Global Candy Market to Grow Over USD72 Billion by 2026

GLOBAL CANDY MARKET

FORECAST & OPPORTUNITIES

2016 – 2026

MARKET INTELLIGENCE . CONSULTING

www.techsciresearch.com

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Scope of ReportProduct of Interest (POI): Candy

Review Period

2016 – 2019

Base Year

2020

Estimated Year

2021

Forecast Period

2022 – 2026

Year Range

REGION

• North America

• Europe

• Middle East & Africa

• Asia-Pacific

• South America

The global candy market is expected to witness steady growth during the forecast period owing toincreasing innovation in existing products and rising demand for chocolate products globally.However, rising health concerns about diseases like obesity and diabetes are somewhat inhibiting thegrowth of the global candy market. To tackle this situation, sugar-free and low-calorie candies arebeing manufactured by the companies. In terms of product type, the candy market is categorized intosugar candy, chocolate candy and gum candy.

Market Segmentation

GLOBAL CANDY MARKET

TYPE

• Sugar Candy

• Chocolate Candy

• Gum Candy

DISTRIBUTION CHANNEL

• Convenience Stores

• Tradition Grocery Stores

• Supermarkets/Hypermarkets

• Online Sales Channel

• Departmental Store

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Table of Contents

S. No. Contents Page No.

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

4.1. Brand Awareness

4.2. Frequency of Usage & Purchase

4.3. Sources of Information Conferred

4.4. Reason for Purchase

5. Global Candy Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Product Type (Sugar Candy, Chocolate Candy and Gum Candy)

5.2.2.By Distribution Channel (Convenience Stores, Tradition Grocery Stores, Supermarkets/Hypermarkets, Online Sales Channel and Departmental Stores)

5.2.3. By Company (2020)

5.2.4. By Region

5.3. Market Map

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Table of Contents


6. Asia-Pacific Candy Market Outlook


6.1.1. By Value


6.2.1. By Product Type

6.2.2. By Distribution Channel

6.2.3. By Country

6.3. Asia-Pacific: Country Analysis

6.3.1. China Candy Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Product Type

6.3.1.2.2. By Distribution Channel

6.3.2. India Candy Market Outlook

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Table of Contents



6.3.2.1.1. By Value




6.3.3. Japan Candy Market Outlook


6.3.3.1.1. By Value




6.3.4. South Korea Candy Market Outlook


6.3.4.1.1. By Value




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Table of Contents


6.3.5. Indonesia Candy Market Outlook


6.3.5.1.1. By Value




7. Europe Candy Market Outlook


7.1.1. By Value




7.2.3. By Country

7.3. Europe: Country Analysis

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Table of Contents


7.3.1. France Candy Market Outlook


7.3.1.1.1. By Value




7.3.2. Germany Candy Market Outlook


7.3.2.1.1. By Value




7.3.3. United Kingdom Candy Market Outlook


7.3.3.1.1. By Value




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Table of Contents


7.3.4. Italy Candy Market Outlook


7.3.4.1.1. By Value




7.3.5. Russia Candy Market Outlook


7.3.5.1.1. By Value




8. North America Candy Market Outlook


8.1.1. By Value




8.2.3. By Country

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Table of Contents


8.3. North America: Country Analysis

8.3.1. United States Candy Market Outlook


8.3.1.1.1. By Value




8.3.2. Mexico Candy Market Outlook


8.3.2.1.1. By Value




8.3.3. Canada Candy Market Outlook


8.3.3.1.1. By Value




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Table of Contents


9. South America Candy Market Outlook


9.1.1. By Value




9.2.3. By Country

9.3. South America: Country Analysis

9.3.1. Brazil Candy Market Outlook


9.3.1.1.1 By Value




9.3.2. Argentina Candy Market Outlook

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Table of Contents



9.3.2.1.1 By Value




9.3.3. Colombia Candy Market Outlook


9.3.3.1.1 By Value




10. Middle East & Africa Candy Market Outlook


10.1.1. By Value




10.2.4. By Country

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Table of Contents


10.3. Middle East & Africa : Country Analysis

10.3.1. South Africa Candy Market Outlook


10.3.1.1.1. By Value




10.3.2. Saudi Arabia Candy Market Outlook


10.3.2.1.1. By Value




10.3.3. UAE Candy Market Outlook


10.3.3.1.1. By Value




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Table of Contents


10.3.4. Qatar Candy Market Outlook


10.3.4.1.1. By Value




11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Impact of COVID-19 on Global Candy Market

