Confectionery, Snacks & Ready-to-eat reached global market size of US$548.8 billion in 2018. The fastest growing regions are Sub-Saharan Africa (3.7% CAGR 2018-2023), Asia Pacific (3.5% CAGR 2018-2023) and Middle East & North Africa (3.3% CAGR 2018-2023).
In most developed countries, sales of Confectionery, Snacks & Ready-to-eat products are either stagnating or growing at a very slow rate. A strong contributor to this is the adoption of healthier lifestyles. The opportunity thus lies on product innovation that does not compromise on taste, while providing consumers with healthier ingredients.