Sugar confectionery is expected to continue growing significantly in the forecast period, both in volume and in value terms. However, growth will be slower than the review period as the category has already returned to pre-pandemic levels, meaning it is likely to stabilise.
Pastilles, gummies, jellies and chews is expected to maintain high dynamism. Much of this will stem from the entry of various new products and brands in innovative presentations, especially gummies, which offers products of various colours and attractive shapes for children.
Factors that could limit the consumption of sugar confectionery include inflation, which could restrict consumption due to anticipated rising prices of all products, including the different categories of sugar confectionery, especially those that are imported. In this scenario, consumers could consume these products less frequently in a bid to prioritise more essential expenses and leave indulgence products for more distant occasions.
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Understand the latest market trends and future growth opportunities for the Sugar Confectionery industry in Peru with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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This is the aggregation of mints, boiled sweets, pastilles, gummies, jellies and chews, toffees, caramels, and nougat, medicated confectionery, lollipops, liquorice and other sugar confectionery.See All of Our Definitions
This report originates from Passport, our Sugar Confectionery research and analysis database.
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