DUBLIN--(BUSINESS WIRE)--The "Global Candy Market, By Product Type (Sugar Candy, Chocolate Candy & Gum Candy), By Distribution Channels (Convenience Stores, Traditional Grocery Stores, Supermarkets/Hypermarkets, etc), By Region, Competition Forecast & Opportunities, 2016-2026" report has been added to ResearchAndMarkets.com's offering.
The Global Candy Market is anticipated to reach over USD70 billion by the end of 2026 and grow at a CAGR of over 5% during the forecast period owing to increasing innovation in existing products and rising demand for chocolate products globally.
However, rising health concerns about diseases like obesity and diabetes are somewhat inhibiting the growth of the global candy market.
To tackle this situation, sugar-free and low-calorie candies are being manufactured by the companies. Major challenges faced by the industry include rising government regulations, changing end-user preferences and health issues, which might hamper the growth of the market through 2026.
The Global Candy Market can be segregated based on type, distribution channels and region. In terms of type, it is the sugar candy that dominates the Global Candy Market and is expected to maintain its dominance during the forthcoming years as well owing to the continuous launch of innovative products as well as aggressive branding initiatives undertaken by leading market players.
While considering the distribution channels, in 2020, the departmental stores accounted for a majority share in the Global Candy Market; however, the online sales channel is expected to increase at a rapid pace during the forecast period.
In terms of region, the Global Candy Market is categorized into North America, South America, Europe, Asia-Pacific and Middle East & Africa.
Among these regions, North America, followed by Europe, is the major contributor based on sales generated and higher demand for candies in these regions. Sugar confectionery consumption dominates Asia-Pacific and the Middle East & Africa due to the lower product cost. Thus, Asia-Pacific region is anticipated to grow at a much faster rate during the forecast period.
The candy market has become an attractive destination for investments and several large multinational companies are entering into this market.
Companies Mentioned
- Perfetti Van Melle Group
- Mondelez International, Inc.
- The Hershey Company
- Mars, Incorporated
- Nestle S.A.
- Crown Confectionery Co., Ltd.
- Kellogg Co.
- Grupo Arcor S.A.
- Lotte Confectionery Co., Ltd.
- Meiji Holdings Co., Ltd.
Years considered for this report:
- Historical Years: 2016-2019
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022-2026
Report Scope:
Global Candy Market, By Type:
- Sugar Candy
- Chocolate Candy
- Gum Candy
Global Candy Market, By Distribution Channels:
- Convenience Stores
- Traditional Grocery Stores
- Supermarkets/Hypermarkets
- Online Sales Channel
- Departmental Store
Global Candy Market, By Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/3geu4d
