Top 30 Companies in Confectionery Market 2025: Strategic Overview And Future Trends (2024–2035)
RELEASE DATE: Oct 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Confectionery Market size is projected to Grow from USD 212.71 Billion in 2024 to USD 331.25 Billion by 2035, at a CAGR of 4.11% during the forecast period of 2025–2035. The expanding global food and beverage industry and the increased per capita consumption of food and beverages are expected to fuel market growth. Also, developing countries are seeing heightened demand for confectionery items due to development and attractive packaging.
Introduction
Confectionery markets produce food items that are made with sugar and sweet ingredients, including chocolates, candies, caramels, toffees, biscuits, lollipops, and others. Recently, in Australian confectionery markets, there has been an increasing demand for sugar-free candies in response to different trends such as rising obesity, an increasing number of people with diabetes, greater awareness of health and nutrition issues, and changes in lifestyle habits. Confectionery refers to products that have a high sugar or carbohydrate content. Some of the common foods found in the confectionery category include chocolates, cookies, bars, candies, and mints. Consumer preferences, interests, and purchasing behaviors are in a state of constant change, and evolving taste is one of the reasons that candy product development is contributing to the category's market growth. Producers are producing products that have centers made with tropical fruit, centers made with organic herbs, ingredients that promote health, nuts, and even flavors that are sometimes sourced from faraway places. The market has also expanded as a result of selling confectionery products, including chocolates, cookies, baked goods, and others, in the last few years. Due to the high consumption of candy, producers continually develop new, fun, and creative ways to attract and retain consumer attention.
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Confectionery Market Size & Statistics
- The Market Size for Confectionery Was Estimated to be worth USD 212.71 Billion in 2024.
- The Market Size is going to expand at a CAGR of 4.11% between 2025 and 2035.
- The Global Confectionery Market Size is anticipated to reach USD 331.25 Billion by 2035.
- Asia Pacific is expected to generate the highest demand during the forecast period in the Confectionery Market.
- North America is expected to grow the fastest during the forecast period in the Confectionery market.
Regional growth and demand
Asia Pacific is expected to generate the highest demand during the forecast period in the Confectionery Market. The major growth drivers in this regional market are the youthful, active population, rapid urbanization, increased disposable income, and easy access to confections in consumer packs. Some manufacturers are looking for facility expansions, mergers, and acquisitions with local companies to take advantage of these prospects. Growing customer acceptability, popularity, and technological advancements for these products are expected to be the major contributing factors to overall market growth throughout the forecast period.
North America is expected to grow the fastest during the forecast period in the Confectionery market. The sale of sugar and chocolate items is growing rapidly in North America as a result of the growing perception of these categories as comfort food items. The region's tendency to snack between meals has also increased the demand for cereal bars and other snack options. The United States continues to be one of the largest markets for consumers willing to spend a premium on artisanal confections that enhance flavor and visual appeal. The total increase in demand has occurred, in part, because of additional manufacturing facilities in the region, advancements with new techniques, and heightened efforts from manufacturers.
Top 10 Trends in the Confectionery Market
- Superiority and Handcrafted Goods
- Initiatives for Sustainability
- Transformation to Digital
- Innovation in Flavor and Texture
- Products with a Functional and Health Focus
- Plant-Based & Vegan Options
- E-commerce & Online Sales
- Gourmet & Artisanal Experiences
- Seasonal and Gifting Trends
- Urbanization and Changing Lifestyles
1. Superiority and Handcrafted Goods
Because consumers are looking for small-batch, ethically sourced, high-quality items, the premium market is growing. Specialty candies with distinctive flavors and artisanal chocolates are especially well-liked in developed markets.
2. Initiatives for Sustainability
Confectionery companies are putting more of an emphasis on using eco-friendly packaging and obtaining raw materials sustainably, including Fair Trade cocoa. The desire from consumers for ecologically friendly items is met by these initiatives. Consumers are starting to value upcycled materials and environmentally friendly packaging designs more, which has an impact on brand perception and product development.
3. Transformation to Digital
The confectionery sector has changed as a result of the move to online shopping, with e-commerce sales predicted to increase by more than 20% a year over the coming years. To engage consumers, brands are using digital marketing, subscription boxes, and direct-to-consumer business models.
4. Innovation in Flavor and Texture
The market is witnessing a constant search for new flavors, ranging from exotic and international selections to opposing sweet and salty combinations, as well as an emphasis on unusual textures, such as stacked chocolates and hidden centers.
