Global Sugar Confectionery Market Overview, 2022-2027

Global Sugar Confectionery Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition Forecast & Opportunities.

Featured Companies

  • 1. Lindt & Sprungli Group
  • 2. Lotte Confectionery Co., Limited
  • 3. Mars Incorporated
  • 4. Meiji Holdings Co., Limited
  • 5. Nestle SA
  • 6. Ferrero SPA
  • 7. Mondelez International
  • 8. Hershey Company
  • 9. Haribo GmbH & Co. K.G.
  • More...

Confectioneries are related to positive feelings of joy, comfort, love, relief, etc. Even when consumed without any celebration, sugar confectionery releases the feel-good chemical that triggers the brain. Sugar confectioneries are associated with many good and cherished memories for many. With such nostalgic links, they connect our brains to celebrations. Sugar confectionery includes a wide range of food items which are loved by everyone, irrespective of age and gender. They are available in a range of colors, shapes, and flavours, which makes them more appealing to consumers. These most-loved items consist of starch-based sweeteners, which are used to prevent crystallisation and reduce hygroscope. Sugar confectioneries are available in different types and textures, while the chewy confectionery remains the most loved one. The manufacturers are engaged in constant R&D with their trial and error with different combinations of ingredients. The quick shift in the brand is a common threat in the industry. 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. Bonafide Research's recent publication, "Global Sugar Confectionery Market Overview, 2027," is an in-depth study of the global market as well as the dynamics that will shape the market. The sugar confectionery market is expected to grow at a projected CAGR of 3.83% over the forecast period. The market has been growing at a steady pace on account of the high demand from middle-class consumers. The major market driver is the increase in disposable income coupled with lifestyle change. With the change in consumer preferences, manufacturers are now focusing on the production of low-calorie, sugar-free, and fiber-rich confectioneries. With this, the sugar-free confectionery segment is expected to witness an anticipated growth rate of 6.47% in the forecasted period. The hard-boiled sweet confectioneries are made from the concentrated sugar solution, which is heated, cooled down, and allowed to form into a solid mass with less than 2% moisture. However, the market is led by the chewy sugar confectionery segment, which in 2021 held a share of 36%. The sugar brings in comfort, which is seen as important in otherwise chaotic lives. This is the major reason why the adult group, consisting of a population between the ages of 20-55, leads the market with 47%. On the other hand, the younger population is now shifting towards a healthy lifestyle, which pushes them towards low-calorie consumption.

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By sales channel, convenience stores held a considerable market share, given the impulsive buying behaviour of consumers towards sugar confectioneries, with nearly 37% of the share in the year 2021. With the increase in the number of small-scale manufacturers, the e-commerce sales channel is expected to grow rapidly in the coming period. Yet, with many small-scale confectionery makers coming into the market, they depend more on the online sales channel to safeguard their margins. The segment is expected to grow at an anticipated CAGR of 7.46% through the forecasted period. The love for confectionaries is much the same across the world. Europe leads the global sugar confectionery market in 2021 with a major market share and is expected to be consistently growing in the future years too, which is backed by its pre-established dominance in the chocolate market. Given Asia's growing population and spending power, the sugar confectionery market in Asia will provide marketers with opportunities. The sugar confectionery market is expected to have significant growth in developed countries, backed by the increasing number of sales channels by the leading brands. In the year 2027, the South American market, along with the Middle East and Africa markets, is expected to contribute to a share of less than 10%. In addition, the rising population in developing countries is expected to drive the demand for sugar confectionery. Aside from that, there are scientific studies that show that eating candies increases one's life span. Some variants of sugar candies are also known for enhancing immune functions. Many manufacturers have been successful in converting this in terms of monetary gains. They are now willingly investing more in advertising and promotional activities.

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Manmayi Raval

Manmayi Raval

Research Consultant

Considered in the report: • Geography: Global • Base year: 2021 • Historical year: 2016 • Forecasted year: 2027 Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Aspects covered in the report: • Global Market Size By Value for the time period (2016-2027F) • Regional Market Size By Value for the time period (2016-2027F) • Country Wise Market Size By Value for the time period (2016-2027F) • 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 • Market Share by Region • Market Share by Company

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Manmayi Raval

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. 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.

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

  • Table of Contents
  • 1. Executive Summary
  • 2. Report Methodology
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Market Definition
  • 4. Global Sugar Confectionery Market Outlook
  • 4.1. Market Size by Value
  • 4.2. Market Share
  • 4.2.1. By Type
  • 4.2.2. By Age Group
  • 4.2.3. By Sales Channel
  • 4.2.4. By Region
  • 4.2.5. By Country
  • 4.2.6. By Company
  • 5. North America Sugar Confectionery Market Outlook
  • 5.1. Market Size by Value
  • 5.2. Market Share
  • 5.2.1. By Type
  • 5.2.2. By Age Group
  • 5.2.3. By Sales Channel
  • 5.2.4. By Country
  • 6. Europe Sugar Confectionery Market Outlook
  • 6.1. Market Size by Value
  • 6.2. Market Share
  • 6.2.1. By Type
  • 6.2.2. By Age Group
  • 6.2.3. By Sales Channel
  • 6.2.4. By Country
  • 7. Asia Pacific Sugar Confectionery Market Outlook
  • 7.1. Market Size by Value
  • 7.2. Market Share
  • 7.2.1. By Type
  • 7.2.2. By Age Group
  • 7.2.3. By Sales Channel
  • 7.2.4. By Country
  • 8. South America Sugar Confectionery Market Outlook
  • 8.1. Market Size by Value
  • 8.2. Market Share
  • 8.2.1. By Type
  • 8.2.2. By Age Group
  • 8.2.3. By Sales Channel
  • 8.2.4. By Country
  • 9. Middle East & Africa Sugar Confectionery Market Outlook
  • 9.1. Market Size by Value
  • 9.2. Market Share
  • 9.2.1. By Type
  • 9.2.2. By Age Group
  • 9.2.3. By Sales Channel
  • 9.2.4. By Country
  • 10. Market Dynamics
  • 10.1. Key Drivers
  • 10.2. Key Challenges
  • 11. Market Trends and Developments
  • 11.1. XXXXX
  • 11.2. XXXXX
  • 11.3. XXXXX
  • 12. Porter's Five Forces
  • 13. Company Profiles
  • 13.1. Ferrero Group
  • 13.2. Haribo GmbH & Co. K.G.
  • 13.3. Lindt & Sprungli AG
  • 13.4. Lotte Confectionery
  • 13.5. Mars Wrignery
  • 13.6. Meiji Holdings Co. Ltd
  • 13.7. Mondel?z International
  • 13.8. Nestle S.A
  • 13.9. Perfetti Van Melle
  • 13.10. The Hershey Company
  • 14. Strategic Recommendations
  • 15. Disclaimer

