Candy Market, Size, Share, Growth, Trends, Insight and Industry Forecast, 2021-2028

SKU: DMFB2970 | Last Updated On: Jul 22 2021 | No. of Pages: 180 | Available Formats

> Global Candy Market Expected to reach a high CAGR of 3.6% By 2028: DataM Intelligence

Global Candy Market is segmented By Type (Chocolate Candy, Non-Chocolate Candy (Hard Boiled Candies, Pastilles, Gums, Jellies and Chews, Toffees, Caramels, and Nougat, Mints, Others)), By Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Specialty Stores, Online Retailers, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2021-2028

Market Overview

The Global Candy Market is expected to grow at a CAGR of 3.6% during the forecasting period (2021-2028).

The food and beverages industry identifies candy as a part of the confectionery industry and uses the terms confectionery and candy interchangeably. This preferably includes preserves, pastries, and ice creams.  The global candy market is anticipated to grow at a CAGR of over 3.8%, during the forecast period owing to increasing innovation in existing products and rising demand for chocolate products globally. However, rising health concerns about diseases like obesity and diabetes are somewhat inhibiting the growth of the global candy market. To tackle this situation, sugar-free and low-calorie candies are being manufactured by the companies. Major challenges faced by the industry include rising government regulations, changing end-user preferences, and health issues, which might hamper the growth of the market through 2028.

Source: DataM Intelligence Analysis (2021)

Market Dynamics

New candy flavors unveiling in the market is expected to drive the market growth

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 the young population will further support the market growth of candy across the globe. The lucrative target population for the candy market is the children and the young population.  According to the U.S. Census Bureau, in the year 2016, children aged 0-17 years accounted for 73.6 million populations. 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 focusing 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. For instance, Big Red is a cinnamon-flavored gum manufactured by Mars Incorporated. 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.

Market Segmentation: Non-chocolate candy segment is expected to be the largest segment with a share of XX% during the forecast period

The global candy market has been segmented by type into chocolate candy and non-chocolate candy. The non-chocolate candy segment held the largest share as of 2020 due to the variety of flavors available in the form of hard candies, chewing gums, lollipops, gummies, caramel candies, jelly candies, and many others. Toffees, caramels and nougat segment held a significant market revenue share of XX% in the year 2020. According to CalorieKing.com, caramel candies contain around 7.8g of carbohydrates and 0.5g of protein, which provides energy to the body. Based on The American Heart Association, saturated fats block the arteries and are recommended to be a maximum of 7% of the overall daily calories. A caramel candy contains 0.3g of saturated fat. Thus, this segment generated significant revenue in the year 2020.

On the other hand, chocolate candies are highly preferred by all age groups. Chocolate flavor has many health benefits, such as it helps in reducing mortality rates, and also aids in treating diseases like bronchitis and depression. In addition, dark chocolates possess huge health benefits due to the cocoa content. It aids in proper blood flow in the body and facilitates overall blood vessel functionality.

Geographical Penetration: Asia Pacific is expected to dominate the global Candy market

By geography, Asia Pacific is expected to dominate the global candy market in the year 2020, growing with a CAGR of xx% during the forecast period. The growing population in emerging economies has led to the high demand for candies, fueled by impulsive purchase behavior of consumers. Developing economies, where per capita candy consumption is very low compared to their western counterparts is slowing increasing. Many countries are witnessing campaigns and media advertisements related to innovative candy products which are directly impacting the sales rate of sugar-based confectionary. Companies are increasingly launching products with innovative flavors such as raw mango, Tamarind and Strawberry to win the attention of consumers.

