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The Global Sugar Confectionery Market Growth Globally at a rate of 3.65% Reports
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The sugar confectionery market is an example of a non-age-restricted segment. For the vast majority of the world's population, age has never been an impediment to indulging in sugar to satisfy their taste buds. For over a decade, the market has been growing steadily, and innovations in flavours and textures are contributing to the market's expansion.
Sugar Confectionery Market Dynamics
Drivers
- Rising expansion of retail channel for distribution of products
Diversification of products according to the needs
The constant desire to try new ethnic flavours and tastes is a major driving force in the sugar confectionery market. Over the years, the sugar industry has shifted its focus to producing healthier products.
Opportunity
The ease of payment for products through online channels, as well as the wide range of sugar flavours and textures, are important factors driving the popularity of e-commerce in the sugar confectionery market.
Recent Development
- Hershey's created a sugar bar in February 2022 to commemorate All Women and Girls. The "Celebrate SHE" bars are a limited edition. SHE was highlighted in the centre of the milk sugar bar by the brand.
- Mars will launch two new vegan sugar bars in January 2021, just in time for Veganuary. Following the release of its first free-from sugar, Galaxy Vegan, in 2019, the company has released vegan versions of two of its most iconic sugar bars, Bounty and Topic.
Global Sugar Confectionery Market Scope
Type
- Pastilles
- Gums
- Jellies
- Caramel & Toffees
- Hard-Boiled Sweets
- Medicated Confectionery
- Mints
- Others
Packaging type
- Sachet
- Box
- Others
Distribution channel
- Retail Stores
- Online stores
- Other
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Sugar Confectionery Market Regional Analysis/Insights
The countries covered in the sugar confectionery market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Competitive Landscape and Sugar Confectionery Market Share Analysis
The sugar confectionery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sugar confectionery market.
Major Key Player Sugar Confectionery Market
Some of the major players operating in the sugar confectionery market are:
- Barry Callebaut (Switzerland)
- Olam Group (Singapore)
- The Hershey Company (U.S.)
- Mars, Incorporated (U.S.)
- Ingredion (U.S.)
- DSM (Netherlands)
- Kerry Group plc (Ireland)
- Tate & Lyle (U.K.)
- Nestle SA (Switzerland)
- Cargill, Incorporated (U.S.)
- Blommer Chocolate Company (U.S.)
- Foley's Candies LP (Canada)
MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Dynamics
- Chapter Three: Market Scope
- Chapter four : Regional Analysis
- Chapter Five: Market Share Analysis
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