Confectionery & Snacks – Global | Statista Market Forecast

The Sugar And Confectionery Products Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).

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According to The Business Research Company’s Sugar And Confectionery Products Global Market Report 2024, The sugar and confectionery products market size has grown strongly in recent years. It will grow from $353.62 billion in 2023 to $371.74 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%.  The  growth in the historic period can be attributed to consumer sweet tooth, industrialization and mass production, global sugar production, marketing and branding, seasonal and gifting tradition.

The sugar and confectionery products market size is expected to see steady growth in the next few years. It will grow to $440.72 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%.  The growth in the forecast period can be attributed to health-conscious consumer preferences, clean label and natural ingredients, sustainability and ethical sourcing, digital marketing and e-commerce. Major trends in the forecast period include healthier indulgence, plant-based confectionery, artisan and craft confectionery, gourmet and premium chocolate, personalized and customized sweets.

The sugar and confectionery products manufacturing market’s growth is aided by stable economic growth forecasted in many developed and developing countries. According to the International Monetary Fund (IMF), global GDP growth reached 3.3% in 2020 and 3.4% in 2021, both according to the IMF. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market’s growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period.

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The sugar and confectionery products market covered in this report is segmented –

1) By Type: Sugar; Confectionery Product

2) By Price Point: Economy; Mid-Range; Luxury

3) By Distribution Channel: Supermarkets/Hypermarkets; Convenience Stores; E-Commerce; Other Distribution Channels

Subsegments Covered: ; Chocolate Confectionery; Sugar Confectionery; Gum Confectionery

The sugar and confectionery products market report table of contents includes:

 

1. Executive Summary
2. Sugar And Confectionery Products Market Characteristics
3. Sugar And Confectionery Products Product/Service Analysis -Product/Service Examples
4. Sugar And Confectionery Products Market Trends And Strategies
5. Sugar And Confectionery Products Market – Macro Economic Scenario

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68. Global Sugar And Confectionery Products Market Competitive Benchmarking
69. Global Sugar And Confectionery Products Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Sugar And Confectionery Products Market
71. Sugar And Confectionery Products Market Future Outlook and Potential Analysis
72. Appendix

 

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