Sugar Confectionery Market 2024-2028
The sugar confectionery market is forecasted to grow by USD 24.8 bn during 2023-2028, accelerating at a CAGR of 5.5% during the forecast period. The report on the sugar confectionery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing product launches, increasing demand for low sugar confections, and increasing product innovation.
Technavio's sugar confectionery market is segmented as below:
- By Product Type
- Hard boiled sweets
- Caramel and toffees
- Gums and jellies
- Medicated confectionery
- Others
- By Distribution Channel
- Offline
- Online
- By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the rising prominence of online retailing as one of the prime reasons driving the sugar confectionery market growth during the next few years. Also, increasing demand for sugar confectionery from developing economies and increasing inorganic strategies by vendors will lead to sizable demand in the market.
The report on the sugar confectionery market covers the following areas:
- Sugar Confectionery Market sizing
- Sugar Confectionery Market forecast
- Sugar Confectionery Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading sugar confectionery market vendors that include Amar Bio-Organics India Pvt. Ltd., Bah Humbugs, Barry Callebaut AG, Dhiman Foods Pvt. Ltd, Ferrara Candy Co, Gumlink Confectionery Company AS, HARIBO GmbH and Co. KG, Mars Inc., Melbas Australia Pty Ltd, Mondelez International Inc., Nestle SA, Perfetti Van Melle Group BV, Prayagh Consumer Care P. Ltd., Saltire Candy Ltd., SHR TRADECORP Pvt Ltd, Somods Bolcher, Suncrest Food Makers, Swan Sweets Pvt Ltd., The Beechworth Sweet Co., and The Hershey Co.. Also, the sugar confectionery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.