Press release
Sugar Confectionery Market Forecast 2025-2034: Key Trends, Growth Opportunities, and Revenue Outlook
Sugar Confectionery Market
Polaris Market Research examines the sugar confectionery market to register a robust CAGR of 4.8% during 2025-2034. The market was valued at USD 50.37 billion in 2024 and is projected to grow to USD 80.43 billion by 2034.
What Is Sugar Confectionery?
Sugar confectionery, also known as sugar candy or sweets, refers to a category of food products that are primarily based on sugar or other sweeteners like syrup or honey. Sugar confectionery can be broadly classified into boiled sweets, fondants, crystalline confections, and amorphous confections. Boiled sweets are made by boiling sugar at high temperatures, whereas fondants involve the use of creamy sugar confections. The defining characteristic of sugar confectionery is the presence of sweeteners, which provide a sweet taste and texture. Many sugar confections are consumed as snacks, offering a sweet and satisfying treat.
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What's Propelling Market Forward?
Expansion of E-commerce Platforms: The rising prominence of e-commerce platforms is significantly shaping the market landscape. E-commerce platforms offer access to a wide array of niche and international brands. Also, consumers can benefit from seamless purchasing experiences and tailored recommendations, encouraging brand exploration beyond conventional retail. Customer reviews, promotions, and influencer marketing across online platforms further boost visibility and engagement, impacting the sugar confectionery market development favorably.
Urbanization and Changing Lifestyles: Consumer habits are evolving due to rising urbanization globally. Many consumers now prefer convenient, ready-to-consume products that suit their fast-paced urban life. The shift towards fragmented meal patterns has boosted the popularity of sugar confectionery items such as candies, mints, and chewing gum, which are perceived to be portable indulgences. Thus, the rise of urbanization and shifting lifestyle patterns are fueling market expansion.
Who Are Leading Market Players?
The competitive landscape is characterized by dynamic strategic movements. Market participants are engaged in regional diversification, portfolio enhancement, and expansion strategies to capitalize on niche taste preferences and emerging demographics. A few of the leading market participants include:
• Barry Callebaut
• Blommer Chocolate Company
• Cargill Inc.
• Ferrero
• Foley's Candies LP
• Kerry Group plc
• Mars, Incorporated
• Nestlé SA
• Olam Group
• PURATOS
• The Hershey Company
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Sugar Confectionery Market Report Highlights
o By product type, in 2024, the hard candy segment held the largest share owing to its extended shelf life, lower manufacturing cost, and high consumer preference.
o Based on distribution channel, the online retail segment is expected to witness the highest CAGR during the forecast period due to increasing digital penetration, changing consumer purchasing behavior.
o In 2024, the North America sugar confectionery market accounted for the significant growth, driven by strong consumer demand for indulgent treats and ongoing innovation in flavor, texture, and packaging.
o The Asia Pacific sugar confectionery market is projected to register the highest CAGR during the forecast period, driven by rising disposable incomes, urbanization, and shifting dietary patterns among younger consumers.
Which Segment Leads Market Development?
The sugar confectionery market is primarily segmented on the basis of product type, distribution channel, nature of product, and region.
Based on product type, the hard candy segment led the market in 2024. This is primarily attributed to lower manufacturing costs and the extended shelf life of hard candies. The ease of packaging, availability of wide flavor variety, and suitability for impulse purchases make hard candies widely popular.
Based on distribution channel, the online retail segment is projected to register the highest CAGR from 2025 to 2034. The segment's robust growth is driven by rising digital penetration and shifting consumer purchasing behavior. The rise of direct-to-consumer confectionery brands further contributes to the segment's appeal.
By Product Type Outlook (Revenue, USD Billion, 2020-2034)
• Chewing Gum
• Hard Candy
• Caramels & Toffees
• Others
By Distribution Channel Outlook (Revenue, USD Billion, 2020-2034)
• Supermarkets/Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Retail
• Others
By Nature of Product Outlook (Revenue, USD Billion, 2020-2034)
• Traditional Sugar-Based
• Sugar-Free/Low-Calorie
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How Is Regional Assessment Done?
By Regional Outlook (Revenue, USD Billion, 2020-2034)
🔹 North America
» US
» Canada
• Europe
» Germany
» UK
» France
» Italy
» Spain
» Russia
» Netherlands
» Rest of Europe
🔹 Asia Pacific
» China
» India
» Japan
» South Korea
» Indonesia
» Malaysia
» Vietnam
» Australia
» Rest of Asia Pacific
🔹 Latin America
» Argentina
» Brazil
» Mexico
» Rest of Latin America
• Middle East & Africa
» UAE
» Saudi Arabia
» Israel
» South Africa
» Rest of Middle East & Africa
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