Candy Market by Type, Source, Sales Channel

List of Tables

[199 Pages Report] The Candy Market size was estimated at USD 68.64 billion in 2023 and expected to reach USD 71.84 billion in 2024, at a CAGR 4.93% to reach USD 96.17 billion by 2030.

The candy market consists of various segments, including chocolate candy, non-chocolate candy, and confections that are consumed globally. This market caters to a wide range of consumers across different age groups, with its application extending from personal consumption to gift items during holidays and special occasions. The scope of the candy market is extensive and includes the manufacturing, distribution, and retail of various candies and confectioneries. The market encompasses a range of products, from artisanal chocolates to mass-produced candies, catering to consumer preferences and dietary restrictions, such as sugar-free and vegan options. The growth of the candy market is affected by several factors, including continuous innovation in flavors and packaging of candies, rising disposable income and growing spending on confectionery products, and expanding popularity of seasonal and limited-edition flavor candies. However, several limitations and challenging factors affect growth in the candy market, such as concerns associated with excessive sugar consumption and stringent food safety and labeling regulations. On the other hand, increasing demand for healthier candy options, including low-sugar and natural ingredient-based candies, expanding collaboration with influencers and celebrities for brand endorsements, utilization of e-commerce platforms for personalized and direct-to-consumer sales strategies, and investment in sustainable and eco-friendly packaging solutions to appeal to environmentally conscious customers presents potential growth opportunities for the candy market.

KEY MARKET STATISTICS
Base Year [2023]	USD 68.64 billion
Estimated Year [2024]	USD 71.84 billion
Forecast Year [2030]	USD 96.17 billion
CAGR (%)	4.93%

Type: Increasing popularity of gummy & chewy candies for their fun shapes and vibrant colors

Chocolate candy remains a perennial favorite among consumers of all ages due to its rich, versatile flavor and comforting texture. This segment of the candy market includes milk chocolate, dark chocolate, and white chocolate varieties, filled with a range of ingredients such as nuts, caramel, fruit, and nougat. Gummy and chewy candies are celebrated for their fun shapes, vibrant colors, and delightful textures. This category includes gummy bears, jelly beans, chewy fruit-flavored candies, and licorice. The need-based preference for these candies is often tied to nostalgia, low-cost indulgence, and snacks for movies or parties. Hard candies are appreciated for their long-lasting flavor and convenience. This category encompasses fruit drops, lozenges, peppermints, and sour candies. Consumers gravitate towards hard candies for their soothing effects on the throat, low-calorie content, and durable packaging for on-the-go consumption. With their convenience and variety, lollipops cater to a broad audience, including children and adults who enjoy a sweet treat without the mess. This category includes simple sugar lollipops, filled lollipops, and novelty shapes and sizes. Mints serve the dual purpose of sweet sensation and breath freshening, making them a staple in many consumers' daily routines. This category includes peppermint, spearmint, and wintergreen flavors in hard, soft, and gum varieties. Its preferences include breath freshening and low-calorie snacking. Powdered candy, known for its unique consumption experience, includes flavors directly ingested or mixed with saliva to create a paste. This category appeals to those seeking a fun, interactive eating experience, often reminiscent of childhood. This category is revered for its rich, chewy textures and a wide array of sophisticated flavors. Toffee, caramels, and nougats cater to a more stong palate, with a need-based preference leaning towards indulgence, luxury treats, and gourmet snacking. The candy market is diverse, with each category serving distinct consumer needs ranging from luxury indulgences such as chocolate candies, toffee, caramels, & nougats to health-conscious snacking, including hard candies and mints. Gummy & chewy candies and powdered candies primarily target a younger demographic seeking fun and novelty. Meanwhile, chocolate remains the most versatile category, appealing to a broad spectrum of consumers looking for premium products, gifts, or personal treats.

Sales Channel: Growing purchase of candies at supermarkets and hypermarkets

Convenience stores have consistently served as a prime venue for impulse candy purchases due to their widespread accessibility and extended hours. This channel caters to consumers seeking immediate gratification or making last-minute purchases. Direct sales in the candy industry primarily occur through manufacturer or brand websites, offering everything from customized options to limited edition releases. This channel serves the needs of consumers looking for a more personalized purchase experience or those loyal to specific brands. Online retailers have quickly ascended as a dominant force in candy sales, attributed to the convenience of doorstep delivery and the broad selection available at the click of a button. This channel is favored by consumers valuing variety and ease of purchase. Specialty candy shops are the go-to channel for consumers seeking artisanal, gourmet, or niche candy products. These retailers provide a unique shopping experience by offering rare finds and high-quality options not typically available in other channels. Supermarkets & hypermarkets remain a central channel for candy sales, offering convenience and a wide selection of brands under one roof. These stores cater to the regular shopping routines of consumers, making candy easily accessible alongside groceries. Each sales channel serves distinct consumer needs and preferences. Convenience stores command impulse buys; direct sales capitalize on brand loyalty and customization; online retailers offer unparalleled variety and convenience; specialty shops cater to niche markets with artisanal offerings; and supermarkets & hypermarkets provide accessibility and variety in a routine shopping environment.

