PUBLISHER: Polaris Market Research | PRODUCT CODE: 1762369
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1762369
The sugar confectionery market size is expected to reach USD 80.43 billion by 2034, according to a new study by Polaris Market Research. The report "Sugar Confectionery Market Size, Share, & Industry Analysis Report: By Product Type, By Distribution Channel, By Nature of Product (Traditional Sugar-Based and Sugar-Free/Low-Calorie), and By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The sugar confectionery market encompasses non-chocolate sweets such as gums, jellies, hard candies, caramels, toffees, and mints, formulated primarily from sugar or sugar substitutes. This market has evolved beyond traditional offerings into a complex ecosystem of functional, premium, and clean-label innovations catering to diverse consumer segments. Demand acceleration stems from lifestyle shifts favoring portable indulgence, along with the rising influence of digital marketing and direct-to-consumer sales models. Product innovation has become a key differentiator, driven by health-conscious consumers seeking reduced sugar, organic, or plant-based alternatives. Trends show a convergence between indulgence and wellness, where confections are being infused with nutraceutical ingredients such as collagen, probiotics, and vitamins to create hybrid formats.
Market participants are leveraging advanced food processing technologies to enhance texture, flavor delivery, and shelf stability without compromising nutritional value. Opportunities continue to expand in novelty formats and seasonal collections, which offer high margins and capitalize on gifting behavior. The growing traction of ethically sourced ingredients and sustainable packaging is reshaping procurement and branding strategies. In contrast to chocolate, sugar confectionery often allows for broader innovation due to its lower cost base and greater flexibility in form and flavor. This makes it particularly appealing for rapid prototyping and limited-edition releases. As consumer palates become more adventurous, the sector is poised for sustained growth through experiential and functional product formats, enabling brands to capture both emotional and health-oriented consumption occasions in an increasingly competitive global marketplace.
By product type, in 2024, the hard candy segment held the largest share owing to its extended shelf life, lower manufacturing cost, and high consumer preference.
Based on distribution channel, the online retail segment is expected to witness the highest CAGR during the forecast period due to increasing digital penetration, changing consumer purchasing behavior.
In 2024, the North America sugar confectionery market accounted for the significant growth, driven by strong consumer demand for indulgent treats and ongoing innovation in flavor, texture, and packaging.
The Asia Pacific sugar confectionery market is projected to register the highest CAGR during the forecast period, driven by rising disposable incomes, urbanization, and shifting dietary patterns among younger consumers.
A few global key market players are Barry Callebaut; Blommer Chocolate Company; Cargill Inc.; Ferrero; Foley's Candies LP; Kerry Group plc; Mars, Incorporated; Nestle SA; Olam Group; PURATOS; and The Hershey Company.
Polaris Market Research has segmented the market report on the basis of product type, distribution channel, nature of product, and region:
By Product Type Outlook (Revenue, USD Billion, 2020-2034)
Chewing Gum
Hard Candy
Soft Candy (Gummies and Jellies)
Caramels & Toffees
Others
By Distribution Channel Outlook (Revenue, USD Billion, 2020-2034)
Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Online Retail
Others
By Nature of Product Outlook (Revenue, USD Billion, 2020-2034)
Traditional Sugar-Based
Sugar-Free/Low-Calorie
By Regional Outlook (Revenue, USD Billion, 2020-2034)
North America
US
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Vietnam
Australia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa