The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Consumer demand for sweets and chocolates is likely to drive innovation in sugar confectionery manufacturing, propelling the market over the forecast period.

The global sugar confectionery market is expected to grow from $46.71 billion in 2022 to $49.28 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%.The global sugar confectionery market size is expected to reach $58.52 billion in 2027 at a CAGR of 4.4%.

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Global Sugar Confectionery Market Segments Include:

• By Product Type: Hard-Boiled Sweets, Caramel And Toffees, Gums And Jellies, Medicated Confectionery, Mints, Marshmallows, Nougat, Lollipops, Liquorice
• By Packaging: Sachet, Box, Other Packaging
• By Distribution Channel: Convenience Stores, Departmental Stores, Online Stores, Retail Stores, Traders, Importers, Exporters
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global sugar confectionery market in 2021.

Major Market Players in the sugar confectionery market include Chupa Chups SA, Nestle S.A, Ferrero SpA, The Hershey Company, Lotte Confectionery Co. Ltd., Lindt & Sprüngli AG, Cadbury, Perfetti Van Melle, Kraft Foods Inc., The Wm. Wrigley Jr. Company.

Product innovation is a trendy trend in the sugar confectionery sector. Major sugar confectionery companies are focusing on finding novel solutions to boost their market position. For example, Mars Incorporated., a US-based international confectionery maker, debuted CO2COA, the first vegan milk chocolate bar, in June 2022. The CO2COA is made mostly from animal-free, lactose-free, and environmentally friendly chocolate bars. It also includes alternative protein energy with a delightful taste for consumers and is wrapped in paper-based packaging.

The Sugar Confectionery Global Market Report 2023  provides a sugar confectionery market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The sugar confectionery market forecast analyzes sugar confectionery market size, sugar confectionery market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Sugar confectioneries are sweet-tasting food items with a high sugar content. Sugar confectionery is the traditional primary use of sugar. Sugar confectionery has traditionally been the principal usage of sugar. It addresses the desires of customers for sensory delight, personal and experience rewards, treats, comfort and sharing, bonding, socialising, and enjoyable getaways.

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