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Future of the Sugar And Confectionery Products Market: Strategic Analysis and Forecast to 2034

08-20-2025 07:07 AM CET | Food & Beverage

Press release from: The Business Research Company

Sugar And Confectionery Products Market

Sugar And Confectionery Products Market

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Sugar And Confectionery Products Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past few years, the market size of sugar and confectionery products has seen a consistent increase. The market, valued at $368.31 billion in 2024, is projected to expand to $386.03 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.8%. Factors contributing to the growth during the historical period include consumer desire for sweets, industrialization and mass production, worldwide sugar production, effective marketing and branding strategies, and traditions related to seasonal gifting.

Sugar And Confectionery Products Market Size Forecast: What's the Projected Valuation by 2029?
It is predicted that the market size of the sugar and confectionery products will experience consistent expansion in the upcoming years. The projected value is set to hit $464.12 billion by 2029, growing at a 4.7% Compound Annual Growth Rate (CAGR). Factors such as consumers' health awareness, use of clean labels and natural ingredients, sustainable and ethical sourcing practices, and the rise of digital marketing and e-commerce contribute to this estimated growth during the forecasted period. Key trends during this period are expected to be healthier sweet treats, confectionery based on plant ingredients, artisan and craft confectionery, gourmet and premium chocolate, and personal and tailored sweets.

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What Are the Drivers Transforming the Sugar And Confectionery Products Market?
The consistent financial development anticipated in numerous advanced and developing nations is contributing to the expansion of the sugar and confectionery products manufacturing market. As per the International Monetary Fund (IMF), there was a Global GDP growth of 3.6% between 2021 and 2023. The revival of commodity prices, following a major fall in the past, is predicted to further bolster this market's growth. In the forthcoming period, developed economies are also set to witness steady growth. Moreover, the rate of growth in emergent markets is projected to slightly surpass that in developed markets. The anticipated solid economic growth is foreseen to augment investments in the end-user markets, propelling the market during the predicted period.

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What Long-Term Trends Will Define the Future of the Sugar And Confectionery Products Market?
The confectionery business is exploring natural herbs and spices to enhance the flavour spectrum of the industry. Creativity has played a crucial role in the growth and development of the confectionery sector. The United States Food and Drug Administration defines natural flavour or natural flavouring as the basic oil, oleoresin, essence, extract, protein hydrolysate, distillate, or any roasted or heated product or anxiolytic that comprises flavouring components obtained from a fruit, spice, vegetable juice, etc. The inclusion of herbs and spices provides an innovative method for manufacturers to experiment with new, unique taste profiles. For example, Saltworks incorporates a variety of herbs and spices including espresso, vintage merlot, roasted garlic, rosemary, black truffle, Thai ginger, ghost pepper, lime, chipotle, jalapeno, habanero, and sriracha.

Which Segments in the Sugar And Confectionery Products Market Offer the Most Profit Potential?
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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Which Firms Dominate the Sugar And Confectionery Products Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential in the Sugar And Confectionery Products Market?
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.

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