CONFECTIONERY MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)
Confectionery Market Analysis:
The global confectionery market is anticipated to experience a Compound Annual Growth Rate (CAGR) of 4.2% over the next five years. This growth is attributed to the increasing trend of healthier snacking and the popularity of convenient snacking, which offer appropriate taste and adequate nutritional benefits to consumers. The organic snack segments of confectionary food items have gained traction in the global market, particularly with the popularity of sugar and chocolate products. Consumers are seeking healthier options, such as low-calorie, high-cocoa, and functional ingredient-based confectionery, and the functional claim on confectionery product labels is rapidly growing.
The demand for convenience snacks in the everyday diet is triggered by rising modernization and a hectic lifestyle balancing professional and personal life. Consumers prefer easy-to-cook and quick-to-eat food commodities, and snack bars are commonly perceived as a healthier alternative confectionery food. Due to their product variation, such as different nutrition, such as proteins, low carb, and low sugar, these products have been highly preferred among new generations.
The high sugar content related to obesity is a severe concern among consumers, and they are seeking healthier options, such as low-calorie, high-cocoa, and functional ingredient-based confectionery. The functional claim on confectionery product labels is growing rapidly. Thus, the demand for sugar-free, low carb, high-protein confectionary foods such as chocolates and snack bars, and sugar-free chewing gum is growing and anticipated to boost the confectionary food market globally.
Get the free sample report of the Confectionery Market
Comments
Post a Comment