The Business Research Company’s Sugar And Confectionery Product Manufacturing Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
The sugar and confectionery products manufacturing market consists of sales of sugar and confectionery products by entities (organizations, sole traders and partnerships) that produce sugar and confectionery products. The companies in the sugar and confectionery products industry process agricultural inputs such as sugarcane, beet and cacao into sugar and confectionery products such as chocolate, and package and distribute them through various distribution channels to both individual customers and commercial establishments.
Major players in the global sugar and confectionery product manufacturing market include Cargill, Tereos, Nordzucker Group AG, E.I.D Parry Limited, Sudzucker, Archer Daniels Midland Company.
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The sugar and confectionery product manufacturing market expected to reach a value of nearly $434.55 billion by 2022, significantly growing at a CAGR of 8.1% during the forecast period. The growth in the sugar and confectionery product manufacturing market is due to emerging markets growth, increase in disposable income and improved earning capacity.
However, the market for sugar and confectionery product manufacturing is expected to face certain restraints from several factors such as health scares, tax increases, talent crunch and changing consumer preferences.
The global sugar and confectionery product manufacturing market is further segmented based on type and geography.
By Type – The sugar and confectionery product manufacturing market is segmented into sugar manufacturing, confectionery product.
By Geography – The global sugar and confectionery product manufacturing is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific sugar and confectionery product manufacturing market accounts the largest share in the global sugar and confectionery product manufacturing market.
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This post was originally published on Food and Beverage Herald