Candy Market

Candy Market is projected to reach USD 289 Billion by 2027, exhibiting a CAGR of 3.9% during forecast period.

Candies are made from various ingredients such as honey, sugar, natural sweeteners, and various other ingredients including fruit, nuts, dairy products, chocolate, among others which are available in various shapes. Some candies are a good source of minerals, vitamins, and protein and helps in improving the overall wellbeing. In addition to this, candies contain various dry fruits such as nuts and almonds which enhances their taste. There are different varieties of candies such as caramel, chocolate, jellies, gums, and others, which  are readily available through various distribution channels.

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Increasing disposable income of people, along with the rising popularity of dark chocolate will drive the growth of the global candy market. Additionally, the strong demand for candies among children and young population will further support the market growth of candy across the globe. Moreover, growing availability of various type of candies has increased the demand for candies worldwide. Rapid innovation in existing products driven by the growing demand for chocolate products will increase the demand for candy globally. Key players are focussing on introducing low calorie and sugar free candies due to the increasing health concerns among the population which will create more opportunities in coming years. Furthermore, changing consumer taste and preference in developed and developing economies will further propel the growth of the global candy market. However, the increasing concern related to the obesity and diabetes among consumers and growing health awareness among the individuals may hinder the growth of the global candy market.

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Based on the product type, non-chocolate candy segment is anticipated to dominate the global candy market owing to the changing consumer preference towards non-chocolate candy across the globe. In addition to this, rapid expansion of various candy flavors, along with the increased focus on clean labelled products will drive the growth of the non-chocolate candy segment. Key players are focussing on various product development of non-chocolate candy to capture the growing demand for organic food culture worldwide. Moreover, high availability of different flavors in non-chocolate candy such as caramel candies, gummies and hard Candies, among others is further paving way for the growth of this segment.

Based on the Distribution Channel, Supermarkets/Hypermarkets segment is expected to grow at a faster CAGR in the global candy market due to the rapid penetration of these stores, along with the offering of wide range of candies at single store for consumers. Online segment is predicted to lead the market during the forecast period owing to the rising penetration of E-commerce websites, along with the hassle free delivery experience across the globe.

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Based on the region, North America region is projected to dominate the global candy market due to the rising spending of consumers, along with the growing urbanization in US. In addition to this, the increasing availability of various type of candies in chocolate as well as non-chocolate candies will upsurge the demand for candies among the children, which in turn, will further boost the market growth in the North America region. On the other hand, the Asia-Pacific region is expected to grow at a faster CAGR during the forecast period owing to the increasing population base and the rising disposable income which has led to the change in the eating habits of consumers.

Various notable players operating in the market include Perfetti Van Melle Group B.V., Mondelez International, Inc., Mars, Incorporated, Haribo GmbH & Co. KG, Nestle S.A., The Hershey Company, Ferrero Group, Lotte Confectionery Co. Ltd, Cloetta Ab, and Grupo Arcor, among others.

 Key Developments: 

• • In 2019, Ferrero Group completed the acquisition of Cookies and Fruit Snacks Business from Kellogg Company. Through this acquisition, the company planned to strengthen their position by expanding existing portfolio in the North America region.

The global Candy market has been segmented on the basis of product type, distribution channel, and regions. Based on Product Type, the market is segmented into Chocolate Candy and Non-Chocolate Candy. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience Stores, Online and Others.s

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Key questions answered in this research report:

• • At what pace is global Candy market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Candy market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Candy market?
  • Which Product Type generated maximum revenues in 2019 and identify the most promising Product Type during the forecast period?
  • What are the various Distribution Channel areas of global Candy market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Candy Market by Product Type

• • Chocolate Candy
  • Non-Chocolate Candy
    • Hard Boiled Candies
    • Pastilles, Gums, Jellies and Chews
    • Toffees, Caramels and Nougat
    • Mints
    • Others

Global Candy Market by Distribution Channel

• • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online
  • Others

Global Candy Market by Region

• • North America Candy Market (Option 1: As a part of the free 25% customization)
    • North America Candy Market by Product Type
    • North America Candy Market by Distribution Channel
    • US Candy Market All-Up
    • Canada Candy Market All-Up
  • Europe Candy Market (Option 2: As a part of the free 25% customization)
    • Europe Candy Market by Product Type
    • Europe Candy Market by Distribution Channel
    • UK Candy Market All-Up
    • Germany Candy Market All-Up
    • France Candy Market All-Up
    • Spain Candy Market All-Up
    • Rest of Europe Candy Market All-Up
  • Asia-Pacific Candy Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Candy Market by Product Type
    • Asia-Pacific Candy Market by Distribution Channel
    • China Candy Market All-Up
    • India Candy Market All-Up
    • Japan Candy Market All-Up
    • Rest of APAC Candy Market All-Up
  • RoW Candy Market (Option 4: As a part of the free 25% customization)
    • RoW Candy Market by Product Type
    • RoW Candy Market by Distribution Channel
    • Brazil Candy Market All-Up
    • South Africa Candy Market All-Up
    • Saudi Arabia Candy Market All-Up
    • UAE Candy Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Candy Market All-Up

Major Players Operating the Candy (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Perfetti Van Melle Group B.V.
  • Mondelez International, Inc.
  • Mars, Incorporated
  • Haribo GmbH & Co. KG
  • Nestle S.A.
  • The Hershey Company
  • Ferrero Group
  • Lotte Confectionery Co. Ltd
  • Cloetta Ab
  • Grupo Arcor