Candy Market by Type, Source, Sales Channel

List of Tables

The Candy Market was valued at USD 68.64 billion in 2023, expected to reach USD 71.84 billion in 2024, and is projected to grow at a CAGR of 4.93%, to USD 96.17 billion by 2030.

The global candy market encompasses a wide array of confectionery products including chocolates, gummies, hard candies, licorice, and others, catering to diverse consumer preferences across various demographics. This sector necessitates comprehensive market research to understand shifting consumer behaviors, preferences for healthier ingredients, and the emerging trend of plant-based and sustainable candies. The candy market's application spans various channels, including grocery stores, specialty candy shops, and online platforms, with dynamic end-use segments like children, teens, adults, and even specialty dietary groups. Crucial growth factors include the rise of premiumization trends, increased gifting culture, and innovation in flavors and packaging. Urbanization and increasing disposable incomes contribute significantly to market expansion, as does the leveraging of digital marketing and e-commerce. Potential opportunities lie in tapping emerging markets with increasing purchasing power and investing in sustainable and health-oriented products, such as sugar-free or low-calorie options. However, the market faces limitations such as stringent regulations, the rising costs of raw materials like cocoa, and competition from healthy snack alternatives. The challenges of adapting to changing consumer tastes and addressing environmental concerns also impact growth. Areas ripe for innovation include the development of plant-based candies, the exploration of new flavor profiles, and the integration of augmented reality into packaging for enhanced consumer engagement. Additionally, research into eco-friendly packaging and artificial intelligence for better market predictions can further business growth. The candy market is diverse and dynamic, characterized by the interplay of traditional offerings and evolving consumer demands, indicating a robust potential for innovation and adaptation to retain competitiveness and cater to a global audience.

KEY MARKET STATISTICS
Base Year [2023]	USD 68.64 billion
Estimated Year [2024]	USD 71.84 billion
Forecast Year [2030]	USD 96.17 billion
CAGR (%)	4.93%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Candy Market

The Candy Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Rising disposable income and growing spending on confectionery products
- Increasing availability of candies on online sales channels
Market Restraints
- Fluctuations in the prices of sugar, cocoa, and other raw materials
Market Opportunities
- Expanding popularity of seasonal and limited-edition flavor candies
- Increasing collaboration of market players with influencers and celebrities for brand endorsements
Market Challenges
- Concerns associated with product recalls and stringent food safety and labeling regulations

Porter's Five Forces: A Strategic Tool for Navigating the Candy Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Candy Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Candy Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Candy Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Candy Market

A detailed market share analysis in the Candy Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Candy Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Candy Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Candy Market

A strategic analysis of the Candy Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Candy Market, highlighting leading vendors and their innovative profiles. These include AUGUST STORCK KG, Cacau Show, Canel's Group, Cloetta AB, Colombina S.A., Confiseries Mondoux Inc., CEMOI Group, Delfi Limited, Delica AG by Migros, Ferrero International S.A., General Mills, Inc., Grupo Arcor, HARIBO GmbH & Co. KG, Jelly Belly Candy Company, Just Born, Inc., Kruger GmbH & Co. KG, Lindt & Sprungli Group, LOTTE Corporation, Mars, Incorporated, Meiji Holdings Co., Ltd., Mondelez International, Inc., Morinaga & Co., Ltd., Naeem Foods, Nestle S.A., Orion Corporation, Orkla Confectionery & Snacks by Orkla ASA, Palmer Candy, Parle Products Pvt. Limited, Perfetti Van Melle Group B.V., PIM Brands Inc., Pladis Foods Ltd., Quality Candy Company, Roshen Confectionery Corporation, Samkan Products Pvt. Ltd., Shanghai Want Want Food Group Co., Ltd., Sweet Candy Company, Inc., The Hershey Company, The Simply Good Foods Company, Tootsie Roll Industries, Inc., United Confectioners LLC by Guta Group, Vidal Golosinas S.A, and WK Kellogg Co.

Market Segmentation & Coverage

This research report categorizes the Candy Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Type, market is studied across Chocolate Candy, Gummy & Chewy Candies, Hard Candies, Lollipops, Mints, Powdered Candy, and Toffee, Caramels, & Nougats.
Based on Source, market is studied across Conventional and Organic.
Based on Sales Channel, market is studied across Convenience Stores, Online Retailers, Specialty Candy Shops, and Supermarkets & Hypermarkets.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-F97DD5A7D992

