Global Sugar And Confectionery Products Market Price 2024, Forecast To 2033
19 Jan, 2024
The sugar and confectionery products market has exhibited strong growth, rising from $353.62 billion in 2023 to $371.74 billion in 2024, reflecting a 5.1% CAGR. Historical growth is attributed to the consumer sweet tooth, industrialization and mass production, global sugar production, marketing and branding, and seasonal and gifting traditions. Predictions estimate steady growth to $440.72 billion in 2028, with a 4.3% CAGR. Drivers include health-conscious consumer preferences, clean label and natural ingredients, sustainability and ethical sourcing, and digital marketing and e-commerce. Trends involve healthier indulgence, plant-based confectionery, artisan and craft confectionery, gourmet and premium chocolate, and personalized and customized sweets.
Global Sugar And Confectionery Products Market Key Driver
The sugar and confectionery products manufacturing market's growth is supported by stable economic forecasts in developed and developing nations. According to the International Monetary Fund (IMF), global GDP grew by 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices further boost market growth, with developed economies and emerging markets expected to grow slightly faster. This stable economic growth is poised to increase investments in end-user markets, driving the sugar and confectionery products manufacturing market during the forecast period.
Get A Free Sample Of The Global Sugar And Confectionery Products Market ReportGlobal Sugar And Confectionery Products Market Segments
The sugar and confectionery products market covered in this report is segmented –
1) By Type: Sugar, Confectionery Product
2) By Price Point: Economy, Mid-Range, Luxury
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments Covered: , Chocolate Confectionery, Sugar Confectionery, Gum Confectionery
By Geography: The regions covered in the sugar and confectionery products market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the sugar and confectionery products market in 2023. Western Europe was the second-largest region in the sugar and confectionery products market. The regions covered in the sugar and confectionery products market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Sugar And Confectionery Products Industry Players
Mondelez International Inc., Barry Callebaut AG, The Hershey Company, Nestle S.A., Wilmar International Ltd., Grupo Bimbo S.A.B. de C.V., Chocoladefabriken Lindt & Spruengli AG, Louis Dreyfus Company, CJ Corp, Yamazaki Baking Co. Ltd., Mars Wrigley Confectionery div. of Mars Inc., Ferrero International S.A., Pladis Group, Perfetti Van Melle B V, Haribo GmbH & Co. K.G., Ezaki Glico Co. Ltd., General Mills Inc., Grupo Arcor, Albanese Confectionery Group Inc., Jelly Belly Candy Company, The Topps Company Inc., Alfred Ritter GmbH & Co. KG, Trolli GmbH, The Kraft Heinz Company, The Ferrara Candy Company, The Warrell Corporation, The Promotion In Motion Companies Inc., Crown Confectionery Co. Ltd., Morinaga & Co. Ltd., Roshen Confectionery Corp., Cloetta AB, Yildiz Holding AS, Lotte Confectionery Co. Ltd., Orion Corp., American Licorice Co., Georgia Nut Co., Nellson LLC
Get The Full Global Sugar And Confectionery Products Market Report
Sugar And Confectionery Products Market Overview
Sugar is a sweet, crystalline substance obtained from sugarcane and sugar beet which is used as a sweetener in food and drinks. Confectionery products are foods that mainly consist of sugar or similar sweeteners.
Sugar And Confectionery Products Global Market Report 2023 provides data on the global sugar and confectionery products market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The sugar and confectionery products market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.