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Confectionery Fillings Market size crossed USD 118.5 billion in 2022 and is expected to record a 3.5% CAGR from 2023 to 2032, driven by the increasing demand for bakery confectioneries globally.
The emergence of confectionery products as gifts is mainly driving the market expansion. Major companies are taking efforts to keep up with the changing consumer demands while implementing diverse marketing techniques and innovative distribution systems. Furthermore, the rising demand for goods that combine traditional ingredients with western confectioneries and offer health advantages has positively influenced the industry landscape. To cite an instance, in November 2022, Fazer, one of Finland's oldest confectionery firms, collaborated with Aberdeen Group to introduce its diverse portfolio of chocolate and confectionery brands in the Indian market.
Report Attribute | Details |
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Base Year: | 2022 |
Confectionery Fillings Market Size in 2022: | USD 118.5 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 3.9% |
2032 Value Projection: | USD 171.5 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 400 |
Tables, Charts & Figures: | 291 |
Segments covered: | Confectionery, Fillings, Form, Distribution channel |
Growth Drivers: |
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Pitfalls & Challenges: |
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