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Candy Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71965
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The candy market share is expected to increase by USD 53.20 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.49%.

This candy market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers candy market segmentation by type (non-chocolate candy and chocolate candy) and geography (APAC, North America, Europe, South America, and MEA). The candy market report also offers information on several market vendors, including Arcor Group, Cloetta AB, Ferrero International SA, HARIBO GmbH, and Co. KG, Mars Inc., Mondelez International Inc., Nestle SA, Perfetti Van MelleA Group BV, Sweet Candy Co. Inc., and The Hershey Co. among others.

What will the Candy Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Candy Market Size for the Forecast Period and Other Important Statistics

 

Candy Market: Key Drivers and Trends

The increasing marketing activities are notably driving the candy market growth, although factors such as growing health concerns about diabetes and obesity may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the candy industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Candy Market Challenge

Growing health concerns about diabetes and obesity may hinder the candy market size growth. Candy is widely perceived to cause ailments, diseases, and most probably affect dental health. As the carbohydrate content in candies is mostly from sugars or refined carbohydrates they can cause spikes in blood sugar, which can make the body resistant to insulin over time and may lead to type 2 diabetes. 

This candy market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Candy Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Arcor Group
  • Cloetta AB
  • Ferrero International SA
  • HARIBO GmbH and Co. KG
  • Mars Inc.
  • Mondelez International Inc.
  • Nestle SA
  • Perfetti Van MelleA Group BV
  • Sweet Candy Co. Inc.
  • The Hershey Co.

 

This statistical study of the candy market encompasses successful business strategies deployed by the key vendors. The candy market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The candy market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Candy Market?

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59% of the market’s growth will originate from APAC during the forecast period. India and Japan are the key markets for the candy market in APAC. Market growth in this region will be faster than the growth of the market in other regions. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Candy Market?

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The candy market share growth by the non-chocolate candy segment will be significant during the forecast period. Non-chocolate candies are in high demand among the general public due to an increase in the number of people experiencing a sugar rush after eating chocolates with high sugar content.

This report provides an accurate prediction of the contribution of all the segments to the growth of the candy market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Candy Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.49%

Market growth 2022-2026

$ 53.20 billion

Market structure

Fragmented

YoY growth (%)

4.04

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 59%

Key consumer countries

China, US, Germany, India, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Arcor Group, Cloetta AB, Ferrero International SA, HARIBO GmbH and Co. KG, Mars Inc., Mondelez International Inc., Nestle SA, Perfetti Van MelleA Group BV, Sweet Candy Co. Inc., and The Hershey Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Candy Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive candy market growth during the next five years
  • Precise estimation of the candy market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the candy industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of candy market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Non-chocolate candy - Market size and forecast 2021-2026
    • Chocolate candy - Market size and forecast 2021-2026
    • Market opportunity by Type

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2021-2026
    • North America - Market size and forecast 2021-2026
    • Europe - Market size and forecast 2021-2026
    • South America - Market size and forecast 2021-2026
    • MEA - Market size and forecast 2021-2026
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Arcor Group
    • Cloetta AB
    • Ferrero International SA
    • HARIBO GmbH and Co. KG
    • Mars Inc.
    • Mondelez International Inc.
    • Nestle SA
    • Perfetti Van MelleA Group BV
    • Sweet Candy Co. Inc.
    • The Hershey Co.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The candy market growth will increase by $53.20 billion during 2021-2026.
    The candy market is expected to grow at a CAGR of 4.49% during 2021-2026.
    Technavio has segmented the candy market by type (Non-chocolate candy and Chocolate candy) and geographic (APAC, North America, Europe, South America, and MEA).
    Arcor Group, Cloetta AB, Ferrero International SA, HARIBO GmbH and Co. KG, Mars Inc., Mondelez International Inc., Nestle SA, Perfetti Van MelleA Group BV, Sweet Candy Co. Inc., The Hershey Co. are a few of the key vendors in the candy market.
    APAC will register the highest growth rate of 59.26% among the other regions. Therefore, the candy market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • China
    • US
    • Germany
    • India
    • Japan
    The key factors driving the candy market growth are:
    • Increasing marketing activities
    The candy market vendors should focus on grabbing business opportunities from the non-chocolate candy segment as it accounted for the largest market share in the base year.
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