Sugar confectionery Market 1

Global Sugar Confectionery Market Research Report: by type, packaging

(sachet, box, and others) distribution channel, region – Forecast till 2023

Sugar Confectionery Market Research Report-

Forecast till 2023

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Sugar Confectionery Market Overview

Sugar Confectionery products majorly include pastilles, gums, jellies, and chews

which are high in sugar content. Increasing demand for confectionery products has

given an opportunity to the sugar confectionery manufacturers to come up with

various innovative sugar confectionery products. Furthermore, high demand for

sugar confectioneries among children is a major driving factor for the market growth.

Additionally, demand for medicated sugar confectionery is pushing the growth of the

market in a positive direction.

Global Sugar confectionery Product Industry are attractive and sweet which is

gaining traction among all the age groups. Changing consumption pattern followed

by increasing disposable income is boosting the growth of the sugar confectionery

market. Moreover, growing trend of gifting confectioneries is driving the growth of

the sugar confectionery market.

Various innovations in the sugar confectionery products are boosting the growth of

the market globally. Moreover, key players are growing their market through

attractive packaging, which is adding fuel to the growth of the sugar confectionery

market. However, increasing health conscious population followed by increasing

obesity may hamper the growth of the market. Nevertheless, all these factors are

projected to contribute to the estimated CAGR of 3.2% of sugar confectionery market

during the forecast period, 2017-2023.

Competitive analysis

The Major Players in The Sugar Confectionery Market

• THE HERSHEY COMPANY (U.S.)

• Nestlé (Switzerland)

• Mars Incorporated (U.S.)

• Mondelez International (U.S.)

• HARIBO (Germany)

• Ferrero (Italy)

• Wrigley (U.S.)

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Downstream analysis

Sugar Confectionery Market is segmented based on type such as pastilles, gums,

jellies, chews, and others. Among all, the pastilles segment is dominating the market

followed by the gums segment. Growing retail sector is majorly contributing to the

growth of pastilles segment as they usually fall under an impulsive purchase of the

consumers.

Based on the packaging, the sugar confectionery market is segmented into sachets,

boxes, and others. The sachet segment is dominating the market. However, the

boxes segment are expected to grow at the fastest rate in the coming years.

Based on the distribution channel, sugar confectionery market is segmented into the

store-based and non-store-based distribution channel. The store-based distribution

channel is dominating the market and is likely to continue its dominance over the

forecast period. However, the non-store-based distribution channel is expected to

gain moderate growth in the coming years.

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Regional Analysis

The Global Sugar Confectionery Market is segmented into North America, Europe,

Asia Pacific and rest of the world (RoW). North America is dominating the global

market. Use of sugar confectioneries on various occasions for gifting is a major driver

for this market in North America.

Europe is the second largest sugar confectionery market across the globe.

Asia Pacific is the fastest growing sugar confectionery market owing to high usage of

confectioneries in the festivals and customs in India. Moreover, continuous

innovation and new product launches with innovative packaging are supporting the

growth of sugar confectionery market in rest of the world.

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Sugar confectionery Market 1

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