The
Asia Pacific and Latin America sugar confectionery market has been
prognosticated to be characterized by fragmentation with a profusion
of players participating on a local as well as an international
platform, according to a report penned by Transparency Market
Research (TMR). In the Asia Pacific sugar confectionery market,
Nestle SA had accounted for an elephantine share of over 20.0% in
2015 and above 18.0% in Latin America during the same year. The
company could be following the portfolio expansion strategy by
upgrading its current products and acquiring existing or new vendors
for retaining its position in the Asia Pacific and Latin America
sugar confectionery market.
As
per TMR’s intelligence report, the Asia
Pacific and Latin America sugar confectionery market has been
prophesied to attain a massive revenue figure of US$46.14 bn by 2023.
The report has analyzed a 5.7% CAGR on the part of the sugar
confectionery market for the forecast period 2015–2023. By the end
of the forecast period, toffees, caramels, and nougat could earn a
handsome valuation of US$12.29 bn in the Asia Pacific and Latin
America sugar confectionery market. Geographically, Asia Pacific has
been envisaged to win a stronger share of more than 62.0% by the
final forecast year.
Healthy
Confectionery Allows Influx of Demand in Sugar Confectionery Market
The
sugar confectionery market for Asia Pacific and Latin America could
welcome a positive impact with the burgeoning preference for
healthier and premium alternatives, although the sense of taste
varies according to location. Moreover, sugar confectionery is the
best replacement for chocolates and biscuits. While other companies
have been prognosticated to resort to healthier options, Nestle SA
had discarded all artificial flavors and colors in 2015 to suit the
local preferences of consumers.
The
ever-changing tastes of young consumers and their high attraction to
innovative products and designing could strengthen the growth of the
Asia Pacific and Latin America sugar confectionery market. Both the
regions have still been considered as vast untapped markets for
penetration on account of a wealth of opportunities birthing due to
improved economic conditions and elevated purchasing power. This
could significantly up the status of the Asia Pacific and Latin
America sugar confectionery market.
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more information on this report, fill the form @
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=13034
Vendors
in Sugar Confectionery Market Fear Obvious Deterrent of High Sugar
Consumption
High
sugar consumption through products such as toffees, caramels, and
nougat, which could be a larger product segment, has been envisioned
to hurt the demand in the Asia Pacific and Latin America sugar
confectionery market. The risk of related diseases such as increased
uric acid, metabolic dysfunction, liver damage, and diabetes could
slack the demand depression in the Asia Pacific and Latin America
sugar confectionery market even more.
However,
the soaring popularity of OTC remedies and self-medication has been
foretold to further enhance the growth in the Asia Pacific and Latin
America sugar confectionery market. Likewise, the surging trend of
anti-smokers looking to quit smoking are intensifying the demand for
breath fresheners and throat sweets, subsequently helping the demand
in the Asia Pacific and Latin America sugar confectionery market to
improve. Vendors could also look to explore the untapped rural
regions in order to cement their position in the Asia Pacific and
Latin America sugar confectionery market.
The
information presented in this review is based on a Transparency
Market Research report, titled, “Sugar Confectionery Market
(Product Type - Boiled Sweets, Lollipops, Medicated Confectionery,
Mint, Pastilles, Gums, Jellies, and Chews, and Toffees, Caramels, and
Nougat) - Asia Pacific and Latin America Industry Analysis, Trend,
Size, Share, and Forecast 2015 - 2023.”
The
Asia Pacific and Latin America sugar confectionery market has been
segmented as presented below:
Asia
Pacific and Latin America Sugar Confectionery Market by Product Type
- Boiled Sweets
- Lollipops
- Medicated Confectionery
- Mint
- Pastilles, Gums, Jellies, and Chews
- Toffees, Caramels, and Nougat
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