Candy Market Size Was Valued at USD 66.65 Billion in 2023, and is Projected to Reach USD 93.40 Billion by 2032, Growing at a CAGR of 3.82% From 2024-2032.

The confectionery sector is vast and varied, covering a broad spectrum of sweets, from chocolates and hard candies to gum and jelly beans, among others. This sector is propelled by consumer desires for luxury, ease, and diversity. Notable developments in the sector include the increasing appeal of high-end and craft candies, a greater emphasis on health and natural components, and the expansion of online shopping platforms. It is categorized by the type of product, the method of distribution (such as retail, online, and vending machines), and geographical location. Leading companies in this sector are Mars, Mondelez International, Ferrero, Nestlé, and Hershey's.

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Key Prominent Players In The Candy Market:

• The Hershey Company
• Nestle SA
• Perfetti Van Melle Group B.V.
• Mondelez International, Inc.
• Mars, Incorporated
• Other Key Players

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Global Candy Market Segmentation:

By Type          

• Chocolate Candy
• Non-chocolate Candy
• Hard Boiled Candies
• Pastilles, Gums, Jellies, and Chews
• Toffees, Caramels, and Nougat
• Mints
• Other Non-chocolate Candies

By Distribution Channel       

• Supermarkets/Hypermarkets
• Convenience Stores
• Specalist Retailers
• Online Retail
• Other Distribution Channels

 Geographic Segment Covered in the Report:

• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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Candy Market Trend Analysis

Premiumization: Consumers are increasingly seeking premium and artisanal candies made with high-quality ingredients and unique flavors.

Health-consciousness: There is a growing demand for healthier candy options, such as sugar-free, low-calorie, and natural candies.

E-commerce growth: Online channels are becoming increasingly important for candy sales, as consumers seek convenience and a wider variety of options.

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