Press release
Sugar Confectionery Market - Growth Opportunities in Medicated Sugar Confectioneries
The sugar confectionery market in Asia Pacific and Latin America has been expanding at a robust pace over the past few years owing to the surging demand for confectionery foods, sweet snacks, and medicated confectioneries. The scenario in the sugar confectionery market in APAC and LATAM has been changing of late as consumers in the rural areas of both regions make the most of their rising disposable income and changing lifestyle. Manufacturers of sugar confectionery products are presented with various expansion opportunities given the limited presence of major players in the market.The opportunity in the Asia Pacific and Latin America sugar confectionery market was worth US$26.1 bn in 2014, which is expected to rise to US$46.1 bn by 2023 at a CAGR of 5.7%.
Get an exclusive sample of this report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=13034
Dominance of Local Players in China Sugar Confectioneries Market
Asia Pacific, comprising China, Japan, South Korea, and others, accounted for more than 60% of the overall market in 2014 and this region is expected to witness steady growth during the forecast period. This can be attributed to the booming retail industry and the rise in disposable income. In addition, huge capital investments by major companies in emerging markets have resulted in the gradual decrease of the prices of sugar confectioneries. This reduction in price is predicted to fuel the demand for sugar confectionery products, especially in rural areas. There has also been a rising demand for premium confectionery products, a trend that is expected to boost the APAC market over the forecast period.
The sugar confectionery market in China is supported by the growing purchasing power of the consumers and the increasing use of confectionery as gifts on special occasions. Although international companies have a strong presence in China, particularly in high-end markets, domestic brands are more affordable and as a result remain popular in rural areas. The aging population, rising stress at work, and growing health consciousness have been influencing the trajectory of the Japanese sugar confectionery market at present.
The Latin America sugar confectionery market, comprising Brazil, Argentina, and the rest of Latin America, has been strongly supported by the growing sugarcane industry. The innovation in sugar confectioneries has also enhanced the market in this region. The consumption of candy, pastilles, gum, and nougat is expected to increase as alternatives to chocolate and this trend has been driving local players to invest significantly in the sugar confectionary market in Latin America.
Browse Press Release of this Research Report @ https://www.transparencymarketresearch.com/asia-pacific-latin-america-sugar-confectionery-market.html
Sugar confectionery comprises various products, such as boiled sweets, medicated confectionery, lollipops, mint, gums, pastilles, jellies and chews, and toffees, caramels and nougats. The toffees, caramels, and nougats segment was the key contributor to the Asia Pacific and Latin America sugar confectionery market and is likely to retain its lead throughout the forecast period. Medicated confectionery is widely used in the formulation of drugs for conditions such as cold, respiratory tract congestion, cough, and allergies. This segment is projected expand at the fastest pace by 2023 owing to its wide product range, especially in children’s medications.
Mondelez International, Nestle S.A., Lindt & Sprungli, Ferrero SpA, The Hershey Company, Mars Inc., Lotte Confectionery Co. Ltd., and Perfetti Van Mella SpA are the leading players in the sugar confectionery market.
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact TMR
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.co
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Sugar Confectionery Market - Growth Opportunities in Medicated Sugar Confectioneries here
News-ID: 775787 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for Latin
Latin America Energy Drinks Market
El nuevo estudio de Informes de Expertos titulado 'Mercado Latinoamericano de Bebidas Energizantes, Informe y Pronostico 2022-2027′, presenta una evaluacion exhaustiva del mercado, analizandolo segun el tipo de producto, canal de distribucion y las regiones importantes. La investigacion rastrea las tendencias mas recientes en el mercado y examina sus efectos sobre los principales factores de exito y restricciones. Ademas, evalua la dinamica del mercado y realiza analisis FODA y Cinco…
Latin America Electroceuticals Market
Latin America registers the significant growth of the electroceutical market during the forecast period especially in the countries including Brazil, Mexico among others, attributing to various driving factors. The growing prevalence of ischemic heart disease, age-related and other hearing loss, and epilepsy is creating demand for electroceuticals, thereby, anticipated to drive the growth of electroceuticals market in Latin America. As per the Institute for Health Metrics and Evaluation, in…
First TV Series in Latin
The turbulent adventures of the Roman restaurant owner Barrelius and his Germanic family in the ancient Roman Empire are the focus of the planned new television series MY MANIAC MANSIO.
Supporters of the recently launched project crowdfunding for the presentation of a MY MANIAC MANSIO trailer on major TV stations and international streaming services can not only secure "ancient" rewards, but also participate in the production as technical staff or even…
Latin America Colour Cosmetics Market
The colour cosmetics market in Latin America managed to keep its head above water over 2011-2016. The category recorded a CAGR of 1.7% despite a decline in value occurring towards the end of the period, Chile and Argentina offsetting the impact of economic crisis in Brazil and Venezuela. Direct selling still holds strong as the core channel for colour cosmetics purchases in the region but retail infrastructure is rapidly improving…
A Game Changer for Latin America? Shale Experts Analyse the Future of Unconventi …
Shale experts recently gathered in Buenos Aires to examine the potential impact of shale oil and gas resources in the Latin America region and globally. The CWC Summit was hosted in partnership with YPF and Y-TEC, and delegations in attendance included Chevron, Shell, Total, Schlumberger, Emerson and Halliburton, amongst others.
The welcoming address was delivered by Gonzalo Lopez Nardone, head of institutional relations for YPF and the opening address was given…
Latin America Oil & Gas Potential
Produced by The CWC Group, Latin American Oil and Gas Conference takes place on 25 – 27 October 2011, Mandarin Oriental Hotel, Miami, U.S.A. Organisers confirmed that the strategic conference will feature advanced insights from important organisations in the region alongside NOC’s showcases from Brazil, Mexico, Colombia, Trinidad & Tobago, Venezuela, Uruguay and Bolivia. Content centres on the development of the Latin America’s resources, the impact of shale…
