Sugar Confectionery Industry-Trend of Gifting Confectionery Items Driving the Market–Industry Survey by 2023
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Date Submitted: 09/06/2016 12:07 AM
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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Press Release
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 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.
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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%.
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...
