The Europe Sugar Confectionery market is expected to maintain a steady 3.46% CAGR until 2029, dominated by Ferrero International SA and Mondelez International.
Europe is the global leader of the sugar confectionery market, aided by the product portfolio extension and new brand launches by established players. Confectioneries' main ingredient is sugar or similar sweeteners. The consumer trend of snacking gives the sugar confectionery market demand to rise. Functional confectionery continues to grab the interest of both companies and consumers who are looking forward to newer and value-added products. One of the major hindrances to the market's growth is the presence of high sugar content in these confectioneries. Therefore, they are adding healthy ingredients to set themselves apart from the competition. New ingredients like pomegranate, cranberry, and acai with chia seeds, sea salt, and other fruit flavours are on the rise. Gum candies act as a functional ingredient type as they prevent cavities and cleanse the mouth and teeth. Perfetti Van Melle's product Mentos Greenway Gum is a loved confectionery by all. It is made with natural products, colours, and stevia as an alternative to sugar. It is available in three flavours: peppermint, spearmint, and sweet mint.
According to the research report, "Europe Sugar Confectionery Market Outlook, 2029," by Bonafide Research, it is projected to grow at a steady CAGR of 3.46% over the forecast period ending in 2029. The European sugar confectionery market is dominated by Ferrero International SA, Mondelez International, Mars Incorporated, and Nestle SA. Several other companies and local companies also cater to sugar confectionery demands, but during festivals, the traditional and well-established companies' products are preferred by consumers. Additionally, the companies are also expanding their product portfolios with enhanced nutritional content, new products, packaging formats, and advertising campaigns. Government actions to combat increased sugar consumption, as well as social media campaigns to raise public awareness, are limiting market growth. Increased sugar taxes to restrict its consumption further add to the price rise of the final confectionery product. Medicated lozenges, though a small category, have potential to grow as consumers look for cavity-free candies. Further infusion with healthy ingredients like menthol, honey, and lemon is expected to drive future market demand for the same products.
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Hard-boiled sweets lead the market, though, with declining demand. Competitive prices result in stiff competition within the brands. With an incline in health consciousness, the region has inclined towards the snack bar as an alternative to confectioneries. To surpass this hindrance, the manufacturers are constantly innovating around flavours like citrus, which have gained immense popularity. Although being a niche market, the use of vegetable extracts is also found in confectionery production. The change in the taste and preference of the customers towards healthy eating is allowing the segment of sugar-free confectionery to grow with an anticipated CAGR of 6.77% from 2024-29. However, the northern European countries have a strong obsession with liquorice, while the liquorice root is native to the southern part of the region. The market is led by the adult age group segment, which is also expected to be the fastest-growing segment with an anticipated CAGR of 3.84% by the forecast year.
In terms of sales channels, the region follows the global trend, with convenience stores leading the market in the year 2023. Factors such as an increase in gifting trends and the growth of retail marketing in the industry are expected to facilitate the market's growth in the coming years. By the end of the forecasted period, the e-commerce segment is expected to be growing with an anticipated CAGR of 7.96%. Germany leads the European region, with a market share of nearly 17.19% in the year 2023, while the rest of the European region is expected to grow to a share of little less than 50% by the end of 2029. In the UK, the focus on sugar strengthened in 2020 when Boris Johnson announced a new anti-obesity strategy. During the pandemic of COVID-19, even though the work from home routine boosted the snacking opportunity, on the other hand, the insecurity in the cash flow restricted the consumer's spending power. One of the major trends in the region is the rising idea of giving confectioneries in the form of reward and gratification, which is to aid the market in the coming period. The leading companies are focusing on improving their global position by enhancing their product lines and through mergers and acquisitions. Understanding the changes in lifestyles, companies are now innovating and introducing new products to cater to the customers' growing needs.
Companies Mentioned:
Mars Wrigley Confectionery, div. of Mars Inc., Ferrero Group, Haribo GmbH & Co. K.G., Perfetti Van Melle, Meiji Co. Ltd., Nestle SA, Hershey Co., Lotte confectionery Co Ltd, Mondelez International, Lindt & Sprungli AG
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Manmayi Raval
Research Consultant
Considered in this report
Geography: Europe
Base year: 2023
Estimated year: 2024
Forecast year: 2029
Aspects Covered in the report:
• Europe Market Size By Value for the time period (2015-2026F)
• Country Wise Market Size By Value for the time period (2015-2026F)
• Market Share by Product Type (Hard Boiled Sweets, Plain Mints, Caramel/ Toffee, Chewy, Novelty, Licorice, Sugar-free, Others) By Value
• Market Share by Age Group (Children(1-20 Age), Adult (20-55) & Geriatric(55 and above)) By Value
• Market Share by Sales Channel (Supermarket/Hypermarket, Convenience Stores, Pharmaceutical & Drug Stores, E-commerce & Others) By Value
Countries covered in the report:
Germany
United Kingdom
France
Spain
Italy
The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.
