Sugar and Confectionery Products Market Report 2025

This Sugar and Confectionery Products market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The sugar and confectionery products market size has grown steadily in recent years. It will grow from $368.31 billion in 2024 to $386.03 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%. 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 $464.12 billion in 2029 at a compound annual growth rate (CAGR) of 4.7%. 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 growth of the sugar and confectionery products manufacturing market is supported by stable economic growth projections in both developed and developing countries. According to the International Monetary Fund (IMF), global GDP growth reached 3.6% from 2021 to 2023. Recovering commodity prices, following a significant decline in the past, are also expected to contribute to the market's expansion. Developed economies are projected to experience stable growth throughout the forecast period, while emerging markets are anticipated to grow slightly faster than their developed counterparts. This stable economic growth is expected to boost investments in end-user markets, further driving the market during the forecast period.

The burgeoning e-commerce sector is expected to be a significant growth driver for the sugar and confectionery market in the future. E-commerce, the practice of buying and selling goods and services online, has become increasingly relevant. Sugar and confectionery companies have embraced e-commerce by operating online platforms, enabling customers to browse and purchase their products directly. This direct-to-consumer approach widens the market's reach and generates sales beyond physical stores. For instance, as of August 2023, data from the United States Census Bureau revealed that e-commerce estimates for the second quarter of 2023 increased by 7.5% (or 1.4%) compared to the second quarter of 2022, while overall retail sales rose by 0.6% (or 0.4%). Notably, 15.4% of all sales in the second quarter of 2023 were conducted through online stores. Therefore, the rising prominence of e-commerce is a driving force behind the sugar and confectionery market's growth.

Innovations in the confectionery market involve incorporating naturally occurring herbs and spices to enhance flavor profiles. This approach is considered essential for advancing the confectionery market. As per the United States Food and Drug Administration, 'natural flavor' refers to constituents derived from various sources, such as spices, fruits, vegetables, and more. The addition of herbs and spices provides manufacturers with the opportunity to create novel and distinctive taste profiles. For instance, Saltworks utilizes herbs and spices like espresso, vintage merlot, roasted garlic, rosemary, black truffle, Thai ginger, ghost pepper, lime, chipotle, jalapeno, habanero, and sriracha.

Leading companies operating in the sugar and confectionery products market are investing in innovative product offerings, including HFSS Products. HFSS stands for 'High in Fat, Salt, and Sugar,' categorizing food and beverage items with elevated levels of these nutrients. For example, in August 2022, Mondelez International, a U.S.-based food company, introduced eight non-HFSS Products across biscuits, confectionery, and drinking chocolate. These products are aimed at providing consumers with more options for mindful snacking and dietary management. As part of their commitment to mindful snacking, the company has long invested in offering consumers healthier choices, including the introduction of portion-control packaging designs and the inclusion of the Snack Mindfully emblem on all packs while providing nutritional information to consumers.

Major companies operating in the sugar and confectionery products market include Mondelez International Inc., Barry Callebaut AG, The Hershey Company, Nestle S.A., Wilmar International Ltd., Grupo Bimbo S.A.B. de C.V., Chocoladefabriken Lindt & Spruengli AG, Louis Dreyfus Company, CJ Corp, Yamazaki Baking Co. Ltd., Mars Wrigley Confectionery div. of Mars Inc., Ferrero International S.A., Pladis Group, Perfetti Van Melle B V, Haribo GmbH & Co. K.G., Ezaki Glico Co. Ltd., General Mills Inc., Grupo Arcor, Albanese Confectionery Group Inc., Jelly Belly Candy Company, The Topps Company Inc., Alfred Ritter GmbH & Co. KG, Trolli GmbH, The Kraft Heinz Company, The Ferrara Candy Company, The Warrell Corporation, The Promotion In Motion Companies Inc., Crown Confectionery Co. Ltd., Morinaga & Co. Ltd., Roshen Confectionery Corp., Cloetta AB, Yildiz Holding AS, Lotte Confectionery Co. Ltd., Orion Corp., American Licorice Co., Georgia Nut Co., Nellson LLC.

Sugar is a sweet, crystalline substance derived from sugarcane and sugar beet, commonly used as a sweetener in food and beverages. Confectionery products are foods that primarily consist of sugar or similar sweeteners. Both sugar and confectionery items serve as delightful treats that satisfy sweet cravings and enhance the flavor of various dishes. They play a significant role in celebrations and cultural traditions, symbolizing joy and indulgence, while also contributing to the economy by supporting jobs in agriculture and manufacturing.

The primary categories within the sugar and confectionery products sector include sugar itself and various confectionery products. Sugar, a sweet crystalline material composed mainly of sucrose, is obtained from a range of plants, with sugarcane and sugar beet being primary sources. It is widely used as a sweetening agent in the production of food and beverages. These products can be offered at different price points, including economy, mid-range, and luxury, and are distributed through various channels such as supermarkets, hypermarkets, convenience stores, e-commerce platforms, and other distribution channels.

The sugar and confectionery products research report is one of a series of new reports that provides sugar and confectionery products statistics, including sugar and confectionery products industry global market size, regional shares, competitors with sugar and confectionery products share, detailed sugar and confectionery product segments, market trends and opportunities, and any further data you may need to thrive in the sugar and confectionery products industry. This sugar and confectionery products research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Asia-Pacific was the largest region in the sugar and confectionery products market in 2024. Western Europe was the second-largest region in the sugar and confectionery products market. The regions covered in the sugar and confectionery products market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the sugar and confectionery products market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The sugar and confectionery products market consists of sales of raw sugar, liquid sugar, refined sugar, chocolate candy bars, chocolate fudge, chocolate syrup, chocolate granola bars, candied fruits, toffee, fudge, granola bars, chewing gum, jelly candies, marshmallows, and other sugar and confectionery products. The companies in the sugar and confectionery products industry process agricultural inputs such as sugarcane, beet and cacao into sugar and confectionery products such as chocolate, and package and distribute them through various distribution channels to both individual customers and commercial establishments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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