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Global Sugar Confectionery Market 2016-2020

  • Published: Feb 2016
  • Pages: 71
  • SKU: IRTNTR8798
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This global market research report provides a comprehensive analysis of the sugar confectionery market by product (hard-boiled sweets, caramels and toffees, gums and jellies, and mints) and distribution channel (hypermarkets, independent retailers, and convenience stores). It outlines the market shares for key regions such as the Americas, APAC, and Europe, and MEA. The key vendors analyzed in this report are Ferrara Candy, HARIBO, Mondelez International, Nestlé, Perfetti Van Melle, and Wrigley.

Outlook of the sugar confectionery market

Technavio’s market research analyst predicts the global sugar confectionery market to grow at a CAGR of more than 3% during the forecast period. The rising trend of gifting confectionery items is a key growth driver for this market. Consumers are purchasing chocolate and sugar confectionery products not only for individual consumption but also as a gift item for others on birthdays or anniversaries. Sugar confectionery brands are also using attractive packaging to bring about this transition in consumers. For instance, Stockley's Quality Sweets, a UK-based sweet manufacturer, provides a selection of gifting options that can be purchased through its website.

The growing demand for organic and natural candies is also expected to aid market growth during the forecast period. There is a strong perception among consumers that organic products are healthier and of good quality; therefore, they do not hesitate to spend more on such products. This will also result in increased profit margins for manufacturers. Manufacturers can target quality-seeking consumers, especially middle-aged consumers who usually have low per capita consumption of sugar confectionery products owing to the high sugar content. St. Claire's organic liquorice sweets, Yummy Earth organic gummy bears, Hillside Candy's range of "go organic" candies, and Surf Sweets organic jelly beans are a few examples of organic candies available in the market.

Product segmentation and analysis of the sugar confectionery market

  • Hard-boiled sweets
  • Caramels and toffees
  • Gums and jellies
  • Medicated confectionery
  • Mints
  • Others

The hard-boiled segment accounted for more than 24% of the market share during 2015 and is expected to retain its market leadership until the end of 2020. This segment is driven by the growing retail sector. Confectionery items are often purchased on impulse, so modern retailers keep these items near the point of sale or billing counters. This creates convenience for the consumers, increasing the sale of hard-boiled sweets.

Segmentation by distribution channel and analysis of the sugar confectionery market

  • Hypermarkets and supermarkets
  • Independent retailers
  • Convenience stores
  • Others

During 2015, the hypermarkets and supermarkets segment accounted for the highest contribution, with more than 31% of the revenue generated by the sugar confectionery market. The emerging trend of organized retail has increased the market share of hypermarkets and supermarkets. Developed countries account for higher sales from this distribution format than developing countries do. This trend is anticipated to remain the same by 2020, with hypermarkets and supermarkets maintaining their leading position in this market.

Competitive landscape and key vendors

The global sugar confectionery market is highly fragmented because of the presence of numerous small and large vendors. The vendors in the market compete on the basis of price, quality, product differentiation, distribution, and promotion. The intense competition and declining profit margins, coupled with rapid technological changes, constitute significant risk factors in vendors' operations. Therefore, to survive and succeed in this competitive environment, it becomes imperative for vendors in the market to distinguish their product and service offerings through a clear and unique value proposition.

The key vendors in the market are -

  • Ferrara Candy 
  • HARIBO
  • Mondelez International
  • Nestlé
  • Perfetti Van Melle
  • Wrigley

Other prominent vendors in the market include 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.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global sugar confectionery market?
  • What are the key market trends impacting the growth of the sugar confectionery market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the vendors in the global sugar confectionery market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and Europe, and MEA?
  • What are the key outcomes of the five forces analysis of the sugar confectionery market?

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Table of Content

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Market overview
  • Base year
  • Vendor segmentation
  • Numerical figures
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation  by product type

  • Market segmentation of global sugar confectionery market by product type
  • Segmentation of global sugar confectionery market by product type 2015-2020
  • Global hard-boiled sweets market
  • Global caramels and toffees market
  • Global gums and jellies market
  • Global medicated confectionery market
  • Global mints market
  • Global other sugar confectionery market

PART 07: Market segmentation by distribution channel

  • Global sugar confectionery market by distribution channel 2015-2020

PART 08: Geographical segmentation

  • Global sugar confectionery market by geography
  • Segmentation of global sugar confectionery market by geography 2015-2020
  • Sugar confectionery market in Americas
  • Sugar confectionery market in Europe
  • Sugar confectionery market in APAC
  • Sugar confectionery market in MEA

PART 09: Key leading countries

  • US
  • China
  • Brazil
  • Germany
  • Japan
  • Mexico

PART 10: Market drivers

  • Growing retail market
  • Rise in disposable income
  • Availability of wide range of products
  • Promotional activities and social media marketing

PART 11: Impact of drivers

PART 12: Market challenges

  • Strong trend toward health and wellness
  • Competition from local and unorganized players
  • Consumer inclination toward dark chocolate

PART 13: Impact of drivers and challenges

PART 14: Market trends

  • Demand for premium products
  • Demand for sugar-free confectionery products
  • Increasing trend of gifting confectionery items
  • Demand for private labels
  • Growing demand for organic and natural candies

PART 15: Vendor landscape

  • Competitive scenario
  • Major market vendors
  • Ferrara Candy
  • HARIBO
  • Mondelez International
  • Nestlé
  • Perfetti Van Melle
  • Wrigley
  • Other prominent vendors
  • PART 16: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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