Report Summary

The global sugar confectionery market was valued at USD 48.2 billion in 2017 and is anticipated to grow at a CAGR of 4.3% during the forecast period. Sugar confectionery includes a large range of food items such as boiled sweets, toffees, marshmallows, and fondant. Boiled sweets are made from a concentrated sugar solution which is heated and then cooled to form a solid mass containing less than 2 per cent moisture. Boiled Sweets are available in different colors, flavors and shapes. The main ingredient used in the production of sweets is sucrose. Confectionery manufacturers use starch-based sweeteners to prevent crystallization, control sweetness and cooling effect, reduce hygroscopicity and enhance flavors. Owing to changing consumer preferences, market players are offering confectionery products with low calorie value, sugar-free composition and fiber enrichment.

The increasing population and rising disposable income drive the market growth. Increasing urbanization coupled with changing consumer lifestyles further support the market growth. The growing demand for food products with low fat and cholesterol content, and rising trend of low-fat convenience food in developing countries has encouraged market players in the sugar confectionery industry to launch innovative products to cater to the local flavor of consumers. Significant investments by market players in promotional activities, advertising campaigns, and social media marketing are expected to fuel the demand for sugar confectionery products during the forecast period.

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The growing retail industry, and rising trend of e-commerce further support the growth of the sugar confectionery industry. However, increasing health awareness, rising cases of obesity related diseases, and shift in trend towards consumption of low-calorie food are expected to restrict the market growth. Growing demand from emerging economies, increasing trend of gifting confectionery products, and rising demand for organic and premium chocolate products are factors expected to provide numerous growth opportunities in the sugar confectionery industry in the coming years.

Segment Analysis

The global sugar confectionery market is segmented on the basis of type, distribution channel, and region. Based on type, the sugar confectionery industry is segmented into hard-boiled sweets, gums and jellies, caramels and toffees, medicated confectionery, and others. The hard-boiled sweets dominated the global sugar confectionery industry in 2018 owing to high popularity among kids, and increasing demand from emerging economies. The report segments the distribution channel into offline stores, and online channels. The offline segment dominated the global market in 2018.

Sugar Confectionery Market Scope

By Type By Component By Region Hard-Boiled Sweets

Gums and Jellies

Caramels and Toffees

Medicated Confectionery

Others Offline Stores

Online Channels North America (U.S, Canada)

Europe (Germany, UK, France, Italy, Spain, Belgium, Russia, Netherlands, Rest of Europe)

Asia Pacific (China, India, Japan, Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines)

Latin America (Brazil, Mexico, Argentina, Rest of LATAM)

Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA)

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Regional Analysis

This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. Asia-Pacific is expected to grow at the highest rate during the forecast period owing to growing disposable income, and improving lifestyles in the region. The increasing trend of e-commerce, and rising marketing campaigns by leading players in the region support the growth.

Competitive Landscape

The leading players in the market include Nestle SA, Mondelez International, Perfetti Van Meller, Lindt & Sprungli, Hershey Food Corp, Ferrero Group, Mars Incorporated, Kraft Foods Co., WM Wrigley JR Company, and Haribo GmbH & Co. KG among others. These leading players in the market are introducing innovative products to cater to the growing requirements of consumers. Global players are entering new markets in developing regions to expand their customer base and strengthen presence in the market.