Global Sugar Confectionery Market
By Product Type (Caramel and Toffees, Hard-Boiled Sweets, Medicated Confectionery, Gums and Jellies, Mints, Others), By Source (Sunflower Oil, Rapeseed Oil, Soybean Oil, Others), By Form (Liquid, Powder, Gels), By Application (Dietary Supplements, Food and Beverages, Animal Feed, Pharmaceuticals, Others), By Distribution Channel (Super Markets & Hyper Markets, Online Stores, Departmental Stores, Others), and Geography – Market Estimation, Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global sugar confectionery market was valued at US$ XX Mn in 2017 and expected to grow at 4.5% Compound Annual Growth Rate (CAGR) over the 2018 to 2024
Market Outline: Global Sugar Confectionery Market
Sugar confectioneries refer to the food items that are rich in the carbohydrates and sugars. Sugar confectioneries include candies, chocolates, candied nuts, pastillage, chewing gums, and other products made of sugar.
Market Dynamics: Global Sugar Confectionery Market
Expansion of sugar confectionery portfolio to retail market and innovation of newer products with different flavors are the primary factors upsurge the revenue of sugar confectionery market. Moreover, rise in disposable income, increase in the gifting trends, promotional activities and advertising campaigns by the market players, and rise in disposable income in emerging countries are expected to fuel the global sugar confectionery market over the forecast years. However, rise in prevalence of diabetes and obesity, increase in the health awareness, and grow in inclination towards the dark chocolate may hinder the growth of sugar confectionery market over the forecast years.
Market Scope: Global Sugar Confectionery Market
Global sugar confectionery market is segmented based on product type and distribution channel
Based on the product type, the market is segmented into the following:
- Caramel and Toffees
- Hard-Boiled Sweets
- Medicated Confectionery
- Gums and Jellies
- Mints
- Others
Based on the distribution channel, market is segmented into the following:
- Super markets & Hyper Markets
- Online Stores
- Departmental Stores
- Others
Regional Analysis: Global Sugar Confectionery Market
Geographically, global sugar confectionery market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America sugar confectionery market accounted for larger share, which is attributed to increase in the number of retail outlets, innovation of newer products, and high per capita income in the region. Europe sugar confectionery market growth is owing to change in lifestyle coupled with hectic work schedules, increase in the gifting trends, and expansion of business by the market players in the region. Asia Pacific sugar confectionery market has a lucrative growth due to increase in the population in China, India, and Japan, rise in disposable income, and increase in the number of supermarkets and hypermarkets are boost the market.
Competition Assessment: Global Sugar Confectionery Market
Some of the players in the global sugar confectionery market include:
- Cadbury PLC. (U.K)
- The Hershey Company (U.S.)
- HARIBO Dunhills (Pontefract) PLC (U.K)
- Ferrero SpA. (Italy)
- Lotte Confectionery Co Ltd (South Korea)
- Perfetti Van Melle S.P.A. (Italy)
- Nestl SA (Switzerland)
- Kraft Foods Inc. (U.S.)
- WM Wrigley JR Company (U.S.)
- Lindt & Sprungli (Switzerland)
Notable Market Developments: Global Sugar Confectionery Market
- In January 2018, Ferrero group inked an agreement to acquire Nestle’s U.S. confectionery business for strengthening its presence in U.S.
Key Features of the Report:
- The report covers exhaustive regional information, that includes North America (the USA and Canada), Europe (Germany, France, Italy, UK, Spain, Russia, Poland and Rest of Europe), Asia-Pacific (Japan, China, India, Australia & New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentian, Venezula, and Rest of Latin America), and Middle East and Africa (Gulf Cooperation Council (GCC) Countries, Israel, South Africa, and Rest of Middle East and Africa)
- The report provides granular level information about the market size, regional market share, historic market (2013-2017) and forecast (2018-2024)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
