Market Forecast By Types (Pastilles, Jellies, Caramel & Toffees, Hard-Boiled Sweets, Medicated Confectionery, Mint, Gums, Others (marshmallows, nougat, lollipops, licorice, etc.)), By Packaging Types (Sachet, Box & Others), By Distribution Channels (Retail Stores, Online Stores & Others) and competitive landscape
Product Code: ETC002373 | Publication Date: Feb 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
South Africa Sugar Confectionery market currently, in 2023, has witnessed an HHI of 1145, Which has decreased slightly as compared to the HHI of 1775 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | South Africa Sugar Confectionery Market |
Forecast period | 2025-2031 |
CAGR | 5.1% |
Growing Sector | Food & Beverage Industry |
The South Africa Sugar Confectionery Market report extensively covers the market by types, packaging types, distribution channels. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers that would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
The South Africa Sugar Confectionery Market is projected to witness noteworthy growth in the forecast period. The consumer preference for sweet treats and the rising disposable income are driving growth in the market.
According to 6Wresearch, the South Africa Sugar Confectionery Market is projected to grow at a CAGR of 5.1% during the forecast period 2025-2031. The growth in the market is driven by changing consumer preference, rising demand for varied sugar confectionery items and increased consumer preference. The growing awareness and demand for indulgent snacks have led to consumers turning to sugar confectionery products as an affordable and convenient option. Additionally, rising disposable income levels in the country have also contributed to the growth of this market, as consumers have more purchasing power to spend on these types of treats. Furthermore, with a strong presence of retail and online stores in South Africa, there is a wide availability of sugar confectionery products for consumers to choose from, further boosting market growth.
Despite the growth opportunities in the South Africa sugar confectionery market, there are challenges that could hinder its growth. The main challenge is the increasing health concerns among consumers regarding excessive sugar intake and its potential adverse effects on their health. This has led to a shift in consumer preferences towards healthier snacking options, which could hinder the growth of the sugar confectionery market. Additionally, fluctuations in raw material prices and supply can impact production costs for manufacturers, posing a challenge to market growth.
The leading players in the market include Nestle, Mondelez International, Mars Incorporated, Perfetti Van Melle Group, The Hershey Company, and Ferrero SpA. These companies are consistently investing in Research and Development activities to develop innovative products and expand their market presence. Currently, Nestle SA holds the largest share in the market.
The government of South Africa has implemented strict regulations and standards for the production and packaging of sugar confectioneries. These regulations ensure the safety and quality of the products and prevent any health risks associated with impure or poorly packaged products. The Food Safety and Standards Authority (FSSA) has set guidelines for the safe production, packaging, and distribution of sugar confectioneries, which must be followed by all companies in this sector.
The South Africa Sugar Confectionery Market has been experiencing significant growth in recent years and is expected to continue its growth trajectory in the coming years. The market is driven by rising consumer preference for sweet treats, increasing disposable income and advancements in production and packaging methods. The advancements in distribution channels such as online retail and home delivery are expected to further boost the market as they offer increased convenience for consumers. Moreover, with advancements in production methods, there will be an increase in the availability of a wide range of sugar confectionery products that cater to specific tastes and preferences.
According to Dhaval, Research Manager, 6Wresearch, Caramel & Toffees are expected to hold the dominant share in the market in the coming years owing to popularity among consumers of all age groups.
The Sachet segment is expected to hold the dominant share in the market due to its convenience and affordability for consumers.
The retail stores are expected to hold the dominant share in the market due to their widespread presence and easy availability of products.
The South Africa Sugar Confectionery Market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. South Africa Sugar Confectionery Market Overview |
3.1. South Africa Sugar Confectionery Market Revenues & Volume, 2021-2031F |
3.2. South Africa Sugar Confectionery Market – Industry Life Cycle |
3.3. South Africa Sugar Confectionery Market – Porter’s Five Forces |
3.4. South Africa Sugar Confectionery Market Revenue & Volume Share, By Packaging Types, 2021 & 2031F |
3.5. South Africa Sugar Confectionery Market Revenue & Volume Share, By Types, 2021 & 2031F |
3.6. South Africa Sugar Confectionery Market Revenue & Volume Share, By Distribution Channels, 2021 & 2031F |
4. South Africa Sugar Confectionery Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. South Africa Sugar Confectionery Market Trends |
6. South Africa Sugar Confectionery Market Overview, By Packaging Types |
6.1. South Africa Sachet Packaging Types of Sugar Confectionery Market Revenues & Volume, 2021-2031F |
6.2. South Africa Box Packaging Types Sugar Confectionery Market Revenues & Volume, 2021-2031F |
6.3. South Africa Others Packaging Types of Sugar Confectionery Market Revenues & Volume, 2021-2031F |
7. South Africa Sugar Confectionery Market Overview, By Types |
7.1. South Africa Pastilles Sugar Confectionery Market Revenues & Volume, 2021-2031F |
7.2. South Africa Gums Sugar Confectionery Market Revenues & Volume, 2021-2031F |
7.3. South Africa Jellies Sugar Confectionery Market Revenues & Volume, 2021-2031F |
7.4. South Africa Caramel & Toffees Sugar Confectionery Market Revenues & Volume, 2021-2031F |
7.5. South Africa Hard-Boiled Sweets Sugar Confectionery Market Revenues & Volume, 2021-2031F |
7.6. South Africa Medicated Sugar Confectionery Market Revenues & Volume, 2021-2031F |
7.7. South Africa Mint Sugar Confectionery Market Revenues & Volume, 2021-2031F |
7.8. South Africa Others Sugar Confectionery Market Revenues & Volume, 2021-2031F |
8. South Africa Sugar Confectionery Market Overview, By Distribution Channels |
8.1. South Africa Sugar Confectionery Market Revenues, By Retail Stores Distribution Channels, 2021-2031F |
8.2. South Africa Sugar Confectionery Market Revenues, By Online Stores Distribution Channels, 2021-2031F |
8.3. South Africa Sugar Confectionery Market Revenues, By Others Distribution Channels, 2021-2031F |
9. South Africa Sugar Confectionery Market Key Performance Indicators |
10. South Africa Sugar Confectionery Market Opportunity Assessment |
10.1. South Africa Sugar Confectionery Market Opportunity Assessment, By Packaging Types, 2031F |
10.2. South Africa Sugar Confectionery Market Opportunity Assessment, By Type, 2031F |
10.3. South Africa Sugar Confectionery Market Opportunity Assessment, By Distribution Channels, 2031F |
11. South Africa Sugar Confectionery Market Competitive Landscape |
11.1. South Africa Sugar Confectionery Market Revenue Share, By Company, 2024 |
11.2. South Africa Sugar Confectionery Market Competitive Benchmarking, By Technical Parameters |
12. Company Profiles |
13. Recommendations |
14. Disclaimer |