Global Candy
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Split by Type |
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Market Split by Distribution channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Candy industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Candy Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
According to the Cognitive Market Research Report, the Candy Market size in 2023 was XX Million and is projected to have a compounded annual growth rate of XX% from 2024 to 2031.
Candy is a sweet culinary product made primarily of sugar. Candy encompasses both chocolate and sugar-based confections; elsewhere, "chocolate confectionery" refers to chocolates, "sugar confectionery" to other sugar-based items, and "flour confectionery" to cakes and pastries. Candy is available in practically every store since it is manufactured by several firms. One may also make candy at home. Many individuals enjoy candies as a sweet and think they taste wonderful. It is the most popular snack food, with hundreds of flavors, shapes, and sizes. Candy is not only sweet. Candy may be spicy in a variety of cultures. Furthermore, the majority of sweets include sugar, specifically sucrose from sugar beets or sugarcane. Other sweeteners used in candy production include corn syrup, corn sugar, honey, molasses, maple sugar, and noncaloric sweeteners.
The drivers of this industry are increasing demand for sugar-free, healthier, and functional candy and increased demand for candies on festive occasions.
Increased demand for candies on festive occasions.
There is a high demand for Christmas goodies, but as the seasons change, so do consumer requirements and tastes. For example, people most likely buy in quantity for trick-or-treaters on Halloween or choose a heart-shaped package to present on Valentine's Day. The challenge for candy makers and merchants is to provide clients with the appropriate choices in the correct format for all festive occasions. Chocolate is a significant element of gifting during the winter holiday season; therefore, customers must be able to purchase a range of quantities and packaging.Hence, Confectionery’s global business is mostly driven by the tradition of presenting sweets during special events and festivals worldwide. Halloween, Christmas, Valentine's Day, and Easter are among the most popular times for customers to purchase sweets as a present or treat. The cultural and joyful significance of these holidays encourages people to purchase sweets in large amounts, resulting in seasonal swings in the candy industry. Candy producers take advantage of these occasions by creating customized packaging, limited edition tastes, and promotional activities to boost market growth.
Halloween, Easter, and the winter holiday season account for nearly one-quarter of top- candy producers’ total revenue. However, for seasonal candy sales to provide both top and bottom-line growth for the firm, its efforts must be long-term in nature.
There’s also an emotional connection with candies and festivities. Because of this, there also has been an upsurge in the candy market during Valentine's season., Chocolate includes a natural mood-altering component called PEA, or phenethylamine, which is also produced in the brain when people fall in love. Eating chocolate triggers brain chemistry akin to being in love. Chocolate is a real aphrodisiac because of its fragrance, flavor, and texture. Consider how delightful it would be to receive a beautifully wrapped box of chocolates. When it reaches the lips, the chocolate begins to melt instantaneously, filling the mouth with delightful pleasure. The flavour and scent fill the senses with incredible joy. Hence, it’s no surprise that chocolate is the preferred gift for lovers.
For instance, holidays, including Halloween, account for around 25% to 30% of Hershey's annual revenue.
(Source: https://www.cnn.com/2023/10/28/business/halloween-chocolate-sales/index.html#:~:text=The%20holiday%20season%20is%20particularly,%2C%20including%20Halloween%2C%20each%20year.)
Hence, with festive occasions, it has been observed that there is a rise in demand for candies which drives the market upwards.
Chocolate and related confectionery have been linked to several health problems, including obesity and mouth infections. Chocolate is particularly susceptible to tooth infections in youngsters and should be taken in moderation. Excessive eating of chocolate and other chocolates in adults has been linked to obesity. Chocolate intake is one of the leading causes of weight gain in consumers, and its high sugar, fat, and calorie content has been related to weight gain.
Few ingredients are widely used in candies but are very harmful to health. High fructose corn syrup (HFCS) can cause obesity. It is less expensive and sweeter than other sweeteners, and it is absorbed faster by the body. Consuming excessive amounts of high fructose corn syrup can cause insulin resistance, obesity, type 2 diabetes, and high blood pressure. White sugar is extremely addicting because it causes the release of neurotransmitters like opioids and dopamine. These trigger the brain's pleasure center. This refined sugar has a similar impact on the brain as illicit substances. Obesity, decreased immunity, frequent colds and coughs, diabetes, depression, anxiety, ADHD, and dental problems have all been linked to an excessive intake of sour candies and dangerous components in processed foods. For instance, The United States Consumer Product Safety Commission warns against purchasing, distributing, or using any "roller ball" candy goods, some of which have recently been related to two choking events, one of which resulted in a child's death.
