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Europe Candy Market By Type (Chocolate Candy, Non Chocolate Candy), By Distribution Channel (Supermarkets, Convenience Stores, Grocery Stores, Online And Others) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2022 to 2027)

Published: January, 2022
ID: 6786
Pages: 145

Europe Candy Market Value And Growth Rate:

The Europe Candy Market was valued at US$ XX billion in 2022 and is predicted to grow at US$ XX billion by 2027 with an increasing CAGR of XX% during 2022-2027.

Europe Candy Market Scenario:

Confectioneries are another name for candies. Candy is made with sugar, honey, and other natural or artificial sweeteners, as well as chocolate, milk, fruit, nuts, or other ingredients or flavours, and is made in the form of bars, drops, or bits. Certain varieties of candy can provide important proteins, minerals, and vitamins that aid with bodybuilding and overall health. Candy is classified as part of the confectionery market by the food and beverage industry, which interchangeably uses the terms confectionery and candy. Canned goods, pastries, and ice cream are ideal candidates. The presence of chocolate has been used to segment the worldwide candy business. The candy industry is considered a seasonal industry, with sales peaking around the holidays. Manufacturers are adding employment to fulfil the demands of assembling candies over the Christmas season. Candy containing cocoa or chocolate ingredients, such as cocoa butter, are known as chocolate candies. Non-chocolate confectionery or chocolate mimics, such as marshmallows, licorice, hard candy, and jelly beans, are examples of chocolate-free candy.

Recent Development in the Europe Candy Industry:

  • Russell Stover Chocolates introduced Joy Bites, a line of Fairtrade chocolate bars made with non-GMO, organic ingredients and no added sugar, in 2021.

  • Perfetti Van Melle USA Inc., which has strong origins in Europe, introduced its first soft gummy product in the United States in 2020 under the Fruit-tella brand. Fruit-tella Soft Gummies are produced with pectin instead of gelatin and contain actual fruit puree. Each gummy is shaped like a whimsical fruit figure and comes in Strawberry and Raspberry, Peach and Mango flavors.

Europe Candy Market Drivers:

The steady rise of the Europe candy market has been aided by the increasing number of innovative product developments. In the European market, there are a variety of delicious sweets in various shapes.

Mars Incorporated, for example, makes Big Red, a cinnamon-flavored chewing gum. The businesses are also involved in the launch of new items, which helps to boost the Europe candy market's demand. In addition, product innovation is intended to address the rising health risks linked with candy consumption, such as diabetes. As a result, the main industry companies are now offering sugar-free sweets to diabetics, as well as lowering the risk of diabetes in their clientele. Because of rising consumer health concerns, changing preferences, and declining sugar prices with low selling prices, industry demand is expected to be moderate. Companies offering health-enhancing products must also promote their products, which is a major impediment to Europe candy market expansion.

Europe Candy Market Restraints:

The majority of them are backed up by scientific studies and research. Candy has a lot of sugar, so it's no surprise that it's linked to diabetes and obesity. The advent of sugar-free candy replacements will most likely remedy this problem. However, due to increased expenditures in consolidation and innovation by major multinationals, the performance of the Europe candy market is expected to accelerate. As a result, candy manufacturers are likely to produce healthier confectionery alternatives in order to reduce consumers' negative attitudes toward candy. Furthermore, in recent years, the trend of gifting confectionery products such as cookies, chocolates, bakery items, and others has aided Europe's candy market growth. Confectionery products are frequently purchased as a consequence of impulse purchases, thus brands are always developing novel engaging techniques to attract consumer attention. These forces have combined to propel the market for confectionery products forward.However, the Europe candy market's expansion may be hampered by the volatility of sugar and cocoa raw material costs.

Europe Candy Market Segmentation:

By Product Type:

  • Chocolate Candy

  • Non Chocolate Candy

In terms of product type, chocolate candy was the most popular in 2019, accounting for 35.2 percent of the market. Chocolate confectionary is consumed by people of all ages to please their taste buds. Moreover, the European market for chocolate has been fueled by an increase in economic affluence, especially in emerging countries. Furthermore, chocolate is the most popular confectionary product per capita (kg) in a number of countries.

