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Published Date: 2016-07-21Number of Pages: 77

Sugar Confectionery Market (Product Type - Boiled Sweets, Lollipops, Medicated Confectionery, Mint, Pastilles, Gums, Jellies and Chews, Toffees, Caramels and Nougat) - Asia Pacific and Latin America Industry Analysis, Trend, Size, Share and Forecast 2015 - 2023

Sugar Confectionery Market: Snapshot

The sugar confectionery market in Asia Pacific and Latin America has been expanding at a robust pace over the past few years owing to the surging demand for confectionery foods, sweet snacks, and medicated confectioneries. The scenario in the sugar confectionery market in APAC and LATAM has been changing of late as consumers in the rural areas of both regions make the most of their rising disposable income and changing lifestyle. Manufacturers of sugar confectionery products are presented with various expansion opportunities given the limited presence of major players in the market.

The opportunity in the Asia Pacific and Latin America sugar confectionery market was worth US$26.1 bn in 2014, which is expected to rise to US$46.1 bn by 2023 at a CAGR of 5.7%.

 

sugar-confectionery-market

 

Dominance of Local Players in China Sugar Confectioneries Market

Asia Pacific, comprising China, Japan, South Korea, and others, accounted for more than 60% of the overall market in 2014 and this region is expected to witness steady growth during the forecast period. This can be attributed to the booming retail industry and the rise in disposable income. In addition, huge capital investments by major companies in emerging markets have resulted in the gradual decrease of the prices of sugar confectioneries. This reduction in price is predicted to fuel the demand for sugar confectionery products, especially in rural areas. There has also been a rising demand for premium confectionery products, a trend that is expected to boost the APAC market over the forecast period.

The sugar confectionery market in China is supported by the growing purchasing power of the consumers and the increasing use of confectionery as gifts on special occasions. Although international companies have a strong presence in China, particularly in high-end markets, domestic brands are more affordable and as a result remain popular in rural areas. The aging population, rising stress at work, and growing health consciousness have been influencing the trajectory of the Japanese sugar confectionery market at present.

The Latin America sugar confectionery market, comprising Brazil, Argentina, and the rest of Latin America, has been strongly supported by the growing sugarcane industry. The innovation in sugar confectioneries has also enhanced the market in this region. The consumption of candy, pastilles, gum, and nougat is expected to increase as alternatives to chocolate and this trend has been driving local players to invest significantly in the sugar confectionary market in Latin America.

Growth Opportunities in Medicated Sugar Confectioneries

Sugar confectionery comprises various products, such as boiled sweets, medicated confectionery, lollipops, mint, gums, pastilles, jellies and chews, and toffees, caramels and nougats. The toffees, caramels, and nougats segment was the key contributor to the Asia Pacific and Latin America sugar confectionery market and is likely to retain its lead throughout the forecast period. Medicated confectionery is widely used in the formulation of drugs for conditions such as cold, respiratory tract congestion, cough, and allergies. This segment is projected expand at the fastest pace by 2023 owing to its wide product range, especially in children’s medications.

Mondelez International, Nestle S.A., Lindt & Sprungli, Ferrero SpA, The Hershey Company, Mars Inc., Lotte Confectionery Co. Ltd., and Perfetti Van Mella SpA are the leading players in the sugar confectionery market.

Chapter 1 Preface
1.1 Report description
1.2 Research scope
1.3 Research methodology

Chapter 2 Executive Summary

Chapter 3 Market Overview
3.1 Introduction
3.2 Supply Chain analysis
3.3 Market Dynamics
      3.3.1 Market Drivers
             3.3.1.1 Growing Consumer Demand for Healthy Confectionery Product
             3.7.1.2 Growing Young-Age Population Base, Drives the Sugar confectionery Market
             3.7.1.3 Large Untapped Market for Penetration
      3.3.2 Market Restraints
             3.2.2.1 Health Issue 
      3.3.3 Market Opportunities
             3.3.3.1 Market Opportunity in Medicated Confectionery Products
             3.3.3.2 Untapped Sugar Confectionery Market in rural Area
3.4 Key Trend Analysis
3.5 Sugar Confectionery Market: Market Attractiveness Analysis
      3.5.1 APAC Sugar Confectionery Market Attractiveness Analysis
      3.5.1 Latin America Sugar confectionery Market Attractiveness Analysis
3.6 Sugar confectionery MArket : Competitive Landscape
      3.6.1 APAC Sugar Confectionery Market : Company Market Share Analysis (2015)
      3.6.2 Latin America Sugar confectionery MArket : Company Market Share Analysis (2015)

