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Pulished Date August, 2019
ID: 6782
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Candy Market By Type (Chocolate Candy, Non Chocolate Candy), By Distribution Channel (Supermarkets, Convenience Stores, Grocery Stores, Online And Others) And By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and Rest of the World) - Global Industry Size, Share, Scope, Growth, Trends, And Forecast Research Report 2020-2025

Pulished: August, 2019
ID: 6782
Pages: 175

Candy Market Size, Share and Growth Rate Analysis:

Candy Market is expected to experience moderate growth to record a CAGR of 4.0% throughout the forecast period (2017-2023). Candies are also known as confectioneries. The preparation of candy includes sugar, honey and other natural or artificial sweeteners in combination with chocolate, milk, fruit, nuts or other ingredients or flavors that are produced in the form of bars, drops or pieces. Certain types of candy can add valuable proteins, minerals and vitamins that help bodybuilding and promote overall wellness. The food and beverage industry identifies candy as part of the confectionery industry and uses the term confectionery and candy interchangeably. 

This preferably includes canned goods, cakes, and ice cream. The global candy market has been segmented based on the presence of chocolate. The candy market is considered a seasonal market and its sales soar during the holidays. To meet the requirements for assembling candy during the holiday seasons, manufacturers are increasing employment to step up production and production. Chocolate candies are those that include cocoa or chocolate products, for example, cocoa butter. Chocolate-free candy includes non-chocolate confectionery or chocolate replicas such as marshmallows, licorice, hard candy, and jelly beans. 

Recent Developments:

  1. HC360.com announced that on September 28, 2018, Qingdao Haier Co., Ltd. (SH600690, "Qingdao Haier") and the Italian Fumagalli family have published that they have reached an agreement to merge Qingdao Haier and Candy SpA. According to the agreement, Haier will invest 475 million euros (about 3.805 million yuan) to further accelerate its development in the European market.
  2. Chinese electronics giant Haier Group has announced that it will acquire Italian appliance maker Candy for € 475 million ($ 547 million) in an effort to expand its market share in Europe. The decision comes as Haier seeks to establish itself as a global brand, amid China's attempts to rebalance its economy more towards consumption and away from the infrastructure and investment model of the past.
  3. In January 2019, Chinese manufacturer Qingdao Haier completed the acquisition of Candy S.p.A, which owns international brands Candy and Hoover and national brands, including Rosières. Haier said the acquisition "fits perfectly" in its strategy to achieve a leadership position in all regions of the world.
  4. Qingdao Haier Co acquires Italian candy and will also invest € 475 million to accelerate its expansion in the European market further. Once the transaction is complete, Haier will establish its European headquarters in Brugherio, Italy, and will continue to invest in candy to increase its competitiveness in Europe and worldwide.

Market Drivers and Restraints:

As consumer spending increases, the demand for consumer goods is also rising. The mounting urbanization is also an essential factor in the growth of the candy market in the world. According to the International Organization for Migration in 2015, around 3 million people migrate to cities every week. Therefore, the above factors drive market growth. The lucrative target population of the candy market is the population of children and youth. According to the US Census Bureau, in 2016, children 0-17 years old represented 73.6 million people. The increasing availability of different varieties of candy has led to high demand among children. Manufacturers also engage in innovative marketing strategies to attract their target customers, as children are viewed as a highly influential population group. 

The increasing number of new product developments has contributed to the steady growth of the candy market. There are different flavored candies of various shapes available in the market. For example, Big Red is a cinnamon-flavoured chewing gum made by Mars Incorporated. The companies are also involved in the launch of new products, further stimulating demand from the candy market. Product innovation also aimed to address the growing health problems associated with consuming candy, such as diabetes. This has led the leading market players to offer sugar-free candy to the diabetic population and also to reduce the risk of potential diabetes in their clients.

