Candy market is expected to be growing at a growth rate of 4.37% in the forecast period of 2021 to 2028.Candy or lollies is a food which is usually made from the main ingredients sugar. These candies are available in different shapes and are available in small bite sizes. Usually flavors and colors are added and made by boiling sugar to the required consistency.
Toffees, gums, jellies, nougat, caramel and other are some of the common types of the candies. These candies are highly in demand during the festive season and are highly consumed by children. Many candy have nuts, fruits, almonds and other added to them to enhance the taste.
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Key Market Competitors:
Few of the major competitors currently working in the global candy market are THE HERSHEY COMPANY, Nestlé, Meiji Holdings Co., Ltd., General Mills Inc., Mondelēz International, Kellogg NA Co, Mars, Incorporated, pladis global, LOTTE CONFECTIONARY CO.LTD., August Storck, Perfetti Van Melle, HARIBO of America, Inc, Arcor, Ferrero, Cloetta, Sweet Candy Company., THE BANG CANDY COMPANY, Quality Candy Company, Muskoka Candy Company, The Ferrero Group., palmer-candy., SUGARFINA INC., Jelly Belly Candy Company and others.
Segmentation: Global Candy Market
- By Product Type (Chocolate Candy, Non- Chocolate Candy)
- By Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specalist Retailers, Online Retail, Others)
- By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
Market Drivers:
- Increasing disposable income will drive the market growth
- Rising demand from children and young population will also accelerate the market growth
- Growing popularity of dark chocolate will also propel growth of this market
- Rising expenditure capability of the customers will also enhance the market growth
Market Restraints:
- Increasing health awareness among population will restrain market
- Changing preferences in population will also restrict the market growth
- Rising obesity and diabetes due to high sugar content in candy will also hamper the market growth
Competitive Analysis:
Global candy market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of candy market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure
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