These candies are produced by several companies under various names, but they all employ a roller ball applicator to allow youngsters to eat liquid candy. The problem, according to the CPSC's recent announcement, is that the ball itself can detach and pose a choking danger. (Source: https://fox59.com/news/national-world/cpsc-warns-against-all-roller-ball-candies-after-fatal-incident-immediately-stop-purchasing/)
Therefore, with several health problems linked to the consumption of candies can hamper the growth of the candies market.
The sugar-free candy industry has grown significantly, driven by a growing demand for healthier options and innovative solutions. The market is expected to grow at a CAGR of XX% through 2031, driven by increased health consciousness. Sugar-free confectionery businesses will continue to innovate as customers prioritize their well-being, assuring continuous growth and market relevance.
Candies are well-known for their sweet treats, which range from gums to chocolates. Sugar is often used as a key component. However, as people become more aware of the dangers of excessive sugar consumption, there has been a significant increase in demand for sugar-free alternatives. In response, the sugar-free confectionery sector has evolved, offering options for individuals looking for sweet sweets without jeopardizing their health goals.
Sugar-free candies offer a variety of sweetening alternatives to suit a wide range of preferences. From natural sweeteners like stevia to artificial replacements and fiber-based alternatives, these goods give health-conscious customers options without losing flavour or nutritional objectives which drives the candies market upwards.
Circana, a media business, reports that more than 40% of worldwide customers are looking for low-sugar goods. Customers increasingly want delicacies that fulfill their sweet needs without jeopardizing their health or nutritional goals. Furthermore, larger health and wellness trends, such as the popularity of ketogenic, low-carb, and paleo diets, are influencing the sugar-free confectionery industry. Brands are reacting by developing goods that cater to these dietary preferences, offering alternatives that appeal to health-conscious customers.
For instance, Lily’s Sweet Fruity Friends Gummy Bears. These diabetic-friendly gummy bears are a delicious twist on a popular kids' treat! Unlike a lot of sugar-free sweets, Lily's gummy bears do not contain sugar alcohol, which is wonderful for folks who are sensitive to them.
One serving of this candy has 45 grams of carbohydrates, 25 grams of fibre from soluble maize fibre, and 14 grams of allulose, resulting in a net carbohydrate content of only 3 grams, as opposed to 18 grams in typical gummies. (Source: https://erinpalinski.com/sugar-free-candy/)
Hence, the sugar-free candy market has developed dramatically, driven by a growing demand for healthier choices and inventive solutions.
COVID-19 has had a negative influence on the confectionery market. The strict rules and lockdown imposed during the pandemic impacted the supply of raw materials such as agricultural produce, intermediate food products, food ingredients, and trade & logistics, as well as uncertain consumer demand, demand-supply volatility, and workforce at the industrial level. One of the most significant reasons affecting the candy business during the pandemic was a fall in sales due to decreased gifting and impulsive buying among customers worldwide. However, online buying raised demand for candy during the coronavirus outbreak.
Though chocolate consumption was not affected, the candy market did see certain abnormalities. The majority of sweets are sold mostly at hypermarkets and supermarkets across the world. With the adoption of the lockdown, hypermarkets/supermarkets were closed for an extended amount of time, resulting in lower candy sales. During the lockdown, customers were anxious about stockpiling necessary items to survive the epidemic. Though chocolate is not a necessary product, it did enjoy some sales for children's consumption as well as a source of consolation and pleasure for adults during the lockdown time.
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According to the nature of the business, the global candy market is extremely competitive, with a large number of local players taking a significant portion of the market. Perfetti Van Melle Group BV, Mondelez International Inc., Mars Incorporated, and The Hershey Company are among the most important players. Because of the market's quick development, introducing a new product has become one of the most significant techniques for gaining a competitive advantage. Market participants have also prioritized growth as a major strategy, followed by mergers and acquisitions. These strategic initiatives have proven effective for global firms looking to increase their market presence.
For instance, Bazooka Candy Brands debuted Push Pop Gummy Pop-it’s in May 2022. This year's Sweet & Snacks Expo in Chicago showcased the most recent gummy innovation. Push Pop Gummy Pop-its, launched under the Push Pop brand, combine gummies with an interactive, refillable container. (Source: https://www.snackandbakery.com/articles/100594-bazooka-candy-brands-launches-gummy-innovation-at-sweets-and-snacks-expo)
Top Companies Market Share in Candy Industry: (In no particular order of Rank)
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North America is predicted to have the dominant candy market share in 2023 due to the presence of significant companies in North American nations as well as the presence of the primary customer base for candies. The key players in North America for the candy market are Hershey Company, Kit Kat, Reese’s Peanut Butter Cups, M&M’s, Twix, and many more. The North American candy market will benefit from consumers' continued development and increased spending capacity. The widely distributed candy is intended for both children and young people. Demand for candies is driven by consumer choices, population growth, and inclinations for candy as a sweet food item to have. In terms of manufacturing and buying economies, large multinational organizations have a huge advantage over medium-sized companies. Candy with fewer sugar additions can give considerable income prospects for big candy industry participants.
