South Africa Sugar Confectionery Market (2020-2026) | industry, Size, Share, Revenue, Analysis, Forecast, Trends, Outlook

Latest 2023 Development of the South Africa Sugar Confectionery Market

South Africa Sugar Confectionery Market is forecast to grow in the forthcoming years. The primary factors driving the market growth includes surging population, rising disposable income, growing tourism industry, and increasing health concerns. Apart from this, the expansion of production capacity due to huge investments in new equipment and technology is one of the latest development in this market. The launch of new products such as Nestlé South Africa launched a new sugar-free version of its popular KitKat chocolate bar, called KitKat Senses. Moreover, consumers are becoming more health-conscious. In response to this, some manufacturers are introducing sugar-free and low-sugar options such as a sugar-free range of sweets and gums.

The South Africa Sugar Industry has been working to reduce its environmental impact by taking various initiatives to promote sustainable farming practices. Also, the market has been looking to expand its export market with the help of the Export Barriers Monitoring Mechanism, which aims to identify and remove barriers to exports for companies. The increasing population in South Africa is projected to drive the demand for sugar confectionery products. In addition to this, rising disposable income enables consumers to spend more on indulgent treats like sugar confectionery. In general, Sugar confectionery products are popular gifts in South Africa which leads to increasing demand for confectionery products. 

South Africa Sugar Confectionery Market Synopsis

South Africa Sugar Confectionery Market is anticipated to register growth during the forecast period due to increasing urbanization coupled with changing consumer lifestyles. Further, the rise in per-capital income and aggressive advertising campaigns would also boost the demand for sugar confectionery in the coming years. However, the South African market is expected to register a decline in demand for sugar confectionery due to the pandemic COVID-19 virus, which led to a slowdown of the economy, thus affecting the supply chain of sugar confectionery. Moreover, growing health consciousness in the country would hamper the growth of sugar confectionery in the near term.

According to 6Wresearch, South Africa Sugar Confectionery Market is anticipated to register growth during 2020-2026F. By packaging types, the rising demand for online shopping in recent years has increased the demand for box packaging in South Africa. Box packaging provides maximum protection to the product and is easily customizable. The rising mindfulness for the biodegradable packaging of the product, consequently recyclable and reusable properties of the box packaging would be creating an abundance of opportunities for box sugar confectionery packaging in South Africa.

 By distribution channel, online sugar confectionery stores are expected to register significant growth throughout the forecast period 2020-2026 on account of the rising investment of global e-commerce giants in the country. Further, high mobile usage, secure payment options, and changing spending habits. Moreover, attractive campaigns and offers introduced by e-commerce companies would further increase the share of the online channels in the sugar confectionery market in the coming years.

The South Africa Sugar Confectionery market report thoroughly covers the market by types, packaging types, and distribution channels. South Africa Sugar Confectionery market outlook report provides an unbiased and detailed analysis of the ongoing South Africa Sugar Confectionery market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

South Africa sugar confectionery market is expected to witness enormous growth in the upcoming six years on the back of the rising western cultural influence. On the basis of the distribution channel, supermarkets and bakeries tend to contain a wide variety of sugar confectionery products like chocolates, candied fruit, nuts, and marshmallow which is estimated to bolster demand for sugar confectionery products in the country in the forthcoming years. On the basis of the product, Chocolate is estimated to generate high sales revenues in the coming years owing to the rising wide range of flavors and attracting population and making chocolate an ideal product and is expected to spur the growth of the South Africa sugar confectionery market in the upcoming six years.

Key Highlights of the Report:

• South Africa Sugar Confectionery Market Overview
• South Africa Sugar Confectionery Market Outlook
• South Africa Sugar Confectionery Market Forecast
• Historical Data of South Africa Sugar Confectionery Market Revenues and Volume for the Period 2016-2019
• South Africa Sugar Confectionery Market Size & Sugar Confectionery Market Forecast of Revenues and Volume, Until 2026
• Historical Data of South Africa Sugar Confectionery Market Revenues and Volume, By Types, for the Period 2016-2019
• Market Size & Forecast of South Africa Sugar Confectionery Market Revenues and Volume, By Types, Until 2026
• Historical Data of South Africa Sugar Confectionery Market Revenues and Volume, By Packaging Types, for the Period 2016-2019
• Market Size & Forecast of South Africa Sugar Confectionery Market Revenues and Volume, By Packaging Types, Until 2026
• Historical Data of South Africa Sugar Confectionery Market Revenues and Volume, By Distribution Channels, for the Period 2016-2019
• Market Size & Forecast of South Africa Sugar Confectionery Market Revenues and Volume, By Distribution Channels, Until 2026
• Market Drivers and Restraints
• South Africa Sugar Confectionery Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis and Market Opportunity Assessment
• South Africa Sugar Confectionery Market Share, By Players
• South Africa Sugar Confectionery Market Overview on Competitive Benchmarking
• Company Profiles

Markets Covered

The South Africa Sugar Confectionery Market report provides a detailed analysis of the following market segments:

By Types

• Pastilles
• Jellies
• Caramel & Toffees
• Hard-Boiled Sweets
• Medicated Confectionery
• Mint
• Gums
• Others (marshmallows, nougat, lollipops, liquorice, etc.)

By Packaging Types

• Sachet
• Box
• Others

By Distribution Channels

• Retail Stores
• Online Stores
• Others

South Africa Sugar Confectionery Market: FAQs