Sugar Confectionery Industry-Trend of Gifting Confectionery Items Driving the Market–Industry Survey by 2023

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Sugar Confectionery Market - Asia Pacific and Latin America

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

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Threat of Local Players Driving Innovation among Global Sugar

Confectionery Companies in APAC and Latin America, states TMR

Transparency Market Research

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Sugar Confectionery Market


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...