Global Candy Market, By Product Type (Chocolate Candy and Non- Chocolate Candy), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialist Retailers, Online Retail and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The candy market is expected to be growing at a growth rate of 4.37% in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the factors responsible for fostering the growth of candy market. This rise in candy market value can be attributed to the various factors such as rising product innovations by the major players, ever rising young and children population and increasing personal disposable income.
Candies are generally sweet in nature and thus there main ingredient is sugar. Both natural sweeteners and synthetic sweeteners are used in the candies. Candies are considered to be a type of confectionary item. A wide variety of candies are available in the market in regards to flavours, shapes and sizes. Some of the common instances of candies are gums, jellies, nougat, caramel and toffees.
Rising westernization, modernization and increasing personal disposable income are the major factors fostering the growth of candy market. Ever-rising young population, growth and expansion of confectionary industry and growing popularity of dark chocolate are some other indirect candy market growth determinants. Impulsive behaviour of consumers has further propelled the manufacturers to foster large scale availability of different varieties of candies in the market. Numerous festival celebrations across the globe will also create lucrative and remunerative candy market growth opportunities in the long run. The preference for sweet indulgence post meal will further carve the way for the growth of candy market.
On the flip side, rising awareness regarding the high sugar content in candies and its harmful effect on the bodies will pose a major challenge to the growth of candy market in the long run. Rising obese and overweight population will further derail the candy market growth rate. Also, shifting consumer lifestyle towards healthier goals will dampen the market growth rate.
This candy market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on candy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Candy Market Scope and Market Size
The candy market is segmented on the basis of product type and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the candy market is segmented into chocolate candy and non-chocolate candy. Non-chocolate candy segment is sub-segmented into hard boiled candies, pastilles, gums, jellies and chews, toffees, caramels and nougat, mints and others.
- On the basis of distribution channel, the candy market is segmented into supermarkets and hypermarkets, convenience stores, specialty stores, online retail and others.
Candy Market Country Level Analysis
The candy market is analysed and market size, volume information is provided by country, product type and distribution channel as referenced above.
The countries covered in the candy market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the candy market and will continue to flourish its trend of dominance during the forecast period where the USA and Canada will emerge as the major contributors. This is because of the growing popularity of chocolate based confectionary items, presence of key players and rising product launches by the major players. However, Asia-Pacific will register the highest compound annual growth rate (CAGR) for the forecast period. Rising personal disposable income, rapid globalization, westernization, modernization and rising children and the young population are some major market growth determinants for this region. Continuous celebration of festivals in this region will also foster the growth of candy market in this region. Increasingly launching of new products with innovative flavours such as raw mango, tamarind, strawberry, and so on will also create lucrative and remunerative market growth opportunities.
The country section of the candy market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Candy Market Share Analysis
The candy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to candy market.
The major players covered in the candy market report are THE HERSHEY COMPANY, Nestlé, Perfetti Van Melle, Sour Patch Kids, Mars, Incorporated, Meiji Holdings Co., Ltd., Mondelēz International., General Mills Inc., Kellogg's Company, pladis global, LOTTE CONFECTIONERY CO.,LTD., AUGUST STORCK KG, THE BANG CANDY COMPANY., HARIBO GmbH & Co. KG, Arcor, Ferrero, Cloetta AB (publ)., Sweet Candy Company., Quality Candy Company. and palmer-candy. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Candy Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.