Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Sugar Confectionery Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Sugar Confectionery Market Growth?
The market size of the sugar confectionery industry has consistently increased over the past few years. It was valued at $46.87 billion in 2024 and is projected to reach $49.01 billion in 2025, growing at a compound annual growth rate (CAGR) of 4.6%.
What Is the Predicted Industry Size and CAGR of the Sugar Confectionery Market in 2029?
The Sugar Confectionery Global Market Report 2025 predicts that by 2029, the market will have grown to a size of $59.63 billion, with a compound annual growth rate (CAGR) of 5.0%.
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Which Factors Are Driving Growth in the Sugar Confectionery Market?
The key drivers in the sugar confectionery market are:
• Rising demand for health-conscious alternatives in confectionery
• A trend towards premiumization in the confectionery industry
• Ongoing innovation in confectionery ingredients
• Upward growth trend due to sustainability practices and globalization of flavors.
Which Segment Trends Are Covered in the Sugar Confectionery Market Forecast?
The sugar confectionerymarket covered in this report is segmented –
1) By Product Type: Hard-Boiled Sweets, Caramel And Toffees, Gums And Jellies, Medicated Confectionery, Mints, Marshmallows, Nougat, Lollipops, Liquorice
2) By Packaging: Sachet, Box, Other Packagings
3) By Distribution Channel: Convenience Stores, Departmental Stores, Online Stores, Retail Stores, Traders, Importers, Exporters
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What Are the Current Market Trends in the Sugar Confectionery Industry?
The key trends in the sugar confectionery market are:
• The trend towards health-conscious alternatives is gaining momentum in the sugar confectionery market.
• The market is also expected to be shaped by innovations in ingredients as well as sustainability practices.
• Another emerging trend is the premiumization and creation of artisanal offerings.
• The use of clean labels, natural ingredients and nostalgic or retro branding are key movements in the industry.
Who are the Key Companies in the Sugar Confectionery Market?
Major players in the sugar confectionery market are:
• Chupa Chups SA
• Nestle S.A
• Ferrero International SA
• The Hershey Company
• Lotte Confectionery Co. Ltd.
• Lindt & Sprüngli AG
• PERFETTI VANMELLE PVT Ltd.
• Mars Incorporated
• HARIBO Dunhills (Pontefract) Plc
• Barry Callebaut AG
• Ingredion Incorporated
• Mondelez International
• Meiji Co. Ltd.
• Pladis Global
• Arcor Group
• Crown Confectionery Co. Ltd.
• Orion Corporation
• Morinaga & Co. Ltd.
• Roshen Confectionery Corp.
• August Storck KG
• Yildiz Holding A.S.
• Jelly Belly Candy Co.
• Albanese Confectionery Group Inc.
• The Warrell Corp.
• Promotion In Motion Cos. Inc.
• Just Born Inc.
• Tootsie Roll Industries Inc.
What are the Regional Trends Across the Sugar Confectionery Market?
North America was the largest region in the Sugar Confectionery market in 2024
