Report Overview
Candy, a confectionery product enjoyed by people of all ages, holds a significant position in the global snack industry. Defined as a sweet treat typically made from sugar and other ingredients, candy comes in various forms such as hard candies, chocolates, gummies, and more. Its market positioning is characterized by its indulgent nature, wide range of flavors, and impulse purchase appeal.
In 2023, the global candy market size reached approximately $80 billion. With a projected Compound Annual Growth Rate (CAGR) of 4.5% from 2024 to 2032, the market is expected to expand steadily. Key growth drivers include increasing disposable incomes, changing consumer preferences towards convenient snacking options, and the constant innovation in flavors and packaging by manufacturers. Market forces such as intense competition, evolving regulatory landscape, and growing health consciousness among consumers also shape the candy market.
Analyzing market trends reveals several noteworthy developments. Firstly, there is a rising demand for healthier candy options, leading to the introduction of sugar-free, organic, and natural ingredient-based candies. Secondly, personalized and customizable candies are gaining popularity, allowing consumers to create unique products for special occasions. Additionally, the trend of premiumization in the candy sector, with high-quality ingredients and artisanal production methods, is attracting discerning consumers willing to pay a premium for a superior experience.
Regionally, the leading markets for candy include North America, Europe, and Asia Pacific. North America dominates due to high consumption rates, strong distribution networks, and a culture of snacking. Europe follows closely, driven by the presence of established confectionery brands and a growing demand for premium and organic candies. In Asia Pacific, rapid urbanization, increasing disposable incomes, and a large young population contribute to the market’s growth.
Despite its promising outlook, the candy market faces challenges. One key challenge is the growing concerns around health and wellness, prompting manufacturers to innovate and offer healthier alternatives without compromising on taste. Additionally, fluctuating raw material prices, supply chain disruptions, and stringent regulations on ingredients and labeling pose challenges to market players.
In conclusion, the candy market’s growth trajectory is influenced by evolving consumer preferences, innovation in product offerings, and regulatory dynamics. To capitalize on opportunities, companies in the candy industry should focus on product diversification, sustainable sourcing practices, and strategic marketing to cater to changing consumer demands and preferences.
This report provides a deep insight into the global Candy market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Candy Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Candy market in any manner.
Global Candy Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Nestle
DeMet’s Candy
Mondeléz
Mars
Ferrara Candy
Arcor
August Storck
Yildiz
Grupo Bimbo
Hershey
Ferrero
Meiji
Perfetti Van Melle
Haribo
Lindt & Sprüngli
Storck
Orion
General Mills
United Confectioners
LOTTE Confectionery
Morinaga
Glico
Crown Confectionery
Cloetta
Market Segmentation (by Type)
Hard Candy
Soft Candy
Market Segmentation (by Application)
Online Sale
Offline Retail
Geographic Segmentation
• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Candy Market
• Overview of the regional outlook of the Candy Market:
Key Reasons to Buy this Report:
• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
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Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Candy Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market’s competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter’s five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.
Chapter 12 is the main points and conclusions of the report.