Confectionery Market size and Outlook of and major regions, from angles of players, countries, product types and applications
The global confectionery market is estimated to be valued at $227.4 billion by 2027 , surging from $189.9 billion in 2019 at a noteworthy CAGR of 3.7% . Global Confectionery Market Analysis The enormous growth of the global confectionery market is mainly attributed to availability of innovative confectioneries such as diverse range of confectionery products in new flavors and many others. Also, manufactures are offering various confectionery flavors including herbal fillings, functional ingredients, nut based, exotic, and tropical fruit flavors according to the demand of consumer. Moreover, growing trends of gifting confectioneries such as chocolates, cakes, cookies, and others has accelerated the growth of confectionery market. Moreover, leading market vendors are adopting various strategies, product innovation and acquisition to sustain in global market. For instance, Ferrero International, in January 2018, manufacturer of branded chocolate and confectionery in Italy, an