Confectionery is related to food products that comprise high sugar content such as chocolates, caramel, sweets, gums, candies, cookies, and marshmallows. These products are used to reduce stress, alleviate boredom, and to satisfy cravings.
Introduction of new products with innovative flavors & healthy ingredients, growth in retail market, and increase in gifting trend drive the market growth. Asia-Pacific is anticipated to register significant growth in the market, owing to rise in disposable income and increase in population in emerging countries such as China and India. In addition, introduction of low-priced, smaller versions of established confectionery chocolate brands by key players has supplemented the market growth However, rise in demand for sugar-free products on account of increase in instances of diabetes and growth in health concerns are anticipated to restrain market growth.
The report categorizes the global sugar confectionery market by product type into hard-boiled sweets, caramels & toffees, gums & jellies medicated confectionery, mints, and others (marshmallows, nougat, lollipops, and liquorice). Further, based on geography, the market is classified into North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in this market include the following:
Chupa Chups SA.
Kraft Foods Inc.
The Hershey Company
Perfetti Van Melle S.P.A.
HARIBO Dunhills (Pontefract) PLC,
Lotte Confectionery Co Ltd
WM Wrigley JR Company
Lindt & Sprungli
KEY BENEFITS FOR STAKEHOLDERS
This report provides a quantitative analysis of the current trends and estimations from 2014 to 2022 of sugar confectionery market, which assist to identify the prevailing opportunities.
Major countries in each region are mapped according to individual market revenue.
This study evaluates the competitive landscape to understand the competitive environment globally.
Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
Microlevel analysis is conducted based on type and region.
Key players and their significant developments in recent years are listed.
KEY MARKET SEGMENTS
By Product Type
Caramel & Toffees
Gums & Jellies
Others (Marshmallows, Nougat, Lollipops, and Liquorice)
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segment
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. CXO Perspectives
Chapter 3. Market Overview
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porters Five Forces Analysis
3.4. Market Dynamics
22.214.171.124. Increasing Retail Market
126.96.36.199. Increase In Disposable Income Of Consumers In Developing Economies
188.8.131.52. Shift Of Trend Towards Gifting Confectionery Items
184.108.40.206. Strong Marketing Campaigns
220.127.116.11. Volatile Nature Of Raw Material Prices
18.104.22.168. Increasing Awareness About Health Concerns And Instances Of Diabetes
22.214.171.124. Rising Demand For Organic And Premium Candies
3.5. Top Player Positioning
Chapter 4. Global Sugar Confectionery Market, By Product Type
4.1.1. Market Size And Forecast
4.2. Hard-Boiled Sweets
4.2.1. Key Market Trends, Growth Factors And Opportunities
4.2.2. Market Size And Forecast
4.3. Caramel And Toffees
4.3.1. Key Market Trends, Growth Factors And Opportunities
4.3.2. Market Size And Forecast
4.4. Gums And Jellies
4.4.1. Key Market Trends, Growth Factors And Opportunities
4.4.2. Market Size And Forecast
4.5. Medicated Confectionery
4.5.1. Key Market Trends, Growth Factors And Opportunities
4.5.2. Market Size And Forecast
4.6.1. Key Market Trends, Growth Factors And Opportunities
4.6.2. Market Size And Forecast
4.7.1. Key Market Trends, Growth Factors And Opportunities
4.7.2. Market Size And Forecast
Chapter 5. Global Sugar Confectionery Market, By Geography
5.1.1. Market Size And Forecast
5.2. North America
5.2.1. Key Market Trends, Growth Factors And Opportunities
5.2.2. Market Size And Forecast
126.96.36.199. Market Size And Forecast, By Product Type
188.8.131.52. Market Size And Forecast, By Product Type
184.108.40.206. Market Size And Forecast, By Product Type
5.3.1. Key Market Trends, Growth Factors And Opportunities
5.3.2. Market Size And Forecast
220.127.116.11. Market Size And Forecast, By Product Type
18.104.22.168. Market Size And Forecast, By Product Type
22.214.171.124. Market Size And Forecast, By Product Type
126.96.36.199. Market Size And Forecast, By Product Type
188.8.131.52. Market Size And Forecast, By Product Type
5.3.8. Rest Of Europe
184.108.40.206. Market Size And Forecast, By Product Type
5.4.1. Key Market Trends, Growth Factors And Opportunities
5.4.2. Market Size And Forecast
220.127.116.11. Market Size And Forecast, By Product Type
18.104.22.168. Market Size And Forecast, By Product Type
22.214.171.124. Market Size And Forecast, By Product Type
126.96.36.199. Market Size And Forecast, By Product Type
188.8.131.52. Market Size And Forecast, By Product Type
5.4.8. Rest Of Asia-Pacific
184.108.40.206. Market Size And Forecast, By Product Type
5.5.1. Key Market Trends, Growth Factors And Opportunities
5.5.2. Market Size And Forecast
220.127.116.11. Market Size And Forecast, By Product Type
5.5.4. Saudi Arabia
