Report Overview

Global Candy Market- Industry Trends & Forecast Report 2027

 

The global candy market was worth USD 209.8 billion in 2020. According to the study, the market is expected to grow at the CAGR of 4.2% during 2021-2027 (forecast period), earning revenue of around USD 278.9 billion by the end of 2027. Some factors contributing to the growth of the market are the growing demand for candies globally, the growth in product innovations, the rise in demand for chocolates globally, the rise in product developments, the rise in demand from the young age demographic, the increasing demand for sugar-free, low-calorie candies, and the emergence of new product offerings. Aside from that, the market is also facing a number of challenges, including increasing government restrictions, shifting customer tastes, and health concerns, all of which could impede the growth of the global candy market.

 

 

Source: BlueWeave Consulting

 

Global Candy Market Overview

Candies, popularly known as lollies, are usually made from sugar, which is a key ingredient in the production of candies. These come in a variety of forms, sizes, and colors. Colors and flavors are typically applied to candies to give them a distinct color and taste. Jellies, toffies, gummies are some of the examples of candies that are in high demand during festive seasons. Candy consumption spikes during celebrations such as Halloween, Christmas, Easter, and New Year. Aside from that, candies are becoming increasingly popular as gifts these days. Confectionaries and candies are often used interchangeably.

 

Global Candy Market Forecast and Trends

Growth Drivers

Increasing Disposable Income will Fuel the Market

With the rise in the living standards of middle-class consumers, emerging markets have observed categories like candies to report huge spending of disposable income. The demand for candies has always been strong during the time of festivities in developed countries, but due to improved lifestyles, even developing countries have seen exponential growth in consumerism. Furthermore, the modernization of the e-commerce industry and websites is also aiding the growth of the global candy market. Customers' increasing spending power is another important factor driving the global candy market forward.

Innovation in Products

Due to the changing preferences of the population, the candy market always hustles to bring new flavors and textures that can satisfy consumer’s taste buds. For instance, in December 2020, Jelly Belly, a US-based candy company, introduced a line of vegan gummy candies that do not contain gelatin. Apple, Berry, Lemon, Orange, and Very Cherry are among the five flavors available in the vegan line. Besides these, in April 2021,  Pecan Deluxe candy launched Popping Boba—tiny, juice-filled spheres encased in an edible shell that explodes with flavors. It is the latest addition to Pecan Deluxe Candy Company's product lineup.

Restraints

Rising Health Concern

Apart from their delicious taste, candies are unquestionably a recognized cause for many diseases such as diabetes, and obesity due to their high sugar which is harmful to health. According to Our World In Data, a project of the Global Change Data Lab, obesity was responsible for 8% of global deaths in 2017. Moreover, one in every five children and adolescents worldwide is overweight.  Aside from that, there has been a significant rise in public health awareness. Physical fitness has become a must as a result of the pandemic, as a result of which a section of people prefers avoiding sugar-filled candies.   Some other harmful effects of candies are tooth decay, which is exacerbated when sweets get trapped between teeth, Excessive candy intake can also cause blood glucose levels to fluctuate rapidly. Thus, the aforementioned factors are limiting the market growth to a great extent.

Impact of COVID-19 on Global Candy Market

No industry has been left untouched by COVID-19 and this includes the candy industry as well. Sales and production reported a steep decline due to the shutdown of manufacturing units. The mint and gums category suffered a setback too; nevertheless, chocolate confectioneries continue to rise in demand because it has become a necessary indulgence for people working from home during the ongoing pandemic. The market for dark chocolate is witnessing unprecedented growth owing to the impulsive purchase behavior of consumers. As a result, COVID-19 had only a short-term effect on the global candy industry.

Global Candy Market- By Type

 

Based on type, the global candy market is bifurcated into chocolate candy, non-chocolate candy, hard rolled candy, breath sweeteners, caramels, gummies, deictic candy, marshmallows, licorice, lollipops, sours, chewing gums, cotton candy. Among these, the non-chocolate category accounts for the lion's share of the market. This can be attributed to the availability of multiple candy flavors, their appearance, and mouth-feel. The major manufacturers are now focusing on product development in line with the organic food culture globally. At the same time, manufacturers are taking all possible measures to adhere to the strict regulations on the amount of sugar content. For instance, Public Health England (PHE) recommends that chocolate should contain 43.7g of sugar per 100g. Besides this, food colorings, sweeteners, vegan, and other ingredients are some of the considerations to remember. As a result, manufacturers are focusing on clean-labeled manufacturing.

