Industry Background:
Sugar confectionery is a product that includes boiled sweets (hard glasses), fatty emulsions (toffees and caramels), soft crystalline products (fudges), fully crystalline products (fondants), and gels (gums, pastilles, and jellies). These products offer a wide range of variety, ranging from individually wrapped sweets and sophisticated packaging for cheap products. The preferred type of confectioneries often differs according to the geographical region.This growth is primarily driven by Changing Lifestyle and Consumer Preferences
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Unit |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Ferrero Group (Luxembourg), Haribo (Germany), Mondelez International (United States), Nestle (Switzerland), Perfetti Van Melle (Italy), Wrigley, Adams and Brooks Candy, Albanese Confectionery Group, American Licorice, Anthony-Thomas Candy, Arcor, Atkinson Candy, August Storck and Bahlsen, etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Influencing Trend:
Introduction of New Flavors in the Confectionaries, Increasing Availability of Products through Online Channels and Addition of Organic Materials for the Preparation of Confectionaries
Market Growth Drivers:
Changing Lifestyle and Consumer Preferences, Rising Inclination of Consumers Towards Dark Chocolate and Growing Competition from Unorganized and Local Players and Increasing Consumption of Sugar Confectionery among Various Age Groups owing to its Taste and Organoleptic Properties
Challenges:
More Consumption of Confectionaries Leads to the Health Issues
Restraints:
Increasing Population Suffering from Diabetes Resulting in Health Concerns and Decrease in the Adoption of the product
Opportunities:
Growing Popularity in Developing Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Sugar Confectionery Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Sugar Confectionery Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Sugar Confectionery players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Sugar Confectionery Study Sheds Light on
The Sugar Confectionery Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Sugar Confectionery industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Sugar Confectionery industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.