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Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to sugar confectionery industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
FAQ
1. What is the growth rate of Europe sugar confectionery market in 2027?
2. What are the major drivers for Europe sugar confectionery market?
3. What are the industry trends of the Europe sugar confectionery market?
4. What is the major regional market of Europe sugar Confectionery?
5. Who are the key sugar confectionery players in Europe?
Answers
1. Europe sugar confectionery market is forecast to grow at a CAGR of 3.16% through 2027.
2. The major drivers of the industry include rising population, increased product variety, and the expanding distribution channels and rise in disposable incomes.
3. The growing high-income class along with a solid growth in GDP in the US is expected to be a key trend guiding the growth of the industry.
4. Germany is the leading Europe sugar confectionery market.
5. Mars Wrigley Confectionery, div. of Mars Inc., Ferrero Group, Haribo GmbH & Co. K.G., Perfetti Van Melle, Meiji Co. Ltd., Nestle SA, Hershey Co., Lotte confectionery Co Ltd, Mondelez International, Lindt & Sprungli AG
Companies Mentioned
Lindt & Sprungli Group
Lotte Confectionery Co., Limited
Mars Incorporated
Meiji Holdings Co., Limited
Nestle SA
Ferrero SPA
Mondelez International
Hershey Company
Haribo GmbH & Co. K.G.