Source: BlueWeave Consulting

Global Candy Market- By Distribution Channel

Based on the distribution channel, the global candy market is segmented into convenience stores, traditional grocery stores, supermarkets/hypermarkets, online sales channels, departmental stores, and others. The departmental stores dominate the overall market share as it provides the convenience of choice, variety of products, central location, and lower retail prices. However, the online sales channel is the fastest-growing segment due to its advanced customer experience and time-saving properties. COVID-19 pandemic and economic crisis are also responsible for its increased demand. Young consumers born in the digital era, such as millennials and Generation Z, are also driving consumerism through online shopping.

Global Candy Market- By Region

 

Based on region, the global candy market is segmented into five regions, North America, Europe, the Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific dominates the overall global candy market due to the high demand for candies from the young population and children. Moreover, the impulsive purchase behavior of consumers is another primary reason fuelling the market growth. Moreover, campaigns and media advertisements related to innovative candy products are proliferating the market. Companies are increasingly launching products with innovative flavours such as tamarind, raw mango, and strawberry to lure consumers in emerging markets.

Source: BlueWeave Consulting

 

Competitive Landscape

The global candy market is highly fragmented due to the presence of many local and international players in the market. The key players in the 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., Meiji Holdings Co., Ltd., Arcor, August Storck KG, Yildiz Holding, Chocoladefabriken Lindt & Sprungli AG, United Confectionery Manufacturers, Ezaki Glico Co. Ltd., Ferrara Candy Co., Ferrero Group          , General Mills , and other prominent players.

Recent Developments

·         In April 2021, HI-CHEW launched a new HI-CHEW fruit combos stand up pouch. It creates a fruit-forward experience with interesting flavors like tropical smoothie, pina colada, and the fresh strawberry lemonade. Each chewlet in the pouch is wrapped up with two layers of juicy and mouthwatering goodness.

·         In May 2020, Prefetti Van Melle USA, Inc. has launched the first soft gummy products in the United States, under Fruit-Tella brand, which has a strong base in Europe.

 

 

Scope of the Report

Attribute	Details
Years considered	Historical data- 2017-2020 Base Year- 2020 Forecast- 2021-2027
Facts covered	Revenue in USD Billion
Market coverage	North America(U.S. and Canada), Europe (Germany, United Kingdom, Italy, France, Spain, Russia, Sweden, Denmark, Switzerland, Netherlands, Belgium, Poland, and Rest of Europe), the Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Malaysia, Thailand, Indonesia, Philippines, Vietnam, and Rest of Asia Pacific), Latin America (Brazil, Argentina, Columbia, Mexico, and Rest of Latin America), and the Middle-East & Africa (Saudi-Arabia, Iran, UAE, Turkey, South Africa and Rest of the Middle-East and Africa)
Product/ Service segmentation	By type, by distribution channel, and by region
Key Players	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., Meiji Holdings Co., Ltd., Arcor, August Storck KG, Yildiz Holding      , Chocoladefabriken Lindt & Sprungli AG, United Confectionery Manufacturers, Ezaki Glico Co. Ltd., Ferrara Candy Co., Ferrero Group    , General Mills , and other prominent players.

 

 

 

By Type

Ø  Chocolate Candy

Ø  Non-Chocolate Candy

Ø  Hard Rolled Candy

Ø  Breath Sweeteners

Ø  Caramels

Ø  Gummies

Ø  Dietic Candy

Ø  Marshmallows

Ø  Licorice

Ø  Lollipops & Sours

Ø  Chewing Gums

Ø  Cotton Candy

Ø  Others

 

By Distribution Channel

Ø  Convenience Stores

Ø  Traditional/Grocery Stores

Ø  Supermarkets/Hypermarkets

Ø  Online Sales Channel

Ø  Departmental Stores

Ø  Others

By Region

Ø  North America

Ø  Europe

Ø  the Asia-Pacific

Ø  Latin America

Ø  the Middle East and Africa

FAQs

1.    What is the current size of the global candy market?

Answer: The global candy market has reached USD 209.8 billion in 2020.

2.    What are the major factors driving the growth of the global candy market?

Answer: The major factors propelling the growth of the global candy market is the rise in disposable income, product innovation, rising demand for dark chocolates, and an increase in demand from children and the young population.

