Sugar Confectionery

Sugar Confectionery

Global Sugar Confectionery Market to Reach US$73.5 Billion by 2030

The global market for Sugar Confectionery estimated at US$52.9 Billion in the year 2023, is expected to reach US$73.5 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2023-2030. Hard-Boiled Sweets, one of the segments analyzed in the report, is expected to record a 5.4% CAGR and reach US$22.8 Billion by the end of the analysis period. Growth in the Gums & Jellies segment is estimated at 4.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$14.2 Billion While China is Forecast to Grow at 7.7% CAGR

The Sugar Confectionery market in the U.S. is estimated at US$14.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$15.8 Billion by the year 2030 trailing a CAGR of 7.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.6% and 3.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Global Sugar Confectionery Market - Key Trends and Drivers Summarized

Why Is Sugar Confectionery Gaining Popularity Across Global Markets?

The sugar confectionery market has been witnessing significant growth due to the increasing demand for indulgent, novelty, and premium sweets. Sugar-based candies such as gummies, chocolates, toffees, and lollipops are consistently popular among consumers of all age groups. This demand is further amplified by the rise in seasonal and festive confectionery products, as well as gifts. Consumers are increasingly drawn to unique flavors, textures, and innovative products that offer an immersive experience, from nostalgic candy to gourmet sweets. As global consumers continue to seek both everyday treats and celebratory confections, the market for sugar confectionery continues to expand across retail, convenience, and e-commerce channels.

How Are Innovations in Sugar Confectionery Shaping the Market?

Innovations in sugar confectionery are reshaping the landscape, especially with the rising health consciousness among consumers. Manufacturers are increasingly introducing sugar-free, low-calorie, and organic confectionery options to cater to health-conscious consumers who want to indulge in sweets without compromising their dietary goals. Natural and clean-label ingredients, including natural sweeteners like stevia, are being incorporated to meet the demand for healthier treats. Additionally, advancements in packaging technology, such as resealable pouches and eco-friendly materials, are adding value to confectionery products, enhancing their appeal to environmentally conscious consumers. This focus on health, sustainability, and product differentiation is driving innovation in the sector.

Which Segments Are Leading in the Sugar Confectionery Market?

Key product types include hard candies, chocolates, gummies, jellies, caramels, and licorice. Gummies and jellies are among the fastest-growing segments due to their broad consumer appeal and the introduction of functional and vitamin-infused varieties. Distribution channels include supermarkets, hypermarkets, convenience stores, and online retailers, with e-commerce gaining significant traction due to its convenience and variety. Regionally, Europe and North America dominate the sugar confectionery market due to their established consumption patterns, while the Asia-Pacific region is experiencing rapid growth, driven by rising disposable incomes and increasing urbanization.

What Drives Growth in the Sugar Confectionery Market?

The growth in the Sugar Confectionery market is driven by several factors, including the increasing demand for indulgent and premium confectionery products, innovations in sugar-free and low-calorie sweets, and the expansion of e-commerce channels. Rising disposable incomes, particularly in developing regions, are fueling demand for sugar confectionery, while the growing trend of gifting during festivals and special occasions is further propelling market growth. Additionally, product innovations that cater to health-conscious consumers, such as organic and clean-label ingredients, are opening new avenues for growth. The focus on sustainable packaging and environmentally friendly practices also enhances market appeal, particularly in developed markets.

Select Competitors (Total 77 Featured) -

• Adams & Brooks, Inc.
• Anthony-Thomas Candy Co.
• Cloetta AB
• DB Bourbon Candy, LLC
• Ezaki Glico Co., Ltd.
• Ferrara Candy Co., Inc.
• Ferrero International SA
• Hammond's Candies
• Haribo GmbH & Co. KG
• Meiji Holdings Co., Ltd.
• Mondelez International
• Nestec, Inc.
• Perfetti Van Melle SpA
• Storck USA LP

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