Confectionery - Americas | Statista Market Forecast

Revenue in the Confectionery market amounts to US$135.30bn in 2024. The market is expected to grow annually by 5.23% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$84bn in 2024).
In relation to total population figures, per person revenues of US$133.10 are generated in 2024.
In the Confectionery market, volume is expected to amount to 18.17bn kg by 2029. The Confectionery market is expected to show a volume growth of 3.1% in 2025.0.
The average volume per person in the Confectionery market is expected to amount to 15.6kg in 2024.

Definition:

The Confectionery market covers food items with a relatively high sugar. Confectionery has a variety of flavorings, colorings, and other components that give them their distinct taste, texture, and appearance. This market is divided into four submarkets: chocolate confectionery, ice cream, preserved pastry goods and cakes and sugar confectionery.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

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Chocolate products
Sugar confectionery
Ice Cream
Preserved Pastry Goods & Cakes

Nuts
Dried fruit snacks
Chocolate spreads
Desserts
Jams
Out-of-home consumption

The Confectionery Market in the Americas is seeing moderate growth, influenced by factors such as changing consumer preferences, increasing health consciousness, and the convenience of online shopping. Various sub-markets within the sector, including chocolate confectionery and ice cream, are also contributing to the overall market growth. However, the market's growth rate remains minimal, potentially due to factors such as rising ingredient costs and competition from healthy snack alternatives.

Customer preferences: The demand for healthier and more natural options in the confectionery market is on the rise in the Americas. This shift is driven by the growing awareness of the negative effects of excessive sugar consumption and the increasing trend of clean eating. As a result, brands are launching products with natural and organic ingredients, and incorporating functional ingredients such as probiotics and superfoods into their offerings. This trend is also influenced by the rise of health-conscious millennials and the growing preference for clean labels and transparent sourcing.

Trends in the market: In the Americas, the Confectionery market is experiencing a shift towards healthier options, with consumers seeking out products with natural ingredients and reduced sugar content. This trend has been driven by increasing health consciousness and concerns over obesity and other health issues. Additionally, there is a growing demand for premium and indulgent confectionery products, particularly in the US market. These trends have significant implications for industry stakeholders, as manufacturers must adapt to changing consumer preferences and innovate to meet demand for both healthy and indulgent options. Furthermore, regulatory changes, such as the implementation of front-of-pack labeling and sugar taxes, may also impact the Confectionery market in the region.

Local special circumstances: In the Americas, the Confectionery Market within the Confectionery & Snacks Market is heavily influenced by the high disposable income and strong consumer preferences for indulgent and innovative products. In the United States, the market is driven by the demand for natural and organic options, while in Mexico, traditional sweets and snacks remain popular due to cultural preferences. Canada's strict regulations on food labeling and ingredient transparency also impact the market, leading to a rise in healthier and transparent product offerings.

Underlying macroeconomic factors: The Confectionery Market of the Confectionery & Snacks Market within The Food market in the Americas is heavily influenced by macroeconomic factors such as consumer spending patterns, population demographics, and trade policies. With a large and diverse consumer base, the region offers significant growth opportunities for confectionery companies. However, economic slowdowns, inflation, and trade barriers can hinder market growth. In addition, changing consumer preferences and increasing health concerns are driving the demand for healthier and more natural confectionery products, which may impact market performance.

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.