Candy Market
Global Candy Market Size, Share & Trends Analysis Report By Type (Hard-Boiled Candies, Pastilles, Gums, Jellies & Chews, Toffees, Lollipop, Twist & Stick candy, and Others), By Flavor (Caramel, Chocolate, Mint, Coffee, Fruits and Other) By Distribution Channel (Supermarkets/ Hypermarkets, Convenience Stores, and Online Channel), Forecast Period 2020-2026 Update Available - Forecast 2024-2030
The global candy market is anticipated to grow at a modest CAGR during the forecast period. Candy is a type of sugar-based confections that are available in both chocolate and non-chocolate forms. In addition to this, candy nowadays is also added with additional nuts, fruits, and almonds among others to enhance its flavor offerings. Hence, the market is majorly fueled by the increasing inclination of consumers towards sweets treats coupled with the availability of both chocolate and non-chocolate candy options. Additionally, the increasing emphasis of candy manufacturers to include seasonal as well as festive flavors in their product offering is also driving the adoption of candies all across the globe.
In addition to this, the significant shift in the consumer's preference towards the health-conscious candies is driving manufacturers to include innovative vegan and diet-candy options into their product portfolio. Moreover, the rising disposable income of the people across the globe will preferably aid in the growth of the candy market. However, candies contain sugar which is directly connected to diabetes and obesity-related health problems. Hence, the sugar content of the candy will restraint the adoption of candy as the prevalence of diabetes is continuously raising across the globe. Sugar-free candies will find significant market growth in the near future.
Segmental Outlook
The global candy market is segmented based on type, flavor, and distribution channels. Based on the type, the market is sub-segmented into hard-boiled candies; pastilles, gums, jellies & chews; toffees, lollipop, twist & stick candy, and others. By flavor, the market is further segmented into caramel, chocolate, mint, coffee, fruits, and others. Based on the distribution channel, the market is sub-segmented into supermarkets/ hypermarkets, convenience stores, and online channels.
The fruit candy segment will grow with considerably
The fruit candy segment is anticipated to grow with a significant CAGR in the candy market during the forecast period. It is mainly attributed to increasing innovation in the product offering by manufacturers such as new flavors, shapes among others. For instance, SmartSweets Inc. has introduced a new line of plant-based chews that are available in three flavors including mango, strawberry, and watermelon. The candies are formulated with pectin and sweetened with monk fruit to reduce the amount of added sugar. Additionally, increasing emphasis on organic food and clean-label products is also providing new opportunities to the fruit candy manufacturers in the product offering.
Global Candy Market Share by Type, 2019 (%)
Regional Outlooks
The global Candy market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is anticipated to show a significant growth rate in the candy market owing to the high population base of candy consumer that is kids and the younger generation. Additionally, increasing purchasing power coupled with changing impulsive buying behavior of consumers across the region will also influence the growth of the market. Moreover, the increasing number of small as well as big size candy manufacturing and distribution companies is also influencing the regional market. Besides, the effective advertisement and introduction of new innovative flavor and shape will also aid in the growth of the market.
Global Candy Market Growth, by Region 2020-2026
Market Players Outlook
The key players of the Candy market include Nestle S.A., the Hershey Co., Perfetti Van Melle Group BV, Mars, Inc., August Storck KG, HARIBO GmbH & Co. KG, Meiji Holdings Co., Ltd., Mondelez Global LLC, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including merger, and acquisition, collaborations, funding to the start-ups, and new product launches to stay competitive in the market.
Recent Activities
- In August 2020, the Hershey company’s owned brand Kit Kat announced the launch of Kit Kat Duos Mocha + Chocolate Candy Bar which will be available in the market starting from November 2020.
- In July 2020, Mars Inc., Incorporated brand Snickers combined two iconic treats as part of the new Snickers Peanut Brownie candy bar. The new candy will be officially available from January 2021.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Candy market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Mars, Inc.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. HARIBO GmbH & Co. KG
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Meiji Holdings Co., Ltd.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Mondelez Global LLC
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. The Hershey Co.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Candy Market by Type
