Confectionery and Snacks Global Market
Worldwide Revenue:
In 2020, the
global total revenue of confectionery is $826,129.6 million USD and the total
revenue of snack foods are $389,228.3 million USD. In 2025, the total revenue
increased to $1,020,641 million USD for confectionery and $492,583.1 million
for snack food. The confectionery and snack food market is growing as the CAGR
is expected to grow by 4.5% between the years 2020 and 2025.
Worldwide Revenue Growth:
The global revenue
growth for both confectionery and snacks dropped drastically in 2020 as the
Covid-19 pandemic is occurring. The revenue growth for confectionery in 2020
dropped to 0.5% and the revenue growth for snacks dropped to -0.2%. In 2025,
the revenue growth for both confectionery and snacks looks much better.
Confectionery revenue growth is expected to be 4.4% and snacks are expected to
be at 3.8%.
Worldwide Average Price Per Capita:
The amount of
money spent on confectionery and snacks in 2020 are totalled to an average of
$163.30 USD per capita. The amount of money spent on confectionery is more than
snacks throughout the years. Individuals spend 2/3 more on confectionery than
snack foods. In 2025, the total amount spent on confectionery and snacks are
expected to be $194.26 USD. The amount of money spent on these two types of
food increases year by year.
Worldwide Average Volume per Capita:
On average, the
volume of confectionery and snacks that per individuals consume in 2020 are 16
kgs for confectionery and 7.5 kgs of snack foods. In 2025, individuals consume
a bit more confectionery and snacks as confectionery is expected to be 18.3 kgs
and snacks are expected to be 9.0 kgs.
In 2020 the total
revenue of confectionery and snacks are $277,113 million USD. Even with the
impact of Covid-19, the total revenue is still very stable compared to the
other food markets. Confectionery and snacks market is a slow-growing market in
the United States as the revenue increases bit by bit yearly. In 2025 the
expected total revenue is $311,713 million USD. The confectionery and snacks
market are also expected to grow by 2.4% annually (CAGR).
United States Revenue Growth:
In 2020, the
revenue growth for confectionery is 4.3% and the revenue growth for snacks are
2.5%. The revenue growth for confectionery are always higher than the revenue
growth of snacks. The confectionery and snacks market growth are both
decreasing. In 2025, the revenue growth of confectionery equals 3.2% and the
revenue growth of snacks are 1.7%. Overall, the revenue growth of both
confectionery and snacks in the United States fluctuates.
The United States Average Price Per Capita:
In 2020, the
average price per capita for confectionery and snacks are $837.19 and will
increase to $915.73 in 2025. On average, an individual spends a lot of money
per year to purchase confectionery and snacks.
United States Average Volume Per Capita (Kilograms):
The average volume
per capita in 2020 is 62.3 kilograms for confectionery and 34.9 kilograms for
snacks. In 2025, the average volume per capita for confectionery increased to
66.6 kilograms and snacks also increased to 36.6 kilograms.
United States Price Per Unit (Kilo):
In 2020, the price
per unit of confectionery is $8.54 and in 2025 the price per unit increased a
bit to $8.89. For snack foods, the price per unit in 2020 is $8.76 and the
price per unit in 2025 is $8.83. Snacks did not increase as much as
confectionery as it only increased by $.07 cents where confectionery increased
by $.35 cents.
Exports and Imports:
Trends:
The three
confectionery trends in the United States are chocolate, fruity and floral
flavors, and confectionery that are supporting the sustainability movement that
include health and eco-friendly conscious categories. These trends are
connected to the younger generations. Millennials are chocolate connoisseurs
that enjoys fine chocolate and often consume chocolate to satisfy their sweet
tooth.
For confectionery
flavors in general, the flavors that are becoming more and more popular include
fruits, flowers (lavender, rose, hibiscus, etc.), matcha, jasmine, and so on.
Consumers are leaning more towards candies that are refreshing.
Confectionery companies
that are sustainable attracts more consumers as customers become more health-conscious and eco-friendly. Companies that invest in sustainability was seen
to have an increase in customers and profits.
About us
Global Marketing Associates has been helping food and beverage companies expand globally for over 15 years. Contact us for a free consultation to learn more about how we can help your company grow export sales.
Email: bthomas@globalmarketing1.com
Main Website: www.globalmarketing1.com
Food Export Market: www.foodexportmarket.com
Email: bthomas@globalmarketing1.com
Main Website: www.globalmarketing1.com
Food Export Market: www.foodexportmarket.com
Resources:
Comments
Post a Comment