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Global Candy Market is segmented by Chocolate Candy and Non-Chocolate Candy by Boiled sweets, Toffees, Caramels and Nougat, Pastilles, Gums, Jellies and Chews, Mints, Others; by Distribution as Supermarkets/Hypermarkets, Specialist Stores, Convenience Stores, Online Stores, and Others; by Geography
Fastest Growing Market:
Middle East and Africa
The global candy market is projected to register a CAGR of 3.99% during the forecast period.
The global candy market is segmented by chocolate candy and non-chocolate candy by boiled sweets, toffees, caramels and nougat, pastilles, gums, jellies and chews, mints, and other. Other types include liquorice, lollipops and medicated confectionery.
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Non-chocolate candies are observing high growth in the global market, owing to the recent developments in the candy flavors, its appearance and mouth-feel. The majority of the manufacturers are focusing on product development in line with organic food culture across the world. Further, due to constant emphasis on clean-labeled products and stricter government regulation on the amount of sugar content in food products, organic, vegan, GMO-free, sugar-free, and kosher food colors, sweeteners and other ingredients are being used while manufacturing candies, that is likely to contribute to the growth of the category.
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The Asia Pacific leads the global candy sales followed by North America. The target population for the candy market is primarily children and young population. The growing population in emerging economies has led to the high demand for candies, fuelled by impulsive purchase behaviour of consumers. Developing economies, where per capita candy consumption is very low compared to their western counterparts is slowing increasing. Many countries are witnessing campaigns and media advertisements related to innovative candy products which are directly impacting the sales rate of sugar-based confectionary. Companies are increasingly launching products with innovative flavours such as raw mango, Tamarind, Strawberry etc to woo consumers.
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Based on the nature of the market and virtually no entry barriers, candy market globally is very competitive with a huge number of domestic companies capturing minimal share in the market. Owing to the rapidly developing nature of the market, launching a new product has become the most important strategy, among all. Companies have adopted expansion as the key strategy, followed by mergers and acquisitions. This attempt of global players has proven successful in making their presence stronger with high market share with these mergers and expansions.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Chocolate Candy
5.1.2 Non-Chocolate Candy
22.214.171.124 Hard Boiled Candies
126.96.36.199 Pastilles, Gums, Jellies and Chews
188.8.131.52 Toffees, Caramels and Nougat
5.2 By Distribution
5.2.1 Supermarkets and Hypermarkets
5.2.2 Convenience Stores
5.2.3 Specalist Retailers
5.2.4 Online Retail
5.3.1 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 Rest of Asia-Pacific
5.3.4 South America
188.8.131.52 Rest of South America
5.3.5 Middle East and Africa
184.108.40.206 United Arab Emirates
220.127.116.11 Saudi Arabia
18.104.22.168 South Africa
22.214.171.124 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Market Share Analysis
6.3 Strategies adapted by Leading companies
6.4 Company Profiles
6.4.1 Perfetti Van Melle Group B.V.
6.4.2 Mondelez International, Inc.,
6.4.3 Mars, Incorporated
6.4.4 Haribo GmbH & Co. KG
6.4.5 Nestle S.A.
6.4.6 The Hershey Company
6.4.7 Ferrero Group
6.4.8 Cloetta Ab
6.4.9 Grupo Arcor
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability