Candy Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Candy is a confectionery that features sugar as a major ingredient. Sugar or sucrose from sugar beets or sugarcane is the major ingredient used in most candy products. Other sweeteners used in candy production include corn sugar, honey, corn syrup, maple sugar, molasses, and noncaloric sweeteners. Sweeteners may be used in liquid or dry form. The sugar confectionery is any sweet confection, including chocolate, chewing gum, and sugar candy.

MARKET DYNAMICS

The candy market has witnessed significant growth owing to factors such as population growth, disposable income, and consumer tastes and preferences. Moreover, surging demand for candies, primarily among children and the young population, provides huge market opportunities for the key players in the market. However, high sugar content in most of the candies is projected to hamper the overall growth of the candy market.

MARKET SCOPE

The "Global Candy Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the candy market with detailed market segmentation by product type, distribution channel and geography. The global candy market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading candy market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global candy market is segmented on the basis of product type and distribution channel. On the basis of product type, the candy market is segmented into chocolate candy and non-chocolate candy. On the basis of distribution channel, the candy market is segmented into supermarkets and hypermarkets, convenience stores, specialist retailers, online retail, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global candy market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The candy market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the candy market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the candy market in these regions.

Candy Market Report Analysis

Candy Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Perfetti Van Melle Group B.V.
• Mondelez International, Inc.,
• Mars, Incorporated
• Haribo GmbH and Co. KG
• Nestle S.A.
• The Hershey Company
• Ferrero Group
• Cloetta Ab
• Grupo Arcor

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Product Type

• Chocolate Candy
• Non-Chocolate Candy

By Distribution Channel

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialist Retailers
• Online Retail

MARKET PLAYERS

The reports cover key developments in the candy market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from candy market are anticipated to lucrative growth opportunities in the future with the rising demand for candy in the global market. Below mentioned is the list of few companies engaged in the candy market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the candy market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Perfetti Van Melle Group B.V.
  
•   Mondelez International, Inc.,
  
•   Mars, Incorporated
  
•   Haribo GmbH & Co. KG
  
•   Nestle S.A.
  
•   The Hershey Company
  
•   Ferrero Group
  
•   Cloetta Ab
  
•   Grupo Arcor
  
•   Ferrara Candy Co.
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Candy Market Report Scope