3.       Who are the key players in the global candy market?

Answer: The key players in the global candy 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., Meiji Holdings Co., Ltd., Arcor, August Storck KG, Yildiz Holding, Chocoladefabriken Lindt & Sprungli AG, United Confectionery Manufacturers, Ezaki Glico Co. Ltd., Ferrara Candy Co., Ferrero Group, General Mills , and other prominent players.

4.    Which type accounted for the larger share in the global candy market?

Answer: The non-chocolate segment accounted for the larger share in the global candy market.

5.    Which distribution channel is dominating the global candy market?

 

Answer: Departmental store segment is dominating the global candy market.

1.    Research Framework

1.1. Research Objective

1.2. Product Overview

1.3. Market Segmentation

2.    Research Methodology

2.1. Qualitative Research

2.1.1.   Primary & Secondary Research

2.2. Quantitative Research

2.3. Market Breakdown & Data Triangulation

2.3.1.   Secondary Research

2.3.2.   Primary Research

2.4. Breakdown of Primary Research Respondents, By Region

2.5. Assumption & Limitation

3.    Executive Summary

4.    Global Candy Market Insights

4.1. Industry Value Chain Analysis

4.2. DROC Analysis

4.2.1.   Growth Drivers

4.2.2.   Restraints

4.2.3.   Opportunities

4.2.4.   Challenges

4.3. Industry Life Cycle Analysis

4.4. Porter’s Five Forces Analysis

4.4.1.   Bargaining Application of Suppliers

4.4.2.   Bargaining Application of Buyers

4.4.3.   Threat of New Entrants

4.4.4.   Threat of Substitutes

4.4.5.   Intensity of Rivalry

5.    Global Candy Market Overview

5.1. Market Size & Forecast by Value, 2017-2027

5.1.1.   By Value (USD Million)

5.2. Market Share & Forecast

5.2.1.   By Type

5.2.1.1.       Chocolate Candy

5.2.1.2.       Non-Chocolate Candy

5.2.1.3.       Hard Rolled Candy

5.2.1.4.       Breath Sweeteners

5.2.1.5.       Caramels

5.2.1.6.       Gummies

5.2.1.7.       Dietic Candy

5.2.1.8.       Marshmallows

5.2.1.9.       Licorice

5.2.1.10.    Lollipops & Sours

5.2.1.11.    Chewing Gums

5.2.1.12.    Cotton Candy

5.2.1.13.    Others

5.2.2.   By Distribution Channel

5.2.2.1.       Convenience Stores

5.2.2.2.       Traditional Grocery Stores

5.2.2.3.       Supermarkets/Hypermarkets

5.2.2.4.       Online Sales Channel

5.2.2.5.       Others

5.2.3.   By Region

5.2.3.1.       North America

5.2.3.2.       Europe

5.2.3.3.       the Asia-Pacific

5.2.3.4.       Latin America

5.2.3.5.       the Middle East and Africa

6.    North America Candy Market

6.1. Market Size & Forecast by Value, 2017-2027

6.1.1.   By Value (USD Million)

6.2. Market Share & Forecast

6.2.1.   By Type

6.2.2.   By Distribution Channel

6.2.3.   By Country

6.2.3.1.     U.S.

6.2.3.2.     Canada

7.    Europe Candy Market

7.1. Market Size & Forecast by Value, 2017-2027

7.1.1.   By Value (USD Million)

7.2. Market Share & Forecast

7.2.1.   By Type

7.2.2.   By Distribution Channel

7.2.3.   By Country

7.2.3.1.       Germany

7.2.3.2.       United Kingdom

7.2.3.3.       Italy

7.2.3.4.       France

7.2.3.5.       Spain

7.2.3.6.       Russia

7.2.3.7.       Sweden

7.2.3.8.       Denmark

7.2.3.9.       Switzerland

7.2.3.10.    Netherlands

7.2.3.11.    Belgium

7.2.3.12.    Poland

7.2.3.13.    Rest of Europe

8.    the Asia-Pacific Candy Market

8.1. Market Size & Forecast by Value, 2017-2027

8.1.1.   By Value (USD Million)

8.2. Market Share & Forecast

8.2.1.   By Type

8.2.2.   By Distribution Channel

8.2.3.   By Country

8.2.3.1.     China

8.2.3.2.     India

8.2.3.3.     Japan

8.2.3.4.     Singapore

8.2.3.5.     South Korea

8.2.3.6.     Australia

8.2.3.7.     New Zealand

8.2.3.8.     Malaysia

8.2.3.9.     Thailand

8.2.3.10.  Indonesia

