The report titled “Global Sugar Confectionery Market Outlook, 2026” published by Bonafide Research identifies and discusses recent developments in sugar confectionery across the globe. This report not only serves with facts, figures and forecast, but also contains a detailed study on the Covid effect on the industry. As the name suggests, this sweet taste is enjoyed by all age groups across the world. The market is growing at a steady pace due to strong demand from middle class consumers. This market is divided into different types of hard candy, plain mints, caramel / caramel, chewy, novelty, licorice, sugar-free and others, children, adults and geriatric products, in terms of age group, according to the channel of sales: Supermarket / hypermarket, convenience stores, pharmacies and pharmacies, e-commerce and others, and by region and country.
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The main drivers of the market are the increase in disposable income and the increase in population in emerging countries. The sugar confectionery market during the period 2015-2020 has grown at a rate of 3.65%. With changing consumer preferences over time, players have been actively involved in introducing different variations such as low in calories and high in fiber. In addition, investments in promotional activities, point-of-sale advertising campaigns and social media marketing have been an added benefit for the growth of the industry. During the forecast period, the market is expected to reach a value of over $ 65 billion, which is expected to be supported by increasing urbanization which has resulted in lifestyle change. On the other hand, the slant of health consciousness among young people and the increasing traces of diabetes in the early ages are the major factors hampering the market.
Classified by product type, the chewable confectionery segment is very widespread and thus dominates the market with a value share of 37.99% in 2015. Without a doubt, diabetes is one of the growing health challenges. the fastest in the 21st century, which is also a root cause of various health problems. This is very likely to push the sugar-free segment in the coming years which will make it the fastest growing segment during the forecast period. During the forecast period, the sugar-free segment is expected to grow at an expected growth rate of 6.34%. However, the plain mint segment and the caramel / caramel segment are expected to together hold a share of just over 6% in 2026.
In terms of age group, the market is dominated by the adult age group segment which held just under 50% market share. Globally, this segment has shown marginal slope during the period and is also expected to be the fastest growing segment during the forecast period. As a result of this, the geriatric age groups segment had shown a considerable slope in the market during the historical period, but during the forecast period it is expected to show a decrease in share and reach 9, 49%. By sales channel, the market is dominated by the convenience store segment, which held nearly 40% of the market in 2015. Next comes the supermarket / hypermarket segment, which triggers the customer’s impulse buying decision through a placement. strategic. . However, during the forecast period, the e-commerce sales channel is expected to gain popularity considering the number of upcoming internet portals. The segment is expected to grow at an expected CAGR of 6.88%, supported by the growing preference for the number of discounts.
In terms of region, Europe retained a high share in 2015, which stood at 40%, given its high production capacity, a dominant position already established in the chocolate segment. However, on the other hand, with increasing population and spending capacity, the Asia-Pacific region is expected to become a promising potential market in the coming period. The increase in online shopping and the increase in social media campaigns in the region are supporting the growth. In 2026, the Latin America market as well as the Middle East and Africa market is expected to contribute less than 10% share.
Leading companies focus on improvising their global position by improving their product line and through mergers and acquisitions. Understanding changing lifestyles, companies innovate and launch new products to meet growing customer needs.
Confectionery Mars Wrigley, div. of Mars Inc., Ferrero Group, Haribo GmbH & Co. KG, Perfetti Van Melle, Meiji Co. Ltd., NestlÃ© SA, Hershey Co., LOTTE CONFECTIONERY CO., LTD., Mondelez International, Lindt & Sprungli AG
CONSIDERED IN THE REPORT
â¢ Geography: worldwide
â¢ Baseline year: 2020
â¢ Historic year: 2015
â¢ Forecast year: 2026
â¢ North America
â¢ Asia Pacific
â¢ Latin America
â¢ Middle East and Africa
ASPECTS COVERED IN THE REPORT
â¢ Global market size by value for the period (2015-2026F)
â¢ Regional market size by value for the period (2015-2026F)
â¢ Market size by country by value for the period (2015-2026F)
â¢ Market share by product type (hard candy, plain mints, caramel / caramel, soft, novelty, liquorice, sugar-free, others) by value
â¢ Market share by age group (children (1 to 20 years), adults (20 to 55 years) and geriatrics (55 years and over)) by value
â¢ Market share by sales channel (supermarket / hypermarket, mini markets, pharmacies and pharmacies, e-commerce and others) by value
â¢ Market share by region
â¢ Market share by country
â¢ Market share by company
2. Methodology of the report
3. Market structure
3.1. Market consideration
3.2. Market definition
4. Global Sugar Confectionery Market Outlook
4.1. Market size by value
4.2. Market share
4.2.1. By type
4.2.2. By age group
4.2.3. By sales channel
4.2.4. By region
4.2.5. By country
4.2.6. By company
5. North America Sugar Confectionery Market Outlook
5.1. Market size by value
5.2. Market share
5.2.1. By type
5.2.2. By age group
5.2.3. By sales channel
5.2.4. By country
To access the full report: https://www.bonafideresearch.com/product/211029851/global-sugar-confectionery-market
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