 17% of worldwide sales revenues in the Food market. The outbreak of COVID-19 has caused a severe impact on the confectionery market. | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for housing, water, electricity, gas and other fuels (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for furnishings, household equipment and routine maintenance of the house (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for health (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for transport (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). This report provides in … Numbers above 100 signal that prices are on average higher in this region than in the U.S., numbers below would mean prices in this region are on average lower than in the U.S. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for food and non-alcoholic beverages (U.S.=100). Increasing Consumers’ Shift Towards Organic Chocolates & Candies The demand for healthier snacking along with the taste and sensorial benefits is increasing among the consumers, which has led to the popularity of organic snacks and confectionery throughout the world. However, the Asia-Pacific region is expected to witness significant CAGR during the confectionery market forecast period as a result of growing disposable income, increasing population, and new brand launches from established players. The data source is specified individually for each data set. The indicator is valued at the current exchange rate of the respective year versus the US$. Retrieved December 03, 2020, from https://www.statista.com/outlook/40100000/109/confectionery-snacks/united-states, "Confectionery & Snacks - United States." in million US$. On the basis of region, Europe accounts for a major share in the confectionery market with predominance in the chocolate confectionery segment. This platform offers a number of discounts on online purchase of confectionery to attract more customers. in kilograms. | Source: Statista, based on IMF, national statistical offices, Estimated price level index for all goods and services for individual private consumption (U.S.=100). Reading Support These include personal care products and services, personal items like watches and jewellery as well as all other products and services not mentioned elsewhere. A wide range of sugar confectionery is available across the globe and volume sales are showing a progressive increase. | Source: Statista, based on World Bank, Sum of exports and imports of goods and services in relation to total gross domestic product (GDP) | Source: Statista, based on World Bank, OECD, The current account balance is the sum of net exports of goods and services, net primary income, and net secondary income. facts. The global confectionery market size was valued at $210.3 billion in 2019, and is projected to reach $270.5 billion by 2027, registering a CAGR of 3.6% from 2021 to 2027. The timeline has been stabilised for currency effects by using a constant exchange rate. Households denote residential communties of people living and keeping house together. This factor is projected to generate promising expansion opportunities in the global confectionery market during the assessment period of 2020 to 2030. It covers all private household spendings meant for consumption at home. | Source: Statista, based on WHO, Per-capita consumption of alcohol (all types) in litres of pure alcohol in the selected region | Source: Statista, based on WHO, Share of men in the selected region (15+ years) who smoke at least occasionally | Source: Statista, based on World Bank, WHO, Share of women in the selected region (15+ years) who smoke at least occasionally | Source: Statista, based on World Bank, WHO, Number of years a newborn in the selected region can expect to live if prevailing patterns of mortality were to stay the same throughout its life. in percent. Need help? In global comparison, most revenue is generated in the United States (US$277,113m in 2020). | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for restaurants and hotels (U.S.=100). The base year calculated in the Confectionery Market report is 2019. In the Confectionery & Snacks segment, volume is expected to amount to 35,133.7 mkg by 2025. Based on product type, the market is categorized into hard-boiled sweets, mints, gums & jellies, chocolate, caramels & toffees, medicated confectionery, fine bakery wares, and others. This shift in demographics is anticipated to create widespread confectionery market opportunities that are targeted to the geriatric segment during the forecast period. Directly accessible data for 170 industries from 50 countries Confectionery & Snacks market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for education (U.S.=100). The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. T&C*. | Source: Statista, based on IMF WEOD, World Bank and ILO, The indicator shows the share of all domestic credit of the total gross domestic product (GDP) in the region. | Source: Statista, based on Economist, Displayed is the standard rate. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Confectionery industry. You can find the source in the data box in the lower left corner. Sugar Confectionery Market. CONFECTIONERY MARKET, BY PRICE POINT, 2019–2027 ($MILLION)TABLE 35.U.S. Reading Support | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for other goods and services (U.S.=100). Market segmentation Probiotic Confectionery is split by Type and by Application. Market share in the confectionery industry of candy U.S. 2018, by type Dollar growth of confectionery in the United States in 2019, by category Sales of candy in the U.S. in 2018, by category in percent. Confectionery Market was valued $210.3 bn in 2019 & to hit $270.5 bn by 2027, at a CAGR of 3.6%. By the next decade, majority of the population, especially in developed economies, will be aged 60 years and above. The prices have been converted from Local Currency Units (LCU) using the average exchange rate of 2017. In contrast, the Food market in the Consumer Market Outlook covers only certain segments of processed food and excludes for example fresh food, oils and fats and some other items. | Source: Statista, based on IMF, The indicator shows as a result of surveys the difference between positive and negative answers of consumers regarding their economic situation and plans for major purchases in the form of an index that has the long term trend (=100) as its basis.