List of Tables
Table 1: Global Sugar Confectionery Market Share By Product Type (2016- 2021)
Table 2: Global Sugar Confectionery Market Share By Product Type (2022F-2027F)
Table 3: Global Sugar Confectionery Market Share by Sales Channel (2016, 2021 & 2027F)
Table 4: Global Sugar Confectionery Market Share by Region (2016, 2021 & 2027F)
Table 5: Global Confectionery Market Share by Country (2016, 2021 & 2027F)
Table 6: Global Sugar Confectionery Market Share by Company (2021)
Table 7: North America Sugar Confectionery Market Share By Product Type (2016- 2021)
Table 8: North America Sugar Confectionery Market Share By Product Type (2022F-2027F)
Table 9: North America Sugar Confectionery Market Share by Sales Channel (2016, 2021 & 2027F)
Table 10: North America Sugar Confectionery Market Share By Country (2016, 2021 & 2027F)
Table 11: Europe Sugar Confectionery Market Share By Product Type (2016- 2021)
Table 12: Europe Sugar Confectionery Market Share By Product Type (2022F-2027F)
Table 13: Europe Sugar Confectionery Market Share by Sales Channel (2016, 2021 & 2027F)
Table 14: Europe Confectionery Market Share By Country (2016, 2021 & 2027F)
Table 15: Asia Pacific Sugar Confectionery Market Share By Product Type (2016- 2021)
Table 16: Asia Pacific Sugar Confectionery Market Share By Product Type (2022F-2027F)
Table 17: Asia Pacific Sugar Confectionery Market Share by Sales Channel (2016, 2021 & 2027F)
Table 18: Asia Pacific Sugar Confectionery Market Share By Country (2016, 2021 & 2027F)
Table 19: South America Sugar Confectionery Market Share By Product Type (2016- 2021)
Table 20: South America Sugar Confectionery Market Share By Product Type (2022F-2027F)
Table 21: South America Sugar Confectionery Market Share by Sales Channel (2016, 2021 & 2027F)
Table 22: South America Sugar Confectionery Market Share By Country (2016, 2021 & 2027F)
Table 23: Middle East & Africa Sugar Confectionery Market Share By Product Type (2016- 2021)
Table 24: Middle East & Africa Sugar Confectionery Market Share By Product Type (2022F-2027F)
Table 25: Middle East & Africa Sugar Confectionery Market Share by Sales Channel (2016, 2021 & 2027F)
Table 26: Middle East & Africa Confectionery Market Share By Country (2016, 2021 & 2027F)
Table 27: Key Facts of Ferrero Group
Table 28: Key Facts of Haribo GmbH & Co. K.G.
Table 29: Key Facts of Lindt & Sprungli AG
Table 30: Key Facts of Lotte Confectionery
Table 31: Key Facts of Mars Wrignery
Table 32: Key Facts of Meiji Holdings Co. Ltd
Table 33: Key Facts of Mondel?z International
Table 34: Key Facts of Nestle S.A
Table 35: Key Facts of Perfetti Van Melle
Table 36: Key Facts of The Hershey Company

List of Figures
Figure 1: Global Sugar Confectionery Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 2: Global Sugar Confectionery Market Share By Age Group (2016, 2021 & 2027F)
Figure 3: North America Sugar Confectionery Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 4: North America Sugar Confectionery Market Share By Age Group (2016, 2021 & 2027F)
Figure 5: Europe Sugar Confectionery Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 6: Europe Sugar Confectionery Market Share By Age Group (2016, 2021 & 2027F)
Figure 7: Asia Pacific Sugar Confectionery Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 8: Asia Pacific Sugar Confectionery Market Share By Age Group (2016, 2021 & 2027F)
Figure 9: South America Sugar Confectionery Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 10: South America Sugar Confectionery Market Share By Age Group (2016, 2021 & 2027F)
Figure 11: Middle East & Africa Sugar Confectionery Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 12: Middle East & Africa Sugar Confectionery Market Share By Age Group (2016, 2021 & 2027F)

Feed Phosphate Market Research FAQs

The Confectionery Market projected to grow at 3.83% in the forecast period (2022-2027)

The most influencing segment growing in the Confectionery Market report is the sugar-free confectionery segment.

The key trends in the Confectionery Market report include growing demand for organically sourced raw materials, unique flavour and functional ingredients, organic herbal fillings, tropical fruit, nut-based and exotic flavours in product formulations.

Key factors that are driving the confectionery market growth include increasing consumers inclination toward gifting these products coupled with rising disposable income and rapid urbanization across the world.
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Global Sugar Confectionery Market Overview, 2022-2027

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