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising disposable income and growing spending on confectionery products
  - 5.1.1.2. Increasing availability of candies on online sales channels
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuations in the prices of sugar, cocoa, and other raw materials
- 5.1.3. Opportunities
  - 5.1.3.1. Expanding popularity of seasonal and limited-edition flavor candies
  - 5.1.3.2. Increasing collaboration of market players with influencers and celebrities for brand endorsements
- 5.1.4. Challenges
  - 5.1.4.1. Concerns associated with product recalls and stringent food safety and labeling regulations
5.2. Market Segmentation Analysis
- 5.2.1. Type: Increasing popularity of gummy & chewy candies for their fun shapes and vibrant colors
- 5.2.2. Sales Channel: Growing purchase of candies through online retailers owing to ease of purchase
- 5.2.3. Source: Rising benefits of organic candy due to specific dietary needs
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Candy Market, by Type

6.1. Introduction
6.2. Chocolate Candy
6.3. Gummy & Chewy Candies
6.4. Hard Candies
6.5. Lollipops
6.6. Mints
6.7. Powdered Candy
6.8. Toffee, Caramels, & Nougats

7. Candy Market, by Source

7.1. Introduction
7.2. Conventional
7.3. Organic

8. Candy Market, by Sales Channel

8.1. Introduction
8.2. Convenience Stores
8.3. Online Retailers
8.4. Specialty Candy Shops
8.5. Supermarkets & Hypermarkets

9. Americas Candy Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Candy Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Candy Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Frankford Candy to Unveiled Innovative Candy Collaborations with Baskin-Robbins and SpongeBob SquarePants at 2024 Sweet & Snacks Expo
- 12.3.2. Morinaga & Co., Ltd. Expanded HI-CHEW Line with New Gummies and Sour Gummies at 2024 Sweets & Snacks Expo
- 12.3.3. Patricof & Co Capital Corporation Invested in Bazooka Candy Brands, Fueling Growth and Innovation as Company Gains Independence
- 12.3.4. Mars, Incorporated Finalized the Acquisition of the Chocolate Brand Hotel Chocolat, Promising Expansion and Shared Values
- 12.3.5. Ferrara Candy Company Acquired Jelly Belly Candy Company, Merging Beloved Jelly Beans with Extensive Candy Portfolio
- 12.3.6. STORCK USA, L.P.'s Berrytasty launched in the U.S. designed to help consumers relax and recharge
- 12.3.7. Lotte India Corporation Ltd Unveiled Coffy Bite Rich, A New Coffee-Toffee with Creamy Vanilla Swirl to Meet Evolving Consumer Tastes
- 12.3.8. HARIBO GmbH & Co. KG Opened First U.S. Factory in Wisconsin to Meet Rising Demand for Gummie
- 12.3.9. MONDELEZ INDIA FOODS PRIVATE LIMITED Invested INR 1,600 Crore to Boost Chocolate Production at Sri City Plant, Supporting Rising Demand and Job Creation
- 12.3.10. Koios Beverage Corporation Introduced Swol Bears Gummies with Natural Ingredients and Vitamin D to Support Health-Conscious Consumers
- 12.3.11. Sow Good, Inc. Expanded into Freeze-Dried Candy Market with New Production Capabilities and Retail Partnerships
12.4. Strategy Analysis & Recommendation
- 12.4.1. Mars, Incorporated
- 12.4.2. Mondelez Global LLC
- 12.4.3. The Hershey Company
- 12.4.4. AUGUST STORCK KG

Companies Mentioned

1. AUGUST STORCK KG
2. Cacau Show
3. Canel's Group
4. Cloetta AB
5. Colombina S.A.
6. Confiseries Mondoux Inc.
7. CEMOI Group
8. Delfi Limited
9. Delica AG by Migros
10. Ferrero International S.A.
11. General Mills, Inc.
12. Grupo Arcor
13. HARIBO GmbH & Co. KG
14. Jelly Belly Candy Company
15. Just Born, Inc.
16. Kruger GmbH & Co. KG
17. Lindt & Sprungli Group
18. LOTTE Corporation
19. Mars, Incorporated
20. Meiji Holdings Co., Ltd.
21. Mondelez International, Inc.
22. Morinaga & Co., Ltd.
23. Naeem Foods
24. Nestle S.A.
25. Orion Corporation
26. Orkla Confectionery & Snacks by Orkla ASA
27. Palmer Candy
28. Parle Products Pvt. Limited
29. Perfetti Van Melle Group B.V.
30. PIM Brands Inc.
31. Pladis Foods Ltd.
32. Quality Candy Company
33. Roshen Confectionery Corporation
34. Samkan Products Pvt. Ltd.
35. Shanghai Want Want Food Group Co., Ltd.
36. Sweet Candy Company, Inc.
37. The Hershey Company
38. The Simply Good Foods Company
39. Tootsie Roll Industries, Inc.
40. United Confectioners LLC by Guta Group
41. Vidal Golosinas S.A
42. WK Kellogg Co