3 Key Insights on Competitive Landscape in Global Sugar Confectionery Products Market: Ken Research

Country-Niche Players and Regional Players constitute ~65% and ~30% of market presence respectively Despite the Presence of about ~500 Competitors, find a Recent Market Study on Global Sugar Confectionery Products Market

Confections made with sugar are known as sweets, and nearly every socioeconomic group consumes them. Individually wrapped candies to expensive items in tasteful packaging are just a few of the many variations of these products that are available. Because of changes in regulatory standards and other factors including the economy, flavor, and consumer demand, the sort of confectioneries that are preferred frequently differs by geographic region.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. Large Global Players Hold Around 45% of the Market Share Followed by Regional Players Holding ~30% of the Market Share

A comprehensive competitive analysis conducted during the Research Study found that the global sugar confectionery products market is competitive with ~600 players which include globally diversified players, and regional players, as well as a large number of country-niche players.

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According to the research, the country-niche players held the dominant position in the market in 2021, in terms of the market share with about ~40% followed by global players which account for ~35% of the market share.

2. Players are Increasingly Investing in the Sugar Confectionery Products Industry which is Promoting the Market Growth

Manufacturers of confections are enhancing the market's flavor profile with herbs and spices that are found in nature. The confectionery market has developed significantly thanks to innovation. The term "natural flavor" or "natural flavoring" refers to any essential oil, oleoresin, essence or extractive, protein hydrolysate, distillate, or other product of roasting, heating, or enzymolysis that contains flavoring components derived from a spice, fruit or fruit juice, vegetable or vegetable juice, etc., as defined by the USA FDA.

Not just key players but also emerging players are expanding in the sugar confectionery products industry and are also investing in strategies like collaborations and technological development to compete in the industry.

In November 2022, Painfree Chocolate, created by The Functional Chocolate Company, has been made available to help with common aches, pains, and inflammation.

Painfree Chocolate is made with a base of vegan, gluten-free, and ethically sourced dark chocolate that has a subtle chai taste and contains a blend of natural ingredients like turmeric, white willow, arnica, and hops extract.

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3. Increased Adoption of Sugar Confectionery Products in Various Parts of the World leading to Major Industry-Wide Developments, Acquisitions, and Deal-Wins

In November 2022, Ferrero introduced a range of holiday candies for the important US market. As the chocolate giant reveals its complete intentions for the region this Christmas, Ferrero's US operations have entered full holiday mode, according to Neill Barston.
In October 2022, The Trinidad and Tobago Chamber of Industry and Commerce presented 2022 Internationally Known T&T Owned Company of the Year Award to KC Confectionery (T&T Chamber).

Key Topics Covered in the Report:-

Snapshot of the Global Sugar Confectionery Products Market

Industry Value Chain and Ecosystem Analysis

Market size and Segmentation of the Global Sugar Confectionery Products Market

Historic Growth of the Overall Global Sugar Confectionery Products Market and Segments

Competition Scenario of the Market and Key Developments of Competitors

Porter's 5 Forces Analysis of the Global Sugar Confectionery Products Market

Overview, Product Offerings, and SWOT Analysis of Key Competitors

COVID-19 Impact on the Overall Global Sugar Confectionery Products Market

Future Market Forecast and Growth Rates of the Total Global Sugar Confectionery Products Market and by Segments

Market Size of Product Type/ Packaging Type Segments with Historical CAGR and Future Forecasts

Analysis of the Sugar Confectionery Products Market in Major Regions

Major Production / Consumption Hubs in the Major Regions

Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments

Overview of Notable Emerging Competitor Companies within Each Major Country

Major Players Mentioned in the report:-

Lotte Confectionery

Ferrero SpA

Perfetti Van Melle

The Hershey Company

Specialty Food Association, Inc.

Nestlé S.A.

The Kraft Heinz Company

Jelly Belly Candy Company

Lindt & Sprüngli AG

HARIBO of America, Inc.

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Notable Emerging Companies Mentioned in the Report

AAK Confectionery Innovation

Mondoux Confectionery

IT'SUGAR

Prizaco

Shantou Yixin Food Co., Ltd.

Suntak Foods Manufacturing Co., LTD.

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Confectionery Manufacturers

Confectionery Products Manufacturers

Confectionery and Chocolate Product Development Companies

Vegan Confectionery Manufacturers

Confectionery Raw Materials Suppliers

Government Ministries and Departments of Food Industry

Food Regulatory Authorities

Food Manufacturers Associations

Confectionery Product Manufacturers Associations

Time Period Captured in the Report:-

Historical Period: 2017-2021

Forecast Period: 2022E-2028F

For more insights on the market intelligence, refer to the link below:-

https://www.kenresearch.com/business-research/global-sugar-confectionery-products-market-outlook-2028/

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This release was published on openPR.