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Global Sugar Confectionery Market – Industry Trends and Forecast to 2029

  • Food & Beverage
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Sugar Confectionery Market, By Type (Pastilles, Gums, Jellies, Caramel & Toffees, Hard-Boiled Sweets, Medicated Confectionery, Mints, Others), Packaging Type (Sachet, Box, Others), Distribution Channel (Retail Stores, Online Stores, Others) – Industry Trends and Forecast to 2029

 

Sugar Confectionery Market

Market Analysis and Size

The sugar confectionery market is an example of a non-age-restricted segment. For the vast majority of the world's population, age has never been an impediment to indulging in sugar to satisfy their taste buds. For over a decade, the market has been growing steadily, and innovations in flavours and textures are contributing to the market's expansion.

Data Bridge Market Research analyses that the sugar confectionery market which was growing at a value of USD 1.8 billion in 2021 is expected to reach the value of USD 2.40 billion by 2029, at a CAGR of 3.65% during the forecast period OF 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Pastilles, Gums, Jellies, Caramel & Toffees, Hard-Boiled Sweets, Medicated Confectionery, Mints, Others), Packaging Type (Sachet, Box, Others), Distribution Channel (Retail Stores, Online Stores, Others),

Countries Covered

U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Barry Callebaut (Switzerland), Olam Group (Singapore), The Hershey Company (U.S.), Mars, Incorporated (U.S.), Ingredion (U.S.), DSM (Netherlands), Kerry Group plc (Ireland), Tate & Lyle (U.K.), Nestle SA (Switzerland), Cargill, Incorporated (U.S.), Blommer Chocolate Company (U.S.), Foley's Candies LP (Canada), PURATOS (Belgium), Ferrero (Italy).

Opportunities

  • The ease of payment for products through online channels
  • Growth and expansion of variety in supply chains
  • Wide range of sugar flavours and textures according to the need of consumer

Market Definition

Sugar confectioneries are sweet-tasting food products that are high in sugar content, as the name implies. Confectioneries include items such as candies, chocolates, chewing gums, and a variety of other sugar-based products.

Sugar Confectionery Market Dynamics

Drivers

  • Rising expansion of retail channel for distribution of products

One of the key trends driving the evolution of the sugar confectionery market is advancements in online retail. Convenience stores, specialty stores, supermarkets, drug stores, and hypermarkets are all large distribution channels for products. Continuous efforts by retailers and manufacturers to expand their supply and distribution chain have played an important role in increasing access to products in the sugar confectionery market.

 Diversification of products according to the needs

The constant desire to try new ethnic flavours and tastes is a major driving force in the sugar confectionery market. Over the years, the sugar industry has shifted its focus to producing healthier products. The growing health-conscious population, particularly in emerging economies, is driving this trend. The evolution of the sugar confectionery market has been fuelled by advances in organised retail in developing regions.

Opportunity

The ease of payment for products through online channels, as well as the wide range of sugar flavours and textures, are important factors driving the popularity of e-commerce in the sugar confectionery market. Furthermore, sugar confectionery is increasingly being used in the formulation of a wide variety of beverages and confectionery products, such as cakes, milkshakes, croissants, and hot sugar, which is contributing to the global sugar confectionery market's growth.

Restraints

However, the easy availability of product substitutes, stringent government regulations pertaining to quality standardisation, and supply chain disruptions caused by the pandemic will limit the scope of growth for the sugar milk market. The high cost of R&D activities, as well as the volatility of raw material prices, will stymie the Sugar Confectionery market's growth rate. Other market growth restraints include rising obesity prevalence, high sugar levels in patients, and a rising incidence rate of diabetes globally.

This sugar confectionery market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sugar confectionery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Sugar Confectionery Market

The COVID-19 outbreak has had a significant impact on the confectionery market. The strict rules and lockdown implemented throughout 2020 have had an impact on the confectionery industry, causing differential impact on raw material supply (agricultural produce, food ingredients, and intermediate food products), trade & logistics, demand-supply volatility, uncertain consumer demand, and affecting the workforce at the industrial level. One of the major factors affecting the confectionery industry during the lockdown was a drop in sales as a result of decreased gifting and impulse buying among consumers worldwide.

Recent Development

  • Hershey's created a sugar bar in February 2022 to commemorate All Women and Girls. The "Celebrate SHE" bars are a limited edition. SHE was highlighted in the centre of the milk sugar bar by the brand.
  • Cadbury, a brand of Mondelez International, introduced the Twist Wrap packaging solution for its Duos range in January 2022, allowing consumers to snack in small portions by twisting and sealing the package after consuming half of the sugar bar.
  • In collaboration with Lagardère, Ferrero will pre-launch the new Ferrero Rocher Tablets in the travel-retail channel in September 2021. Ferrero enters the sugar tablet market with the new product, which is available in three flavours: milk, dark 55 percent cocoa, and white.
  • Mars will launch two new vegan sugar bars in January 2021, just in time for Veganuary. Following the release of its first free-from sugar, Galaxy Vegan, in 2019, the company has released vegan versions of two of its most iconic sugar bars, Bounty and Topic.

Global Sugar Confectionery Market Scope                                                                        

The sugar confectionery market is segmented on the basis of type, packaging type and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Pastilles
  • Gums
  • Jellies
  • Caramel & Toffees
  • Hard-Boiled Sweets
  • Medicated Confectionery
  • Mints
  • Others

Packaging type

Distribution channel

  • Retail Stores
  • Online stores
  • Other

 Sugar Confectionery Market Regional Analysis/Insights

The sugar confectionery market is analysed and market size insights and trends are provided by country, type, packaging type and distribution channel as referenced above.

The countries covered in the sugar confectionery market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominated the global market and is expected to do so again during the forecast period. This region's expansion can be attributed to rising demand for sugar confectionery products such as chocolates from emerging markets such as India and China. Furthermore, rising consumer health consciousness is expected to drive demand for sugar foods in Asia-Pacific.

North America accounted for a sizable portion of global revenue, owing to rising consumer preference for healthy living and increased spending on nutritional dietary supplements. Furthermore, key manufacturers like Mars Inc., Lindt, and Barry Callebaut have boosted product penetration in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Sugar Confectionery Market Share Analysis

The sugar confectionery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sugar confectionery market.

Some of the major players operating in the sugar confectionery market are:

  • Barry Callebaut (Switzerland)
  • Olam Group (Singapore)
  • The Hershey Company (U.S.)
  • Mars, Incorporated (U.S.)
  • Ingredion (U.S.)
  • DSM (Netherlands)
  • Kerry Group plc (Ireland)
  • Tate & Lyle (U.K.)
  • Nestle SA (Switzerland)
  • Cargill, Incorporated (U.S.)
  • Blommer Chocolate Company (U.S.)
  • Foley's Candies LP (Canada)
  • PURATOS (Belgium)
  • Ferrero (Italy)

Research Methodology: Global Sugar Confectionery Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The Sugar Confectionery Market value is expected USD 2.40 billion by 2029.
The Sugar Confectionery Market is to grow at a CAGR of 3.65% during the forecast by 2029.
The major players operating in the Sugar Confectionery Market are Barry Callebaut (Switzerland), Olam Group (Singapore), The Hershey Company (U.S.), Mars, Incorporated (U.S.), Ingredion (U.S.), DSM (Netherlands), Kerry Group plc (Ireland), Tate & Lyle (U.K.), Nestle SA (Switzerland), Cargill, Incorporated (U.S.), Blommer Chocolate Company (U.S.), Foley's Candies LP (Canada), PURATOS (Belgium), Ferrero (Italy).
The major countries covered in the Sugar Confectionery Market are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.