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Sugar And Confectionery Products Global Market Report 2024 - By Size, Trends, Key Factors, Outlook By 2033
The Business Research Company's Sugar And Confectionery Products Global Market Report 2024 Global Market Report 2023 identifies increasing growth of e-commerce as the major driver for the Sugar And Confectionery Products Global Market Report 2024 market's growth in the forecast period. E-commerce, short for electronic commerce, refers to the buying and selling of goods and services over the internet. Sugar and confectionery companies often operate e-commerce websites where customers can browse and purchase their products.
This direct-to-consumer approach allows companies to reach a broader audience and generate sales without relying solely on physical stores. The sugar and confectionery products market size has grown strongly in recent years. It will grow from $353.62 billion in 2023 to $371.74 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to consumer sweet tooth, industrialization and mass production, global sugar production, marketing and branding, seasonal and gifting tradition. The sugar and confectionery products market size is expected to see steady growth in the next few years. It will grow to $440.72 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%.
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Major competitors in the Sugar And Confectionery Products Global Market Report 2024 market are Mondelez International Inc., Barry Callebaut AG, The Hershey Company, Nestle S.A., Wilmar International Ltd.
A key trend in the Sugar And Confectionery Products Global Market Report 2024 market includes Major companies operating in the sugar and confectionery products market are innovating new products such as HFSS Products. HFSS is an abbreviation for 'High in Fat, Salt, and Sugar.' It is a label applied to certain food and beverage items that are rich in these nutrients. For instance, in August 2022, Mondelez International, a US-based food company, launched eight non-HFSS Products across biscuits, confectionery and drinking chocolate. These are intended to provide customers more options for mindful snacking and diet management. Committed to mindful snacking, the company has long made investments in providing consumers with options for good health, including the introduction of portion-control pack designs, the addition of the Snack Mindfully emblem to all packs, and providing information to customers.
Read More On The Global Sugar And Confectionery Products Global Market Report 2024 Market Report Here:
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The Sugar And Confectionery Products Global Market Report 2024 market is segmented -
• By Type: Sugar, Confectionery Product
• By Price Point: Economy, Mid-Range, Luxury
• By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments Covered: , Chocolate Confectionery, Sugar Confectionery, Gum Confectionery
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Sugar And Confectionery Products Global Market Report 2024 market.
The Business Research Company's "Global Sugar And Confectionery Products Global Market Report 2024 Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Sugar And Confectionery Products Global Market Report 2024 Market Include:
1. Executive Summary
2. Sugar And Confectionery Products Market Characteristics
3. Sugar And Confectionery Products Product/Service Analysis -Product/Service Examples
4. Sugar And Confectionery Products Market Trends And Strategies
5. Sugar And Confectionery Products Market - Macro Economic Scenario
..................
68. Global Sugar And Confectionery Products Market Competitive Benchmarking
69. Global Sugar And Confectionery Products Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Sugar And Confectionery Products Market
71. Sugar And Confectionery Products Market Future Outlook and Potential Analysis
72. Appendix
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