Chapter 4 APAC and Latin America Sugar Confectionery Market Revenue, by Type, 2015 – 2023 (USD Billion)
4.1 Introduction
4.2 APAC and Latin America Sugar Confectionery Market : By Type, Revenue Share 2014 v/s 2023
4.3 Boiled Sweet
      4.3.1 Boiled Sweet Market Revenue and Forecast, 2014 – 2023 (USD Billion)
4.4 Lollipops
      4.4.1 Lolipops Market Revenue and Forecast, 2014 – 2023 (USD Billion)
4.5 Medicated Confectionery
      4.5.1 Medicated Confectionery Market Revenue and Forecast, 2014 – 2023 (USD Billion)
4.6 Pastilles, Gums, Jellies and Chews
      4.6.1 Pastilles, Gums, Jellies and Chews Market Revenue and Forecast, 2014 – 2023 (USD Billion)
4.7 Toffees, Caramels and Nougat
      4.7.1 Toffees, Caramels and Nougat Market Revenue and Forecast, 2014 – 2023 (USD Billion)
4.8 Others Confectionery
      4.8.1O thers Confectionery Market Revenue and Forecast, 2014 – 2023 (USD Billion)

Chapter 5 Sugar Confectionery Market Revenue, by Geography, 2015 – 2023 (USD Billion)
5.1 Overview
5.2 APAC and Latin America Sugar Confectionery MArket : by Geography, Revenue Share 2014 v/s 2023
5.3 Asia Pacific
      5.3.1 Asia Pacific Sugar Confectionery market by Country, 2014 – 2023: revenue forecast
      5.3.2 Asia Pacific Sugar Confectionery market by Product Type, 2014 – 2023: revenue forecast
             5.3.2.1 India Sugar Confectionery market, 2014 – 2023: revenue forecast
             5.3.2.1 1India Sugar Confectionery market by Product Type, 2014 – 2023: revenue forecast
             5.3.2.2 China Sugar Confectionery market, 2014 – 2023: revenue forecast
                       5.3.2.2.1 China Sugar Confectionery market by Product Type, 2014 – 2023: revenue forecast
             5.3.2.3 Japan Sugar Confectionery market ,2014 – 2023: revenue forecast
                       5.3.2.3.1 Japan Sugar Confectionery market by Product Type, 2014 – 2023: revenue forecast
             5.3.2.4 South Korea Sugar Confectionery market, 2014 – 2023: revenue forecast
                       5.3.2.4.1 South Korea Sugar Confectionery market by Product Type, 2014 – 2023: revenue forecast
             5.3.2.5 Rest of APAC Sugar Confectionery market, 2014 – 2023: revenue forecast
                       5.3.2.5.1 Rest of APAC Sugar Confectionery market by Product Type, 2014 – 2023: revenue forecast
5.4 Latin America
      5.4.1 Latin America Sugar Confectionery market by Country, 2014 – 2023: revenue forecast
      5.4.2 Latin America Sugar Confectionery market by Product Type, 2014 – 2023: revenue forecast
             5.4.2.1 Brazil Sugar Confectionery market, 2014 – 2023: revenue forecast
                       5.4.2.1.1 Brazil Sugar Confectionery market by Product Type, 2014 – 2023: revenue forecast
             5.4.2.2 Argentina Sugar Confectionery market, 2014 – 2023: revenue forecast
                       5.4.2.2.1 Agentina Sugar Confectionery market by Product Type, 2014 – 2023: revenue forecast
             5.4.2.3 Rest of Latin America Sugar Confectionery market ,2014 – 2023: revenue forecast
                       5.4.2.3.1 Rest of Latin America Sugar Confectionery market by Product Type, 2014 – 2023: revenue forecast

