How big is the Candy Market?

The Candy Market size is expected to reach USD 69.20 billion in 2024 and grow at a CAGR of 3.82% to reach USD 83.46 billion by 2029. Read More

What is the current Candy Market size?

In 2024, the Candy Market size is expected to reach USD 69.20 billion. Read More

Who are the key players in Candy Market?

The Hershey Company, Nestle SA, Perfetti Van Melle Group B.V., Mondelez International, Inc. and Mars, Incorporated are the major companies operating in the Candy Market. Read More

Which is the fastest growing region in Candy Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Candy Market?

In 2024, the Asia-Pacific accounts for the largest market share in Candy Market. Read More

What years does this Candy Market cover, and what was the market size in 2023?

In 2023, the Candy Market size was estimated at USD 66.65 billion. The report covers the Candy Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Candy Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the challenges faced by the Global Candy Industry?

The challenges faced by the Global Candy Industry are a) Rising sugar prices b) Health consciousness c) Competition from substitutes Read More

Candy Market Trends, Share, Analysis & Industry Statistics

Candy Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Candy Industry is segmented by Type (Chocolate Candy and Non-chocolate Candy); Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialist Retailers, Online Retail, and Other Distribution Channels); and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers market size and values in (USD million) during the forecasted years for all the above segments.

Candy Industry Overview

Based on the nature of the market, the global candy market is very competitive and is marked by the presence of a large number of domestic companies capturing a prominent share in the market. Some of the prominent players include Perfetti Van Melle Group BV, Mondelez International Inc., Mars Incorporated, and The Hershey Company, among others. Owing to the rapidly developing nature of the market, launching a new product has become one of the most important strategies to gain a competitive edge. The players in the market have also been adopting expansion as a key strategy, followed by mergers and acquisitions. These strategic moves have proven to be successful for global players seeking to strengthen their presence in the market.