5. Products with a Functional and Health Focus
Along with sugar-free and reduced-sugar alternatives, consumers are increasingly looking for confections that offer health advantages like probiotics, vitamins, and other functional ingredients.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the confectionery market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 20 Companies Leading the Confectionery Market
- Mondelez International, Inc.
- Mars, Incorporated
- Ezaki Glico Co., Ltd.
- Haribo GmbH & Co. KG.
- Grupo Arcor
- Pladis
- Nestlé S.A.
- Meiji Co., Ltd.
- Ferrero Group
- Chocoladefabriken Lindt & Sprüngli AG
- Perfetti Van Melle
- The Hershey Company
- Grupo Arcor
- Barry Callebaut
- Orion Corp
- Tootsie Roll Industries
- Zentis
- Morinaga & Company
- Lotte
- Amul
- Others
1. Mondelez International, Inc.
Headquarters: Chicago, Illinois, USA
Mondelez International, Inc. is a multinational snack, confectionery, and food corporation with headquarters in the United States. Its roots can be found in Kraft Foods. In 2012, Kraft Foods separated its grocery division into Kraft Foods Group and its international snack division into Mondelez. With well-known brands including Cadbury, Milka, and Toblerone, Mondelez is a dominant force in the snack and confectionery industry. For thoughtful pleasure, concentrate on goods with decreased sugar and portion sizes.
2. Mars, Incorporated
Headquarters: McLean, Virginia, USA
The Mars family still owns the privately held corporation Mars, Incorporated. Frank C. Mars established it in 1911 in Tacoma, Washington, in the United States. It has grown beyond confections to include food, pet care, and more over the course of more than a century. With well-known brands including M&Ms, Snickers, and Milky Way, Mars is a world leader in the confectionery industry. Expansion into lower-sugar and plant-based candy to appeal to health-conscious people.
3. Nestlé S.A.
Headquarters: Vevey, Switzerland
Nestlé S.A. is a multinational food and beverage corporation based in Switzerland. Its official name dates back to 1905, when Farine Lactée Henri Nestlé and the Anglo-Swiss Condensed Milk Company merged. Popular confections like KitKat, Smarties, and Aero are part of Nestlé's wide range of products, which appeal to consumers all over the world. Creation of chocolate without cocoa and other novel recipes.
4. Ferrero Group
Headquarters: Alba, Italy
Established in 1946 in Alba, in the Piedmont region of Italy, the Ferrero Group is a confectionery firm. Pietro Ferrero opened a modest pastry shop that grew internationally over the years. With internationally recognized brands like Kinder, Ferrero Rocher, and Nutella, Ferrero is a byword for luxury and decadence. By 2025, functional products will be introduced, and packaging will be recyclable.
5. The Hershey Company
Headquarters: Hershey, Pennsylvania, USA
Milton S. Hershey established the Hershey Chocolate Company in Lancaster, Pennsylvania, in 1894, which later became the Hershey Company. With time, it grew to include more confections, nibbles, mints, and other items in addition to pure chocolate. Hershey has remained a leader in chocolate and confections thanks to its illustrious past and well-liked items like Reese's and Hershey's Kisses. Investments in digital consumer interaction and sustainable cocoa sourcing.
Are you ready to discover more about the Confectionery market?
The report provides an in-depth analysis of the leading companies operating in the global Confectionery market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Mondelez International, Inc.
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Mars, Incorporated
- Ezaki Glico Co., Ltd.
- Haribo GmbH & Co. KG.
- Grupo Arcor
- Pladis
- Nestlé S.A.
- Meiji Co., Ltd.
- Ferrero Group
- Others
Conclusion
The global confectionery market is prepared for steady growth. Higher earnings and urbanization, together with changes in customer preferences toward new flavors, nutrient-dense substitutes, and upscale or handcrafted products, are driving this expansion. Demand is anticipated to be highest in the Asia Pacific area, while North America is anticipated to change quickly due to trends toward premium candies and high consumer spending. To gain market share, leading rivals like Mondelez, Mars, Nestlé, Ferrero, and Hershey are using tactics including premiumization, reengineering the digital marketing mix, sustainable sourcing, and innovative product communications. The industry is adjusting to change by diversifying product portfolios by providing sugar-free, functional/plant-based, and sustainable alternatives in response to health and wellness trends, the growth of e-commerce, and sustainability pressures.
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