By Distribution channel:

  • Supermarkets

  • Convenience Stores

  • Grocery Stores

  • Online

  • Others

Based on distribution channel, the supermarket/hypermarket tends to dominate the Europe candy market share during the forecast period. The increase in supermarket/hypermarket adoption in mature and emerging markets is attributable to the growth of the supermarket/hypermarket segment in the Europe candy market. These retail formats are particularly popular among consumers since they give a one-stop shopping experience. During the forecast period, however, the e-commerce segment is expected to grow at a faster CAGR. The expansion of the market is aided by the establishment of online portals for confectionary items, particularly in emerging nations with big populations who use the internet. To attract more clients, this site offers a variety of discounts on online candy purchases. The rise of online business is aided by the advancement of advanced technologies.

Europe Candy Market Regional Analysis

The Europe Candy Market Report includes the segmentation of countries:

  • U.K

  • Germany

  • France

  • Russia

  • Rest of Europe

Due to the presence of industry leaders as well as a huge population of candy consumers, the United Kingdom has the largest share in the Europe candy market. Moreover, U.K candy market is expanding rapidly due to rising demand, product innovation, and disposable income.

Germany continues to be the region's largest consumer market, boosted in part by Europe's expanding demand for packaged assortments. Due to the growing habit of giving chocolates as gifts during holidays, sales of box assortments are rapidly increasing, the Germany candy market can experience a robust growth. Assorted self-lines are included in boxed assortments, and the chocolates included within are identical. They could also be a box containing many chocolate flavors. Dark, milk, or white chocolate, with or without fillings, are available. Consumers' online purchases have increased in recent years. As a result, major firms are bolstering their internet presence in order to sell this type of chocolate.

Impact of COVID-19 on Europe Candy Market:

The COVID-19 epidemic has had a hardest impact on the confectionery industry. During the course of 2020, the strict rules and lockdown had repercussions in the confectionery industry, causing differential impacts on raw material supply (agricultural produce, food ingredients, and intermediate food products), trade & logistics, demand-supply volatility, uncertain consumer demand, and workforce at the industrial level. One of the main concerns affecting the confectionery industry during the closure was sales decreases as a result of reduced gifting and impulse spending among customers all around the world.

Key Players listed in the Europe Candy Market

The companies covered in the report:

  1. Arcor

  2. August Storck KG

  3. Yildiz Holding

  4. Cemoi

  5. Chocoladefabriken Lindt & Sprungli AG

  6. United Confectionary Manufacturers

  7. Crown Confectionary Co. Ltd.

  8. DeMet’s Candy Co.

  9. Ezaki Glico Co. Ltd.

  10. Ferrero Group

 

 

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 U.K                 

                6.3 Spain                             

                6.4 Germany                     

                6.5 Italy                               

                6.6 France                          

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                              

  1. Europe Candy Market By Type, From 2022 - 2027 ( USD Billion )

  2. Europe Chocolate Candy Market By Region, From 2022 - 2027 ( USD Billion )

  3. Europe Non-Chocolate Candy Market By Region, From 2022 - 2027 ( USD Billion )

  4. Europe Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  5. Europe Syper Markets/Hyper Markets Market By Region, From 2022 - 2027 ( USD Billion )

  6. Europe Convenience Stores Market By Region, From 2022 - 2027 ( USD Billion )

  7. Europe Grocery Stores Market By Region, From 2022 - 2027 ( USD Billion )

  8. Europe Online Market By Region, From 2022 - 2027 ( USD Billion )

  9. Europe Others Market By Region, From 2022 - 2027 ( USD Billion )

  10. U.K. Candy Market By Type, From 2022 - 2027 ( USD Billion )

  11. U.K. Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  12. Germany Candy Market By Type, From 2022 - 2027 ( USD Billion )

  13. Germany Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  14. France Candy Market By Type, From 2022 - 2027 ( USD Billion )

  15. France Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  16. Italy Candy Market By Type, From 2022 - 2027 ( USD Billion )

  17. Italy Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  18. Spain Candy Market By Type, From 2022 - 2027 ( USD Billion )

  19. Spain Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

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