Food And Beverages

Global Sugar And Confectionery Products Market Overview And Prospects

December 17, 2021 by The Business Research Company

Learn about the global sugar and confectionery products market through The Business Research Company, which provides information on sugar and confectionery products market size, sugar and confectionery products market drivers and restraints, sugar and confectionery products market players, the COVID-19 impact on the sugar and confectionery products market, and more.

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The global sugar and confectionery products market is expected to grow from $341.62 billion in 2020 to $360.11 billion in 2021 at a compound annual growth rate (CAGR) of 5.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $475.65 billion in 2025 at a CAGR of 7%.

Stable economic growth is expected to increase investments in the end user markets, thereby driving the market during forecast period.

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The sugar and confectionery products market consists of sales of sugar and confectionery products by entities (organizations, sole traders and partnerships) that produce sugar and confectionery products. The companies in the sugar and confectionery products industry process agricultural inputs such as sugarcane, beet and cacao into sugar and confectionery products such as chocolate, and package and distribute them through various distribution channels to both individual customers and commercial establishments.

Global sugar and confectionery products market segments include:

By Type: Sugar, Confectionery Product

By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others

Subsegments Covered: Chocolate Confectionery, Sugar Confectionery, Gum Confectionery

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global sugar and confectionery products market, accounting for 48% of the market in 2020.

Confectionery manufactures are adding naturally occurring herbs and spices flavor in confectionery market. Innovation has been key to the development of the confectionery market. According to the United States, Food and Drug Administration the term natural flavor or natural flavoring means the essential oil, oleoresin, essence or extractive, protein hydrolysate, distillate, or any product of roasting, heating or enzymolysis, which contains the flavoring constituents derived from a spice, fruit or fruit juice, vegetable or vegetable juice, etc. Using herbs and spices give manufacturer give innovation of new and unique taste profiles.

TBRC’s sugar and confectionery products market report covers:

Major Market Players: Cargill, Tereos, Nordzucker Group AG, E.I.D Parry Limited, Sudzucker.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Sugar And Confectionery Products Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides sugar and confectionery products market overviews, analyzes and forecasts market size, share, sugar and confectionery products market players, sugar and confectionery products market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s sugar and confectionery products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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