Product Code: ETC5378251 | Publication Date: Nov 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Antigua and Barbuda Candy Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 1.93% in 2025, climbs to a high of 3.34% in 2027, and moderates to 0.50% by 2029.
By 2027, Antigua and Barbuda's Candy market is forecasted to achieve a stable growth rate of 3.34%, with United States of America leading the North America region, followed by Canada, Trinidad and Tobago, Jamaica and Bahamas.
The candy market in Antigua and Barbuda is vibrant, with a mix of local confectioneries and imported brands. The market caters to a diverse consumer base, including locals and tourists. Festivals, holidays, and tourism significantly boost candy sales. The market faces challenges such as competition from healthier snack alternatives and the need for compliance with food safety regulations.
The candy market in Antigua and Barbuda is driven by several factors, including the growing demand for confectionery products among children and adults. The increasing disposable income and changing consumer preferences towards premium and innovative candy products are significant drivers. Seasonal and festive demand, along with effective marketing and promotional activities by manufacturers, further boosts the candy market. Additionally, the rise in tourism and the availability of a variety of candy products in retail stores and supermarkets contribute to market expansion.
The candy market in Antigua and Barbuda faces significant challenges related to competition and market size. The small population limits the overall demand for candy, making it difficult for manufacturers to achieve economies of scale. Additionally, the market is dominated by well-established international brands, making it challenging for local producers to gain a foothold. Import tariffs and shipping costs further increase the prices of imported candies, affecting affordability for consumers. Health concerns and increasing awareness of the negative effects of excessive sugar consumption also impact the market, as consumers shift towards healthier snack options. Seasonal demand fluctuations, especially around holidays, create inventory management challenges for retailers.
The candy market in Antigua and Barbuda is regulated by food safety and health standards imposed by the government. These policies ensure that all candy products sold in the market are safe for consumption and meet nutritional guidelines. There are also import duties and tariffs that affect the cost and availability of imported candies, while local producers may benefit from tax incentives and support programs aimed at fostering local manufacturing.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Antigua and Barbuda Candy Market Overview |
3.1 Antigua and Barbuda Country Macro Economic Indicators |
3.2 Antigua and Barbuda Candy Market Revenues & Volume, 2021 & 2031F |
3.3 Antigua and Barbuda Candy Market - Industry Life Cycle |
3.4 Antigua and Barbuda Candy Market - Porter's Five Forces |
3.5 Antigua and Barbuda Candy Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Antigua and Barbuda Candy Market Revenues & Volume Share, By Distribution, 2021 & 2031F |
4 Antigua and Barbuda Candy Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Antigua and Barbuda Candy Market Trends |
6 Antigua and Barbuda Candy Market Segmentations |
6.1 Antigua and Barbuda Candy Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Antigua and Barbuda Candy Market Revenues & Volume, By Chocolate Candy, 2021-2031F |
6.1.3 Antigua and Barbuda Candy Market Revenues & Volume, By Non-Chocolate Candy, 2021-2031F |
6.2 Antigua and Barbuda Candy Market, By Distribution |
6.2.1 Overview and Analysis |
6.2.2 Antigua and Barbuda Candy Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021-2031F |
6.2.3 Antigua and Barbuda Candy Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.2.4 Antigua and Barbuda Candy Market Revenues & Volume, By Specialist Retailers, 2021-2031F |
6.2.5 Antigua and Barbuda Candy Market Revenues & Volume, By Online Retail, 2021-2031F |
6.2.6 Antigua and Barbuda Candy Market Revenues & Volume, By Others, 2021-2031F |
7 Antigua and Barbuda Candy Market Import-Export Trade Statistics |
7.1 Antigua and Barbuda Candy Market Export to Major Countries |
7.2 Antigua and Barbuda Candy Market Imports from Major Countries |
8 Antigua and Barbuda Candy Market Key Performance Indicators |
9 Antigua and Barbuda Candy Market - Opportunity Assessment |
9.1 Antigua and Barbuda Candy Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Antigua and Barbuda Candy Market Opportunity Assessment, By Distribution, 2021 & 2031F |
10 Antigua and Barbuda Candy Market - Competitive Landscape |
10.1 Antigua and Barbuda Candy Market Revenue Share, By Companies, 2024 |
10.2 Antigua and Barbuda Candy Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |