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

08-12-2024 11:14 AM CET | Food & Beverage

Press release from: 360iResearch

Candy Market | 360iResearch

Candy Market | 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.

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The candy market, encompassing various confectionery products such as chocolates, and hard candies, is segmented by type, distribution channel, and region. Candy, primarily made from sugar or sweeteners with added flavorings and colorings, fulfills both basic and emotional consumer needs by providing quick energy and joy, celebrating special occasions, and serving as comfort food. Applications include personal consumption as snacks or treats, holiday and special occasion gifting, ceremonial use in cultural and religious events, and promotional purposes in marketing initiatives. End-users primarily comprise children, who prefer colorful and fun-shaped candies, adults driven by premium and nostalgic products, businesses using candies for corporate gifting and promotions, and health-conscious consumers demanding sugar-free, organic, and low-calorie options. Key growth factors include consumer trends favoring healthier and natural ingredients, innovation in flavors, textures, and packaging, rising disposable income leading to higher spending on premium candies, and technological advances in manufacturing processes ensuring high-quality products. Opportunities exist in developing health-conscious products such as sugar-free and functional candies infused with vitamins, ethically sourced ingredients, personalized candies for events, and experience-based marketing involving candy workshops and pop-up shops. Recommendations include investing in research and development (R&D) for healthier options, enhancing e-commerce presence, incorporating sustainability initiatives in packaging and sourcing, and exploring global expansion, particularly in emerging Asia-Pacific and Latin American markets. Limitations include health concerns related to sugar consumption, intense competition requiring constant innovation, seasonal sales fluctuations, and supply chain challenges affecting raw material prices like cocoa and sugar. Areas for innovation and research encompass natural sweeteners, functional ingredients, 3D-printed custom candy shapes, and biodegradable packaging. The market is dynamic, driven by constant innovation, high competition, and sensitivity to external economic and social factors, necessitating adaptability and responsiveness. The market offers significant growth potential through innovation, health-centric products, and expansion into emerging markets, balancing indulgence and social responsibility for substantial growth.

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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.

Based on Source, market is studied across Conventional and Organic.

Based on Sales Channel, market is studied across Convenience Stores, Online Retailers, Specialty Candy Shops, and Supermarkets & Hypermarkets.

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.

Key Company Profiles:

The report delves into recent significant developments in the Candy Market, highlighting leading vendors and their innovative profiles. These include CÉMOI Group, Meiji Holdings Co., Ltd., Naeem Foods, Morinaga & Co., Ltd., Vidal Golosinas S.A, Lindt & Sprüngli Group, United Confectioners LLC by Guta Group, PIM Brands Inc., Jelly Belly Candy Company, Tootsie Roll Industries, Inc., Nestlé S.A., Canel's Group, Delica AG by Migros, AUGUST STORCK KG, LOTTE Corporation, Orion Corporation, Delfi Limited, Pladis Foods Ltd., The Simply Good Foods Company, Roshen Confectionery Corporation, Cloetta AB, Orkla Confectionery & Snacks by Orkla ASA, Confiseries Mondoux Inc., Samkan Products Pvt. Ltd., Cacau Show, Grupo Arcor, Palmer Candy, Mars, Incorporated, Krüger GmbH & Co. KG, Colombina S.A., Sweet Candy Company, Inc., The Hershey Company, General Mills, Inc., Perfetti Van Melle Group B.V., Just Born, Inc., Mondelēz International, Inc., HARIBO GmbH & Co. KG, Parle Products Pvt. Limited, Ferrero International S.A., Quality Candy Company, WK Kellogg Co, and Shanghai Want Want Food Group Co., Ltd..

Introducing 360iResearch AI: Revolutionizing Market Intelligence with AI-Powered Insights for the Candy Market

We proudly unveil Research AI, a cutting-edge AI product designed to transform how businesses interact with the Candy Market. Research AI stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, Research AI is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it's a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Candy Market. Embrace the future of market analysis with Research AI, where informed decisions lead to remarkable growth.

Ask Question to Research AI @ https://www.360iresearch.com/library/intelligence/candy

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

Read More @ https://www.360iresearch.com/library/intelligence/candy

Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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