The global confectionery market grew by 3% in 2008 and reached a value of $127.9 billion according to Confectionery: Global Industry Guide, a report issued by Companiesandmarkets.com. By 2013, the firm forecasts that world's confectionery market will be valued at $147.7 billion, an increase of 15.5% since 2008.
In terms of volume, the global confectionery market grew 2.4% in 2008, weighing in at 12.8 billion kilograms. According to the report, this volume will grow to 14.3 billion kilograms, an increase of 11.4% over 2008.
Other highlights of the research include:
In terms of volume, the global confectionery market grew 2.4% in 2008, weighing in at 12.8 billion kilograms. According to the report, this volume will grow to 14.3 billion kilograms, an increase of 11.4% over 2008.
Other highlights of the research include:
• Chocolate sales generated 48.6% of the global confectionery market's value.
• Europe accounts for 48.8% of the confectionery market's value.
• Confectionery giant Mars Inc. accounts for 17% of the global confectionery market's value.
• Supermarkets and hypermarkets distribute 32.6% of the confectionery market's value.
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