Regional Insights

In North America, particularly the U.S. and Canada, the candy market continues to exhibit steady growth, partly due to the strong presence of major confectionery brands and a significant consumer base with a high disposable income. Recent patents focus on enhancing flavor longevity and texture alterations to satisfy evolving consumer preferences. There is a notable shift towards organic and sugar-free alternatives driven by health-conscious consumers. South America's candy market is diverse, with traditional flavors and local specialties driving consumer preferences. Europe's candy market is diverse, with a robust demand for high-quality confectionery. The region's focus on sustainable and ethically sourced ingredients is noteworthy, influencing product innovation and consumer choices significantly. Germany, the UK, and France are pivotal markets, with consumers showing a keen interest in gourmet offerings and traditional sweets. The Middle East has a growing confectionery market, with a notable preference for luxury and gourmet candy products. Africa's candy market is in a nascent stage with significant potential for growth. The expansion of retail infrastructure and the rise of the urban middle class are promising indicators for the candy industry. The APAC region is witnessing rapid development in the global candy market due to rising incomes, urbanization, and the expansion of retail infrastructure. China's candy market is seeing an increase in e-commerce sales, with a significant lean towards premium and imported candy brands. India presents a diverse candy market with a strong preference for traditional sweets which coexist with modern confectioneries. The increase in disposable income among the middle class has increased the consumption of branded candies.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Candy Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Candy Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Candy Market, highlighting leading vendors and their innovative profiles. These include AUGUST STORCK KG, Barry Callebaut AG, Burgundy Hospitality Pvt. Ltd., Chocoladefabriken Lindt & Sprungli AG, Cloetta AB, Confiseries Mondoux Inc., Ferrero International, General Mills, Inc., HARIBO GmbH & Co. KG, Jelly Belly International, Just Born, Inc., Lotte Co., Ltd., Mars, Incorporated, Meiji Holdings Co., Ltd., Mondelez Global LLC, Morinaga & Co., Ltd., Naeem Foods, Nestle S.A., Orion Corporation, Palmer Candy, Parle Products Pvt. Limited, Perfetti Van Melle Group B.V., pladis Foods Ltd., Quality Candy Company, Samkan Products Pvt. Ltd., Sugarfina USA LLC, Sweet Candy Company, Inc., The Hershey Company, Vidal Golosinas S.A, and Walmart Inc..

Market Segmentation & Coverage

This research report categorizes the Candy Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Chocolate Candy
- Gummy & Chewy Candies
- Hard Candies
- Lollipops
- Mints
- Powdered Candy
- Toffee, Caramels, & Nougats

Source
- Conventional
- Organic

Sales Channel
- Convenience Stores
- Direct Sales
- Online Retailers
- Specialty Candy Shops
- Supermarkets & Hypermarkets

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Candy Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Candy Market?

3. What are the technology trends and regulatory frameworks in the Candy Market?

4. What is the market share of the leading vendors in the Candy Market?

5. Which modes and strategic moves are suitable for entering the Candy Market?

Product Code: MRR-F97DD5A7D992

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Continuous innovation in flavors and packaging of candies
  - 5.1.1.2. Rising disposable income and growing spending on confectionery products
  - 5.1.1.3. Expanding popularity of seasonal and limited-edition flavor candies
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuations in the prices of sugar, cocoa, and other raw materials
- 5.1.3. Opportunities
  - 5.1.3.1. Increasing demand for healthier candy options, including low-sugar and natural ingredient-based candies
  - 5.1.3.2. Expanding collaboration with influencers and celebrities for brand endorsements
- 5.1.4. Challenges
  - 5.1.4.1. Concerns associated with product recalls and stringent food safety and labelling regulations
5.2. Market Segmentation Analysis
- 5.2.1. Type: Increasing popularity of gummy & chewy candies for their fun shapes and vibrant colors
- 5.2.2. Sales Channel: Growing purchase of candies at supermarkets and hypermarkets
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Candy Market, by Type

6.1. Introduction
6.2. Chocolate Candy
6.3. Gummy & Chewy Candies
6.4. Hard Candies
6.5. Lollipops
6.6. Mints
6.7. Powdered Candy
6.8. Toffee, Caramels, & Nougats

7. Candy Market, by Source

7.1. Introduction
7.2. Conventional
7.3. Organic

8. Candy Market, by Sales Channel

8.1. Introduction
8.2. Convenience Stores
8.3. Direct Sales
8.4. Online Retailers
8.5. Specialty Candy Shops
8.6. Supermarkets & Hypermarkets

9. Americas Candy Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Candy Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Candy Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Ferrara Candy Company to Acquire Jelly Belly Candy Company
- 12.3.2. HARIBO Opens First U.S. Factory Amid Growing Gummy Interest
- 12.3.3. Koios Launches Innovative New Gummy Bear Line "Swol Bears" Infused with Vitamin D
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio