Confectionery market size to reach USD 245.28 billion by 2026 – Market Report
According to the marker research report, “The global confectionery market size is expected to reach USD 245.28 billion by 2026, growing at a CAGR of 3.23% during the forecast period. Rising health consciousness among consumers is predicted to play a key role in influencing the growth of market size.
As lifestyle-disorders become more common with time, even the most ardent chocolate-lovers are getting increasingly inclined towards organic and natural ingredients-based products.
APAC holds tremendous growth opportunities for this market owing to rising disposable income, increasing young and working-age population, and rapid urbanisation. In line with the same, many companies are implementing different strategies to establish themselves in the Asia-Pacific region, especially India and China.