Sugar Confectionery Market to Grow at 3.76% CAGR to 2020 Driven by Retail Industry

This 2016 research report on sugar confectionery market is an analysis by product (hard-boiled sweets, caramels and toffees, gums and jellies, and mints) and distribution channel (hypermarkets, independent retailers, and convenience stores).

The Global Sugar Confectionery Market 2016-2020 is a new research report added to ReportsnReports.com. The global sugar confectionery market is highly fragmented because of the presence of numerous small and large vendors.

The market is experiencing a strong trend for premium products. More consumers are demanding variants of confectionery items as premium products. Confectioners, globally, are increasingly experimenting with new ingredients and flavors to meet changing consumer demand.

Complete report on sugar confectionery market spread across 71 pages, analyzing 6 major companies and provides 42 data exhibits is now available at http://www.reportsnreports.com/reports/496189-global-sugar-confectionery-market-2016-2020.html .

The report covers the present scenario and the growth prospects of the global sugar confectionery market for the period 2016-2020. 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.

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.

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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.

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.

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.

Global sugar confectionery market main 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.

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