Data Bridge Market Research analyses that the global sugar confectionery market which was growing at a value of USD 1.89 billion in 2022 is expected to reach the value of USD 2.52 billion by 2030, at a CAGR of 3.7% during the forecast period of 2023-2030
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Sugar Confectionery Market Analysis and Size
The global sugar confectionery market is a non-age-restricted segment. For the vast majority of the world's population, age has never been an impediment to indulging in sugar to satisfy their taste buds. For over a decade, the market has been growing steadily, and innovations in flavours and textures are contributing to the market's expansion.
Data Bridge Market Research analyses that the global sugar confectionery market which was growing at a value of USD 1.89 billion in 2022 is expected to reach the value of USD 2.52 billion by 2030, at a CAGR of 3.7% during the forecast period of 2023-2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Global Sugar Confectionery Market Scope
The global sugar confectionery market is segmented on the basis of type, packaging type and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Pastilles
- Gums
- Jellies
- Caramel and Toffees
- Hard-Boiled Sweets
- Medicated Confectionery
- Mints
- Others
Packaging type
- Sachet
- Box
- Others
Distribution channel
- Retail Stores
- Online stores
- Other
Global Sugar Confectionery Market Regional Analysis/Insights
The global sugar confectionery market is analysed and market size insights and trends are provided by country, type, packaging type and distribution channel.
The countries covered in the global sugar confectionery market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to dominate the global market during the forecast period due to rising demand for sugar confectionery products such as chocolates from emerging markets such as India and China. Furthermore, rising consumer health consciousness is expected to drive demand for sugar foods in Asia-Pacific.
Competitive Landscape and Global Sugar Confectionery Market Share Analysis
The global sugar confectionery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global sugar confectionery market.
Some of the major players operating in the global sugar confectionery market are:
- Barry Callebaut (Switzerland)
- Olam Group (Singapore)
- The Hershey Company (U.S.)
- Mars, Incorporated (U.S.)
- Ingredion (U.S.)
- DSM (Netherlands)
- Kerry Group plc (Ireland)
- Tate & Lyle (U.K.)
- Nestle SA (Switzerland)
- Cargill, Incorporated (U.S.)
- Blommer Chocolate Company (U.S.)
- Foley's Candies LP (Canada)
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