Global Candy Market was valued US$ 217.5 Bn in 2020 and is expected to grow US$ 284.29 Bn by 2027, at a CAGR of 3.9% during the forecast period.
COVID-19 Impact Analysis on Global Candy Market:
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Global Candy Market overview:
The manufacture of candy includes sugar, honey, and other natural or artificial sweeteners along with chocolate, milk, fruits, nuts, or other components that are made in the form of bars, drops, and pieces. Confectioneries are also known as candies. Some candies can provide essential protein, minerals, and vitamins that assist bodybuilding and promote overall wellness.
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Global Candy Market Segmentation:
By product type, chocolate candies contain chocolate as well as cocoa products. The non-chocolate candy market is further separated into hard-boiled candies, pastilles, gums, jellies & chews, toffees, caramels & nougat, mints, and others. The non-chocolate candy market registers the largest growth rate, because of varying consumer inclinations.
Global Candy Market Key Players:
- THE HERSHEY COMPANY • Nestlé • Meiji Holdings Co., Ltd. • General Mills Inc. • Mondelēz International • Kellogg NA Co • Mars, Incorporated • pladis global • LOTTE CONFECTIONARY CO.LTD. • August Storck • Perfetti Van Melle • HARIBO of America, Inc. • Arcor • Ferrero • Cloetta • Sweet Candy Company. • THE BANG CANDY COMPANY • Quality Candy Company • Muskoka Candy Company • The Ferrero Group. • palmer-candy • SUGARFINA INC. • Jelly Belly Candy Company
Global Candy Market Regional Analysis:
Region-wise, North America is expected to hold the largest market share of the global candy market by 2027, because of the existence of key players in countries in the North America region together with the occurrence of the main consumer base for candies. The US only creates a demand of over 7.8 billion pounds annually. The Asia Pacific is likely to witness the fastest growth in terms of revenue, on account of fluctuations in eating ways and fluctuating way of life in countries in the region, like China and India.
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About Report:
The report also helps in understanding global market dynamics, structure by analyzing the market segments and project the global market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.
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