Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 14.76 Billion | USD 39.84 Billion | 10.44% | 2024 |
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.
The report explores crucial aspects of the candy market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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