Sugar And Confectionery Product Industry 2020 is expected to reach $476 billion in 2023

 The global sugar and confectionery product market is expected to grow from $358.3 billion in 2019 to $372.9 billion in 2020 at a compound annual growth rate (CAGR) of 4.1%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $476 billion in 2023.

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To preserve nutrients and eliminate harmful microorganisms in canned, pickled or dried fruits and vegetables, fruit and vegetable canning companies are using high pressure pasteurization technique. High pressure pasteurization is a cold pasteurization technique in which sealed or packaged products are introduced into a vessel and subjected to high pressure of 87,000 pounds per square inch or the equivalent of 5,500 atmospheres using water. The high pressure inactivates viruses, bacteria, yeasts, parasites or moulds present in the food extending shelf life and preserving nutrients. Some of the companies using high pressure pasteurization include Agroindustrias Aib, Fresherized Foods, Maryland Packaging.

Where is the largest and fastest growing market for the sugar and confectionery product- How does the market relate to the overall economy, demography and other similar markets- What forces will shape the market going forward- The Sugar And Confectionery Product market global report from Publisher answers all these questions and many more.