14. Competitive Landscape

14.1. Competition Benchmarking

14.2. Company Profiles (Leading companies)

14.2.1. Perfetti Van Melle Group

14.2.2. Mondelez International, Inc.

14.2.3. The Hershey Company

14.2.4. Mars, Incorporated

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Table of Contents


14.2.5. Nestlé S.A.

14.2.6. Crown Confectionery Co., Ltd.

14.2.7. Kellogg Company

14.2.8. Grupo Arcor S.A.

14.2.9. Lotte Confectionery Co., Ltd.

14.2.10. Meiji Holdings Co., Ltd.

15. Strategic Recommendations

16. About Us & Disclaimer

RESEARCH METHODOLOGY

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Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the global candy market, overall market size and segmental market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about the global candy market.

Data Collection

Data Filter& Analysis

Research &Intelligence

ActionableInsights

BusinessSolution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

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Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of the global candy market. The team has analyzed the

outlook of various segments of this market, while considering the major influencing factors such as increasing innovation in existing products

and rising demand for chocolate products. The study includes market forecasting, which would enable our clients to take better decisions while

planning their strategy to achieve sustainability in the global candy market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value : Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive

secondary research and primary surveys, with various key opinion leaders/stakeholders, such as candy manufacturers, companies, channel

partners, market influencers & end users, industry experts, and other industry participants.

• The team interviewed more than 15 – 20 candy manufacturers, companies, 100 – 120 end users, and 15 – 20 industry experts and other

value chain stakeholders in the global candy market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi

technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-

2020.

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• Respondents were asked about the current and future market growth rates, market shares by product type, by distribution channel, by

region, and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares

generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various

segments were further triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares:

Market shares by product type, by distribution channel, by region and by company were calculated based on the responses received through

primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various

segments of candy market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders

after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global candy

market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

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TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research

also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It

should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the

United States Dollar (USD), with the market size indicated in USD million.

Partial List of Companies Interviewed Key Secondary Sources

▪ Perfetti Van Melle Group

▪ Mondelez International, Inc.

▪ The Hershey Company

▪ Mars, Incorporated

▪ Nestlé S.A.

▪ Crown Confectionery Co., Ltd.

▪ Kellogg Company

▪ Grupo Arcor S.A.

▪ Lotte Confectionery Co., Ltd.

▪ Meiji Holdings Co., Ltd.

▪ World Bank

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases

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Industry Brief

According to TechSci Research report, “Global Candy Market By Product Type (Sugar Candy, Chocolate Candy & Gum Candy), By Distribution Channel

(Convenience Stores, Traditional Grocery Stores, Supermarkets/Hypermarkets, Online Sales Channel & Departmental Store), By Region, Competition, Forecast

& Opportunities, 2026”, the global candy market is expected to grow at a CAGR of more than 5% during the forecast period on account of the rising popularity of

chocolate products, increasing disposable income and expenditure and rapid urbanization. However, rising health consciousness might hamper the growth of

the market. To deal with this, manufacturers are coming up with sugar-free and low-calorie candies. For instance, Sejoyia Foods has launched two new flavors,

i.e., Coconut Cashew, and Coco-Roons. Coco-Roons gives an indulgent taste in a cookie with no refined sugar and no added gluten. The global candy market

can be segmented based on product type, distribution channel and region. In terms of product type, the market can be categorized into sugar candy, chocolate

candy and gum candy. Among these, the sugar candy segment is likely to record a higher growth rate due to changing consumer preferences towards sugar-

free and low-calorie candies. On the basis of regions, the global candy market can be segmented into North America, South America, Europe, Asia-Pacific and

