Market Overview:
The global candy market is expected to reach a value of USD XX million by 2030, registering a CAGR of XX% during the forecast period 2018-2030. The growth in the market can be attributed to factors such as rising demand for premium and innovative candies, increasing disposable income, growing urban population, and changing lifestyle trends. The hard candy segment is projected to account for the largest share of the global candy market in terms of value during the forecast period. This can be attributed to its high popularity among consumers across all age groups. In addition, soft candies are also witnessing significant growth due to their low calorie content and portability. Regionally, North America is estimated to account for the largest share of the global candy market in 2018 followed by Europe and Asia Pacific respectively. The dominance of these regions can be attributed to factors such as high disposable income levels coupled with rising demand for premium candies.
Product Definition:
Candy is a type of food that is often made from sugar, corn syrup, and butter. It can also include flavorings such as chocolate, fruit, or nuts. Candy is usually eaten as a snack or dessert.
Hard Candy:
Hard candies are also known as mints or hard sweets. They are made up of sugar and have high content of minerals like calcium, zinc, iron & magnesium. These candies can be consumed in small quantity as they contain less amount of moisture compared to soft candies which makes them ideal for kids.
Hard candy is a type of confectionery product manufactured using chocolates that have been hardened by the addition of heat.
Soft Candy:
Soft candy is a general term for any candy that does not contain hard confectionery ingredients such as nuts, chocolate, or caramel. Soft candies are usually made with sugar and flavoring agents. They can be classified into two types: hard candies and lollipops. Hard candies consist of cocoa powder, while lollipops have soft centers and are often coated in chocolate; both contain no artificial sweeteners or colors.
Application Insights:
The online sale application segment accounted for the largest revenue share of over 40% in 2017. The growth can be attributed to the easy availability of products through e-commerce platforms. Moreover, manufacturers are also trying to enter into agreements with e-commerce companies, which will help them in reaching a wider audience and increasing their presence on Google and Yahoo search engines. This will eventually drive the demand further.
Offline retail is expected to expand at a CAGR of XX% from 2018 to 2030 owing to increased penetration into smaller towns and cities as well as rural areas by major players such as Mondel„“z International Group, L¢â‚¬â„¢Oreal Paris Sdn Bhd., Kraft Foods Inc., The Hershey Company among others.
Regional Analysis:
North America dominated the global candy market in 2017. The U.S., in particular, is one of the largest consumers of Halloween candies and confectionery products, which has contributed to its large share globally. Furthermore, growing health concerns among consumers are driving them toward healthy alternatives such as sugar-free candies that are fueling growth in this region.
Asia Pacific is expected to be the fastest-growing regional market from 2018 to 2030 owing to increasing consumer spending on food and beverages coupled with rising disposable income levels in developing countries such as China and India over the forecast period.
Growth Factors:
- Increasing demand for premium and artisanal candies
- Growing demand from emerging markets
- Innovation in product offerings
- Expansion of distribution channels
- Rising consumer awareness about the health benefits of candy
Scope Of The Report
Report Attributes
Report Details
Report Title
Candy Market Research Report
By Type
Hard Candy, Soft Candy
By Application
Online Sale, Offline Retail
By Companies
Nestle, DeMet’s Candy, Mondeléz, Mars, Ferrara Candy, Arcor, August Storck, Yildiz, Grupo Bimbo, Hershey, Nestle, Meiji, Perfetti Van Melle, Haribo, Lindt & Sprüngli, Storck, Orion, General Mills, United Confectioners, LOTTE Confectionery, Morinaga, Glico, Crown Confectionery, Cloetta
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Candy Market Report Segments:
The global Candy market is segmented on the basis of:
Types
Hard Candy, Soft Candy
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Sale, Offline Retail
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nestle
- DeMet’s Candy
- Mondeléz
- Mars
- Ferrara Candy
- Arcor
- August Storck
- Yildiz
- Grupo Bimbo
- Hershey
- Nestle
- Meiji
- Perfetti Van Melle
- Haribo
- Lindt & Sprüngli
- Storck
- Orion
- General Mills
- United Confectioners
- LOTTE Confectionery
- Morinaga
- Glico
- Crown Confectionery
- Cloetta
Highlights of The Candy Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hard Candy
- Soft Candy
- By Application:
- Online Sale
- Offline Retail
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Candy Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Candy is a sweet treat that people often eat for pleasure.
Some of the major players in the candy market are Nestle, DeMet’s Candy, Mondel©z, Mars, Ferrara Candy, Arcor, August Storck, Yildiz, Grupo Bimbo, Hershey, Nestle, Meiji, Perfetti Van Melle, Haribo, Lindt & Spr¼ngli, Storck, Orion, General Mills, United Confectioners, LOTTE Confectionery, Morinaga, Glico, Crown Confectionery, Cloetta.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Candy Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Candy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Candy Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Candy Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Candy Market Size & Forecast, 2020-2028
4.5.1 Candy Market Size and Y-o-Y Growth
4.5.2 Candy Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hard Candy
5.2.2 Soft Candy
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Online Sale
6.2.2 Offline Retail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Candy Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Candy Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hard Candy
9.6.2 Soft Candy
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Online Sale
9.10.2 Offline Retail
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hard Candy
10.6.2 Soft Candy
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Online Sale
10.10.2 Offline Retail
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hard Candy
11.6.2 Soft Candy
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Online Sale
11.10.2 Offline Retail
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hard Candy
12.6.2 Soft Candy
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Online Sale
12.10.2 Offline Retail
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hard Candy
13.6.2 Soft Candy
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Online Sale
13.10.2 Offline Retail
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Candy Market: Competitive Dashboard
14.2 Global Candy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nestle
14.3.2 DeMet’s Candy
14.3.3 Mondeléz
14.3.4 Mars
14.3.5 Ferrara Candy
14.3.6 Arcor
14.3.7 August Storck
14.3.8 Yildiz
14.3.9 Grupo Bimbo
14.3.10 Hershey
14.3.11 Nestle
14.3.12 Meiji
14.3.13 Perfetti Van Melle
14.3.14 Haribo
14.3.15 Lindt & Sprüngli
14.3.16 Storck
14.3.17 Orion
14.3.18 General Mills
14.3.19 United Confectioners
14.3.20 LOTTE Confectionery
14.3.21 Morinaga
14.3.22 Glico
14.3.23 Crown Confectionery
14.3.24 Cloetta
