Sugar confectioneries are food items
that are rich in sugar or sweetener content. Confectioneries are food products
that commonly include sugar syrup, honey, fruits, berries, butter, cocoa, milk,
nuts and more. Confectionaries are known by different names like candies,
sweets, toffees, lollies, and goodies in different regions. They include
different food items like chocolates, marshmallows, caramels, fudge and more.
Confectionaries with a wide range of items are consumed by almost all regions
and further growth in confectionary consumption is expected from developing
countries. European market is the largest one for confectioneries while North
America and Asia-Pacific are trailing behind. The Asia-Pacific market is
expected to show significant growth in the near future.
Some of the key drivers for the
growth of this market is increasing urbanization and rising disposal income of
consumers. Also, growing population and advancement in developing countries are
anticipated to impact the growth of the confectionary market. The market for
products like chocolates, chewing gums, and energy bars are expected to grow in
the future. Key companies in the confectionary market are now entering the developing
countries to exploit market opportunities. Product innovation is expected to
contribute to the global market growth.
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The major restraint for the
confectionary market is health awareness among consumers. Confectionary mainly
includes products made from sugar, which has high amount of calories and is
considered to be reason for diseases like obesity and diabetes. Also,
confectionary consumers majorly include children, hence, much focus is on the
composition of the food items. In addition to this, the market for snacks
and drinks is seen to effect the confectionary market growth negatively. Major
manufacturers are now trying to develop sugar-free products or products with
the same taste and with low calories.
Some of the key players in the
confectionary market are Kraft Foods Inc., Cadbury PLC., Nestlé SA, Mars Inc.,
Perfetti Van Melle S.P.A., Ferrero SpA., the Hershey Company, Lindt &
Sprungli, WM Wrigley JR Company, and Chupa Chups SA., among others.
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This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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