Europe candy market is expected to register growth in the coming year due to high disposable income, changing consumer preferences in developing and developed economies. Customer’s tastes and their inclination towards candies are the motives behind the growth of the candy market. Rising concerns for health and simultaneous growth in consumer’s craving for a range of chocolates and candies caused the development in the sales of sugar-free and low calories confectionery products. Dark chocolates are known for controlling cardiac diseases and cholesterol owing to their richness in antioxidants and high coca content which boosts the market for chocolate confectionery. Product portfolio extensions and new brand promotions from established players are major aspects that propel the market growth.
According to 6Wresearch, Europe Candy Market size is anticipated to register growth during 2020-2026. Western Europe leads the chocolate candy sale, followed by Central and Eastern Europe. Augmented demand for higher quality cocoa products as well as premium chocolate candy has accelerated the candy sale in Europe. The high sugar content in chocolates and candies is expected to hamper the growth of the market. Health-conscious customers have turned toward snack bars and other snacks categories that are supposed as being healthier, coupled with reducing the intake of chocolate Confectionery. due to the changing preferences and tastes of customers toward healthy food, there has been considerable progress in products by many players. The Candy market in Europe is largely dominated by four big multinationals: Ferrero, Mondelez, and Mars nestle of which, Ferrero continues to grow and lead the Candy market.
Based on product type, the candy market is bifurcated into chocolate candy and non-chocolate candy. Further, in terms of distribution channel, the market is categorized into Supermarkets and Hypermarkets, Convenience Stores, Specialist Retailers, Online Retail, and Others. Manufacturers continuously innovating around a large number of flavors and consumers are curiously giving them a try. Manufacturers are highly trying other citrus fruits like lemon in their chocolate candy offerings. A wide range of fruits including raspberry, strawberry, and cherry – added to chocolate and candies but there are now a lot more types of fruit being combined. Peach is one of the fruits that have become more common in candies. Hazelnut is the top nut ingredient in chocolate candy, followed by almond and peanut. However, there is also a growth in pistachio, which has figured in more products over this year, and there are numerous blends of nuts and seeds or nuts and other ingredients.
Europe Candy market report thoroughly covers the market by Product Type, Distribution Channel, and countries including the United Kingdom, France, Italy, Spain, Germany, and the rest of Europe. Europe candy market outlook provides an unbiased & detailed analysis of the ongoing Europe candy market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Europe Candy market is anticipated to register sound revenues in the forthcoming years backed by the rising product advertisement during the advent of new products in order to attract a large consumer base. Further, the growing online platforms across the region have proven efficient especially for the children which enable them to purchase their desired candies conveniently and is eventually estimated to bring in lucrative opportunities for the new marketers to invest potentially which is further expected to act as a catalyst for the growth of the European candy market in the upcoming six years.
Key Highlights of the Report:
- Europe Candy Market Outlook
- Europe Candy Market Overview
- Europe Candy Market Forecast
- Historical Data for the period 2016-2019 and Market Forecast of Europe Candy Market Revenues until 2026
- Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Product Type
- Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Distribution
- Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for Italy Candy Market
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for the United Kingdom Candy Market
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for France Candy Market
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for Germany Candy Market
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for Rest of Europe Candy Market
- Market Drivers and Restraints
- Europe Candy Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Europe Candy Market Share, By Players
- Competitive Benchmarking
Markets Covered
The report provides a detailed analysis of the following market segments:
- By Distribution:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialist Retailers
- Online Retail
- Others
- By Product Type:
- Chocolate Candy
- Non-chocolate Candy
- By Countries:
- Italy
- United Kingdom
- France
- Germany
- Rest of Europe
