Sugar Confectionery Market: Global Market Estimation, Size, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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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

 

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Report

Description

Sugar Confectionery Market size was valued at USD 50.2 billion in 2021 and is expected to reach USD 69.2 billion by 2028, at a CAGR of 4.7% during the forecast period 2022 to 2028. Sweets are sugar confectionary that is consumed by people of all socioeconomic classes. Candies (also known as candy), candied nuts, chocolates, chewing gum, bubble gum, pastillage, and other sugar-based sweets are all examples of sugar confectionery. These companies offer a wide range of products, from individually wrapped sweets to sophisticated packaging for low-cost items. 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 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 market over the forecast period.

Sugar Confectionery Market

MARKET SUMMARY
-
4.7%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 4.7%
  • Largest Market– North-America
  • Fastest Growing Market– Asia-Pacific

Sugar Confectionery Market

  • The global sugar confectionery market report gives comprehensive outlook on aerosol valve industry across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
  • The report on global sugar confectionery market gives historical, current, and future market sizes (US$ Mn) on the basis of by product type, source, form, application, distribution channel and regions.
Key Players
  • Cadbury PLC.
  • The Hershey Company
  • HARIBO Dunhills (Pontefract) PLC
  • Ferrero SpA.
  • Lotte Confectionery Co Ltd
Sugar Confectionery Market

DRIVERS AND RESTRAINTS

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.


North-America Got Significant Share

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.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Developments

  • In January 2019, 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

Sugar Confectionery Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content


Report

Company Profile

  • 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)

Description

Sugar Confectionery Market size was valued at USD 50.2 billion in 2021 and is expected to reach USD 69.2 billion by 2028, at a CAGR of 4.7% during the forecast period 2022 to 2028. Sweets are sugar confectionary that is consumed by people of all socioeconomic classes. Candies (also known as candy), candied nuts, chocolates, chewing gum, bubble gum, pastillage, and other sugar-based sweets are all examples of sugar confectionery. These companies offer a wide range of products, from individually wrapped sweets to sophisticated packaging for low-cost items. 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 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 market over the forecast period.

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