Supermarkets and hypermarkets are the most important outlets in the North American candy sector. The closeness of these channels in the nations offers them an extra edge in influencing consumers' purchasing decisions amid the wide range of items accessible in the market.
The US dominates the North American candy market. In 2023, XX% of the American populace chose chocolate. In 2023, the average American devoured around 9.5 pounds of chocolate. In 2023, Canada is the second biggest country behind the United States, dominating the North American confectionery market. This is owing to the availability of confectionery in various shapes, sizes, and prices. For instance, the popular candy brand M&M and its popularity is peculiar given that the multi-coloured, candy-coated chocolate morsels are sold in a bag. After all, candy bars' single-handed, grip-and-rip ease is popular among Americans. The underlying irony is that M&Ms may be the handiest American sweet of all. (Source: https://www.2foodtrippers.com/best-american-candy/)
The current report Scope analyzes Candy Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Candy Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Candy Industry growth. Candy market has been segmented with the help of its Type, Distribution channel , and others. Candy market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The products under candies are hard-boiled sweets, mints, gums and jellies, chocolate, caramels and toffees, medicated confectionery, fine bakery wares, and others. The chocolate sector had the dominant market share of more than XX% in 2023 and is predicted to increase at a XX% CAGR from 2024 to 2031. The growing demand and consumption of chocolate goods by people of all ages to fulfill their taste buds are driving market expansion. Furthermore, chocolate is the most popular candy in the world. The growing demand for organic and premium chocolate products drives market development throughout the forecast period.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Candy Industry. Request a Free Sample PDF!
The candies market is distributed through offline and online channels. In 2023, the offline channel accounted for more than XX% of the worldwide confectionery market. Consumers prefer offline channels for purchasing consumer goods, groceries, confectionery products like chocolate, and other items where they can personally verify product quality. Furthermore, easy access to and search for diverse confectionery goods in stores is expected to fuel industry growth. Furthermore, manufacturers are building new stores in malls in response to increased consumer demand for chocolate, cookies, and ice cream, which will drive development in the offline segment in the coming years.
Under the offline segment comes Supermarkets/Hypermarket, Convenience Stores, Pharmaceutical and Drug Stores, Food Services, Duty-Free Outlets, E-Commerce, and Others. Under this, in 2023, hypermarkets and supermarkets had the biggest market share in the chocolate confectionery business, accounting for 41.4%. The category is expected to maintain its dominance during the projection period, owing to consumers' strong preference for shopping for groceries at supermarkets. Because of their bigger client base, most new items are introduced at major supermarkets and hypermarkets such as Walmart, Tesco, and Kroger. Furthermore, the availability of premium and private label items in these outlets increases sales via these distribution channels.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Candy market report 2024 Edition by contacting our team.
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for both the agriculture and food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Candy Market is witnessing significant growth in the near future.
In 2023, the hard-boiled sweets segment accounted for noticeable share of global Candy Market and is projected to experience significant growth in the near future.
The Offline segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Alpenliebe, Hsu Fu International and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | hard-boiled sweets, mints, gums and jellies, chocolate, caramels and toffees, medicated confectionery, fine bakery wares, and others |
Distribution channel | Offline, Online |
List of Competitors | Alpenliebe, White Rabbit, Hsu Fu International, Wrigley Confectionery?, Jinguan, FERRERO, Want Want, Yake, SisterMa, Others |
This chapter will help you gain GLOBAL Market Analysis of Candy. Further deep in this chapter, you will be able to review Global Candy Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Candy Market Trends North America Candy Technological Road Map North America Candy Market Drivers North America Candy Market Restraints North America Candy Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Distribution channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Candy market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why hard-boiled sweets have a significant impact on Candy market? |
What are the key factors affecting the hard-boiled sweets and mints of Candy Market? |
What is the CAGR/Growth Rate of Offline during the forecast period? |
By type, which segment accounted for largest share of the global Candy Market? |
Which region is expected to dominate the global Candy Market within the forecast period? |
Segmentation Level Customization |
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