Confectionery Market Size, Share and Trends to 2022 Confectionery Market Size, Share and Trends to 202 | Page 2

Introduction to Confectionery Market
• Confectionery Market Report , published by Allied Market Research , forecasts that the global market was valued at $ 184,056 million in 2015 , and is expected to reach $ 232,085 million by 2022 , supported by a CAGR of 3.4 % during the forecast period 2016 - 2022 .
• The chocolate confectionery segment dominated the market in 2015 with more than onethird revenue share .
• Confectionery industry manufactures wide variety of food products that contain high sugar content such as candies , chocolates , caramels , gums , and cookies .
• Product innovation , rise in gifting trend , retail market expansion , and strong marketing campaigns are major factors that drive the growth of the global confectionery market .
• In addition , economic growth and rise in disposable income of emerging economies supplement the market growth , thus increasing the purchasing power of customers .
• Sucrose , cocoa products , flours , sugar , and food additives are some of the raw materials utilized in confectionery production .

Introduction to Confectionery Market

• Confectionery Market Report , published by Allied Market Research , forecasts that the global market was valued at $ 184,056 million in 2015 , and is expected to reach $ 232,085 million by 2022 , supported by a CAGR of 3.4 % during the forecast period 2016 - 2022 .

• The chocolate confectionery segment dominated the market in 2015 with more than onethird revenue share .

• Confectionery industry manufactures wide variety of food products that contain high sugar content such as candies , chocolates , caramels , gums , and cookies .

• Product innovation , rise in gifting trend , retail market expansion , and strong marketing campaigns are major factors that drive the growth of the global confectionery market .

• In addition , economic growth and rise in disposable income of emerging economies supplement the market growth , thus increasing the purchasing power of customers .

• Sucrose , cocoa products , flours , sugar , and food additives are some of the raw materials utilized in confectionery production .