18.104.22.168. Market Size And Forecast, By Product Type
5.5.5. South Africa
22.214.171.124. Market Size And Forecast, By Product Type
126.96.36.199. Market Size And Forecast, By Product Type
188.8.131.52. Market Size And Forecast, By Product Type
184.108.40.206. Market Size And Forecast, By Product Type
5.5.9. Rest Of Lamea
220.127.116.11. Market Size And Forecast, By Product Type
Chapter 6. Company Profiles
6.1. Nestle Sa
6.1.1. Company Overview
6.1.2. Company Snapshot
6.1.3. Operating Business Segments
6.1.4. Business Performance
6.1.5. Key Strategic Moves And Developments
6.2. Chupa Chups Sa
6.2.1. Company Overview
6.2.2. Company Snapshot
6.2.3. Operating Business Segments
6.2.4. Business Performance
6.2.5. Key Strategic Moves And Developments
6.3. Cabbory Plc
6.3.1. Company Overview
6.3.2. Company Snapshot
6.3.3. Operating Business Segments
6.3.4. Business Performance
6.3.5. Key Strategic Moves And Developments
6.4. Kraft Foods Inc
6.4.1. Company Overview
6.4.2. Company Snapshot
6.4.3. Operating Business Segments
6.4.4. Business Performance
6.4.5. Key Strategic Moves And Developments
6.5. Ferrero Spa
6.5.1. Company Overview
6.5.2. Company Snapshot
6.5.3. Operating Business Segments
6.5.4. Business Performance
6.5.5. Key Strategic Moves And Developments
6.6. The Hershey Company
6.6.1. Company Overview
6.6.2. Company Snapshot
6.6.3. Operating Business Segments
6.6.4. Business Performance
6.6.5. Key Strategic Moves And Developments
6.7. Perfetti Van Melle S.P.A.
6.7.1. Company Overview
6.7.2. Company Snapshot
6.7.3. Operating Business Segments
6.7.4. Business Performance
6.7.5. Key Strategic Moves And Developments
6.8. Lotte Confectionery Co Ltd
6.8.1. Company Overview
6.8.2. Company Snapshot
6.8.3. Operating Business Segments
6.8.4. Business Performance
6.8.5. Key Strategic Moves And Developments
6.9. Lindt & Sprungli
6.9.1. Company Overview
6.9.2. Company Snapshot
6.9.3. Operating Business Segments
6.9.4. Business Performance
6.9.5. Key Strategic Moves And Developments
6.10. Wm Wrigley Jr Company
6.10.1. Company Overview
6.10.2. Company Snapshot
6.10.3. Operating Business Segments
6.10.4. Business Performance
6.10.5. Key Strategic Moves And Developments
Sugar confectioneries are referred to as food products containing high sugar content such as candies, chocolates, caramels, gums, and cookies, and various types such as. In addition, they include variety of products from inexpensive, to individually wrapped sweets, and to sweets with sophisticated packaging.
The factors that drive the growth of global sugar confectionery market include increase in the retail market and expansion of product portfolio. In addition, the increase in disposable income of consumers in developing countries and the shift of trend towards gifting confectionery items, incessant R&D, expansion by key players, emphasis on promotional activities & social media marketing, and advertising campaigns has led to augment in the global sugar confectionery market. However, high raw material prices are expected to hamper the growth of this market in the near future. Moreover, the rise in demand for dark chocolates and sugar free chocolates are also anticipated to restrain the growth over the forecast period. Major factors projected to impede the market growth are the increase in awareness among consumers about health concerns and the rise in incidence of diabetes globally.
Based on product type, the market is segmented into hard-boiled sweets, caramels & toffies, gums & jellies, medicated confectionery, mints, and others. Hard-boiled sweets accounted for maximum share in the global sugar confectionery market in 2015. Caramels & toffies and gums & jellies segments collectively accounted for more than two-fifths of the market share in 2015.
Key findings of the Sugar Confectionery Market:
In terms of value, medicated confectionery segment is expected to expand at a CAGR of 3.9% during the forecast period.
Asia-Pacific is estimated to maintain its lead position throughout 2022, growing at a CAGR of 4.2%, in terms of value.
China occupied approximately half of the total Asia-Pacific sugar confectionery market in 2015.
India is expected to grow at the highest CAGR of 5.1%, in terms of value.
In 2015, Asia-Pacific and North America collectively accounted for two-thirds share of the global sugar confectionery market, and are expected to continue this trend. China, India, and other developing countries are expected to witness high growth rate in Asia-Pacific during the forecast period
The major companies profiled in the report include Nestl SA, Chupa Chups SA., Cadbury PLC, Kraft Foods Inc., Ferrero SpA., The Hershey Company, Perfetti Van Melle S.P.A., HARIBO Dunhills (Pontefract) PLC, Lotte Confectionery Co Ltd, WM Wrigley JR Company, and Lindt & Sprungli.
- Nestlé SA
- Chupa Chups SA.
- Cadbury PLC,
- Kraft Foods Inc.
- Ferrero SpA.
- The Hershey Company
- Perfetti Van Melle S.P.A.
- HARIBO Dunhills (Pontefract) PLC,
- Lotte Confectionery Co Ltd
- WM Wrigley JR Company
- Lindt & Sprungli
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.