Sugar Confectionery Market - Asia Pacific and Latin America
Industry Analysis, Trend, Size, Share and Forecast, 2015 - 2023
77 Page Report
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
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...