8.2.3.11.  Philippines

8.2.3.12.  Vietnam

8.2.3.13.  Rest of Asia Pacific

9.    Latin America Candy Market

9.1. Market Size & Forecast by Value, 2017-2027

9.1.1.   By Value (USD Million)

9.2. Market Share & Forecast

9.2.1.   By Type

9.2.2.   By Distribution Channel

9.2.3.   By Country

9.2.3.1.     Brazil

9.2.3.2.     Argentina

9.2.3.3.     Columbia

9.2.3.4.     Mexico

9.2.3.5.     Rest of Latin America

10. the Middle East & Africa Candy Market

10.1.     Market Size & Forecast by Value, 2017-2027

10.1.1.                By Value (USD Million)

10.2.     Market Share & Forecast

10.2.1.                By Type

10.2.2.                By Distribution Channel

10.2.3.                By Country

10.2.3.1.      Saudi Arabia

10.2.3.2.      Iran

10.2.3.3.      UAE

10.2.3.4.      Turkey

10.2.3.5.      South Africa

10.2.3.6.      Rest of The Middle East & Africa

11.Competitive Landscape

11.1.   List of Key Players and Their Offerings

11.2.   Market Share Analysis, 2020

11.3.   Competitive Benchmarking, By Operating Parameters

12.Impact of Covid-19 on Global Candy Industry

13.Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, SWOT Analysis, Contact Address, and Strategic Outlook)**

13.1.     Perfetti Van Melle Group

13.2.     Mondelez International, Inc.

13.3.     The Hershey Company

13.4.     Mars, Incorporated

13.5.     Nestlé S.A.

13.6.     Crown Confectionery Co., Ltd.

13.7.     Kellogg Company

13.8.     Grupo Arcor S.A.

13.9.     Lotte Confectionery Co., Ltd.

13.10.  Meiji Holdings Co., Ltd.

13.11.  Arcor

13.12.  August Storck KG

13.13.  Yildiz Holding 

13.14.  Chocoladefabriken Lindt & Sprungli AG

13.15.  United Confectionary Manufacturers        

13.16.  Ezaki Glico Co. Ltd.

13.17.  Ferrara Candy Co.

13.18.  Ferrero Group

13.19.  General Mills 

13.20.  Other Prominent Players

14.Key Strategic Recommendations

*Financial details of unlisted companies will be available as per data availability in final deliverable

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

 

List of Figures

Fig: Global Candy Segmentation

 

Fig: Global Candy Market Value Chain Analysis

 

Fig: Company Market Share Analysis, 2020

 

Fig: Global Candy Market Size, By Value (USD Million), 2017-2027

 

Fig: Global Candy Market Share (%), By Type, By Value (USD Million), 2017-2027

 

Fig: Global Candy Market Share (%), By Distribution Channel, By Value (USD Million), 2017-2027

Fig: Global Candy Market Share (%), By Region, By Value (USD Million), 2017-2027

 

Fig: North America Candy Market Size, By Value (USD Million), 2017-2027

 

Fig: North America Candy Market Share (%), By Type, By Value (USD Million), 2017-2027

 

Fig: North America Candy Market Share (%), By Distribution Channel, By Value (USD Million), 2017-2027

 

Fig: North America Candy Market Share (%), By Country, By Value (USD Million), 2017-2027

 

Fig: Europe Candy Market Size, By Value (USD Million), 2017-2027

 

Fig: Europe Candy Market Share (%), By Type, By Value (USD Million), 2017-2027

 

Fig: Europe Candy Market Share (%), By Distribution Channel, By Value (USD Million), 2017-2027

 

Fig: Europe Candy Market Share (%), By Country, By Value (USD Million), 2017-2027

 

Fig: the Asia-Pacific Candy Market Size, By Value (USD Million), 2017-2027

 

Fig: the Asia-Pacific Candy Market Share (%), By Type, By Value (USD Million), 2017-2027

 

Fig: the Asia-Pacific Candy Market Share (%), By Distribution Channel, By Value (USD Million), 2017-2027

 

Fig: the Asia-Pacific Candy Market Share (%), By Country, By Value (USD Million), 2017-2027

 

Fig: Latin America Candy Market Size, By Value (USD Million), 2017-2027

 

Fig: Latin America Candy Market Share (%), By Type, By Value (USD Million), 2017-2027

