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Global Candy Market

  • Published Date: 25 Sep 2018
  • Number of Pages: 186
  • Category: Food and Beverages
  • Country: Global
The candy market is itself a part of the confectionery industry which covers all the sweets and chocolates produced worldwide. The Candy market currently accounts for US$XX Million and is expected to grow to US$XX Million by 2022, and is expected to grow at a CAGR of XX% during the forecast period. Candy market is seasonal in nature. For instance, the demand for fruit-based or sour candies is at its peak in the tropics during summers, while chocolate based candies find their peak consumption throughout winter, especially during Christmas. The launch of new products - especially in the newly emerging sugar-free segment has helped the market to expand.

Market Dynamics:

The Candy market in is highly fragmented due to the prominent presence of small, local manufacturers throughout the world. Increasing disposable income and betterment of living standards worldwide have been the most fundamental factors influencing the growth of the market. The market is essentially driven by launch of creative products and is based on impulsive, on spot purchases, to a large extent. For the confectionery products, packaging and product presentation is gaining more importance. Although increasing health consciousness worldwide has made chocolate-based products less popular than earlier, it has also opened tremendous opportunities for the sugar-free and fruit based segments of the candy industry. The market also faces tough competition from other segments of the confectionery industry. Candies have been traditionally considered to be sugar-based and have been related to diabetes and obesity and this has restrained the growth of major segments of the market. Although the segment of Sugar free Candies an emerging one, it will take time to be well- established in the market

Market Segmentation:

On the basis of the presence of chocolate, the candy market has two major segments, chocolate candy, and non-chocolate candy. On the basis of product forms, the candy market can be further segmented by the product type into gummies, caramels, liquorice, hard candies, lollipops and sours, cotton candy, chewing gums, etc. The global candy market can also be segmented on the basis of the distribution channel into supermarkets/hypermarkets, convenience stores, grocery stores, online, and others. Supermarkets/Hypermarkets have the highest market share, in terms of sales.

Geographical Analysis:

The Caucasian sensitivity for sweetness has made Europe the biggest market for Candies, in terms of sales. North America stands second, with a narrow margin. The rapid increase in disposable income, improvement in the standard of living, and a large population base has made Asian countries, especially China and India, the fastest growing markets in the industry. Key players in the Industry Include Hersheys (American), Nestle S A (Swiss), Bourbon Corp. (Japanese), Lotte Confectionery Co. Ltd. (Korean), Ferrero Group (Italian)- to name a few.

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe

> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe

> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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