Sugar Confectionery Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI5032
Sugar Confectionery market size is projected to witness healthy growth during the forecast timeframe owing to increasing focus of sugar confectionery producers towards investment on promotional activities, advertising campaigns, and social media marketing. Furthermore, surging demand from emerging economies such as India, China, Mexico, and South Africa coupled with growing trend of gifting confectionery products are major factors expected to provide growth opportunities in the sugar confectionery industry over the forecast period.
Sugar confectioneries are food products that are ready for consumption without further preparation. Sugar confectionery includes products such as candies, candied nuts, chewing gum, chocolates, and bubble gum, among others that are made primarily of sugar. Sugar confections are usually consumed as snack food and are prepared by dissolving sugar in water or milk to form a syrup. The mixture is boiled until it reaches the desired concentration or starts to caramelize. Sugar confectioneries are available in a wide variety of textures, from soft and chewy to hard and brittle. Hard boiled candies are the most common kind of sweets popular across the globe. Sugar confectioneries such as sweets and candies are available in wide range of fruit-based flavors such as orange, pineapple, mango, mint, pan, strawberry, and grapes, and sometimes with center filling also.
On the basis of type, the sugar confectionery market is categorized hard-boiled sweets, caramel & toffees, gums & jellies, medicated confectionery, and mints. The hard-boiled sweets segment accounted for the largest share in the global sugar confectionery industry owing to high popularity among kids and increasing demand from emerging economies. For instance, the child population in the United States in 2019 was over 70 million which is projected to boost the demand for sugar confectionery.
Different packaging forms are used for packaging of sugar confectionery items. The most used packaging type are sachet, box, and others. Packaging plays a major sole sugar confectionery industry in determining the end quality and the shelf life of the product. Moreover, packaging also helps to attract new customers in the market. This further bolsters the sale of sugar confectionery in the global market.
Based on distribution channel, sugar confectionery market is bifurcated into store-based and non-store based. The store-based segment accounted for the largest share in the global sugar confectionery market due to increasing preference of consumers towards buying sugar confectionery products through various stores such as supermarket, hypermarket, convenience stores, food services, and duty-free outlets.
North America sugar confectionery market size led by the U.S and is expected to exhibit substantial growth during the projected timespan owing to wider product availability, such as candied nuts, chewing gum, and sweetmeats. Moreover, around 160 million American consumers consumed chewing gum or bubble gum in 2020, this further propels the growth of sweet confectionery market in North America. Sweet confectionery manufacturers operating the US and Canada are increasing their product range by adding functional ingredients, tropical fruit, and nut-based & exotic flavors in confectionery product formulations to meet changing consumer taste and demands. Additionally, growing trend of gifting sweet confectionery products has enabled to propel the market growth over the past few years.
Europe driven by France, Italy, UK, and Germany Sugar Confectionery market size shall witness substantial growth in the forecasted timespan owing to surging demand from for higher quality and premium sweet confectionery products in major European countries such as Germany, UK, France, and Italy, among others. The European sugar confectionery market is characterized by the presence of leading sugar confectionery producers such as Ferrero SpA, Mondelez, Mars, Incorporated, and Nestlé S.A. In Germany, more than 8 million consumers consumed chocolate bars every week in 2020. Thus, high consumption of confectionery products is driving the sweet confectionery market across the European region.
Asia Pacific Sugar Confectionery market demand led by China, India and Japan may exhibit significant growth during the forecasted timespan owing to increasing customers preference the exotic confectionary products. The Confectionery & Snacks market in China is estimated to be more than USD 122 Billion in 2021. Therefore, rapid growth in confectionery and snacks market is projected to bolster the growth of sweet confectionery market. Sweet confectionery sales are increasing in China and India mainly owing to the rise in purchasing power among the consumers and increased use of sugar confectionery as a snack. The most popular sweet confectionery brands in the Indian market include ChlorMint, Alpenliebe, Big Babool gum from Perfetti; Mint-O, Candyman from ITC; Lacto Plus, Coffee Bite, Polo from Nestle, and Eclairs from Cadbury.
Global sugar confectionery market share is fragmented and includes various companies such as Ferrero Spa, HARIBO of America, Inc., Jelly Belly Candy Company, Lindt & Sprüngli AG, Lotte Confectionery, Nestlé S.A., Perfetti Van Melle, Specialty Food Association, Inc, The Hershey Company, and The Kraft Heinz Company. These companies are focusing on innovating and introducing new products to attract new customers in the market and cater the growing needs of the customers. For instance, in December 2020, Nestlé Polo launched three new packs to further strengthen its Polo mint product portfolio.
By Type, 2016-2027 (USD Million)
- Hard-Boiled Sweets
- Caramel & Toffees
- Gums & Jellies
- Medicated Confectionery
By Packaging, 2016-2027 (USD Million)
By Distribution Channel, 2016-2027 (USD Million)
- Non-store based
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Ferrero SpA
- HARIBO of America, Inc.
- Jelly Belly Candy Company
- Lindt & Sprüngli AG
- Lotte Confectionery
- Nestlé S.A.
- Perfetti Van Melle
- Specialty Food Association, Inc
- The Hershey Company
- The Kraft Heinz Company
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