 

Fig: Latin America Candy Market Share (%), By Distribution Channel, By Value (USD Million), 2017-2027

 

Fig: Latin America Candy Market Share (%), By Country, By Value (USD Million), 2017-2027

 

Fig: the Middle-East & Africa Candy Market Size, By Value (USD Million), 2017-2027

Fig: the Middle-East & Africa Candy Market Share (%), By Type, By Value (USD Million), 2017-2027

 

Fig: the Middle-East & Africa Candy Market Share (%), By Distribution Channel, By Value (USD Million), 2017-2027

 

Fig: the Middle-East & Africa Candy Market Share (%), By Country, By Value (USD Million), 2017-2027

 

List of Tables

Table: Global Candy Market Size, By Type, By Value (USD Million), 2017-2027

 

Table: Global Candy Market Size, By Distribution Channel, By Value (USD Million), 2017-2027

 

Table: Global Candy Market Size, By Region, By Value (USD Million), 2017-2027

 

Table: North America Candy Market Size, By Type, By Value (USD Million), 2017-2027

 

Table: North America Candy Market Size, By Distribution Channel, By Value (USD Million), 2017-2027

 

Table: North America Candy Market Size, By Country, By Value (USD Million), 2017-2027

 

Table: Europe Candy Market Size, By Type, By Value (USD Million), 2017-2027

 

Table: Europe Candy Market Size, By Distribution Channel, By Value (USD Million), 2017-2027

 

Table: Europe Candy Market Size, By Country, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Candy Market Size, By Type, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Candy Market Size, By Distribution Channel, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Candy Market Size, By Country, By Value (USD Million), 2017-2027

 

Table: Latin America Candy Market Size, By Type, By Value (USD Million), 2017-2027

 

Table: Latin America Candy Market Size, By Distribution Channel, By Value (USD Million), 2017-2027

 

Table: Latin America Candy Market Size, By Country, By Value (USD Million), 2017-2027

Table: the Middle-East & Africa Candy Market Size, By Type, By Value (USD Million), 2017-2027

 

Table: the Middle-East & Africa Candy Market Size, By Distribution Channel, By Value (USD Million), 2017-2027

 

Table: the Middle-East & Africa Candy Market Size, By Country, By Value (USD Million), 2017-2027

 

Table: Perfetti Van Melle GroupFinancial Analysis

Table: Perfetti Van Melle GroupBusiness Overview

Table: Mondelez International, Inc.Financial Analysis

Table: Mondelez International, Inc.Business Overview

Table: The Hershey CompanyFinancial Analysis

Table: The Hershey CompanyBusiness Overview

Table: Mars, IncorporatedFinancial Analysis

Table: Mars, IncorporatedBusiness Overview

Table: Nestlé S.A.Financial Analysis

Table: Nestlé S.A.Business Overview

Table: Crown Confectionery Co., Ltd.Financial Analysis

Table: Crown Confectionery Co., Ltd.Business Overview

Table: Kellogg CompanyFinancial Analysis

Table: Kellogg CompanyBusiness Overview

Table: Grupo Arcor S.A.Financial Analysis

Table: Grupo Arcor S.A.Business Overview

Table: Lotte Confectionery Co., Ltd.Financial Analysis

Table: Lotte Confectionery Co., Ltd.Business Overview

Table: Meiji Holdings Co., Ltd.Financial Analysis

Table: Meiji Holdings Co., Ltd.Business Overview

Table: ArcorFinancial Analysis

Table: ArcorBusiness Overview

Table: August Storck KGFinancial Analysis

Table: August Storck KGBusiness Overview

Table: Yildiz HoldingFinancial Analysis

Table: Yildiz HoldingBusiness Overview

Table: Chocoladefabriken Lindt & Sprungli AGFinancial Analysis

Table: Chocoladefabriken Lindt & Sprungli AGBusiness Overview

Table: United Confectionary ManufacturersFinancial Analysis

Table: United Confectionary ManufacturersBusiness Overview

Table: Ezaki Glico Co. Ltd.Financial Analysis

Table: Ezaki Glico Co. Ltd.Business Overview

Table: Ferrara Candy Co.Financial Analysis

Table: Ferrara Candy Co.Business Overview

Table: Ferrero GroupFinancial Analysis

Table: Ferrero GroupBusiness Overview

Table: General MillsFinancial Analysis

Table: General MillsBusiness Overview