Candy Market Analysis 2022-2029: Trends, Drivers, and Regional Insights

Candy Market was valued US$ 234.79 Bn in 2022 and is expected to grow US$ 306.89 Bn by 2029, at a CAGR of 3.9% during the forecast period.

Candy Market Report Scope and Research Methodology

Report Scope: This comprehensive report explores the dynamics, drivers, and challenges of the global candy market. It provides insights into product types, regional trends, and key players, with a special emphasis on the post-COVID-19 market landscape.

Research Methodology: The research methodology for this report includes data analysis, market monitoring, and a global perspective, with an eye on the lucrative opportunities presented by the post-pandemic candy market.

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What are Candy Market Dynamics?

Drivers: The candy market is driven by increasing consumer spending power, ongoing developments, and a focus on creating candies that appeal to children and the young population. Multinational companies benefit from economies of scale, while healthier candy alternatives and ingredients provide opportunities for market growth.

Restraints: Health concerns, changing consumer preferences, fluctuating sugar prices, and dental problems related to candy consumption can negatively impact market demand. Marketing of health-improving products poses a challenge to the candy industry due to the sugar content.

Candy Market Segmentation:

By product category, chocolate candies include both chocolate and goods derived from cocoa. The market for non-chocolate candies is further broken down into hard-boiled candies, pastilles, gums, jellies & chews, toffees, caramels & nougat, mints, and other items. Due to a wide range of customer preferences, the market for non-chocolate candies is growing at the fastest rate.

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

by Price Point

Economy
Mid-Range
Luxury

by Age Group

Children
Adult
Geriatric

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Who are Candy Market Key Players?

1. THE HERSHEY COMPANY
2. Nestlé
3. Meiji Holdings Co., Ltd.
4. General Mills Inc.
5. Mondelēz International
6. Kellogg NA Co
7. Mars, Incorporated
8. pladis global
9. LOTTE CONFECTIONARY CO.LTD.
10. August Storck
11. Perfetti Van Melle
12. HARIBO of America, Inc.
13. Arcor
14. Ferrero
15. Cloetta
16. Sweet Candy Company.
17. THE BANG CANDY COMPANY
18. Quality Candy Company
19. Muskoka Candy Company
20. The Ferrero Group.

Table of Content: Candy Market

Part 01: Executive Summary

Part 02: Scope of the Candy Market Report

Part 03: Global Candy Market Landscape

Part 04: Global Candy Market Sizing

Part 05: Global Candy Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America is expected to dominate the global candy market by 2029, driven by key players and a substantial consumer base. Meanwhile, the Asia Pacific region is set to experience rapid revenue growth due to shifting eating habits and lifestyle changes in countries like China and India.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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