Sugar Confectionery Market Strategic Insights and key Business Influencing Factors | Major Players – HARIBO of America, Inc.; Ferrero; Lindt & Sprüngli; The Kraft Heinz Company.
Sugar Confectionery Marketare sweet-tasting food products which as the name suggests are rich in sugar quantities. These confectioneries included products such as candies, chocolates, chewing gums, and various other varieties that are made or rich in sugar.
Global Sugar Confectionery Market is expected to grow with a steady CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018, and the historic year of 2017. This rise in market value can be attributed to growth of the retail market and availability of various distribution channels.
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Competitive Analysis: Global Sugar Confectionery Market
Few of the major competitors currently working in Global Sugar Confectionery Market are Hershey Company; Nestlé; Mars, Incorporated; Mondelēz International; HARIBO of America, Inc.; Ferrero; Lindt & Sprüngli; The Kraft Heinz Company; Perfetti Van Melle; LOTTE CONFECTIONERY CO.LTD.; Adams & Brooks, Inc.; Jelly Belly Candy Company.; AS Kalev,; Mapro Foods Pvt. Ltd.; Barambo; Roshen.ua; are few of the major competitors currently present in the market.
Key Pointers Covered in the Global Sugar Confectionery Market Trends and Forecast to 2026
- Global Sugar Confectionery Market New Sales Volumes
- Global Sugar Confectionery Market Replacement Sales Volumes
- Global Sugar Confectionery Market Installed Base
- Global Sugar Confectionery Market By Brands
- Global Sugar Confectionery Market Size
- Global Sugar Confectionery Market Procedure Volumes
- Global Sugar Confectionery Market Product Price Analysis
- Global Sugar Confectionery Market Healthcare Outcomes
- Global Sugar Confectionery Market Cost of Care Analysis
- Global Sugar Confectionery Market Regulatory Framework and Changes
- Global Sugar Confectionery Market Prices and Reimbursement Analysis
- Global Sugar Confectionery Market Shares in Different Regions
- Recent Developments for Global Sugar Confectionery Market Competitors
- Global Sugar Confectionery Market Upcoming Applications
- Global Sugar Confectionery Market Innovators Study
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Key Developments in the Market:
- In August 2018, LOTTE CONFECTIONERY CO.LTD. announced that they had collaborated with DKSH, expansion and distribution experts to achieve an expanded level of market share and capabilities in Singapore. DKSH will handle all the sales management, key account & product management, credit control services, warehousing & stock management, along with the order fulfilment.
- In March 2018, Nestlé announced the launch of chocolate bars with company’s innovative sugar reduction technology incorporated in the product. The white chocolate bars named as, “Milkybar Wowsomes” are advertised with 30% less sugar usage and will commercially sold in United Kingdom & Ireland.
- In January 2018, Nestlé announced that they have agreed to sell their U.S. confectionery business to Ferrero for USD 2.8 billion. This move will help in expanding both the company’s business models and the deal is expected to be completed by the end of 2018.
Market Drivers:
- Growth in the marketing expenditure and strong publicity activities resulting in growth of adoption for confectionery products
- Growth in the disposable income of individuals resulting in adoption of confectionery products for self-consumption as well as for gifting purposes; this factor is expected to drive the market growth
Market Restraints:
- Increasing population suffering from diabetes resulting in health concerns and decrease in adoption of the product; this factor is expected to restrain the market growth
- Vulnerable and fluctuating rate in the prices of raw materials; this factor is expected to act as a restraint to the market growth
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Key insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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