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.
Explore Further Details about This Research Candy Market Report
https://www.databridgemarketresearch.com/reports/global-candy-market
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.
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.
Some of the major players operating in the candy market are:
- 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 (German)
- Perfetti Van Melle (Netherland)
- 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)
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.
Opportunities
The continuously growing development and increasing expenditure capacity of consumers are the important factors to create beneficial opportunity for the candy market. The extensively held candies are made for both children and the young population. The demand for the candy is mostly driven by consumer tastes, population growth and inclinations. Enormous multinational companies have a substantial advantage over medium scale companies, in terms of economies in manufacturing and buying. Production of candy with less sugar additives can generate great revenue generation opportunities for significant market players in the candy market. Moreover, the addition of valued components and other nutrients and mineral in candies can be a great opportunity for major players to upsurge their revenue and market share. Moreover, increase in emerging new markets will also act as market drivers and further increase the beneficial opportunities for the market's growth rate.
Global Candy Market Scope
The candy market is segmented on the basis type, age group, price point and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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
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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