Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 14.76 Billion | USD 39.84 Billion | 10.44% | 2024 |
The global candy market size was worth around USD 14.76 Billion in 2024 and is predicted to grow to around USD 39.84 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 10.44% between 2025 and 2034. The report analyzes the global candy market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the candy industry.
Candy is a confectionary that includes sugar as its key ingredient. Moreover, the category which is also referred to as sugar confectionery comprises sweet confection that includes chewing gum, chocolate, and sugar candy. Furthermore, candy is characterized by the utilization of a substantial proportion of sugar or its substitutes. For the record, the main audience for the product is children and youth.
Growing consumption of chocolate candies to embellish the global market trends
Escalating demand for chocolate candies is predicted to boost the expansion of the global candy market. Rise in urbanization and increasing per capita income are some of the major factors bolstering the growth of the candy market. In addition to this, a prominent increase in the young population and the growing popularity of dark chocolate are some other indirect factors for the growth of the candy market growth. Surge in the consumption of sugar-free candies owing to conscience among consumers to stay fit and healthy will embellish the growth of the candy market.
Furthermore, the large-scale presence of non-chocolate as well as chocolate candies manufacturers across the globe will steer the expansion of the candy market across the globe. In addition to this, the rise in the intake of dark chocolate offering numerous health benefits will boost the global market trends.
High sugar ingredients present in candies to put brakes on the global industry surge
Presence of high sugar content in candies with the rise in the incidences of dental issues and obesity owing to a massive intake of these products can deter the growth of the global candy industry. Moreover, the rise in tooth infections in kids has inhibited product demand in recent years.
Easy access to candies in supermarkets & hypermarkets to open new growth opportunities for the global market
Increase in the number of smokers has led to a massive intake of chew candies, thereby creating new growth opportunities for the global candy industry. Rise in the number of supermarkets & hypermarkets across the globe and the easy availability of candies in these superstores will open new avenues of growth for the industry across the globe.
Huge costs of raw components used in manufacture of products to put a big challenge for the global industry
High raw material costs along with huge product transportation costs have put a big challenge in the growth path of the global candy industry. Apart from this, disruption in the supply chain activities leading to low supply & less availability of products in the market can prove to be one of the biggest hurdles in the growth path of the industry across the globe.
Report Attributes | Report Details |
---|---|
Report Name | Candy Market |
Market Size in 2024 | USD 14.76 Billion |
Market Forecast in 2034 | USD 39.84 Billion |
Growth Rate | CAGR of 10.44% |
Number of Pages | 214 |
Key Companies Covered | Palmer-candy (U.S.), Candy Rush Muskoka (Canada), Sweet Candy Company (U.S.), Meiji Holdings Co., Ltd (Japan), THE HERSHEY COMPANY (U.S.), Nestlé (Switzerland), Cloetta (Sweden), Mondelez International (U.S.), Ferrero (Italy), Mars, Incorporated (U.S.), Pladis Global (UK), LOTTE CONFECTIONERY CO.LTD (South Korea), Storck (German), Perfetti Van Melle (Netherland), General Mills Inc. (U.S.), Arcor (Argentina), THE BANG CANDY COMPANY(U.S.), Quality Candy Company (U.S.), SUGARFINA USA LLC (U.S.), HARIBO GmbH & Co. KG (Germany), and Jelly Belly Candy Company (U.S.)., and others. |
Segments Covered | By Type, By Flavor, By Age Group, By Distribution Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global candy market is segmented based on Type, Flavor, Age Group, Distribution Channel, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2025 to 2034.
Based on Type, the global candy market is divided into Chocolate, Non-chocolate, Chewing Gum, Hard Candies, Gummies & Jellies, Lollipops.
On the basis of Flavor, the global candy market is bifurcated into Fruit, Mint, Caramel, Coffee, Others.
By Age Group, the global candy market is split into Children, Adults.
In terms of Distribution Channel, the global candy market is categorized into Supermarkets/Hypermarkets, Convenience Stores, Online Retail, Specialty Stores.
The Regional, this segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America,and the Middle East and Africa.
The global candy market shows significant regional variation: North America leads, holding around 35–39 % of global candy sales thanks to high disposable incomes, strong holiday-driven demand (e.g., Halloween, Valentine’s Day), and innovation in premium and artisanal candies. Asia‑Pacific is the fastest-growing, expanding at about 8–8.2 % CAGR, propelled by urbanization, rising middle classes in China and India, and the adoption of Western-style snacking via both modern retail and online channels. Europe, Latin America, and MEA are growing steadily—Europe through demand for premium, sustainable treats; Latin America via cultural sweetness affinity and rising incomes; and MEA spurred by urbanization and young demographics—adding diversity and opportunity across global markets
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the candy market on a global and regional basis.
The global candy market is dominated by players like:
The global candy market is segmented as follows;
By Type
By Flavor
By Age Group
By Distribution Channel
FrequentlyAsked Questions
Candy is a confectionary that includes sugar as its key ingredient. Moreover, the category which is also referred to as sugar confectionary comprises sweet confection that includes chewing gum, chocolate, and sugar candy. Furthermore, candy is characterized by the utilization of a substantial proportion of sugar or its substitutes. For the record, the main audience for the product is children and youth.
The global candy market is expected to grow due to Rising consumption of confectionery and product innovation in flavors and packaging drive growth.
According to a study, the global candy market size was worth around USD 14.76 Billion in 2024 and is expected to reach USD 39.84 Billion by 2034.
The global candy market is expected to grow at a CAGR of 10.44% during the forecast period.
North America is expected to dominate the candy market over the forecast period.
Leading players in the global candy market include Palmer-candy (U.S.), Candy Rush Muskoka (Canada), Sweet Candy Company (U.S.), Meiji Holdings Co., Ltd (Japan), THE HERSHEY COMPANY (U.S.), Nestlé (Switzerland), Cloetta (Sweden), Mondelez International (U.S.), Ferrero (Italy), Mars, Incorporated (U.S.), Pladis Global (UK), LOTTE CONFECTIONERY CO.LTD (South Korea), Storck (German), Perfetti Van Melle (Netherland), General Mills Inc. (U.S.), Arcor (Argentina), THE BANG CANDY COMPANY(U.S.), Quality Candy Company (U.S.), SUGARFINA USA LLC (U.S.), HARIBO GmbH & Co. KG (Germany), and Jelly Belly Candy Company (U.S.)., among others.
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