5.1.1. Hard-Boiled Candies
5.1.2. Pastilles, Gums, Jellies, and Chews
5.1.3. Toffees
5.1.4. Lollipop, Twist & Stick candy
5.1.5. Others
5.2. Global Candy Market by Flavor
5.2.1. Caramel
5.2.2. Chocolate
5.2.3. Mint
5.2.4. Coffee
5.2.5. Fruits
5.2.6. Other (Coconut, Butterscotch)
5.3. Global Candy Market by Distribution Channel
5.3.1. Supermarkets/ Hypermarkets
5.3.2. Convenience Stores
5.3.3. Online Channel
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. France
6.2.5. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Arcor S.A.IC
7.2. August Storck KG
7.3. Behave Foods, Inc.
7.4. Bourbon Corp.
7.5. Chocoladefabriken Lindt & Sprüngli AG
7.6. Chocolat Frey AG
7.7. Conscious Candy Co.
7.8. Derby
7.9. EZAKI GLICO CO., LTD.
7.10. Ferrara Candy Co.
7.11. Ferrero SpA
7.12. General Mills Inc.
7.13. HARIBO GmbH & Co. KG
7.14. Mars, Inc. (NA)
7.15. Meiji Holdings Co., Ltd.
7.16. Mondelez Global LLC
7.17. MORINAGA & CO., LTD.
7.18. Nestle S.A.
7.19. Parle Products Pvt. Ltd.
7.20. Perfetti Van Melle Group B.V.
7.21. ROSHEN Corp.
7.22. SmartSweets Inc.
7.23. Suncrest Food Makers
7.24. The Hershey Co.
7.25. Valeo Foods Group
7.26. Dylan's Candy Bar
7.27. Perfetti Van Melle Group BV
1. GLOBAL CANDY MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
2. GLOBAL HARD-BOILED CANDIES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL PASTILLES, GUMS, JELLIES AND CHEWS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL TOFFEES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
5. GLOBAL LOLLIPOP, TWIST & STICK CANDY MARKET RESEARCH, AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL CANDY MARKET RESEARCH AND ANALYSIS BY FLAVOR, 2019-2026 ($ MILLION)
8. GLOBAL CARAMEL MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL CHOCOLATE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
10. GLOBAL MINT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
11. GLOBAL COFFEE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
12. GLOBAL FRUITS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
13. GLOBAL OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
14. GLOBAL CANDY MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2019-2026 ($ MILLION)
15. GLOBAL SUPERMARKET/ HYPERMARKET CANDY MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
16. GLOBAL CONVENIENCE STORES CANDY MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
17. GLOBAL ONLINE CANDY MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
18. GLOBAL OTHERS CANDY MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
19. GLOBAL CANDY MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
20. NORTH AMERICAN CANDY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
21. NORTH AMERICAN CANDY MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
22. NORTH AMERICAN CANDY MARKET RESEARCH AND ANALYSIS BY FLAVOR, 2019-2026 ($ MILLION)
23. NORTH AMERICAN CANDY MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2019-2026 ($ MILLION)
24. EUROPEAN CANDY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
25. EUROPEAN CANDY MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
26. EUROPEAN CANDY MARKET RESEARCH AND ANALYSIS BY FLAVOR, 2019-2026 ($ MILLION)
27. EUROPEAN CANDY MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2019-2026 ($ MILLION)
28. ASIA-PACIFIC CANDY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
29. ASIA-PACIFIC CANDY MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
30. ASIA PACIFIC CANDY MARKET RESEARCH AND ANALYSIS BY FLAVOR, 2019-2026 ($ MILLION)
31. ASIA-PACIFIC CANDY MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2019-2026 ($ MILLION)
32. REST OF THE WORLD CANDY MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
33. REST OF THE WORLD CANDY MARKET RESEARCH AND ANALYSIS BY FLAVOR, 2019-2026 ($ MILLION)
34. REST OF THE WORLD CANDY MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2019-2026 ($ MILLION)
1. GLOBAL CANDY MARKET SHARE BY TYPE, 2019 VS 2026 (%)
2. GLOBAL CANDY MARKET SHARE BY FLAVOR, 2019 VS 2026 (%)
3. GLOBAL CANDY MARKET SHARE BY DISTRIBUTION CHANNEL, 2019 VS 2026 (%)
4. GLOBAL CANDY MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
5. GLOBAL HARD-BOILED CANDIES MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
6. GLOBAL PASTILLES, GUMS, JELLIES AND CHEWS MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
7. GLOBAL TOFFEES MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
8. GLOBAL LOLLIPOP, TWIST & STICK CANDY MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
9. GLOBAL OTHERS CANDY TYPE MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
10. GLOBAL CARAMEL CANDY MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
11. GLOBAL CHOCOLATE CANDY MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
12. GLOBAL MINT CANDY MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
13. GLOBAL COFFEE CANDY MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
14. GLOBAL FRUITS CANDY MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
15. GLOBAL OTHER CANDY MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
16. GLOBAL SUPERMARKETS/ HYPERMARKETS CANDY MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
17. GLOBAL CONVENIENCE STORES CANDY MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
18. GLOBAL ONLINE CHANNEL CANDY MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
19. US CANDY MARKET SIZE, 2019-2026 ($ MILLION)
20. CANADA CANDY MARKET SIZE, 2019-2026 ($ MILLION)
21. UK CANDY MARKET SIZE, 2019-2026 ($ MILLION)
22. FRANCE CANDY MARKET SIZE, 2019-2026 ($ MILLION)
23. GERMANY CANDY MARKET SIZE, 2019-2026 ($ MILLION)
24. ITALY CANDY MARKET SIZE, 2019-2026 ($ MILLION)
25. REST OF EUROPE CANDY MARKET SIZE, 2019-2026 ($ MILLION)
26. INDIA CANDY MARKET SIZE, 2019-2026 ($ MILLION)
27. CHINA CANDY MARKET SIZE, 2019-2026 ($ MILLION)
28. JAPAN CANDY MARKET SIZE, 2019-2026 ($ MILLION)
29. REST OF ASIA-PACIFIC CANDY MARKET SIZE, 2019-2026 ($ MILLION)
30. REST OF THE WORLD CANDY MARKET SIZE, 2019-2026 ($ MILLION)
