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Strong Economic Growth Outlook Fuels Expansion In Sugar And Confectionery Products Manufacturing Market: Key Factor Driving The Growth In The Sugar And Confectionery Products Market
Sugar And Confectionery Products
What Is the Expected Sugar And Confectionery Products Market Size During the Forecast Period?
The sugar and confectionery products market has grown steadily, from $368.31 billion in 2024 to $386.03 billion in 2025 at a CAGR of 4.8%. Growth in this market is due to consumer preferences for sweet products, industrialization and mass production, global sugar production, effective marketing and branding, and seasonal and gifting traditions.
The sugar and confectionery products market is expected to see steady growth, expanding to $464.12 billion by 2029 with a CAGR of 4.7%. Growth is influenced by health-conscious choices, demand for natural ingredients, responsible sourcing, and online retail. Key trends include healthier sweets, plant-based options, artisanal production, premium chocolates, and bespoke treats.
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What Are the High-Growth Segments in the Sugar And Confectionery Products Market?
The sugar and confectionery products market covered in this report is segmented -
1) By Type: Sugar, Confectionery Product
2) By Price Point: Economy, Mid-Range, Luxury
3) By Distribution Channel: Super markets Or Hyper markets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments:
1) By Sugar: Granulated Sugar, Brown Sugar, Powdered Sugar, Liquid Sugar, Specialty Sugars (Organic Sugar, Coconut Sugar)
2) By Confectionery Product: Hard Candy, Soft Candy, Chocolate Products, Gummy Candies, Licorice, Marshmallows, Chewing Gum, Sugar-Free Confectionery
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What Key Drivers Are Expected to Influence Future Sugar And Confectionery Products Market Growth?
The sugar and confectionery products manufacturing market is benefiting from stable economic growth in developed and developing countries. The global GDP growth forecast for 2024 is 3.2%, with a slight recovery in commodity prices expected to boost the market. Emerging markets are also expected to grow at a slightly faster pace than developed markets, further driving investments and supporting market expansion.
Which Companies Hold the Largest Share Across Different Sugar And Confectionery Products Market Segments?
Major companies operating in the sugar and confectionery products market include Mondelez International Inc., Barry Callebaut AG, The Hershey Company, Nestle S.A., Wilmar International Ltd., Grupo Bimbo S.A.B. de C.V., Chocoladefabriken Lindt & Spruengli AG, Louis Dreyfus Company, CJ Corp, Yamazaki Baking Co. Ltd., Mars Wrigley Confectionery div. of Mars Inc., Ferrero International S.A., Pladis Group, Perfetti Van Melle B V, Haribo GmbH & Co. K.G., Ezaki Glico Co. Ltd., General Mills Inc., Grupo Arcor, Albanese Confectionery Group Inc., Jelly Belly Candy Company, The Topps Company Inc., Alfred Ritter GmbH & Co. KG, Trolli GmbH, The Kraft Heinz Company, The Ferrara Candy Company, The Warrell Corporation, The Promotion In Motion Companies Inc., Crown Confectionery Co. Ltd., Morinaga & Co. Ltd., Roshen Confectionery Corp., Cloetta AB, Yildiz Holding AS, Lotte Confectionery Co. Ltd., Orion Corp., American Licorice Co., Georgia Nut Co., Nellson LLC.
What Are the Latest Developing Trends in the Sugar And Confectionery Products Market?
Confectionery manufacturers are incorporating naturally occurring herbs and spices into their products to enhance the flavor profile. Innovation plays a vital role in the development of the confectionery market. As defined by the United States Food and Drug Administration, natural flavor refers to essential oils, oleoresins, essences, extracts, protein hydrolysates, distillates, or any product obtained through roasting, heating, or other processes that contain flavoring compounds from spices, fruits, vegetables, and other natural sources. The use of herbs and spices allows manufacturers to create new, unique taste experiences. For example, Saltworks uses ingredients like espresso, vintage merlot, roasted garlic, rosemary, black truffle, Thai ginger, ghost pepper, lime, chipotle, jalapeno, habanero, and sriracha.
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What Are the Emerging Geographies for The Sugar And Confectionery Products Market Growth?
Asia-Pacific was the largest region in the sugar and confectionery products market in 2023. Western Europe was the second-largest region in the sugar and confectionery products market. The regions covered in the sugar and confectionery products market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Sugar And Confectionery Products Market?
2. What is the CAGR expected in the Sugar And Confectionery Products Market?
3. What Are the Key Innovations Transforming the Sugar And Confectionery Products Industry?
4. Which Region Is Leading the Sugar And Confectionery Products Market?
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