Industry demand is supposed to be moderate due to growing consumer health concerns, changing preferences and falling sugar prices with low selling prices. Promotion by companies selling health-enhancing products is also an essential inhibiting factor in market growth. Most of them are backed by scientific research and studies. Since candies contain a significant amount of sugar, they are directly related to diabetes and obesity. This problem will likely be solved with the development of sugar-free candy substitutes. However, the performance of the global candy market is assumed to accelerate due to increasing investments in consolidation and innovation by significant multinationals. As a result, candy makers are likely to develop healthier candy alternatives to decrease consumers' unfavorable perception of candy.

Regional Analysis

The global market for candy has been categorized on the basis of geography in four regions: North America, Europe, Asia-Pacific, and the rest of the world. North American Candy was further segmented in the United States, Canada, and Mexico. The European Candy market has been ranked in the United Kingdom, Germany, France, Italy, Spain and the rest of Europe. The Asia-Pacific Candy market has been divided into China, India, Japan, Australia, and New Zealand, and the rest of the Asia-Pacific. The Candy market in the rest of the world has been segmented into South America, the Middle East and Africa. 

Asia-Pacific leads the world in candy sales, followed by North America. The target population of the candy market is mainly made up of children and young people. Population growth in emerging economies has led to strong demand for candy, driven by impulsive consumer purchasing behavior. Developing economies, where per capita candy consumption is deficient compared to their western counterparts, are slowing further and further. Many countries attend media campaigns and advertisements for innovative confectionery products that have a direct impact on the rate of sugar confectionery sales. Companies increasingly launch products with creative flavors such as raw mango, tamarind, strawberry, etc.

Global Candy Market Segmentation Analysis:

The Global market for Candy is segmented based on Type and Distribution Channel. Based on Type it is divided into Chocolate Candy and Non-Chocolate Candy. Non Chocolate Candy is further segmented as Hard Rolled Candies, Breath Sweeteners, Caramels, Gummies and Others. Based on Distribution Channel it is divided into Supermarkets, Convenience Stores, Grocery Stores, Online and Others.

Leading Key Companies Covered in this market report are:

Some of the key players dominating this market include Arcor, August Storck KG, Yildiz Holding, Cemoi, Chocoladefabriken Lindt & Sprungli AG, United Confectionary Manufacturers, Crown Confectionary Co. Ltd., DeMet’s Candy Co., Ezaki Glico Co. Ltd., Ferrero Group, Lotte Confectionary, Mars Inc., Hersheys Co. and General Mills.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Chocolaty Candy   

                                5.1.3 Non-Chocolate Candy        

                                                5.1.3.1 Hard Rolled Candies

                                                5.1.3.2 Breath Sweeteners

                                                5.1.3.3 Caramels

                                                5.1.3.4 Gummies

                                                5.1.3.5 Dietetic Candy

                                                5.1.3.6 Marshmallows

                                                5.1.3.7 Licorice

                                                5.1.3.8 Lollipops and Sours

                                                5.1.3.9 Chewing Gums

                                                5.1.3.10 Cotton Candy

                                5.1.4  Y-o-Y Growth Analysis, By Type    

                                5.1.5  Market Attractiveness Analysis, By Type  

                                5.1.6  Market Share Analysis, By Type    

                5.2 Distribution Channel                               

                                5.2.1 Introduction           

                                5.2.2 Super Markets/Hyper Markets      

                                5.2.3 Convenience Stores            

                                5.2.4 Grocery Stores      

                                5.2.5 Online       

                                5.2.6 Others      

                                5.2.7 Y-o-Y Growth Analysis, By Distribution Channel      

                                5.2.8 Market Attractiveness Analysis, By Distribution Channel    

                                5.2.9 Market Share Analysis, By Distribution Channel      

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By Distribution Channel

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                                6.1.4.3 By Distribution Channel

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                                                6.1.5.3 By Distribution Channel

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Mars Inc.                     

                                8.1.1 Overview 

                                8.1.2 Type Analysis         

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Hershey Co.                               

