Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 12.1 Billion | USD 15.1 Billion | 10.1% | 2022 |
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 projected to expand over 2023-2030 due to a surge in consumption of sugar-free candies owing to conscience among consumers to stay fit and healthy. The rise in urbanization and increasing per capita income are some of the major factors bolstering the growth of candy market.
According to study, the global candy market size was $12.1 billion in 2022 and is projected to reach $15.1 billion by the end of 2030.
The global Candy market is anticipated to record a CAGR of nearly 10.1% from 2023 to 2030.
The Asia-Pacific candy industry is set to register the fastest CAGR over the forecasting period subject to growing globalization, urbanization, rising purchasing power, and an increase in product demand from children and youth.
The global candy market is led by industry players such as 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.).
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