Perfetti Van Melle
Table of Contents
1. Executive Summary
2. Market Dynamics
2.1. Market Drivers & Opportunities
2.2. Market Restraints & Challenges
2.3. Market Trends
2.3.1. XXXX
2.3.2. XXXX
2.3.3. XXXX
2.3.4. XXXX
2.3.5. XXXX
2.4. Covid-19 Effect
2.5. Supply chain Analysis
2.6. Policy & Regulatory Framework
2.7. Industry Experts Views
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. Market Structure
4.1. Market Considerate
4.2. Assumptions
4.3. Limitations
4.4. Abbreviations
4.5. Sources
4.6. Definitions
5. Economic /Demographic Snapshot
6. Global Sugar Confectionary Market Outlook
6.1. Market Size By Value
6.2. Market Share By Region
6.3. Market Size and Forecast, By Geography
6.4. Market Size and Forecast, By Product Type
6.5. Market Size and Forecast, By Age Group
6.6. Market Size and Forecast, By Sales Channel
7. Europe Sugar Confectionary Market Outlook
7.1. Market Size By Value
7.2. Market Share By Country
7.3. Market Size and Forecast, By Product Type
7.4. Market Size and Forecast, By Age Group
7.5. Market Size and Forecast, By Sales Channel
7.6. Germany Sugar Confectionary Market Outlook
7.6.1. Market Size By Value
7.6.2. Market Size and Forecast By Product Type
7.6.3. Market Size and Forecast By Age Group
7.6.4. Market Size and Forecast By Sales Channel
7.7. United Kingdom Sugar Confectionary Market Outlook
7.7.1. Market Size By Value
7.7.2. Market Size and Forecast By Product Type
7.7.3. Market Size and Forecast By Age Group
7.7.4. Market Size and Forecast By Sales Channel
7.8. France Sugar Confectionary Market Outlook
7.8.1. Market Size By Value
7.8.2. Market Size and Forecast By Product Type
7.8.3. Market Size and Forecast By Age Group
7.8.4. Market Size and Forecast By Sales Channel
7.9. Italy Sugar Confectionary Market Outlook
7.9.1. Market Size By Value
7.9.2. Market Size and Forecast By Product Type
7.9.3. Market Size and Forecast By Age Group
7.9.4. Market Size and Forecast By Sales Channel
7.10. Spain Sugar Confectionary Market Outlook
7.10.1. Market Size By Value
7.10.2. Market Size and Forecast By Product Type
7.10.3. Market Size and Forecast By Age Group
7.10.4. Market Size and Forecast By Sales Channel
7.11. Russia Sugar Confectionary Market Outlook
7.11.1. Market Size By Value
7.11.2. Market Size and Forecast By Product Type
7.11.3. Market Size and Forecast By Age Group
7.11.4. Market Size and Forecast By Sales Channel
8. Competitive Landscape
8.1. Competitive Dashboard
8.2. Business Strategies Adopted by Key Players
8.3. Key Players Market Share Insights and Analysis, 2022
8.4. Key Players Market Positioning Matrix
8.5. Porter's Five Forces
8.6. Company Profile
8.6.1. Ferrero Group
8.6.1.1. Company Snapshot
8.6.1.2. Company Overview
8.6.1.3. Financial Highlights
8.6.1.4. Geographic Insights
8.6.1.5. Business Segment & Performance
8.6.1.6. Product Portfolio
8.6.1.7. Key Executives
8.6.1.8. Strategic Moves & Developments
8.6.2. Haribo GmbH & Co. K.G.
8.6.3. Lindt & Sprungli AG
8.6.4. Lotte Confectionery
8.6.5. Mars Wrignery
8.6.6. Meiji Holdings Co. Ltd
8.6.7. Mondelez International
8.6.8. Nestle S.A
8.6.9. Perfetti Van Melle
8.6.10. The Hershey Company
9. Strategic Recommendations
10. Annexure
10.1. FAQ`s
10.2. Notes
10.3. Related Reports
11. Disclaimer
Table 1: Global Sugar Confectionary Market Snapshot, By Segmentation (2023 & 2029) (in USD Billion)
Table 2: Influencing Factors for Sugar Confectionary Market, 2023
Table 3: Top 10 Counties Economic Snapshot 2022
Table 4: Economic Snapshot of Other Prominent Countries 2022
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Sugar Confectionary Market Size and Forecast, By Geography (2018 to 2029F) (In USD Billion)
Table 7: Global Sugar Confectionary Market Size and Forecast, By Product Type (2018 to 2029F) (In USD Billion)
Table 8: Global Sugar Confectionary Market Size and Forecast, By Age Group (2018 to 2029F) (In USD Billion)
Table 9: Global Sugar Confectionary Market Size and Forecast, By Sales Channel (2018 to 2029F) (In USD Billion)
Table 10: Europe Sugar Confectionary Market Size and Forecast, By Product Type (2018 to 2029F) (In USD Billion)
Table 11: Europe Sugar Confectionary Market Size and Forecast, By Age Group (2018 to 2029F) (In USD Billion)
Table 12: Europe Sugar Confectionary Market Size and Forecast, By Sales Channel (2018 to 2029F) (In USD Billion)
Table 13: Germany Sugar Confectionary Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 14: Germany Sugar Confectionary Market Size and Forecast By Age Group (2018 to 2029F) (In USD Billion)
Table 15: Germany Sugar Confectionary Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 16: United Kingdom Sugar Confectionary Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 17: United Kingdom Sugar Confectionary Market Size and Forecast By Age Group (2018 to 2029F) (In USD Billion)
Table 18: United Kingdom Sugar Confectionary Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 19: France Sugar Confectionary Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 20: France Sugar Confectionary Market Size and Forecast By Age Group (2018 to 2029F) (In USD Billion)
Table 21: France Sugar Confectionary Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 22: Italy Sugar Confectionary Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 23: Italy Sugar Confectionary Market Size and Forecast By Age Group (2018 to 2029F) (In USD Billion)
Table 24: Italy Sugar Confectionary Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 25: Spain Sugar Confectionary Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 26: Spain Sugar Confectionary Market Size and Forecast By Age Group (2018 to 2029F) (In USD Billion)
Table 27: Spain Sugar Confectionary Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 28: Russia Sugar Confectionary Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 29: Russia Sugar Confectionary Market Size and Forecast By Age Group (2018 to 2029F) (In USD Billion)
Table 30: Russia Sugar Confectionary Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Figure 1: Global Sugar Confectionary Market Size (USD Billion) By Region, 2023 & 2029
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Sugar Confectionary Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Sugar Confectionary Market Share By Region (2023)
Figure 6: Europe Sugar Confectionary Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: Europe Sugar Confectionary Market Share By Country (2023)
Figure 8: Germany Sugar Confectionary Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: UK Sugar Confectionary Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: France Sugar Confectionary Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Italy Sugar Confectionary Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 12: Spain Sugar Confectionary Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 13: Russia Sugar Confectionary Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 14: Competitive Dashboard of top 5 players, 2023
Figure 15: Market Share insights of key players, 2023
Figure 16: Porter's Five Forces of Global Sugar Confectionary Market
Sugar Confectionary Market Market Research FAQs
Europe sugar confectionery market is forecast to grow at a CAGR of 3.16% through 2027.
The major drivers of the industry include rising population, increased product variety, and the expanding distribution channels and rise in disposable incomes.
The growing high-income class along with a solid growth in GDP in the US is expected to be a key trend guiding the growth of the industry.
Germany is the leading Europe sugar confectionery market.
Mars Wrigley Confectionery, div. of Mars Inc., Ferrero Group, Haribo GmbH & Co. K.G., Perfetti Van Melle, Meiji Co. Ltd., Nestle SA, Hershey Co., Lotte confectionery Co Ltd, Mondelez International, Lindt & Sprungli AG
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