Allied Market Research’s recently released global sugar confectionery market report projects sugar confectionery sales will reach $55.594 billion by 2022. The study foresees an estimated CAGR of 3.2 percent between 2016 and 2022. It’s no surprise then that key industry players are leaving no stone unturned in tapping the immense potential of the market.
Clean eating trends are the talk of the food world as an increasing number of health-conscious consumers seek foods that are labelled organic and “preservative-free.” This increased focus and adoption of nutritious eating habits and healthier lifestyles has enhanced awareness about the benefits of consuming organic food.
The NPD Group’s research reveals that as more consumers recognize that GMOs have benefits in producing better and more resilient crops, such awareness comes with worries about consuming GMOs. As a result, GMOs have become the fastest growing food additive concern, NPD Group says.
Holiday retail sales are expected to be especially bright this season, thanks, in part, to some Americans getting a head start on shopping, a new survey sponsored by the National Retail Federation (NRF) found.