 

Source: DataM Intelligence Analysis (2021)

Competitive Landscape:

The global candy market is highly competitive with a huge number of domestic companies capturing minimal share in the market. Some of the key companies of the market include The Hershey Company, Ferrara Candy Co., Mars Incorporated, and Nestlé SA among others. With a wide portfolio of well-known brands, these companies are dominating the candy market. Owing to the rapidly developing nature of the market, launching a new product has become the most important strategy, among all. Moreover, the key players are focusing on strategic initiatives such as collaborations/partnerships, and geographic expansions. For instance, in January 2021, Mondelez International Inc., announced the launch of Cadbury Dairy Milk Silk Mousse India under its premium chocolate segment. In 2020, Perfetti Van Melle USA Inc. launched its first soft gummy product in the United States under the Fruit-tella brand, which has strong roots in Europe. Fruit-tella Soft Gummies have real fruit puree and are made with pectin instead of gelatin. Available in Strawberry and Raspberry and Peach and Mango varieties, each gummy has a playful fruit character shape. In 2019, following the success of M&M’S Block in the United States and Australia, Mars Wrigley United Kingdom announced its plan to expand its four brand-new M&M’S block variants to the UK market – Chocolate, Crispy, Hazelnut, and Peanut.

COVID-19 Impact: Increase in demand for candies due to work from home situation

Candy products have acquired a prominent place in households across the globe due to COVID-19 lockdown implementations and lockdown extensions. The preference for sweet indulgence has increased due to more consumers working from home. Early sales data of the candy market across the globe registered a steep decline in the gums and mint category as a result of COVID-19, while chocolate candy, as well as non-chocolate candy, continues to attain strong growth. COVID-19 also brought massive changes to the retail side of the candy industry.

However, the imports and exports of various products have been paused due to pandemic situation. The exports of raw materials required for chocolates have declined from previous year, which will impact the overall market. The majority of the confectionery manufacturers have shut down which also reduces the requirement of the imported raw materials. Partial lockdown in other cities and states includes access to all the shops with restricted timings. These regulations vary from one country to other and it negatively impacts the candy market as there is less/no manpower for productions. For instance, in the U.S., The Hershey Company has temporarily closed all the facilities effective from March 15th 2020. The company also closed its branches around the world, owing to lockdown.

However, with the manufacturing facilities re-opening in various economies and the market players working towards reinstating the supply chain disruptions, it is anticipated to improve the market situation. As sugar and chocolate items are considered comfort food and consumers find unique ways to celebrate with more at-home activities such as baking, it is expected to impact the market positively. More consumers started using online ordering for groceries, ranging from click-and-collect to home delivery. The Hershey Company stated that its e-commerce sales were up significantly, with growth over 120% in March 2020, versus 60% in January 2020 and February 2020.

Why Purchase the Report?

  • Understand the current market scenario and viability of global candy over the forecast period
  • Visualize the composition of the global candy market in terms of type, and by distribution channel to identify major players, growth potential, and market strategies
  • Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
  • Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Excel data sheet with valuable data points of the global candy market – Regional and Country level segmentation
  • Product mapping in excel for the key products of all major market players
  • Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience:

  • Confectionery Companies
  • Food Retail Corporations
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals

Table of Contents

  1. Global Candy Market -Scope and Methodology

    1. Research Methodology
    2. Scope of the Market
  2. Global Candy Market -Key Trends and Developments

  3. Global Candy Market – Executive Summary

    1. Market Snippet by Type
    2. Market Snippet by Distribution Channel
  4. Global Candy Market – Market Dynamics

    1. Market impacting factors
      1. Drivers
      2. Restraints
      3. Opportunities
    2. Impact analysis
  5. Global Candy Market – Industry Analysis

    1. Porter's five forces analysis
    2. Supply chain analysis
    3. Patent Analysis
    4. Regulatory Analysis
  6. Global Ice Cream Market – COVID-19 Analysis

    1. Analysis of Covid-19 on the Market
      1. Before COVID-19 Market Scenario
      2. Present COVID-19 Market Scenario
      3. After COVID-19 or Future Scenario
    2. Pricing Dynamics Amid Covid-19
    3. Demand-Supply Spectrum
    4. Government Initiatives Related to the Market During Pandemic
    5. Manufacturers Strategic Initiatives
  7. Global Candy Market – By Type

