Global Candy Market By Type (Sugar Candy, Chocolate Candy & Gum Candy), By Distribution Channels (Convenience Stores, Traditional Grocery Stores, Supermarkets/Hypermarkets, Online Sales Channel, Departmental Store), Competition Forecast & Opportunities, 2016-2026

Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format

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Global Candy Market By Type (Sugar Candy, Chocolate Candy & Gum Candy), By Distribution Channels (Convenience Stores, Traditional Grocery Stores, Supermarkets/Hypermarkets, Online Sales Channel, Departmental Store), Competition Forecast & Opportunities, 2016-2026

Global candy market is anticipated to reach over USD70 billion by the end of 2026 and grow at a CAGR of over 5% during the forecast period owing to increasing innovation in existing products and rising demand for chocolate products globally. However, rising health concerns about diseases like obesity and diabetes are somewhat inhibiting the growth of the global candy market. To tackle this situation, sugar-free and low-calorie candies are being manufactured by the companies. Major challenges faced by the industry include rising government regulations, changing end user preferences and health issues, which might hamper the growth of the market through 2026.

The global candy market can be segregated based on type, distribution channels and region. In terms of type, it is the sugar candy that dominates the global candy market and is expected to maintain its dominance during the forthcoming years as well owing to the continuous launch of innovative products as well as aggressive branding initiatives undertaken by leading market players.

While considering the distribution channels, in 2020, the departmental retailers accounted for a majority share in the global candy market; however, the online sales channel is expected to increase at a rapid pace during the forecast period.

In terms of region, the global candy market is categorized into North America, South America, Europe, Asia-Pacific and Middle East & Africa. Among these regions,

The candy market has become an attractive destination for investments and several large multinational companies are entering into this market. Some of the major players operating in this market are Perfetti Van Melle Group, Mondelez International, Inc., The Hershey Company, Mars, Incorporated, Nestlé S.A., Crown Confectionery Co., Ltd., Kellogg Company, Grupo Arcor S.A., Lotte Confectionery Co., Ltd., and Meiji Holdings Co., Ltd.

Years considered for this report

Historical Years2016-2019

Base Year2020

Estimated Year2021

Forecast Period2022-2026

Objective of the Study

To analyze the historical growth in the market size of the global candy market from 2016 to 2020.
To estimate and forecast the market size of the global candy market from 2021 to 2026 and growth rate until 2026.
To classify and forecast the global candy market based on type, distribution channels, company, and region.
To identify the dominant region or segment in the global candy market.
To identify drivers and challenges for the global candy market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global candy market.
To identify and analyze the profile of leading players operating in the global candy market.
To identify key sustainable strategies adopted by market players in the global candy market.

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marketinsights Research performed both primary as well as exhaustive secondary research for this study. Initially, marketinsights Research sourced a list of manufacturers across the globe. Subsequently, marketinsights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, marketinsights Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. marketinsights Research analyzed the manufacturers, distribution channels, and presence of all major players across the globe.

marketinsights Research calculated the market size of the global candy market using a bottom-up approach, wherein data for various end user segments was recorded and forecast for the future years. marketinsights Research sourced these values from the industry experts and company representatives and externally validated them through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by marketinsights Research.

Key Target Audience

Manufacturers, distributors, and end users
Market research and consulting firms
Government bodies such as regulating authorities and policymakers
Organizations, forums, and alliances related to candy

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope

In this report, the global candy market has been segmented into the following categories, in addition to the industry trends which have also been detailed below