"The Candy Market research report proves highly beneficial for businesses by bringing the market and competitive landscape clearly into focus, facilitating informed decision-making. Competitor strategies, encompassing elements such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions, provide valuable insights for businesses to enhance their strategies for selling goods and services. This market research report plays a crucial role in improving decision-making processes, positioning businesses ahead of the competition. A dedicated team of enthusiastic, innovative, dynamic, and skilled researchers and analysts consistently works to deliver the best Candy Market report to clients.
In this rapidly evolving industry, market research or secondary research stands out as the optimal means to swiftly gather business-critical information. The scope of the Candy Market report extends beyond market scenarios to include comparative pricing between major players, as well as the cost and profit analysis of specified market regions. Serving as a reliable source of market information, this report aids businesses in making better decisions and outlining more effective business strategies. Market drivers and restraints are meticulously studied, alongside an analysis of the market structure, in the compelling Candy Market research report.
Candy are confectionary products and the sugar is the primary ingredient. While the leading target audience for candies is the children and young population. It is enjoyed by people of all age groups overall the globe. Increasing modernization, westernization, and growing personal disposable income are the main factors which is fostering the growth of candy market. Ever-rising young population and growing popularity of dark chocolate are some other indirect factors for the growth of the candy market growth.
Data Bridge Market Research analyses that the candy market was valued at USD 226.38 billion in 2021 and is expected to reach USD 308.39 billion by 2029, registering a CAGR of 3.94% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Explore Further Details about This Research Candy Market Report
https://www.databridgemarketresearch.com/reports/global-candy-market
Market Definition
Candy is also called confectionery sweet food product. The main ingredient of the candy e is sugar. Candies are made with a combination of chocolate, milk, nuts, fruits, and artificial sweeteners and it comes in the shape of small pieces, drops and bars. There are certain candies with minerals and vitamins which provide protein value that can help in bodybuilding. Consumers who have a hectic schedule commonly opt for candies as a small snack it requires less time for consumption and can be enjoyed during breaks
Report Scope and Market Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2022 to 2029 |
Base Year | 2021 |
Historic Years | 2020 (Customizable to 2014 - 2019) |
Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
Segments Covered | Type (Hard-Boiled Sweets, Mints, Gums and Jellies, Chocolate, Caramels and Toffees, Medicated Confectionery, Fine Bakery Wares, Others), Age Group (Children, Adult, Geriatric), Price Point (Economy, Mid-Range, Luxury), Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Pharmaceutical and Drug Stores, Food Services, Duty-Free Outlets, E-Commerce, Others) |
Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Market Players Covered | Ferrero (Italy), Meiji Holdings Co., Ltd (Japan), THE HERSHEY COMPANY (US), Quality Candy Company (US), Nestlé (Switzerland), Cloetta (Sweden), General Mills Inc. (US), Mondelez International (US), Mars, Incorporated (US), pladis global (UK), LOTTE CONFECTIONERY CO.LTD (South Korea), Storck (Germany), Perfetti Van Melle (Netherlands), Candy Rush Muskoka (Canada), HARIBO GmbH & Co. KG (Germany), Arcor, (Argentina), Sweet Candy Company (US), THE BANG CANDY COMPANY, (US) palmer-candy (US), SUGARFINA USA LLC (US), Jelly Belly Candy Company (US) |
Market Opportunities |
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Candy Market Dynamics
Drivers
- Rising demand for sugar free candies
Increased health consciousness, rise the desire for low sugar chocolates or confectionery items, sugar free candies has gained commercial popularity in current years. Increase the demand for sugar free candies among the general public due to increase in the number of people which is experiencing a sugar rush after eating chocolates with a high sugar content. The demand for the sugar free candies are expected to increase the growth of the candy market globally.
- Presence of large number of varieties
The rising availability of different types of candies such as both non-chocolate and chocolate candies in the market has led to the increase demand for candies which has fuelled by the impulsive purchase behaviour of customers. The changing preferences and tastes of the consumers in developing economies have led to a significant upsurge in the sales of candy overall the globe.
- Huge demand for chocolate candy
The rising demand for chocolate candies have dominated the market due to the health benefits associated with chocolate. Chocolate candies are extremely preferred by all age group people. Chocolate flavour has several health benefit like it helps in dropping the mortality rates, and also helps in treating diseases such as depression and bronchitis. Furthermore, dark chocolates possess huge health benefits due to the presence of cocoa content. It helps to maintain blood flow in the body and eases overall blood vessel functionality.
Major problems which are addressed in Candy Market report:
- How the market status is recently?
- How the is going to be in forecast period?
- What the Candy Market trends are?
- What the key player’s moves are?
- What are the recent developments in the Candy Market?
- What the market drivers and restrains are?
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