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Candy Market to see Rapid Growth by 2028
The global candy market is anticipated to grow at a modest CAGR during the forecast period. Candy is a type of sugar-based confections that are available in both chocolate and non-chocolate forms. In addition to this, candy nowadays is also added with additional nuts, fruits, and almonds among others to enhance its flavor offerings. Hence, the market is majorly fueled by the increasing inclination of consumers towards sweets treats coupled with the availability of both chocolate and non-chocolate candy options. Additionally, the increasing emphasis of candy manufacturers to include seasonal as well as festive flavors in their product offering is also driving the adoption of candies all across the globe.
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In addition to this, the significant shift in the consumer's preference towards the health-conscious candies is driving manufacturers to include innovative vegan and diet-candy options into their product portfolio. Moreover, the rising disposable income of the people across the globe will preferably aid in the growth of the candy market. However, candies contain sugar which is directly connected to diabetes and obesity-related health problems. Hence, the sugar content of the candy will restraint the adoption of candy as the prevalence of diabetes is continuously raising across the globe. Sugar-free candies will find significant market growth in the near future.
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· Market Coverage
· Market number available for – 2022-2028
· Base year- 2021
· Forecast period- 2022-2028
· Segment Covered- By Source, By Product Type, By Applications
· Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
· Inc., and others
Market Segmentation
Global Candy Market by Type
o Hard-Boiled Candies
o Pastilles, Gums, Jellies, and Chews
o Toffees
o Lollipop, Twist & Stick candy
o Others
Global Candy Market by Flavor
o Caramel
o Chocolate
o Mint
o Coffee
o Fruits
o Other (Coconut, Butterscotch)
Global Candy Market by Distribution Channel
o Supermarkets/ Hypermarkets
o Convenience Stores
o Online Channel
Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
o Rest of the World
Company Profiles
o Arcor S.A.IC
o August Storck KG
o Behave Foods, Inc.
o Bourbon Corp.
o Chocoladefabriken Lindt & Sprüngli AG
o Chocolat Frey AG
o Conscious Candy Co.
o Derby
o EZAKI GLICO CO., LTD.
o Ferrara Candy Co.
o Ferrero SpA
o General Mills Inc.
o HARIBO GmbH & Co. KG
o Mars, Inc. (NA)
o Meiji Holdings Co., Ltd.
o Mondelez Global LLC
o MORINAGA & CO., LTD.
o Nestle S.A.
o Parle Products Pvt. Ltd.
o Perfetti Van Melle Group B.V.
o ROSHEN Corp.
o SmartSweets Inc.
o Suncrest Food Makers
o The Hershey Co.
o Valeo Foods Group
o Dylan's Candy Bar
o Perfetti Van Melle Group BV
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Candy market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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