Global chocolate confectionery studies forecasts market rise to $118 billion by 2031

Published 2024년 11월 7일

Tridge summary

The global confectionery market is expected to grow to $118.6 billion by 2031, with a 4% CAGR, driven by product innovation and gifting. Key players include Barry Callebaut, Lindt & Sprüngli, Ferrero, Mars, Mondelez, and Nestle. A notable trend is the increasing demand for organic and premium chocolates, as consumers are willing to pay more for health benefits. The market for dark and organic sweets is expanding due to the health advantages of dark chocolate. Companies like Mars are adapting by creating sugar-free and organic products to align with health trends. However, high sugar consumption poses challenges due to its association with dental issues, obesity, and diabetes, leading to a rise in sugar-free options.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Latest studies have valued the global confectionery market as reaching a value of $118.6 billion over the next six years, with product innovation and gifting driving the sector’s anticipated growth, writes Neill Barston. The analysis from Allied Market Research, anticipated CAGR of 4% until 2031, against a backdrop of consistently shifting consumer tastes and habits that the organisation believed remains pivotal to expansion of the industry. As part of its evaluation, the business assessed major players including Barry Callebaut, Chocoladefabriken Lindt & Sprüngli AG, Delfi Limited, Ferrero International S.A, Lotte Corporation, Mars, Incorporated, Mondelez International, Inc, Nestle S.A, Perfetti Van Melle, and The Hershey Company. Notably, the research highlighted a megatrend of organic and premium chocolate confectionery that it observed had attracted a wider range of consumers, with many shoppers considered as being willing to pay more for organic ranges with perceived health ...

Source: Confectioneryproduction