    1. Introduction
      1. Market size analysis, and y-o-y growth analysis (%), By Type Segment
      2. Market attractiveness index, By Type Segment
    2. Chocolate Candy*
      1. Introduction
      2. Market size analysis, US$ million, 2019-2028 and y-o-y growth analysis (%), 2020-2028       
    3. Non-Chocolate Candy
      1. Hard Boiled Candies
      2. Pastilles, Gums, Jellies and Chews
      3. Toffees, Caramels and Nougat
      4. Mints
      5. Others
  8. Global Candy Market – By Distribution Channel

    1. Introduction
      1. Market size analysis, and y-o-y growth analysis (%), By Distribution Channel Segment
      2. Market attractiveness index, By Distribution Channel Segment
    2. Supermarkets/Hypermarkets*
      1. Introduction
      2. Market size analysis, US$ million, 2019-2028 and y-o-y growth analysis (%), 2020-2028       
    3. Convenience Stores
    4. Specialty Stores
    5. Online Retailers
    6. Others
  9. Global Candy Market – By Region

    1. Introduction
      1. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key region-specific dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
  10. Global Candy Market – Competitive Landscape

    1. Competitive scenario
    2. Competitor strategy analysis
    3. Comparative type portfolio analysis
    4. Market positioning/share analysis
    5. Mergers and acquisitions analysis
  11. Global Candy Market – Company Profiles

    1. Perfetti Van Melle Group B.V.*
      1. Company Overview
      2. Type Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Mondelez International, Inc.,
    3. Mars, Incorporated
    4. Haribo GmbH & Co. KG
    5. Nestle S.A.
    6. The Hershey Company
    7. Ferrero Group
    8. Cloetta Ab
    9. Grupo Arcor
    10. DeMet’s Candy Co
  12. Global Candy Market – Premium Insights

  13. Global Candy Market – DataM

    1. Appendix
    2. About us and services
    3. Contact us

List of Tables & Figures

List of Tables

Table 1 Global Candy Market Value, By Type, 2020, 2024 & 2028 ($ MILLION)

Table 2 Global Candy Market Value, By Distribution Channel, 2020, 2024 & 2028 ($ MILLION)

Table 3 Global Candy Market Value, By Region, 2020, 2024 & 2028 ($ MILLION)

Table 4 Global Candy Market Value, By Type, 2020, 2024 & 2028 ($ MILLION)

Table 5 Global Candy Market Value, By Type, 2019-2028 ($ MILLION)

Table 6 Global Candy Market Value, By Distribution Channel, 2020, 2024 & 2028 ($ MILLION)

Table 7 Global Candy Market Value, By Distribution Channel, 2019-2028 ($ MILLION)

Table 8 Global Candy Market Value, By Region, 2020, 2024 & 2028 ($ MILLION)

Table 9 Global Candy Market Value, By Region, 2019-2028 ($ MILLION)

Table 10 North America Candy Market Value, By Type, 2019-2028 ($ MILLION)

Table 11  North America Candy Market Value, By Distribution Channel, 2019-2028 ($ MILLION)

Table 12 North America Candy Market Value, By Country, 2019-2028 ($ MILLION)

Table 13 South America Candy Market Value, By Type, 2019-2028 ($ MILLION)

Table 14 South America Candy Market Value, By Distribution Channel, 2019-2028 ($ MILLION)

Table 15 South America Candy Market Value, By Country, 2019-2028 ($ MILLION)

Table 16 Europe Candy Market Value, By Type, 2019-2028 ($ MILLION)

Table 17 Europe Candy Market Value, By Distribution Channel, 2019-2028 ($ MILLION)

Table 18 Europe Candy Market Value, By Country, 2019-2028 ($ MILLION)

Table 19 Asia-Pacific Candy Market Value, By Type, 2019-2028 ($ MILLION)

Table 20 Asia-Pacific Candy Market Value, By Distribution Channel, 2019-2028 ($ MILLION)

Table 21 Asia-Pacific Candy Market Value, By Country, 2019-2028 ($ MILLION)

Table 22 Middle East & Africa Candy Market Value, By Type, 2019-2028 ($ MILLION)

