According to a new report published by Fast.MR titled, “Sugar Confectionery Market by Product and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2016–2027,” the global sugar confectionery market was estimated at around USD 45.2 billion in 2019 and is expected to grow with the CAGR of 3.1% during forecast period 2020-2027. Rising popularity of the product in young age population is expected to drive the market growth over the forecast period.
The global young aged population is expected to observe a steady climb over the predicted timeline owing to the better health facility and steady fertility rates. The continuous growth in this age category is likely to positively influence the demand for sugar confectionery products over the forecast period.
Get the pages of a sample of this research study # https://www.fastmr.com/request-s/264
Another key driver for the market growth is the rising popularity of cannabis-infused confectionery products especially in North America and the European region. The rising demand for this product segment especially among consumer masses suffering from anxiety, sleep problems, diet issues, and others has observed significant growth over the last few years.
Asia Pacific region is likely to emerge as the dominant regional market due to the presence of the two most populous countries in the world India and China. Both countries offer numerous opportunities for the vendors of the market in terms of its sheer size. The product segment especially in line with domestic features or cuisine has greatly contributed towards market growth over the last few years.
Key vendors of the industry are Jelly Belly Candy Company, AS Kalev, Mapro Foods Pvt. Ltd., Adams & Brooks Inc., Barambo, Perfetti Van Melle, Lotte Confectionery Co. Ltd., Ferraro, Mondelez International, and Nestle. The vendors of the market are intensively focused on the development of new product lines in order distinguish themselves within this marketspace.
Enquire before Buying this research Study # https://www.fastmr.com/request-e/264
FAST.MR is a global market research and business-consulting organization that aims to provide a deep market insight to our clients, which helps them in better decision making in the dynamic environment. We have a team of highly qualified personnel that studies the market in depth to provide our clients with better strategies to stand out in the market.
Our report covers current market status, opportunities available in the market, growth plans, and emerging trends in order to cater to the evolving needs of the customers. We help businesses around the globe with operational improvements, technologies, emerging market trends which in-depth boost the company’s growth in the future. The reports prepared by us are customized according to the client’s needs. We inculcate high morale and ethics while preparing our report which helps in building long term relationships with our clients.
150 State Street, Albany,
New York, USA 12207
+1 (518) 300-1215