Candy Market 2020-2026 is Slated to Witness Tremendous Growth | THE HERSHEY COMPANY, Nestlé, Meiji Holdings Co., Ltd., General Mills Inc

Data Bridge Market Research has provides the Qualitative and informative knowledge by adding titled “Candy Market By Product Type (Chocolate Candy, Non- Chocolate Candy), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specalist Retailers, Online Retail, Others)Analysis and Forecast, 2020 – 2026”. Global candy market is set to witness a steady CAGR of 3.5% in the forecast period of 2019- 2026.The report contains data of the base year 2018 and historic year 2017. Increasing urbanization and rising product innovations are the major factor for the growth.

Few of the leading organizations’ names are listed here- THE HERSHEY COMPANY, Nestlé, Meiji Holdings Co., Ltd., General Mills Inc., Mondelēz International, Kellogg NA Co, Mars, Incorporated, pladis global, LOTTE CONFECTIONARY CO.LTD., August Storck, Perfetti Van Melle, HARIBO of America, Inc, Arcor, Ferrero, Cloetta, Sweet Candy Company., THE BANG CANDY COMPANY, Quality Candy Company, Muskoka Candy Company, The Ferrero Group., palmer-candy., SUGARFINA INC., Jelly Belly Candy Company and others.

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Succinct Description of the Market:

Candy or lollies is a food which is usually made from the main ingredients sugar. These candies are available in different shapes and are available in small bite sizes. Usually flavors and colors are added and made by boiling sugar to the required consistency. Toffees, gums, jellies, nougat, caramel and other are some of the common types of the candies. These candies are highly in demand during the festive season and are highly consumed by children. Many candy have nuts, fruits, almonds and other added to them to enhance the taste.

The Candy is segmented on the basis of types and breadth of solutions offered by each of them. The first type is By Product Type (Chocolate Candy, Non- Chocolate Candy), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specalist Retailers, Online Retail, Others)

Market Drivers:

Increasing disposable income will drive the market growth
Rising demand from children and young population will also accelerate the market growth
Growing popularity of dark chocolate will also propel growth of this market
Rising expenditure capability of the customers will also enhance the market growth

Market Restraints:

Increasing health awareness among population will restrain market
Changing preferences in population will also restrict the market growth
Rising obesity and diabetes due to high sugar content in candy will also hamper the market growth

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In this study, the years considered to estimate the market size of Candy are as follows:

History Year: 2014-2018

Base Year: 2019

Estimated Year: 2020

Forecast Year 2020 to 2026

Crucial Market Segment details-:

By Product Type

Chocolate Candy
Non- Chocolate Candy
Hard Boiled Candies
Pastilles, Gums, Jellies and Chews
Toffees, Caramels and Nougat
Mints
Others

By Distribution Channel

Supermarkets and Hypermarkets
Convenience Stores
Specalist Retailers
Online Retail
Others

Methodologies utilized to evaluate the market-:

In November 2018, Bazooka Candy Brands announced the launch of their new Ring Pop Gummy Gems which consist of sour gel on the inside and sweet gummy outside. It also has used new 3D technology so that it can provide 2-in-1 candy experience. The main aim of the launch is to meet the needs of the candy lovers

In October 2018, Hershey India announced the launch of their new chocolate Hershey’s Kisses which is a milk chocolate. The main aim of the launch is to expand their business in India. This new chocolate will be available in South India as one-third of the chocolate market of India is in South and later they are planning to cover other parts of the country

In September 2017, Pecan Deluxe Candy announced the launch of their new bubble gum-flavoured popping candy. This new candy can be combines with doughnuts, ice cream, cakes and other bakery lines. These new candies have fat coating to form a moisture barrier and other coating so that the popping sensation can be maintained. The main aim of the launch is to meet the rising demand of the customer

Research strategies and tools used-:

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Table of Contents

1 Candy Market Overview

2 Manufacturers Profiles

3 Global Candy Market Competitions, by Players

3.1 Global Candy Revenue and Share by Players

3.2 Market Concentration Rate

3.2.1 Top 5 Candy Players Market Share

3.2.2 Top 10 Candy Players Market Share

3.3 Market Competition Trend

4 Global Candy Market Size by Regions

5 North America Candy Revenue by Countries

6 Europe Candy Revenue by Countries

7 Asia-Pacific Candy Revenue by Countries

8 South America Candy Revenue by Countries

9 Middle East and Africa Revenue Candy by Countries

10 Global Candy Market Segment by Type

11 Global Candy Market Segment by Application

12 Global Candy Market Size Forecast (2019-2026)

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 Conclusion:  

This Candy research report gives the outcome that matters most to the client. The research carried out in this report suggests what is going to be beneficial and how the report will help the business to grow.

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