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Sugar Confectionery Market Report 2023 - Market Size, Growth, Trends And Forecast 2032 | Chupa Chups SA, Nestle S.A, Ferrero SpA, The Hershey Company, Lotte Confectionery Co. Ltd
Sugar Confectionery Market
Sugar Confectionery Market Size, Growth Rate, And Forecast
The global sugar confectionery market size is expected to grow from $46.71 billion in 2022 to $49.28 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global sugar confectionery market size is expected to reach $58.52 billion in 2027 at a CAGR of 4.4%.
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Sugar Confectionery Market Drivers
The increasing consumer demand for sweets and chocolates is expected to propel the growth of the sugar confectionery market going forward. Sweets and chocolates refer to food items created by combining cocoa beans that have been roasted and ground with sugar powder and fat to form solid confectionery.
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Sugar Confectionery Market Segments
• By Product Type: Hard-Boiled Sweets, Caramel And Toffees, Gums And Jellies, Medicated Confectionery, Mints, Marshmallows, Nougat, Lollipops, Liquorice.
• By Packaging: Sachet, Box, Other Packaging.
• By Distribution Channel: Convenience Stores, Departmental Stores, Online Stores, Retail Stores, Traders, Importers, Exporters.
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Sugar Confectionery market.
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Sugar Confectionery Market Key Players
Major competitors in the sugar confectionery market include Chupa Chups SA, Nestle S.A, Ferrero SpA, The Hershey Company, Lotte Confectionery Co. Ltd., Lindt & Sprüngli AG, Cadbury, Perfetti Van Melle.
The Business Research Company's "Global Sugar Confectionery Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Sugar Confectionery Market Include:
1. Executive Summary
2. Sugar Confectionery Market Characteristics
3. Sugar Confectionery Market Trends And Strategies
4. Sugar Confectionery Market - Macro Economic Scenario
5. Sugar Confectionery Market Size And Growth
……
26. Africa Sugar Confectionery Market
27. Sugar Confectionery Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sugar Confectionery Market
29. Sugar Confectionery Market Future Outlook and Potential Analysis
30. Appendix
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