Table 23 Middle East & Africa Candy Market Value, By Distribution Channel, 2019-2028 ($ MILLION)

Table 24 Perfetti Van Melle Group B.V. : Overview

Table 25 Perfetti Van Melle Group B.V. : Product Portfolio

Table 26 Perfetti Van Melle Group B.V. : Key Developments

Table 27 Mondelez International, Inc., : Overview

Table 28 Mondelez International, Inc., : Product Portfolio

Table 29 Mondelez International, Inc., : Key Developments

Table 30 Mars, Incorporated : Overview

Table 31 Mars, Incorporated : Product Portfolio

Table 32 Mars, Incorporated : Key Developments

Table 33 Haribo GmbH & Co. KG : Overview

Table 34 Haribo GmbH & Co. KG : Product Portfolio

Table 35 Haribo GmbH & Co. KG : Key Developments

Table 36 Nestle S.A. : Overview

Table 37 Nestle S.A. : Product Portfolio

Table 38 Nestle S.A. : Key Developments

Table 39 The Hershey Company : Overview

Table 40 The Hershey Company : Product Portfolio

Table 41 The Hershey Company : Key Developments

Table 42 Ferrero Group : Overview

Table 43 Ferrero Group : Product Portfolio

Table 44 Ferrero Group : Key Developments

Table 45 Cloetta Ab : Overview

Table 46 Cloetta Ab : Product Portfolio

Table 47 Cloetta Ab : Key Developments

Table 48 Grupo Arcor : Overview

Table 49 Grupo Arcor : Product Portfolio

Table 50 Grupo Arcor : Key Developments

Table 51 DeMet’s Candy Co: Overview

Table 52 DeMet’s Candy Co: Product Portfolio

Table 53 DeMet’s Candy Co: Key Developments

List of Figures

Figure 1 Global Candy Market Share, By Type, 2020 & 2028 (%)

Figure 2 Global Candy Market Share, By Distribution Channel, 2020 & 2028 (%)

Figure 3 Global Candy Market Share, By Region, 2020 & 2028 (%)

Figure 4 Global Candy Market Value, 2019-2028 ($ MILLION)

Figure 5 Global Candy Market Y-o-Y Growth, By Type, 2020-2028 (%)

Figure 6 Chocolate Candy: Global Candy Market Value, 2019-2028 ($ MILLION)

Figure 7 Non-Chocolate Candy: Global Candy Market Value, 2019-2028 ($ MILLION)

Figure 8     Global Candy Market Y-o-Y Growth, By Distribution Channel, 2020-2028 (%)

Figure 9 Supermarkets/Hypermarkets: Global Candy Market Value, 2019-2028 ($ MILLION)

Figure 10    Convenience Stores: Global Candy Market Value, 2019-2028 ($ MILLION)

Figure 11    Specialty Stores: Global Candy Market Value, 2019-2028 ($ MILLION)

Figure 12    Online Retailers: Global Candy Market Value, 2019-2028 ($ MILLION)

Figure 13    Others: Global Candy Market Value, 2019-2028 ($ MILLION)

Figure 14    Global Candy Market Y-o-Y Growth, By Region, 2020-2028 (%)

Figure 15    North America Candy Market Value, 2019-2028 ($ MILLION)

Figure 16    North America Candy Market Share, By Type, 2020 & 2028 (%)

Figure 17    North America Candy Market Share, By Distribution Channel, 2020 & 2028 (%)

Figure 18    North America Candy Market Share, By Country, 2020 & 2028 (%)

Figure 19    South America Candy Market Value, 2019-2028 ($ MILLION)

Figure 20   South America Candy Market Share, By Type, 2020 & 2028 (%)

Figure 21    South America Candy Market Share, By Distribution Channel, 2020 & 2028 (%)

Figure 22   South America Candy Market Share, By Country, 2020 & 2028 (%)

Figure 23   Europe Candy Market Value, 2019-2028 ($ MILLION)

Figure 24   Europe Candy Market Share, By Type, 2020 & 2028 (%)

