Candy market, as part of the confectionery industry, is seasonal with a huge demand during the festive seasons. Mars leads the global market, followed by MondelÃ©z. In the US, Hershey leads the market with more than 30% share. The global candy market was valued at USD 82.5 billion in 2015 and is further expected to grow at a CAGR of 3.5% during the period 2016-2021.
The candy market has two major segments, chocolate candy, and non-chocolate candy. Chocolate candies contain either chocolate or cocoa products, and the non-chocolate candies contain confectionary products that do not include chocolate. The report segments the non-chocolate candy market by the product type into caramels, chocolate, gummies, hard candies, licorice, lollipops and sours, chewing gums, cotton candy, etc. The global candy market is further segmented by the distribution channel into super markets/hyper markets, convenience stores, grocery stores, online, and others
The global candy market has been geographically segmented into North America, Europe, South America, Africa, and Asia-Pacific. North America is the major contributor regarding revenue, followed by Europe. The United States alone generates a demand of more than 7.7 billion pounds every year. The growth of the market continues in the Asia-Pacific region led by populated nations like China and India. This is attributed to the increase in disposable income and change in tastes.
The market for candies is highly fragmented due to a large number of local and international suppliers. The vendors compete for innovation, pricing, and distribution. While on the global platform, the top five companies account for half of the industry revenues, small and medium firms from Europe also have significant global presence.
Some of the major players in the market include
- MondelÃ©z International Inc.
Market analysis for the global candy market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global candy market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is growing and also to identify the regions that are still untapped
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach & Methodology
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. Key Findings of the Study
4. Market Dynamics
4.1.1 Rise in Disposable Income
4.1.2 Urbanization Driving Market Growth
4.2.1 Growing Health Concerns
4.2.2 Government Regulations
4.3.1 Product Innovation
4.3.2 Growth of Market in Asia-Pacific Region
4.4 Porter Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Chocolate Candy
5.1.2 Non-chocolate Candy
184.108.40.206 Hard Rolled Candies
220.127.116.11 Breath Sweeteners
18.104.22.168 Dietetic Candy
22.214.171.124 Lollipops and Sours
126.96.36.199 Chewing Gums
188.8.131.52 Cotton Candy
5.2 By Distribution Channel
5.2.1 Super Markets/ Hyper Markets
5.2.2 Convenience Stores
5.2.3 Grocery Stores
5.3 By Geography
5.3.1 North America
5.3.4 South America
184.108.40.206 South Africa
6. Competitive Landscape
6.1 Most Adopted Strategies
6.2 Most Active Companies
6.3 Market Share Analysis
7. Company Profiles
7.2 August Storck KG
7.3 Bourbon Corp.
7.5 Chocoladefabriken Lindt & Sprungli AG
7.6 CRM Group
7.7 Crown Confectionery Co. Ltd.
7.8 DeMet Candy Co.
7.9 Ezaki Glico Co. Ltd.
7.10 Ferrara Candy Co.
7.11 Ferrero Group
7.12 General Mills
7.13 Haribo GmbH & Co. K.G.
7.14 Hershey Co.
7.15 Lotte Confectionery Co. Ltd.
7.16 Mars Inc.
7.17 Meiji Co. Ltd.
7.18 MondelÃ©z International Inc.
7.19 Morinaga & Co. Ltd.
7.20 NestlÃ© SA
7.21 Orion Corp.
7.22 Perfetti Van Melle Spa
7.23 Roshen Confectionery Corp.
7.24 United Confectionary Manufacturers
7.25 Yildiz Holding