Confectionery & Snacks - CIS

CIS

Highlights

Revenue in the Confectionery & Snacks market amounts to US$54.82bn in 2024. The market is expected to grow annually by 7.24% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$135bn in 2024).
In relation to total population figures, per person revenues of US$225.90 are generated in 2024.
In the Confectionery & Snacks market, volume is expected to amount to 8.16bn kg by 2029. The Confectionery & Snacks market is expected to show a volume growth of 2.1% in 2025.0.
The average volume per person in the Confectionery & Snacks market is expected to amount to 29.9kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Confectionery & Snacks market in CIS is currently experiencing subdued growth due to various factors such as changing consumer preferences, increasing health consciousness, and competition from healthier snack options. However, the convenience and indulgence offered by these products continue to drive market growth in the region.

Customer preferences: As consumers become more health-conscious, there is a growing demand for healthier snack options in the Confectionery & Snacks Market within The Food market. This has led to the emergence of plant-based and low-sugar alternatives, as well as a focus on clean and transparent labeling. Additionally, the rise of snacking on-the-go and busy lifestyles has fueled demand for convenient and portable snack options, such as protein bars and portion-controlled snack packs.

Trends in the market: In the CIS region, the Confectionery & Snacks Market is experiencing a shift towards healthier snacking options, driven by consumer demand for better-for-you products. In response, companies are investing in research and development of functional ingredients and natural sweeteners. This trend is expected to continue, with a focus on clean label and sustainable packaging. This presents opportunities for industry players to tap into the growing health-conscious market, while also addressing environmental concerns and staying competitive in the market.

Local special circumstances: In the CIS region, the Confectionery & Snacks Market within The Food market is heavily influenced by cultural preferences and traditions. For example, in Russia, the market is dominated by traditional sweets and snacks, such as chocolate-coated wafers and honey-based candies. In contrast, in the Middle East, the market is driven by demand for halal and vegetarian options, leading to the popularity of date-based snacks and sesame seed bars. These unique local factors play a significant role in shaping the market dynamics and consumer behavior in the Confectionery & Snacks Market within The Food market.

Underlying macroeconomic factors: The growth of the Confectionery & Snacks Market within The Food market is heavily influenced by macroeconomic factors such as consumer spending, economic stability, and government policies. Countries with a growing middle class and stable economies tend to have higher demand for confectionery and snacks, as consumers have more disposable income to spend on indulgent treats. Additionally, government policies such as import tariffs and trade agreements can impact the availability and pricing of ingredients used in the production of confectionery and snacks, which in turn affects market performance. Furthermore, global economic trends, such as the rise of health-conscious consumers and increasing focus on sustainability, are also influencing the confectionery and snacks market, as manufacturers are adapting their products to meet these evolving consumer preferences.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.