Candy Market Size, Trends, Analysis, and Outlook By Type (Chocolate Candy, Non-chocolate Candy, Gums, Jellies, Chews, Caramels, Nougat), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specalist Retailers, Online Retail, Others), b

Candy Market Size, Trends, Analysis, and Outlook By Type (Chocolate Candy, Non-chocolate Candy, Gums, Jellies, Chews, Caramels, Nougat), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specalist Retailers, Online Retail, Others), by Country, Segment, and Companies, 2024-2032

Global Candy Market Size is valued at $72.5 Billion in 2024 and is forecast to register a growth rate (CAGR) of 3.6% to reach $96.2 Billion by 2032.

The candy market is being driven by the demand for premium, artisanal confections, particularly those that use high-quality, natural ingredients. Consumers are shifting towards low-sugar and sugar-free candies as health concerns over sugar consumption rise. Functional candies, such as those fortified with vitamins or probiotics, are also gaining popularity, while nostalgic and retro-themed candies remain a key trend among younger consumers.

Candy Market Drivers, Trends, Opportunities, and Growth Opportunities

The comprehensive report presents unique market trends and challenges shaping the outlook for industry stakeholders. The Future of Candy survey report provides the market size outlook across types, applications, and segments globally and regionally. It also offers data-driven insights and actionable recommendations for companies in the Candy industry.

Key market trends defining the global Candy demand in 2025 and Beyond

The Candy industry remains an attractive hub for both domestic and global vendors. As we enter 2025, demand from end-user sectors, changes in consumption patterns, new product launches, and widening distribution channels will play major roles.

Candy Market Segmentation- Industry Share, Market Size, and Outlook to 2032

Rising demand for diverse products and applications fuels the increased investments in niche segments. Leading companies focus on generating a large share of their future revenue growth by expanding into these niche segments. The report presents a market size outlook across segments, supporting companies scaling up production with a focus on potential countries.

Key strategies adopted by companies within the Candy industry

Leading Candy companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions. In particular, companies that leverage advanced technologies to achieve operational excellence are set to gain significant revenues. The report details the key strategies adopted by the top 10 Candy companies.

Candy Market Study- Strategic Analysis Review

The market research report dives deep into qualitative factors shaping the market, empowering you to make informed decisions.

• Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
• Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
• Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
• Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.

Candy Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Candy industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. With actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three scenarios: low case, reference case, and high case.

Candy Country Analysis and Revenue Outlook to 2032

The report analyzes 22 countries worldwide, including key driving forces and market size outlook from 2021 to 2032. Additionally, it includes region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America. For each region, the market size outlook by segments is forecast for 2032.

North America Candy Market Size Outlook- Companies plan for focused investments in a changing environment

The US remains the market leader in North America, driven by a large consumer base, well-established providers, and strong infrastructure. Leading companies focus on new product launches in a changing environment. The US GDP is expected to grow from $28,781.1 Billion in 2024 to $36,621 Billion in 2030, driving demand for various Candy market segments. Similarly, strong market demand encourages Canadian Candy companies to invest in niche segments. Mexico's investment in technological advancements positions it for significant market expansion.

Europe Candy Market Size Outlook- Companies investing in assessing consumers, categories, competitors, and capabilities.

The German Candy industry remains the major market for companies in the European Candy industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Candy market fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and addressing niche consumer segments.

Asia Pacific Candy Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing pool of consumer base, robust consumption expenditure, and increasing investments in manufacturing drive the demand for Candy in Asia Pacific. In particular, China, India, and South East Asian Candy markets present a compelling outlook for 2032, attracting both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate market changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America Candy Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to higher purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Candy Market Size Outlook- continues its upward trajectory across segments.

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Candy market potential. Fuelled by increasing consumption expenditure of individuals and growing population drive the demand for Candy.

Candy Company Profiles

The global Candy market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. The leading companies included in the study are Cloetta Ab, Ferrero Group, Grupo Arcor, Haribo GmbH & Co. KG, Mars Inc, Mondelez International Inc, Nestle SA, Perfetti Van Melle Group BV, The Hershey Company, The Topps Company Inc.

Recent Candy Market Developments

The global Candy market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Candy Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis

• Pricing Analysis
• Value Chain Analysis
• SWOT Profile
• Market Dynamics- Trends, Drivers, Challenges
• Porter’s Five Forces Analysis
• Macroeconomic Impact Analysis
• Case Scenarios- Low, Base, High

Market Segmentation:

Type

Chocolate Candy

Non-chocolate Candy

• Hard Boiled Candies
• Pastilles

Gums

Jellies

Chews

Caramels

Nougat

Distribution Channel

Supermarkets/Hypermarkets

Convenience Stores

Specalist Retailers

Online Retail

Others

Geographical Segmentation:

• North America (3 markets)
• Europe (6 markets)
• Asia Pacific (6 markets)
• Latin America (3 markets)
• Middle East Africa (5 markets)

Companies

Cloetta Ab

Ferrero Group

Grupo Arcor

Haribo GmbH & Co. KG

Mars Inc

Mondelez International Inc

Nestle SA

Perfetti Van Melle Group BV

The Hershey Company

The Topps Company Inc

Formats Available: Excel, PDF, and PPT