Candy Market Size, Competitive Analysis, Historical & Forecast Analysis 2023-2030: BrainStorm Market Research

Candy is a part of the food and beverage industry, and candy is a part of the confectionary industry. Several types of the candies, includes the pastries, ice-creams and preserves. The candy market has skyrocketing sales during festive seasons.

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The company has several requirements, which are used for the festive seasons. The demand for candies, increases, during the festive season, and therefore, the demand for the production capacity increases, during the festive season. Chocolate candies are referred to the ones which include cocoa products or chocolate in them, for instance cocoa butter. Non-chocolate candies comprise confectionary products which do not have chocolate or any chocolate-replicate within them such as marshmallows, liquorice, hard candies, and jelly beans.

The prime facets influencing the growth of the global candy market are the incessantly increasing expenditure capacity of consumers and growing urbanization. The growing target consumer base and product innovation is further expected to drive the growth of the global candy market. The majority of candies are made for children and the young population.

The demand is basically driven by population growth, disposable income, and consumer tastes and preferences. Large multinational companies have a significant advantage over small and medium scale companies in terms of economies of scale in purchasing and manufacturing. According to the National Bureau of Statistics China, annual per capita disposable income of urban households in China increased from USD 2,271.0 in 2008 to USD 3408.5 in 2012. The overall annual disposable income in India median household income increased from USD 1,366.2 billion in 2010 to USD 1,587.6 billion in 2013. Consumers with hectic schedule tend be more inclined toward confections, as these items are tasty and consume less time. Additionally, increasing number of working women is driving the global confectionery market as it is resulting in higher disposable income for the family. According to the US. Department of Labor in 2013, there were 127.1 million working women in the U.S. which is expected to grow at 5.4% by 2022.

Global Candy Market
• Hershey Company
• Ferrero Group
• Mars Incorporated
• MondelÄ"z International
• Nestlé S.A
• Parle Products Pvt. Ltd
• Kraft Foods
• Cadbury
• HARIBO Dunhills (Pontefract) PLC
• United Confectionery Manufacturers
• Perfetti Van Melle
• Kegg's Candies
• Petra Foods
• Yildiz Holding
• Crown Confectionery
• Brookside Foods

This section also presents strategies implemented by key participants such as product launch, expansion, and partnership with a detailed impact analysis.

Global Candy Market Segmentation Analysis
- Type
• Chocolate Candy
• Non-chocolate Candy

- Application
• Supermarkets/Hypermarkets
• Specialist Stores
• Convenience Stores
• Online Retail
• Others

- Distribution Channels
• Supermarkets/Hypermarkets
• Specialist Stores
• Convenience Stores
• Online Retail
• Others

News: Perfetti Van Melle launched Fruit-tella products in the US.
- In 2020, Perfetti Van Melle USA Inc. launched its first soft gummy product in the United States under the Fruit-tella brand, which has strong roots in Europe. Fruit-tella Soft Gumies have real fruit puree and are made with pectin instead of gelatin. Available in Strawberry and Raspberry and Peach and Mango varieties, each gummy has a playful fruit character shape.

- News: Perfetti Van Melle India launched Center Fresh Mints
In 2018, Perfetti Van Melle India launched Center Fresh Mints, an offering that expands the Center Fresh brand into the mint candy segment.

Related Report:
• Sweet Spreads- https://www.brainstormmarketresearch.com/sweet-spreads-market-report

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