Sugar Confectionery Market in Asia Pacific and Latin America Is Rising at Cagr of 5.70% During 2015 to 2023

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

Latin America and Asia Pacific Sugar Confectionery Market: Changing

Food Habits of Young Consumers to Drive Product Innovation, Says TMR

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Sugar Confectionery Market

REPORT DESCRIPTION

A new report by Transparency Market Research (TMR) finds that the competitive landscapes of the sugar

confectionery markets in Asia Pacific and Latin America are highly fragmented, which can be attributed to

the presence of a large number of participants in each of the markets. In 2014, Nestlé, Mondelez

International, Perfetti Van Mella, Hershey, and Ferrero led the Asia Pacific sugar confectionery market with

a collective share of nearly 52%, whereas, the Latin American market was driven by Nestlé, Ferrero, Mars,

Mondelez, and Arcor with a combined share of almost 48% in the same years.

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Currently, local players are dominating the sugar confectionery markets in both the regions. However, the

coming years would witness a surge in the entry of international players in these markets, leading to an

intensified competition between participants, notes the study. According to TMR’s estimations, the sugar

confectionery markets in Asia Pacific and Latin America jointly presented an opportunity worth US$26.1 bn

in 2014. Rising at a CAGR of a CAGR of 5.70% during the period from 2015 to 2023, it is likely to reach

US$46.1 bn by the end of the forecast period. Toffees, caramels, and nougats witness...