Candy market has been estimated to grow significantly in the coming years owing to not only its popularity among the children but also amongst the adults and its applications in various deserts such as ice cream sundaes. Apart from this, the attractive packaging of the candies has also played a vital role in the rise and expansion of the candy market all over the globe. Apart from this, the recommendation of the doctors to maintain the sugar levels among the diabetic patients has also known to contribute to the increasing demand for the candy market all over the globe.
Based on product type, the chocolate candy segment held the largest share in the global candy market in 2021. Apart from its rising demand from the millennial population, chocolate candy has also been gaining high demand due to new product launches such as low-calorie and fat-free chocolate candies. For instance in January 2021, Chocolette Confectionary LLC announced the launch of its "guilt free" Red Delight chocolate collection in the US having the world's lowest calorie chocolates of only 16 calories per piece.
Moreover, regional as well as local candy market manufacturers have been focusing on various growth strategies, including collaborations and merges & acquisitions, with major players globally to strengthen their market position. For instance, in July 2018, Arcor, an Argentina-based food company specializing in confectionery, formed a US$ 45 million joint venture with Webcor Group, a Switzerland-based provider of agricultural commodities and fast-moving consumer goods.
Key features of the study:
- This report provides in-depth analysis of candy market, and provides market size (US$ Million and Tons) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, trends, and regional outlook
- It profiles key players in the global candy market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include August Stork, Candy Me, CartoonCandy, Cloetta Ab, DeMet, Ferrero Group, Ferrara Candy Company, Grupo Arcor, Haribo GmbH & Co. KG, Mars, Incorporated, Mondelez International, Inc., Naeemfoods, Perfetti Van Melle, Purebred Confectionery, Rock Candy, and The Hershey Company
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
- The global candy market report caters to various stakeholders in this industry including investors, suppliers, candy manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global candy market
Detailed Segmentation:
- Global Candy Market, By Product Type:
- Chocolate Candy
- Non-Chocolate Candy
- Hard Boiled Candies
- Lollipops
- Others
- Pastilles, Gums, Jellies and Chews
- Toffees, Caramels and Nougat
- Mints
- Others
- Global Candy Market, By Distribution Channel:
- Supermarkets & Hypermarkets
- Convenience Stores
- Specialist Retailers
- Online Retail
- Others
- Global Candy Market, By Region:
- North America
- By Product Type:
- Chocolate Candy
- Chocolate Bars
- Others
- Non-Chocolate Candy
- Hard Boiled Candies
- Lollipops
- Others
- Pastilles, Gums, Jellies and Chews
- Toffees, Caramels and Nougat
- Mints
- Others
- By Distribution Channel:
- Supermarkets & Hypermarkets
- Convenience Stores
- Specialist Retailers
- Online Retail
- Others
- U.S.
- Canada
- Europe
- By Product Type:
- Chocolate Candy
- Chocolate Bars
- Others
- Non-Chocolate Candy
- Hard Boiled Candies
- Lollipops
- Others
- Pastilles, Gums, Jellies and Chews
- Toffees, Caramels and Nougat
- Mints
- Others
- By Distribution Channel:
- Supermarkets & Hypermarkets
- Convenience Stores
- Specialist Retailers
- Online Retail
- Others
- U.K
- Italy
- France
- Germany
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Product Type:
- Chocolate Candy
- Chocolate Bars
- Others
- Non-Chocolate Candy
- Hard Boiled Candies
- Lollipops
- Others
- Pastilles, Gums, Jellies and Chews
- Toffees, Caramels and Nougat
- Mints
- Others
- By Distribution Channel:
- Supermarkets & Hypermarkets
- Convenience Stores
- Specialist Retailers
- Online Retail
- Others
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Latin America
- By Product Type:
- Chocolate Candy
- Chocolate Bars
- Others
- Non-Chocolate Candy
- Hard Boiled Candies
- Lollipops
- Others
- Pastilles, Gums, Jellies and Chews
- Toffees, Caramels and Nougat
- Mints
- Others
- By Distribution Channel:
- Supermarkets & Hypermarkets
- Convenience Stores
- Specialist Retailers
- Online Retail
- Others
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- By Product Type:
- Chocolate Candy
- Chocolate Bars
- Others
- Non-Chocolate Candy
- Hard Boiled Candies
- Lollipops
- Others
- Pastilles, Gums, Jellies and Chews
- Toffees, Caramels and Nougat
- Mints
- Others
- By Distribution Channel:
- Supermarkets & Hypermarkets
- Convenience Stores
- Specialist Retailers
- Online Retail
- Others
- Middle East
- Africa
- Company Profiles
- August Stork *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Candy Me
- CartoonCandy
- Cloetta Ab
- DeMet
- Ferrero Group
- Ferrara Candy Company
- Grupo Arcor
- Haribo GmbH & Co. KG
- Mars, Incorporated
- Mondelez International, Inc.
- Naeemfoods
- Perfetti Van Melle
- Purebred Confectionery
- Rock Candy
- The Hershey Company
"*" marked represents similar segmentation in other categories in the respective section.