Market Forecast By Distribution (Supermarkets & Hypermarkets, Online Retail, Specialist Retailers, Convenience Stores, And Others), By Product Type (Chocolate Candy And Non-Chocolate Candy), By Regions (Latin America, North America, Europe, Asia Pacific, Middle East, And Africa) And Competitive Landscape
|Product Code: ETC055040||Publication Date: Jul 2022||Product Type: Report|
|Publisher: 6Wresearch||No. of Pages: 300||No. of Figures: 90||No. of Tables: 30|
Global Candy Market report thoroughly covers the market by Product Type, Distribution Channel, and regions including North America, Latin America, Europe, Asia Pacific, the Middle East and Africa, and key countries. Global Candy market outlook report provides an unbiased and detailed analysis of the on-going Global 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.
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 the global candy market. Also, globally candies are getting popularity as gifts & fueling demand for candies majorly in the festival season is a major factor for fueling the growth of the 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 in the 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 help 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. This is expected because the number of COVID-19 cases is rising in Europe, with the largest brunt being taken by the strongest economies in the region, namely, Italy, the UK, Germany, France, Spain, & the Netherlands. These countries are home to some of the biggest premium chocolate makers in the world and the region is, therefore, bound to be seriously affected by the pandemic as demand for such items steadily falls. Additionally, the market in North America and Asia-Pacific, two of the biggest confectionery products consuming regions in the world, is also likely to be impacted because of rising cases in these regions.
According to 6Wresearch, Global Candy Market size is anticipated to register growth during 2020-2026. The growing expansion of hypermarkets and supermarkets coupled with rising product innovation by the manufacturers is driving the candy market growth. Additionally, the surging young and children population coupled with increasing demand for attractive packaging is driving the development of the market.
Key Players in the 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 the Global platform, while small and medium companies from Europe also have a wide global presence.
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.
Based on product type, non-chocolate candies are gaining high growth in Global candy market, owing to the recent developments in their appearance, candy flavours & mouth-feel. Most 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-labelled products and stricter government regulation on the organic, amount of sugar content in food products, sweeteners, vegan, sugar-free, GMO-free, and kosher food colours, and other ingredients are being used while manufacturing candies, is likely to contribute for the growth of the market. Many countries witnessing that media advertisements and campaigns related to innovative candy products which directly impact the sales of sugar-based confectionery. Nowadays Companies are launching products in innovative flavours such as raw mango, strawberry Tamarind etc. to consumers. Companies are adopting expansion as the key strategy, followed by mergers and acquisitions. This endeavour of worldwide players has demonstrated effectiveness in making their quality more grounded with these mergers and extensions. As far as volumes, Europe rose as the top locale for food industry M&A bargains all around the world, trailed by North America (counting Hershey's securing of One Brands), and afterwards Asia-Pacific.
The report provides a detailed analysis of the following market segments:
1). Does the report include the impact of COVID-19?
Yes, the report includes the impact of COVID-19
2). Which segment based on product type is gaining high growth in overall Global Candy Market Growth?
Based on product type, non-chocolate candies are gaining high growth in Global candy market.
3). Which region is the major contributor to Global Candy Market Growth?
North America, followed by Europe, is the major contributor to the candy market.
4). Who are the key players in Global Candy Market?
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
|1. Executive Summary|
|2.1. Key Highlights of the Report|
|2.2. Report Description|
|2.3. Market Scope & Segmentation|
|2.4. Research Methodology|
|3. Global Candy Market Overview|
|3.1. Global Country Macro Economic Indicators|
|3.2. Global Candy Market Revenues, 2019 & 2026F|
|3.3. Global Candy Market - Industry Life Cycle|
|3.4. Global Candy Market - Porter's Five Forces|
|3.5. Global Candy Market Revenue Share, By Product Type, 2019 & 2026F|
|3.6. Global Candy Market Revenue Share, By Distribution, 2019 & 2026F|
|4. Global Candy Market Dynamics|
|4.1. Impact Analysis|
|4.2. Market Drivers|
|4.3. Market Restraints|
|5. Global Candy Market Trends|
|6. Global Candy Market, By Product Type|
|6.1. Global Candy Market, By Product Type|
|6.1.1. Overview and Analysis|
|6.1.2. Global Candy Market Revenues, By Non-chocolate Candy, 2016 - 2026F|
|6.1.3. Global Candy Market Revenues, By Chocolate Candy, 2016 - 2026F|
|6.2. Global Candy Market, By Distribution|
|6.2.1. Overview and Analysis|
|6.2.2. Global Candy Market Revenues, By Supermarkets and Hypermarkets, 2016 - 2026F|
|6.2.3. Global Candy Market Revenues, By Online Retail, 2016 - 2026F|
|6.2.4. Global Candy Market Revenues, By Specialist Retailers, 2016 - 2026F|
|6.2.5. Global Candy Market Revenues, By Convinience Stores, 2016 - 2026F|
|6.2.6. Global Candy Market Revenues, By Others, 2016 - 2026F|
|7. North America Candy Market|
|7.1. North America Candy Market, By Product Type|
|7.1. North America Candy Market, By Distribution|
|7.1. North America Candy Market, By Regions|
|8. Latin America Candy Market|
|8.1. Latin America Candy Market, By Product Type|
|8.1. Latin America Candy Market, By Distribution|
|8.1. Latin America Candy Market, By Regions|
|9. Europe Candy Market|
|9.1. Europe Candy Market, By Product Type|
|9.1. Europe Candy Market, By Distribution|
|9.1. Europe Candy Market, By Regions|
|10. Middle East Candy Market|
|10.1. Middle East Candy Market, By Product Type|
|10.1. Middle East Candy Market, By Distribution|
|10.1. Middle East Candy Market, By Regions|
|11. Africa Candy Market|
|11.1. Africa Candy Market, By Product Type|
|11.1. Africa Candy Market, By Distribution|
|11.1. Africa Candy Market, By Regions|
|12. Asia Pacific Candy Market|
|12.1. Asia Pacific Candy Market, By Product Type|
|12.1. Asia Pacific Candy Market, By Distribution|
|12.1. Asia Pacific Candy Market, By Regions|
|13. Global Candy Market Key Performance Indicators|
|14. Global Candy Market - Opportunity Assessment|
|14.1. Global Candy Market Opportunity Assessment, By Product Type, 2019 & 2026F|
|14.2. Global Candy Market Opportunity Assessment, By Distribution, 2019 & 2026F|
|15. Global Candy Market - Competitive Landscape|
|15.1. Global Candy Market Revenue Share, By Companies, 2019|
|15.2. Global Candy Market Competitive Benchmarking, By Operating and Technical Parameters|
|16. Company Profiles|