Chapter 6 Company Profiles
6.1 The Hershey Company
      6.1.1 Company Details (HQ, Foundation Year, Employee Strength)
      6.1.2 Market Presence, By Segment and Geography
      6.1.3 Key Developments
      6.1.4 Strategy and Historical Roadmap
      6.1.5 Revenue and Operating Profits
6.2 Nestle S.A..
      6.2.1 Company Details (HQ, Foundation Year, Employee Strength)
      6.2.2 Market Presence, By Segment and Geography
      6.2.3 Key Developments
      6.2.4 Strategy and Historical Roadmap
      6.2.5 Revenue and Operating Profits
6.3 Mondelez International
      6.3.1 Company Details (HQ, Foundation Year, Employee Strength)
      6.3.2 Market Presence, By Segment and Geography
      6.3.3 Key Developments
      6.3.4 Strategy and Historical Roadmap
      6.3.5 Revenue and Operating Profits
6.4 Mars Inc.
      6.4.1 Company Details (HQ, Foundation Year, Employee Strength)
      6.4.2 Market Presence, By Segment and Geography
      6.4.3 Key Developments
      6.4.4 Strategy and Historical Roadmap
      6.4.5 Revenue and Operating Profits
6.5 Ferrero SpA
      6.5.1 Company Details (HQ, Foundation Year, Employee Strength)
      6.5.2 Market Presence, By Segment and Geography
      6.5.3 Key Developments
      6.5.4 Strategy and Historical Roadmap
6.5 Revenue and Operating Profits
      6.6 Lindt & Sprunli
      6.6.1 Company Details (HQ, Foundation Year, Employee Strength)
      6.6.2 Market Presence, By Segment and Geography
      6.6.3 Key Developments
      6.6.4 Strategy and Historical Roadmap
      6.6.5 Revenue and Operating Profits
6.7 Lotte Confectionery
      6.7.1 Company Details (HQ, Foundation Year, Employee Strength)
      6.7.2 Market Presence, By Segment and Geography
      6.7.3 Key Developments
      6.7.4 Strategy and Historical Roadmap
      6.7.5 Revenue and Operating Profits
6.8 Perfetti Van MElla SpA.
      6.8.1 Company Details (HQ, Foundation Year, Employee Strength)
      6.8.2 Market Presence, By Segment and Geography
      6.8.3 Key Developments
      6.8.4 Strategy and Historical Roadmap
      6.8.5 Revenue and Operating Profits

List of Figures 

FIG. 1 Market segmentation: APAC and Latin America Sugar Confectionerys Market
FIG. 2 Supply chain analysis for APAC and Latin America Sugar Confectionerys market
FIG. 3 APAC Market Attractiveness Analysis, by Product Type, 2015
FIG. 4 Latin America Market Attractiveness Analysis, by Product Type, 2015
FIG. 5 APAC Market Share, by Key Sugar Confectionerys Vendors, 2015 (Value %)
FIG. 6 Latin America Market Share, by Key Sugar Confectionerys Vendors, 2015 (Value %)
FIG. 7 APAC and Latin America Sugar Confectionerys Market Revenue Share (%), By Product, 2014 vs 2023
FIG. 8 Boiled Sweet Market Revenue and Forecast, 2014 – 2023 (USD Billion)
FIG. 9 Lollipops Market Revenue and Forecast, 2014 – 2023 (USD Billion)
FIG. 10 Medicated Confectionery Market Revenue and Forecast, 2014 – 2023 (USD Billion)
FIG. 11 Mint Market Revenue and Forecast, 2014 – 2023 (USD Billion)
FIG. 12 Pastilles, Gums, Jellies and Chews Market Revenue and Forecast, 2014 – 2023 (USD Billion)
FIG. 13 Toffees, Caramels and Nougat Market Revenue and Forecast, 2014 – 2023 (USD Billion)
FIG. 14 Others Market Revenue and Forecast, 2014 – 2023 (USD Billion)
FIG. 15 APAC and Latin America Sugar Confectionerys market, by Gerography,2014 VS 2023
FIG. 16 Asia Pacific Sugar Confectionerys market , 2014 – 2023(USD Billion)
FIG. 17 India Sugar Confectionerys Market , 2014 – 2023: revenue forecast (USD Billion)
FIG. 18 China Sugar Confectionerys market, 2014 – 2023: Revenue forecast(USD Billion)
FIG. 19 Japan Sugar Confectionerys market, 2014 – 2023: Revenue forecast(USD Billion)
FIG. 20 South Korea Sugar Confectionerys market , 2014 – 2023(USD Billion)
FIG. 21 Rest of APAC Sugar Confectionerys Market , 2014 – 2023: revenue forecast (USD Billion)
FIG. 22 Latin America Sugar Confectionerys market, 2014 – 2023: Revenue forecast(USD Billion)
FIG. 23 Brazil Sugar Confectionerys market, 2014 – 2023: Revenue forecast(USD Billion)
FIG. 24 Argentina Sugar Confectionerys market, 2014 – 2023: Revenue forecast(USD Billion)
FIG. 25 Rest of Latin America Sugar Confectionerys market, 2014 – 2023: Revenue forecast(USD Billion)

List of Tables

TABLE 1 APAC and Latin America Sugar Confectionerys Market Snapshot (revenue), 2014 and 2023
TABLE 2 Asia Pacific Sugar Confectionerys market, 2014 – 2023, revenue forecast, by Country
TABLE 3 Asia Pacific Sugar Confectionerys market, 2014 – 2023, revenue forecast, by Product Type 
TABLE 4 India Sugar Confectionerys market, 2014 – 2023, revenue forecast, by Product Type.
TABLE 5 China Sugar Confectionerys market, 2014 – 2023, revenue forecast, by Product Type.
TABLE 6 Japan Sugar Confectionerys market, 2014 – 2023, revenue forecast, by Product Type.
TABLE 7 South Korea Sugar Confectionerys market, 2014 – 2023, revenue forecast, by Product Type 
TABLE 8 Rest of APAC Sugar Confectionerys market, 2014 – 2023, revenue forecast, by Product Type.
TABLE 9 Latin America Sugar Confectionerys market, 2014 – 2023, revenue forecast, by Country.
TABLE 10 Latin America Sugar Confectionerys market, 2014 – 2023, revenue forecast, by Product Type 
TABLE 11 Brazil Sugar Confectionerys Market, 2014 – 2023, revenue forecast, by Product Type.
TABLE 12 Argentina Sugar Confectionerys Market, 2014 – 2023, revenue forecast, byProduct Type
TABLE 13 Rest of Latin America Sugar Confectionerys market, 2014 – 2023, revenue forecast, by Product Type

Sugar confectionery comprises of many different products, such as boiled sweets, lollipops, medicated confectionery, mint, pastilles, gums, jellies and chews, toffees, caramels and nougats and others. The sugar confectionery industry is growing at a significant rate due to the rising demand for confectionery products, medicated confectionery products and sweet snacks items. In addition, changing lifestyle and increasing customer preference for gifting confectionery items fueled by the growing retail sector is further boosting the market for sugar confectionery in Asia Pacific. Growing sugarcane industry and innovation in sugar confectionery products is enhancing the Latin America sugar confectionery market.

By types, the market is segmented into boiled sweets, lollipops, medicated confectionery, mint, pastilles, gums, jellies and, chews, toffees, caramels and nougat and others. Moreover, the report also provides cross sectional analysis of all the above segments across different countries within different regions such as Asia Pacific and Latin America. Asia Pacific country includes India, china, Japan, South Korea and Rest of Asia Pacific. Latin America includes country such as Brazil, Argentina and Rest of Latin America.

In 2014, among the different types of sugar confectionery, the toffees, caramels and nougat segment occupied the largest market share. However, the medicated confectionery segment is anticipated to witness the fastest growing market. The rapid growth of this segment is attributed to the increasing demand for medicated confectionery products, used in the formulation of drugs for many conditions such as colds, coughs, respiratory tract congestion and allergies are the main factors driving the growth of this market.

The boiled sweets have gained popularity across different application segment owing to consumer preference as a gift especially for children and it’s also used as snacks item. Currently, boiled sweets hold the second largest market share of sugar confectionery market due to growing trend of snacks between meals and increasing trend of the nutritional content of sugar confectionery. Moreover, increasing sales owing to growing number of super market and retail channel is expected during the forecast period. Popularity of boiled sweets and its affordable price is projected to benefit the overall sugar confectionery market. In addition, pastilles, gums, jellies and chews manufacturers are focused on rising concern about obesity among youth. Therefore they are in the process of improving their products and introducing gluten free products.

Currently, toffees, caramel and nougat market expected a significant growth during the forecast period due to the awareness about the products created by the multinational and local manufacturers. The manufacturers not only focused on urban area but also they tried to cater the rural market. In addition, the rising demand and increasing trend of gifting confectionery product and especially in the occasion like Christmas, new year and others the manufacturers made different shape and flavor of confectionery products .Owing to these factors the market of total sugar confectionery is growing substantially

Geographically, the Latin America sugar confectionery market is predicted to experience the fastest growth from 2015 to 2023 in Asia Pacific and Latin America sugar confectionery market. Growing sugarcane industry and innovation in sugar confectionery products is enhancing the Latin America sugar confectionery market.

In order to get a better understanding of the sugar confectionery market, a key trends analysis has been included for all the segments. Furthermore, the market share of the major players in the sugar confectionery market has also been discussed in terms of market share revenue held in Asia pacific and Latin America. In addition, the key players in the market have also been profiled in terms of their product segments, financial overview, recent developments and business strategies adopted by them. The leading players in the market include Mars Inc., Mondelez International, Ferrero SpA, The Hershey Company, Nestle S.A., Lindt & Sprungli, Lotte Confectionery Co. Ltd. and Perfetti Van Mella SpA among others.

The Asia Pacific and Latin America sugar confectionery market can be segmented as follows;-

  • Asia Pacific and Latin America Sugar Confectionery Market, by Product Type
    • Boiled Sweets
    • Lollipops
    • Medicated Confectionery
    • Mint
    • Pastilles, Gums, Jellies and Chews
    • Toffees, Caramels and Nougat
    • Others
  • Asia Pacific and Latin America Sugar Confectionery Market, By Geography
    • Asia-Pacific
      • India
      • China
      • South Korea
      • Japan
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Argentina
      • Rest of Latin America


 
 
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