GLOBAL CANDY MARKET

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GLOBAL CANDY MARKET

FORECAST & OPPORTUNITIES

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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 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. In terms of product type, the candy market is categorized into

sugar 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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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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6. Asia-Pacific Candy Market Outlook 6.1. Market Size & Forecast

6.1.1. By Value 6.2. Market Share & Forecast

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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6.3.2.1. Market Size & Forecast 6.3.2.1.1. By Value 6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Product Type

6.3.2.2.2. By Distribution Channel 6.3.3. Japan Candy Market Outlook

6.3.3.1. Market Size & Forecast 6.3.3.1.1. By Value 6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Product Type

6.3.3.2.2. By Distribution Channel 6.3.4. South Korea Candy Market Outlook

6.3.4.1. Market Size & Forecast 6.3.4.1.1. By Value 6.3.4.2. Market Share & Forecast

6.3.4.2.1. By Product Type

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6.3.5. Indonesia Candy Market Outlook

6.3.5.1. Market Size & Forecast

6.3.5.1.1. By Value 6.3.5.2. Market Share & Forecast

6.3.5.2.1. By Product Type

6.3.5.2.2. By Distribution Channel 7. Europe Candy Market Outlook

7.1. Market Size & Forecast 7.1.1. By Value

7.2. Market Share & Forecast 7.2.1. By Product Type

7.2.2. By Distribution Channel

7.2.3. By Country 7.3. Europe: Country Analysis

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7.3.1. France Candy Market Outlook 7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value 7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Product Type

7.3.1.2.2. By Distribution Channel 7.3.2. Germany Candy Market Outlook

7.3.2.1. Market Size & Forecast 7.3.2.1.1. By Value 7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Product Type

7.3.2.2.2. By Distribution Channel 7.3.3. United Kingdom Candy Market Outlook

7.3.3.1. Market Size & Forecast 7.3.3.1.1. By Value 7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Product Type

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S. No. Contents Page No. 7.3.4. Italy Candy Market Outlook

7.3.4.1. Market Size & Forecast 7.3.4.1.1. By Value 7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Product Type

7.3.4.2.2. By Distribution Channel 7.3.5. Russia Candy Market Outlook

7.3.5.1. Market Size & Forecast 7.3.5.1.1. By Value 7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Product Type

7.3.5.2.2. By Distribution Channel 8. North America Candy Market Outlook

8.1. Market Size & Forecast 8.1.1. By Value 8.2. Market Share & Forecast

8.2.1. By Product Type 8.2.2. By Distribution Channel 8.2.3. By Country

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S. No. Contents Page No. 8.3. North America: Country Analysis

8.3.1. United States Candy Market Outlook 8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value 8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Product Type

8.3.1.2.2. By Distribution Channel 8.3.2. Mexico Candy Market Outlook

8.3.2.1. Market Size & Forecast 8.3.2.1.1. By Value 8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Product Type

8.3.2.2.2. By Distribution Channel 8.3.3. Canada Candy Market Outlook

8.3.3.1. Market Size & Forecast 8.3.3.1.1. By Value 8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Product Type

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9. South America Candy Market Outlook 9.1. Market Size & Forecast

9.1.1. By Value 9.2. Market Share & Forecast

9.2.1. By Product Type

9.2.2. By Distribution Channel 9.2.3. By Country

9.3. South America: Country Analysis 9.3.1. Brazil Candy Market Outlook

9.3.1.1. Market Size & Forecast 9.3.1.1.1 By Value 9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Product Type

9.3.1.2.2. By Distribution Channel 9.3.2. Argentina Candy Market Outlook

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9.3.2.1. Market Size & Forecast 9.3.2.1.1 By Value 9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Product Type

9.3.2.2.2. By Distribution Channel 9.3.3. Colombia Candy Market Outlook

9.3.3.1. Market Size & Forecast 9.3.3.1.1 By Value 9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Product Type

9.3.3.2.2. By Distribution Channel 10. Middle East & Africa Candy Market Outlook

10.1. Market Size & Forecast 10.1.1. By Value 10.2. Market Share & Forecast

10.2.1. By Product Type

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S. No. Contents Page No. 10.3. Middle East & Africa : Country Analysis

10.3.1. South Africa Candy Market Outlook 10.4.1.1. Market Size & Forecast

10.3.1.1.1. By Value 10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Product Type

10.3.1.2.2. By Distribution Channel 10.3.2. Saudi Arabia Candy Market Outlook

10.3.2.1. Market Size & Forecast 10.3.2.1.1. By Value 10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Product Type

10.3.2.2.2. By Distribution Channel 10.3.3. UAE Candy Market Outlook

10.3.3.1. Market Size & Forecast 10.3.3.1.1. By Value 10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Product Type

10.3.3.2.2. By Distribution Channel

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S. No. Contents Page No. 10.3.4. Qatar Candy Market Outlook

10.3.4.1. Market Size & Forecast 10.3.4.1.1. By Value 10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Product Type

10.3.4.2.2. By Distribution Channel 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

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S. No. Contents Page No.

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

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RESEARCH METHODOLOGY

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Identifying Key Opinion Leaders

Questionnaire Design

In-depth Interviews Data Collection Developing List

of Respondents Formulating

Questionnaire Market

Profiling ValidationData

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

Actionable

Insights 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-

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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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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,

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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 CAGR By Value 2020 2021E CAGR By Value 2026F

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%

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

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

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

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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Report Name: GLOBAL CANDY MARKET

FORECAST & OPPORTUNITIES

2016 – 2026

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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 considers

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