Global Sugar Confectionery Market Comprehensive Study: Forecasted Market Size And Growth Rate | Chupa Chups SA, Nestle S.A, Ferrero International SA, The Hershey Company, Lotte Confectionery Co. Ltd., Lindt & Sprüngli AG, PERFETTI VANMELLE PVT Ltd., Kraf

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2725

The Business Research Company offers in-depth market insights through Sugar Confectionery Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The sugar confectionery market size has grown strongly in recent years. It will grow from $46.97 billion in 2023 to $49.83 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to traditional and nostalgic appeal, innovative product development, marketing to children, seasonal and holiday demand, affordability and impulse purchases, cultural and regional preferences.

The sugar confectionery market size is expected to see strong growth in the next few years. It will grow to $61.04 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to health-conscious alternatives, premiumization, innovations in ingredients, sustainability practices, globalization of flavors. Major trends in the forecast period include clean label and natural ingredients, health-conscious offerings, innovative flavors and formats, premiumization and artisanal offerings, nostalgia and retro branding.

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Market Segmentation:
The sugar confectionery market covered in this report is segmented -

1) By Product Type: Hard-Boiled Sweets, Caramel And Toffees, Gums And Jellies, Medicated Confectionery, Mints, Marshmallows, Nougat, Lollipops, Liquorice
2) By Packaging: Sachet, Box, Other Packagings
3) By Distribution Channel: Convenience Stores, Departmental Stores, Online Stores, Retail Stores, Traders, Importers, Exporters

Major Driver - Rising Consumer Demand For Sweets And Chocolates Fuels Growth In Sugar Confectionery Market
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. Sweets and chocolates include various formulations and flavors that use sugar as a main ingredient, as a result, increasing demand for sweets and chocolates increases the demand for the sugar confectionery market. For instance, in March 2022, according to a report shared by National Confectioners Association, a US-based trade organization that promotes chocolate, candy, gum and mints, sales of chocolate and sweets in the US increased by 11% between 2020 and 2021. Additionally, confectionery retail sales were $36.9 billion overall in 2021 and were projected to reach $44.9 billion by 2026. Therefore, the increasing consumer demand for sweets and chocolates is driving the growth of the sugar confectionery market.

Competitive Landscape:
Major companies operating in the sugar confectionery market report are Chupa Chups SA, Nestle S.A, Ferrero International SA, The Hershey Company, Lotte Confectionery Co. Ltd., Lindt & Sprüngli AG, PERFETTI VANMELLE PVT Ltd., Kraft Foods Inc., The Wm. Wrigley Jr. Company, Mars Incorporated, HARIBO Dunhills (Pontefract) Plc, Barry Callebaut AG, Ingredion Incorporated, DSM Food Specialties B.V, Mondelez International, Meiji Co. Ltd., Pladis Global, Arcor Group, Crown Confectionery Co. Ltd., Orion Corporation, Morinaga & Co. Ltd., Roshen Confectionery Corp., August Storck KG, Yildiz Holding A.S., Jelly Belly Candy Co., Albanese Confectionery Group Inc., The Warrell Corp., Promotion In Motion Cos. Inc., Just Born Inc., Tootsie Roll Industries Inc., .

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Top Trend - Vegan Solutions In Sugar Confectionery
Product innovation is a key trend gaining popularity in the sugar confectionery market. Major companies operating in sugar confectionery are focused on developing innovative solutions to strengthen their position in the market. For instance, in June 2022, Mars Incorporated., a US-based multinational manufacturer of confectionery, launched a new product CO2COA, which is the first vegan milk chocolate bar. The CO2COA is primarily produced with animal-free, lactose-free, and earth-friendly chocolate bars. Additionally, it contains alternative protein energy for consumers with a delicious taste, and it comes wrapped in paper-based packaging.

The Table Of Content For The Market Report 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
…..
27. Sugar Confectionery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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