Sugar confectionery market

Sugar Confectionery Market

Opportunity Analysis and Industry Forecast, 2016-2023

Global Opportunity Analysis and Industry Forecast, 2014-2022

Introduction • Global sugar confectionery market is expected to reach $55,594 million by 2022, registering a CAGR of 3.2% during 2016-2022.

• The sugar confectionery market is in growth at a steady pace on account of the high demand from middle-class consumers.

• Introduction of new products with innovative flavors & healthy ingredients, increase in gifting trend, and growth in retail market are expected to drive the demand in the near future.

• China and India is anticipated to augment the market during the analysis period.

Key Factors of the Market • Emerging markets such as China and India are expected to show the highest increase in demand for sugar confectionery products during the forecast period.

• The factors that drive the growth of global sugar confectionery market include increase in the retail market and expansion of product portfolio.

• Introduction of new products with innovative flavors & healthy ingredients, increase in gifting trend, and growth in retail market are expected to drive the demand in the near future.

Sugar Confectionery Market in India

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Key Benefits of the Market Key findings of the Sugar Confectionery Market: In terms of value, medicated confectionery segment is expected to expand at a CAGR of 3.9% during the forecast period.

Asia-Pacific is estimated to maintain its lead position throughout 2022, growing at a CAGR of 4.2%, in terms of value.

China occupied approximately half of the total Asia-Pacific sugar confectionery market in 2015.

India is expected to grow at the highest CAGR of 5.1%, in terms of value.

Market Segmentation

Key Players of the Market •

• • • • • • • • • •

Nestl SA Chupa Chups SA. Cadbury PLC. Kraft Foods Inc. Ferrero SpA. The Hershey Company Perfetti Van Melle S.P.A. HARIBO Dunhills (Pontefract) PLC Lotte Confectionery Co Ltd WM Wrigley JR Company and Lindt & Sprungli.

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