Candy, also referred to as confectionery, is a type of sweet food that is primarily composed of sugar. It is available in various shapes and sizes, such as small pieces, drops, or bars, and is made from a blend of a chocolate, milk, nut, fruit, and artificial sweetener. Additionally, some candies contain vitamins and minerals that are beneficial for bodybuilding due to their protein content. As a result, candy is a popular choice among consumers with busy schedules, as it is a convenient snack that can be consumed during breaks.
Market Dynamics
Candy market has been estimated to grow significantly in the coming years owing to not only its popularity among the children but also amongst the adults and its applications in various deserts such as ice cream sundaes. Apart from this, the attractive packaging of the candies has also played a vital role in the rise and expansion of the candy market all over the globe. Apart from this, the recommendation of the doctors to maintain the sugar levels among the diabetic patients has also known to contribute to the increasing demand for the candy market all over the globe.
Based on product type, the chocolate candy segment held the largest share in the global candy market in 2022. Apart from its rising demand from the millennial population, chocolate candy has also been gaining high demand due to new product launches such as low-calorie and fat-free chocolate candies.
Moreover, regional as well as local candy market manufacturers have been focusing on various growth strategies, including collaborations and merges & acquisitions, with major players globally to strengthen its market position.
Key features of the study
- This report provides in-depth analysis of the global candy market and provides market size (USD Bn) and compound annual growth rate (CAGR %) for the forecast period 2025-2032, considering 2024 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global candy market based on the following parameters– company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
- Key companies covered as a part of this study include August Stork, Candy Me, CartoonCandy, Cloetta Ab, DeMet, Ferrero Group, Ferrara Candy Company, Grupo Arcor, Haribo GmbH & Co. KG, Mars, Incorporated, Mondelez International, Inc., Naeemfoods, Perfetti Van Melle, Purebred Confectionery, Rock Candy, and The Hershey Company.
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology up gradation, market expansion, and marketing tactics.
- The global candy market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global candy market
Market Segmentation
- Global Candy Market, By Product Type
- Chocolate Bars
- Others
- Hard Boiled Candies
- Pastilles, Gums, Jellies and Chews
- Toffees, Caramels and Nougat
- Mints
- Others
- Chocolate Candy
- Non-Chocolate Candy
- Global Candy Market, By Distribution Channel
- Supermarkets & Hypermarkets
- Convenience Stores
- Specialist Retailers
- Online Retail
- Others
- Global Candy Market, By Region
- North America
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- August Stork
- Candy Me
- Cartoon Candy
- Cloetta Ab
- DeMet
- Ferrero Group
- Ferrara Candy Company
- Grupo Arcor
- Haribo GmbH & Co. KG
- Mars Incorporated
- Mondelez International, Inc.
- Naeemfoods
- Perfetti Van Melle
- Purebred Confectionery
- Rock Candy
- The Hershey Company