                8.3 Lotte Confectionery Co. Ltd.                               

                8.4 Nestle SA                    

                8.5 Ferrero Group                           

                8.6 General Mills                             

                8.7 Arcor                             

                8.8 August Storck KG                     

                8.9 DeMet's Candy Co.                 

                8.10 Crown Confectionary Co. Ltd.                          

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms by distribution channel along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Candy Market By Region, From 2019-2024 ( USD Billion )
  2. Global Candy Market By Type, From 2019-2024 ( USD Billion )
  3. Global Chocolate Candy Market By Region, From 2019-2024 ( USD Billion )
  4. Global Non-Chocolate Candy Market By Region, From 2019-2024 ( USD Billion )
  5. Global Candy Market By Distribution Channel, From 2019-2024 ( USD Billion )
  6. Global Syper Markets/Hyper Markets Market By Region, From 2019-2024 ( USD Billion )
  7. Global Convenience Stores Market By Region, From 2019-2024 ( USD Billion )
  8. Global Grocery Stores Market By Region, From 2019-2024 ( USD Billion )
  9. Global Online Market By Region, From 2019-2024 ( USD Billion )
  10. Global Others Market By Region, From 2019-2024 ( USD Billion )
  11. North America Candy Market By Type, From 2019-2024 ( USD Billion )
  12. North America Chocolate Candy Market By Region, From 2019-2024 ( USD Billion )
  13. North America Non-Chocolate Candy Market By Region, From 2019-2024 ( USD Billion )
  14. North America Candy Market By Distribution Channel, From 2019-2024 ( USD Billion )
  15. North America Syper Markets/Hyper Markets Market By Region, From 2019-2024 ( USD Billion )
  16. North America Convenience Stores Market By Region, From 2019-2024 ( USD Billion )
  17. North America Grocery Stores Market By Region, From 2019-2024 ( USD Billion )
  18. North America Online Market By Region, From 2019-2024 ( USD Billion )
  19. North America Others Market By Region, From 2019-2024 ( USD Billion )
  20. United States Candy Market By Type, From 2019-2024 ( USD Billion )
  21. United States Candy Market By Distribution Channel, From 2019-2024 ( USD Billion )
  22. Canada Candy Market By Type, From 2019-2024 ( USD Billion )
  23. Canada Candy Market By Distribution Channel, From 2019-2024 ( USD Billion )
  24. Europe Candy Market By Type, From 2019-2024 ( USD Billion )
  25. Europe Chocolate Candy Market By Region, From 2019-2024 ( USD Billion )
  26. Europe Non-Chocolate Candy Market By Region, From 2019-2024 ( USD Billion )
  27. Europe Candy Market By Distribution Channel, From 2019-2024 ( USD Billion )
  28. Europe Syper Markets/Hyper Markets Market By Region, From 2019-2024 ( USD Billion )
  29. Europe Convenience Stores Market By Region, From 2019-2024 ( USD Billion )
  30. Europe Grocery Stores Market By Region, From 2019-2024 ( USD Billion )
  31. Europe Online Market By Region, From 2019-2024 ( USD Billion )
  32. Europe Others Market By Region, From 2019-2024 ( USD Billion )
  33. U.K. Candy Market By Type, From 2019-2024 ( USD Billion )
  34. U.K. Candy Market By Distribution Channel, From 2019-2024 ( USD Billion )
  35. Germany Candy Market By Type, From 2019-2024 ( USD Billion )
  36. Germany Candy Market By Distribution Channel, From 2019-2024 ( USD Billion )
  37. France Candy Market By Type, From 2019-2024 ( USD Billion )
  38. France Candy Market By Distribution Channel, From 2019-2024 ( USD Billion )
  39. Italy Candy Market By Type, From 2019-2024 ( USD Billion )
  40. Italy Candy Market By Distribution Channel, From 2019-2024 ( USD Billion )
  41. Spain Candy Market By Type, From 2019-2024 ( USD Billion )
  42. Spain Candy Market By Distribution Channel, From 2019-2024 ( USD Billion )
  43. Asia Pacific Candy Market By Type, From 2019-2024 ( USD Billion )
  44. Asia Pacific Chocolate Candy Market By Region, From 2019-2024 ( USD Billion )
  45. Asia Pacific Non-Chocolate Candy Market By Region, From 2019-2024 ( USD Billion )
  46. Asia Pacific Candy Market By Distribution Channel, From 2019-2024 ( USD Billion )
  47. Asia Pacific Syper Markets/Hyper Markets Market By Region, From 2019-2024 ( USD Billion )
  48. Asia Pacific Convenience Stores Market By Region, From 2019-2024 ( USD Billion )
  49. Asia Pacific Grocery Stores Market By Region, From 2019-2024 ( USD Billion )
  50. Asia Pacific Online Market By Region, From 2019-2024 ( USD Billion )
  51. Asia Pacific Others Market By Region, From 2019-2024 ( USD Billion )
  52. Japan Candy Market By Type, From 2019-2024 ( USD Billion )
  53. Japan Candy Market By Distribution Channel, From 2017-2022( USD Billion )
  54. China Candy Market By Type, From 2017-2022( USD Billion )
  55. China Candy Market By Distribution Channel, From 2017-2022( USD Billion )
  56. India Candy Market By Type, From 2017-2022( USD Billion )
  57. India Candy Market By Distribution Channel, From 2017-2022( USD Billion )
  58. Australia Candy Market By Type, From 2017-2022( USD Billion )
  59. Australia Candy Market By Distribution Channel, From 2017-2022( USD Billion )
  60. South Korea Candy Market By Type, From 2017-2022( USD Billion )
  61. South Korea Candy Market By Distribution Channel, From 2017-2022( USD Billion )
  62. Latin America Candy Market By Type, From 2017-2022( USD Billion )
  63. Latin America Chocolate Candy Market By Region, From 2017-2022( USD Billion )
  64. Latin America Non-Chocolate Candy Market By Region, From 2017-2022( USD Billion )
  65. Latin America Candy Market By Distribution Channel, From 2017-2022( USD Billion )
  66. Latin America Syper Markets/Hyper Markets Market By Region, From 2017-2022( USD Billion )
  67. Latin America Convenience Stores Market By Region, From 2017-2022( USD Billion )
  68. Latin America Grocery Stores Market By Region, From 2017-2022( USD Billion )
  69. Latin America Online Market By Region, From 2017-2022( USD Billion )
  70. Latin America Others Market By Region, From 2017-2022( USD Billion )
  71. Brazil Candy Market By Type, From 2017-2022( USD Billion )
  72. Brazil Candy Market By Distribution Channel, From 2017-2022( USD Billion )
  73. Argentina Candy Market By Type, From 2017-2022( USD Billion )
  74. Argentina Candy Market By Distribution Channel, From 2017-2022( USD Billion )
  75. Mexico Candy Market By Type, From 2017-2022( USD Billion )
  76. Mexico Candy Market By Distribution Channel, From 2017-2022( USD Billion )
  77. Rest of Latin America Candy Market By Type, From 2017-2022( USD Billion )
  78. Rest of Latin America Candy Market By Distribution Channel, From 2017-2022( USD Billion )
  79. Middle East and Africa Candy Market By Type, From 2017-2022( USD Billion )
  80. Middle East and Africa Chocolate Candy Market By Region, From 2017-2022( USD Billion )
  81. Middle East and Africa Non-Chocolate Candy Market By Region, From 2017-2022( USD Billion )
  82. Middle East and Africa Candy Market By Distribution Channel, From 2017-2022( USD Billion )
  83. Middle East and Africa Syper Markets/Hyper Markets Market By Region, From 2017-2022( USD Billion )
  84. Middle East and Africa Convenience Stores Market By Region, From 2017-2022( USD Billion )
  85. Middle East and Africa Grocery Stores Market By Region, From 2017-2022( USD Billion )
  86. Middle East and Africa Online Market By Region, From 2017-2022( USD Billion )
  87. Middle East and Africa Others Market By Region, From 2017-2022( USD Billion )
  88. Middle East Candy Market By Type, From 2017-2022( USD Billion )
  89. Middle East Candy Market By Distribution Channel, From 2017-2022( USD Billion )
  90. Africa Candy Market By Type, From 2017-2022( USD Billion )
  91. Africa Candy Market By Distribution Channel, From 2017-2022( USD Billion )

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