Middle East & Africa. Industrial demand is likely to become severe, owing to rising consumer health issues, fluctuating tendencies, falling sugar prices, and

increasing incidences of dental problems due to high candy consumption. Promoting the marketing of health-improving goods by corporations is also playing a

significant role in the market growth. As candies contain a large amount of sugar, they are also directly linked to diabetes and obesity. The creation of low-calorie

and sugar-free candy alternatives is expected to resolve this issue. For instance, Nestlé S.A. introduced KitKats in various flavors such as dark chocolate and

green tea to stay ahead in the market. Moreover, the introduction of organic contents, healthy nuts, and alcohol flavor is further fueling the growth of the global

candy market. However, due to the growing consolidation and continuous investment for the enhancement of candy products by prominent multinational

corporations, the success of the worldwide candy industry is expected to gain momentum. Candy manufacturers are also likely to create healthy substitutes for

candies to moderate the adverse awareness of the customers.

North America is projected to hold the largest market share in the global candy market by 2026, owing to the existence of key players in the region, as well as a

large customer base for the candy market. Asia-Pacific is likely to witness the highest revenue growth, owing to fluctuations in eating habits, lifestyles and rising

population with increasing consumption of candies, especially in China and India.

Perfetti Van Melle Group, Mondelez International, Inc., The Hershey Company, Mars, Incorporated, Nestlé S.A., Crown Confectionery Co., Ltd., Kellogg

Company, Grupo Arcor S.A., Lotte Confectionery Co., Ltd., and Meiji Holdings Co., Ltd. are some of the leading players operating in the global candy market.

Major candy companies are expanding their manufacturing bases to meet the rising demand across developing countries in North America, APAC, Middle East

& Africa, and South America.

The global candy market is competitive in nature with the presence and minimal market share of domestic companies in countries such as China and India.

Above all other aspects, launching of a new product has become the most critical strategy, due to the rapidly changing nature, taste and preferences of the

consumers. Also, businesses have embraced growth through mergers and acquisitions by multinational companies, which has proven to be successful in

making their presence stronger. It can also be a great opportunity for the key players to grow their sales by adding value ingredients and other nutrients in

candies.

“The global candy market is anticipated to grow over 5% during the next five years due to growing consumer base and increasing disposable income. Moreover,

product innovation and high demand for candies during the festive season are further anticipated to positively influence the growth of the market through 2026.”

said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

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Sample Data - Snapshot

Global Candy Market Size, By Value (USD Million), 2016–2026F

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

2016 2020 2021E 2026FCAGR By ValueCAGR By Value

YY%XX%

33%33%

33%

33%

33%

33%

33%

33%

33%

33%

33%

34%34%

34%

34%

34%

34%

34%

34%

34%

34%

34%

33%33%

33%

33%

33%

33%

33%

33%

33%

33%

33%

2016

2017

2018

2019

2020

2021E

2022F

2023F

2024F

2025F

2026F

Sugar Candy Chocolate Candy Gum Candy

Europe Candy Market Share, By Product Type, By Value, 2016–2026F

25%25%25%25%25%25%25%25%25%25%25%

25%25%25%25%25%25%25%25%25%25%25%

20%20%20%20%20%20%20%20%20%20%20%

20%20%20%20%20%20%20%20%20%20%20%

10%10%10%10%10%10%10%10%10%10%10%

2016

2017

2018

2019

2020

2021E

2022F

2023F

2024F

2025F

2026F

Convenience Stores Tradition Grocery Stores Supermarkets/Hypermarkets

Online Sales Channel Departmental Stores

Germany Candy Market Share, By Distribution Channel, By Value, 2016–2026F

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FORECAST & OPPORTUNITIES

2016 – 2026

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About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in

number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The

proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’

model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich

evaluation of the opportunities available in the market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considersreliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors oromissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of thisreport. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative marketsize and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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