Sugar Confectionery Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Sugar confectionery is referred to as sweets and is eaten by nearly all income classes. Sugar confectionery contains candies (usually referred to as candy), candied nuts, chocolates, chewing gum, bubble gum, pastillage, and other sweets made mainly from sugar. These brands provide a wide variety of products, ranging from individually packaged candy to sophisticated packaging for cheap products.

MARKET DYNAMICS

The global sugar confectionery market is witnessing a notable growth rate and is expected to continue to do during the forecast period. The growth of the market can be attributed to the expansion of the product portfolio and the growing retail market. Further, the launch of new products with creative flavors and nutritious ingredients, a rise in the gifting trend, and expansion in the retail industry are expected to fuel demand in the near future. Furthermore, an increase in disposable income and population growth in emerging countries such as China and India is expected to increase the demand during the analysis period. However, a global increase in health awareness and an increase in cases of diabetes among the population of a few developed countries are hindering the market. The market is expected to emerge lucrative due to an increase in investment by key players in advertisement and marketing campaigns to improve their brand awareness.

MARKET SCOPE

The "Global Sugar Confectionery Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the sugar confectionery market with detailed market segmentation by product type, distribution channel, and geography. The global sugar confectionery market is expected to witness notable growth during the forecast period. The report provides key statistics on the market status of the leading sugar confectionery market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global sugar confectionery market is segmented on the basis of product type, and distribution channel. Based on product type, the global sugar confectionery market is segmented into hard-boiled sweets, caramel & toffees, gums & jellies, medicated confectionery, and others. Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, convenience stores, online retail, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global sugar confectionery market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The sugar confectionery market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the sugar confectionery market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the sugar confectionery market in these regions.
MARKETPLAYERS
The reports cover key developments in the sugar confectionery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Sugar confectionery market are anticipated to lucrative growth opportunities in the future with the rising demand for Sugar confectionery in the global market. Below mentioned is the list of few companies engaged in the Sugar confectionery market.

The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the Sugar confectionery market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Nestle 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
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Sugar Confectionery Market Report Analysis

MARKET PLAYERS

Sugar Confectionery Market Report Scope