Candy Market worth $96.17 billion by 2030, growing at a CAGR of 4.93% - Exclusive Report by 360iResearch

The "Candy Market by Type (Chocolate Candy, Gummy & Chewy Candies, Hard Candies), Source (Conventional, Organic), Sales Channel - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Candy Market to grow from USD 68.64 billion in 2023 to USD 96.17 billion by 2030, at a CAGR of 4.93%.

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The candy market consists of various segments, including chocolate candy, non-chocolate candy, and confections that are consumed globally. This market caters to a wide range of consumers across different age groups, with its application extending from personal consumption to gift items during holidays and special occasions. The scope of the candy market is extensive and includes the manufacturing, distribution, and retail of various candies and confectioneries. The market encompasses a range of products, from artisanal chocolates to mass-produced candies, catering to consumer preferences and dietary restrictions, such as sugar-free and vegan options. The growth of the candy market is affected by several factors, including continuous innovation in flavors and packaging of candies, rising disposable income and growing spending on confectionery products, and expanding popularity of seasonal and limited-edition flavor candies. However, several limitations and challenging factors affect growth in the candy market, such as concerns associated with excessive sugar consumption and stringent food safety and labeling regulations. On the other hand, increasing demand for healthier candy options, including low-sugar and natural ingredient-based candies, expanding collaboration with influencers and celebrities for brand endorsements, utilization of e-commerce platforms for personalized and direct-to-consumer sales strategies, and investment in sustainable and eco-friendly packaging solutions to appeal to environmentally conscious customers presents potential growth opportunities for the candy market.

In North America, particularly the U.S. and Canada, the candy market continues to exhibit steady growth, partly due to the strong presence of major confectionery brands and a significant consumer base with a high disposable income. Recent patents focus on enhancing flavor longevity and texture alterations to satisfy evolving consumer preferences. There is a notable shift towards organic and sugar-free alternatives driven by health-conscious consumers. South America's candy market is diverse, with traditional flavors and local specialties driving consumer preferences. Europe's candy market is diverse, with a robust demand for high-quality confectionery. The region's focus on sustainable and ethically sourced ingredients is noteworthy, influencing product innovation and consumer choices significantly. Germany, the UK, and France are pivotal markets, with consumers showing a keen interest in gourmet offerings and traditional sweets. The Middle East has a growing confectionery market, with a notable preference for luxury and gourmet candy products. Africa's candy market is in a nascent stage with significant potential for growth. The expansion of retail infrastructure and the rise of the urban middle class are promising indicators for the candy industry. The APAC region is witnessing rapid development in the global candy market due to rising incomes, urbanization, and the expansion of retail infrastructure. China's candy market is seeing an increase in e-commerce sales, with a significant lean towards premium and imported candy brands. India presents a diverse candy market with a strong preference for traditional sweets which coexist with modern confectioneries. The increase in disposable income among the middle class has increased the consumption of branded candies.

Market Segmentation & Coverage:

This research report categorizes the Candy Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Chocolate Candy, Gummy & Chewy Candies, Hard Candies, Lollipops, Mints, Powdered Candy, and Toffee, Caramels, & Nougats. The Chocolate Candy is projected to witness significant market share during forecast period.

Based on Source, market is studied across Conventional and Organic. The Organic is projected to witness significant market share during forecast period.

Based on Sales Channel, market is studied across Convenience Stores, Direct Sales, Online Retailers, Specialty Candy Shops, and Supermarkets & Hypermarkets. The Supermarkets & Hypermarkets is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 37.12% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Candy Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Candy Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Candy Market, highlighting leading vendors and their innovative profiles. These include AUGUST STORCK KG, Barry Callebaut AG, Burgundy Hospitality Pvt. Ltd., Chocoladefabriken Lindt & Sprüngli AG, Cloetta AB, Confiseries Mondoux Inc., Ferrero International, General Mills, Inc., HARIBO GmbH & Co. KG, Jelly Belly International, Just Born, Inc., Lotte Co., Ltd., Mars, Incorporated, Meiji Holdings Co., Ltd., Mondelez Global LLC, Morinaga & Co., Ltd., Naeem Foods, Nestlé S.A., Orion Corporation, Palmer Candy, Parle Products Pvt. Limited, Perfetti Van Melle Group B.V., pladis Foods Ltd., Quality Candy Company, Samkan Products Pvt. Ltd., Sugarfina USA LLC, Sweet Candy Company, Inc., The Hershey Company, Vidal Golosinas S.A, and Walmart Inc..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Candy Market, by Type
7. Candy Market, by Source
8. Candy Market, by Sales Channel
9. Americas Candy Market
10. Asia-Pacific Candy Market
11. Europe, Middle East & Africa Candy Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Candy Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Candy Market?
3. What is the competitive strategic window for opportunities in the Candy Market?
4. What are the technology trends and regulatory frameworks in the Candy Market?
5. What is the market share of the leading vendors in the Candy Market?
6. What modes and strategic moves are considered suitable for entering the Candy Market?

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