Global Flavored Candy Market is Growing With 10.00% CAGR in the Forecast Period of 2021 to 2028

The Flavored Candy Market is estimated to exhibit a CAGR of 10.00% during the forecast period. However, shift in consumer’s preference and lowering down of selling prices are factors expected to obstruct the market growth. Growing concerns regarding their effect on health and rise in awareness associated with lifestyle diseases such as obesity and diabetes will also limit the flavored candy market.

Currently, North America dominates the global flavored candy market in terms of market share and market revenue. This is because of the high consumption of flavored candies and high production of the product.

Global Flavored Candy Market Scenario

According to Data Bridge Market Research, the global flavored candy market will exhibit a significant rise in its market value. The growth in urbanization and target consumer base and product innovations are the major factors driving the flavored candy market. The increase in population growth, change in consumer’s preferences and rise in disposable income also influence the market growth. Additionally, the increase in investment in innovation of products by leading manufacturers and companies promoting health improving products accelerate the flavored candy market. Furthermore, the emergence of sugar-free and low-calorie candies and the growth in awareness towards these products extend profitable opportunities to the market players.

Now the question is which are the other regions that the global flavored candy market is targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific. Changing lifestyle and rising personal disposable income are some market growth determinants. Also, rising tastes preferences is fostering the growth of market in this region.

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Scope of the Flavored Candy Market

The global flavored candy market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • The global flavored candy market is further segmented on the basis of flavor into fruit flavored, chocolate, caramel, butterscotch, cinnamon, coffee, licorice, sour, peanut butter, vanilla, spearmint and others. On the basis of type, flavored candy market is segmented into hard boiled candies, pastilles, gums, jellies and chews, toffees, caramels and nougat, mints and others. On the basis of distribution channel, the flavored candy market is segmented into supermarkets and hypermarkets, convenience stores, specialist retailers, online retail and others. 
  • Candy refers to a more or less solid article of confectionery which is small bite sized and comes in various consistencies, shapes and flavours. The flavored candies come in numerous flavours and textures. Candy is commonly made by first boiling molasses or sugar to a specific consistency and then crystallizing it.

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Key Pointers Covered in the Flavored Candy Market Industry Trends and Forecast to 2028

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Regulatory Framework and Changes
  • Prices and Reimbursement Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors

Key Market Competitors Covered in the Flavored Candy Market report

  • Nestlé
  • Meiji Holdings Co., Ltd.
  • Danone
  • General Mills Inc.
  • Mondelēz International.
  • Kellogg's Company
  • Mars, Incorporated
  • Pladis global
  • Crown Confectionary
  • Storck
  • Perfetti Van Melle
  • HARIBO GmbH & Co. KG
  • Arcor
  • Ferrero
  • Turtles
  • Ferrara Candy Company.
  • Cloetta
  • The Hershey Company

Above are the key players covered in the report, to know about more and exhaustive list of flavoured candy companies, contact us.

Research Methodology: Global Flavored Candy Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an enquiry to speak to our industry experts.

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