Rising Demand for Premium Confectioneries Spurs the Growth of Sugar Confectionery Market

Transparency Market

Research

Sugar Confectionery Market - Asia Pacific and Latin America

Industry Analysis, Trend, Size, Share and Forecast, 2015 - 2023

Published Date

21-07-2016

77 Page Report

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Threat of Local Players Driving Innovation among Global Sugar

Confectionery Companies in APAC and Latin America, states TMR

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Sugar Confectionery Market

REPORT DESCRIPTION

Sugar confectioneries are consumed by most income groups in Asia Pacific and Latin America and their

market is expanding owing to the growing demand for sweet snacks and confectionery foods. A surge in

the demand for toffees, boiled sweets, fondant, premium chocolates, and marshmallows is driving the

sugar confectionery market in these two regions.

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The market presents a wide scope for experiment, making it an opportunity-laden market. During recent

times, growth in the application of medicated confectionery in the development of drugs for conditions

such as allergies, cold, cough, and respiratory tract congestion has been witnessed. These developments

are likely to drive the sugar confectionery market.

Reduced Prices of Sugar in APAC Keep Sugar Confectioneries Market on Growth Track

Key companies are investing huge capital in the lucrative market of APAC, leading to a reduction in the

prices of sugar. The gradual decrease in prices is anticipated to propel the demand for sugar confectionery

products, particularly in rural areas. In urban areas, the rapidly developing retail industry and rising

disposable income are likely to bolster the growth of sugar confectionery market. The rising demand for...