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Rising Consumer Demand For Sweets And Chocolates Fuels Growth In Sugar Confectionery Market: A Key Factor Shaping the Future of the Sugar Confectionery Market in 2025
Sugar Confectionery Market
The surge in consumer cravings for sweets and chocolates is anticipated to hasten the expansion of the sugar confectionery market. The terms sweets and chocolates denote food products crafted by merging roasted and milled cocoa beans with sugar and fat, resulting in the creation of solid confectionery. Various flavor profiles and formulations that employ sugar as a crucial component are included in sweets and chocolates, hence, an upsurge in their demand directly boosts demand for the sugar confectionery market. For example, in March 2024, data from the National Confectioners Association, a trade group based in the US that advocates for chocolate, candy, gum, and mints, revealed that in 2023, chocolate sales in the United States soared to $48 billion, a notable rise from $42.6 billion in 2022. Consequently, the escalating consumer demand for sweets and chocolates is the key driver propelling the sugar confectionery market's growth.
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How will the growth rate of the sugar confectionery market shape industry trends by 2034?
In the past few years, the sugar confectionery market has seen significant growth. It is projected to increase from $49.35 billion in 2024 to $52.16 billion in 2025, showing a compound annual growth rate (CAGR) of 5.7%. Factors contributing to this growth in the historical period include the enduring appeal of traditional and nostalgic candy, innovations in product development, targeted marketing to children, spikes in demand during seasonal and holiday periods, affordability and impulsive buying tendencies, and distinctive cultural and regional tastes.
The market size for sugar confectionery is predicted to witness robust expansion in the forthcoming years. It is projected to escalate to $64.76 billion in 2029, with a compound annual growth rate (CAGR) of 5.6%. The escalation during the forecast period can be credited to factors such as health-aware substitutes, premiumization, innovative ingredients, sustainable practices, globalized flavors. Key trends for the forecast period include the use of clean label and natural ingredients, offerings catered to health-aware consumers, innovative flavors and formats, premiumization and handcrafted offerings, nostalgia and vintage branding.
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What trends are poised to drive the future success of the sugar confectionery market?
The tendency towards product innovation is a key emerging trend in the sugar confectionery market. The primary focus of significant companies in the sugar confectionery sector is the development of novel solutions to solidify their market standing. For example, Mars Incorporated., a confectionery manufacturer based in the United States, launched its pioneering vegan milk chocolate bar named CO2COA in June 2022. This bar is made chiefly from animal-free, lactose-free, and environmentally friendly chocolate. Additionally, it offers an alternative protein energy source for consumers, while offering a spectacular taste and being presented in paper-based packaging.
Which primary segments of the sugar confectionery market are driving growth and industry transformations?
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
Subsegments:
1) By Hard-Boiled Sweets: Fruit-Flavored, Mint-Flavored, Other Flavors
2) By Caramel And Toffees: Soft Caramels, Hard Caramels, Creamy Toffees, Chewy Toffees
3) By Gums And Jellies: Chewing Gum, Gummy Candies, Jelly Beans, Fruit Snacks
4) By Medicated Confectionery: Cough Drops, Throat Lozenges, Other Medicinal Candies
5) By Mints: Breath Mints, Mint Candies, Chewing Mints
6) By Marshmallows: Classic Marshmallows, Flavored Marshmallows, Mini Marshmallows
7) By Nougat: Almond Nougat, Chocolate Nougat, Fruit Nougat
8) By Lollipops: Hard Lollipops, Chewy Lollipops, Novelty Lollipops
9) By Liquorice: Soft Liquorice, Hard Liquorice, Flavored Liquorice
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Which geographical regions are pioneering growth in the sugar confectionery market?
North America was the largest region in the Sugar Confectionery market in 2024. The regions covered in the sugar confectionery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the sugar confectionery market landscape?
Major companies operating in the sugar confectionery market include Chupa Chups SA, Nestle S.A, Ferrero International SA, The Hershey Company, Lotte Confectionery Co. Ltd., Lindt & Sprüngli AG, PERFETTI VANMELLE PVT Ltd., Mars Incorporated, HARIBO Dunhills (Pontefract) Plc, Barry Callebaut AG, Ingredion Incorporated, 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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What Is Covered In The Sugar Confectionery Global Market Report?
• Market Size Forecast: Examine the sugar confectionery market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the sugar confectionery market for a structured understanding.
• Key Players Overview: Analyze major players in the sugar confectionery market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the sugar confectionery market.
• Segment Contributions: Evaluate how different segments drive overall growth in the sugar confectionery market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the sugar confectionery market.
• Industry Challenges: Identify potential risks and obstacles affecting the sugar confectionery market.
• Competitive Landscape: Review strategic developments in the sugar confectionery market, including expansions, agreements, and new product launches.
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