Figure 25   Europe Candy Market Share, By Distribution Channel, 2020 & 2028 (%)

Figure 26   Europe Candy Market Share, By Country, 2020 & 2028 (%)

Figure 27    Asia-Pacific Candy Market Value, 2019-2028 ($ MILLION)

Figure 28   Asia-Pacific Candy Market Share, By Type, 2020 & 2028 (%)

Figure 29   Asia-Pacific Candy Market Share, By Distribution Channel, 2020 & 2028 (%)

Figure 30   Asia-Pacific Candy Market Share, By Country, 2020 & 2028 (%)

Figure 31    Middle East & Africa Candy Market Value, 2019-2028 ($ MILLION)

Figure 32   Middle East & Africa Candy Market Share, By Type, 2020 & 2028 (%)

Figure 33   Middle East & Africa Candy Market Share, By Distribution Channel, 2020 & 2028 (%)

Figure 34   Perfetti Van Melle Group B.V. : Financials

Figure 35   Mondelez International, Inc., : Financials

Figure 36   Mars, Incorporated : Financials

Figure 37    Haribo GmbH & Co. KG : Financials

Figure 38   Nestle S.A. : Financials

Figure 39   The Hershey Company : Financials

Figure 40   Ferrero Group : Financials

Figure 41    Cloetta Ab : Financials

Figure 42   Grupo Arcor : Financials

Figure 43   DeMet’s Candy Co: Financials

 

 

 

G

M

T

 

 

 

Detect languageAfrikaansAlbanianAmharicArabicArmenianAzerbaijaniBasqueBelarusianBengaliBosnianBulgarianCatalanCebuanoChichewaChinese (Simplified)Chinese (Traditional)CorsicanCroatianCzechDanishDutchEnglishEsperantoEstonianFilipinoFinnishFrenchFrisianGalicianGeorgianGermanGreekGujaratiHaitian CreoleHausaHawaiianHebrewHindiHmongHungarianIcelandicIgboIndonesianIrishItalianJapaneseJavaneseKannadaKazakhKhmerKoreanKurdishKyrgyzLaoLatinLatvianLithuanianLuxembourgishMacedonianMalagasyMalayMalayalamMalteseMaoriMarathiMongolianMyanmar (Burmese)NepaliNorwegianPashtoPersianPolishPortuguesePunjabiRomanianRussianSamoanScots GaelicSerbianSesothoShonaSindhiSinhalaSlovakSlovenianSomaliSpanishSundaneseSwahiliSwedishTajikTamilTeluguThaiTurkishUkrainianUrduUzbekVietnameseWelshXhosaYiddishYorubaZulu

 

AfrikaansAlbanianAmharicArabicArmenianAzerbaijaniBasqueBelarusianBengaliBosnianBulgarianCatalanCebuanoChichewaChinese (Simplified)Chinese (Traditional)CorsicanCroatianCzechDanishDutchEnglishEsperantoEstonianFilipinoFinnishFrenchFrisianGalicianGeorgianGermanGreekGujaratiHaitian CreoleHausaHawaiianHebrewHindiHmongHungarianIcelandicIgboIndonesianIrishItalianJapaneseJavaneseKannadaKazakhKhmerKoreanKurdishKyrgyzLaoLatinLatvianLithuanianLuxembourgishMacedonianMalagasyMalayMalayalamMalteseMaoriMarathiMongolianMyanmar (Burmese)NepaliNorwegianPashtoPersianPolishPortuguesePunjabiRomanianRussianSamoanScots GaelicSerbianSesothoShonaSindhiSinhalaSlovakSlovenianSomaliSpanishSundaneseSwahiliSwedishTajikTamilTeluguThaiTurkishUkrainianUrduUzbekVietnameseWelshXhosaYiddishYorubaZulu  

 

 

 

 

 

 

 

 

 

Text-to-speech function is limited to 200 characters

 

 

 

 

Options : History : Feedback : Donate Close

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report



Get your FREE SAMPLE PROPOSAL with a single click!

linkedinpinterest