Global candy market Overview
Global candy market is expected to register growth in the coming year due to high disposable income, changing consumer preferences in developing and developed economies are key factors for the growth of Global candy market. Also, globally candies are getting popularity as gifts & fueling demand for candies majorly in festival season is a major factor for fueling the growth of Global candy market over the forecast period. Manufacturers of candy with lesser sugar contents can create the opportunity of high potential revenue for key players of Global candy market. Moreover, having valuable nutrients & other ingredients in candies can act as an opportunity for key players to increase their market and revenue share. Specific kinds of candies can add valuable protein, minerals, & vitamins which helps the body in building and promote general well-being. However, candies having huge sugar content can lead to weight gain, and can increase the chances of dental problems due to high consumption of candies are key factors lowering the growth of Global candy market. Moreover, increasing health consciousness among the population is expected to lower demand for candies which in-turn will hamper the growth of Global candy market over the forecast period.
According to 6Wresearch, Global Candy Market size is anticipated to register growth during 2020-2026. North America, followed by Europe, is the major contributor to candy’s market revenue mainly driven by the snack bar sale. However, sugar confectionery consumption dominates the Asia-Pacific and the Middle East region due to the lower cost of the product. Thus, the Asia-Pacific region is expected to grow at a faster rate during the forecast period. Players in Global candy market are Meiji Holdings Co. Ltd, Nestle SA, General Mills Inc., Mars Incorporated, Mondelez International, The Groupo Arcor, Kellogg Company, Lotte Confectionery Co. Ltd, Crown Confectionery Co. Ltd and The Hershey Company. Global candy market is highly fragmented due to international and local suppliers. The top five companies account for half of the industry’s revenues on Global platform, while small and medium companies from Europe also have a wide global presence.
Based on product type, non-chocolate candies are gaining high growth in Global candy market, owing to the recent developments in its appearance, candy flavors & mouth-feel. Most of the manufacturers are generally focusing on product development in line with the culture of organic food across the world. Moreover, due to constant emphasis on clean-labeled products and stricter government regulation on the organic, amount of sugar content in food products, sweeteners, vegan, sugar-free, GMO-free, and kosher food colors, and other ingredients are being used while manufacturing candies, is likely to contribute for the growth of the market. Many countries witnessing that media advertisement and campaigns related to innovative candy products which directly impacting the sales of sugar-based confectionery.
Global Candy Market is anticipated to register sound revenues in the years ahead backed by an increase in the expansion of the hypermarkets and supermarkets in the developed and developing regions. Moreover, on the basis of the region, North America is estimated to generate high sales revenues in the coming timeframe owing to the rising product innovation with the addition of new flavors, not only attracts the children but also attracts youngsters to purchase varieties of confectionery items, as a result, it is estimated to secure tremendous growth of the candy market globally.
Key Highlights of The Reports
- Global Candy Market Outlook
- Global Candy Market Overview
- Global Candy Market Trends
- Global Candy Market Forecast
- Market Drivers and Restraints
- Industry Life Cycle
- Market Opportunity Assessment
- Global Candy Market Share, By Players
- Porter’s Five Force Analysis
- Competitive Benchmarking
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for Middle East Candy Market
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for Africa Candy Market
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for Europe Candy Market
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for Asia Pacific Candy Market
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