The analysts forecast global sugar confectionery market to grow at a CAGR of 3.76% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global sugar confectionery market for the period 2016-2020. To calculate the market size, the report considers the revenue generated through retail sales of sugar confectionery products in terms of product types such as hard-boiled sweets, caramels and toffees, gums and jellies, medicated confectionery, mints, and other sugar confectionery.
The report, Global Sugar Confectionary Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
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According to the sugar confectionery market report, the growing retail sector is driving the market. The retail sector has provided manufacturers a platform to make their products available to consumers, thus driving the sales of sugar confectionery products.
Sugar confectionery products have a high amount of sugar or sweetener. They are generally consumed as snack food. The global sugar confectionery market is divided into six major segments based on product type: hard-boiled sweets, caramels and toffees, gums and jellies, medicated confectionery, mints, and others. Sugar confectionery products are made available to consumers through hypermarkets and supermarkets, independent retailers, convenience stores, discounters, branded retail stores, and others.
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Global Sugar Confectionery Marketmain players are Ferrara Candy, HARIBO, Mondelez International, Nestlé, Perfetti Van Melle and Wrigley. Other Prominent Vendors in the market are: Adams and Brooks Candy, Albanese Confectionery Group, American Licorice, Anthony-Thomas Candy, Arcor, Atkinson Candy, August Storck, Bahlsen, Boyer Brothers, Bourbon, Brown and Haley, Cloetta, Crown Confectionery, Doumak, Enstrom Candies, Ezaki Glico, Ferrero, General Mills, Hammond's Candies, Hershey, Jelly Belly Candy, Just Born, Lindt & Sprungli, Lotte, Meiji, Orion, Orkla, Pearson's Candy, Roshen Confectionery, Spangler Candy, United Confectionery, WM Wrigley JR, Yildiz Holding and Zachary Confections.
Further, the report states that one of the major challenges faced by the market is strong trend toward health and wellness. People's efforts to lose weight and avoid medical conditions hinder the demand for sugar confectionery products.
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