Candy and snack food market segments for pouches include: savory snacks (e.g., cheese and vegetable puffs, popped popcorn, potato chips, pretzels, tortilla and corn chips, vegetable chips) candy and confections, including chocolate and non-chocolate candy, chewing gum, and mints In May 2016, DeMet’s Candy Company launched a new product, TURTLES Double Chocolate. With rising consumer spending, there arises a huge demand for consumer goods. In addition, dark chocolates possess huge health benefits due to the cocoa content. In this country, consumer expenditure has increased from USD 11,852.96 billion in the second quarter to USD 11,916.58 billion in the third quarter of 2017. COVID-19. Our support available to help you 24 hours a day, five days a week. Please wait while we are processing your request... U.S. Candy Market Size & Share, Industry Analysis Report, 2018-2025, Request discounts available for Start-Ups & Universities. Design an exclusive study to serve your research needs. For the purpose of this study, Grand View Research has segmented the U.S. candy market on the basis of product, and end use: Product Outlook (Revenue, USD Billion; 2014 - 2025), End-Use Outlook (Revenue, USD Billion; 2014 - 2025), We never share your personal data. These stores are smaller in size as compared to the supermarkets. Chocolate flavor has many health benefits, such as it helps in reducing mortality rates, and also aids in treating diseases like bronchitis and depression. The global candy market has been segmented on the basis of the presence of chocolate. In May 2017, Ferrara Candy Company announced the grand re-opening of its candy store in the U.S. But people have ventured out more in recent months, allowing sales at movie theaters and vending machines to recover some, said Hershey’s Chief Executive Michele Buck. We stand by our report quality. Retail sales of Hershey’s chocolate brands jumped nearly 10% in its latest quarter. Candy Industry | B2B for the global confectionery industry This website requires certain cookies to work and uses other cookies to help you have the best experience. Grocery stores comprise a limited number of products, thus, pose to be disadvantageous as compared to the supermarkets. online dashboard trial. Global Candy Market: Overview . The average household will spend $44 just to purchase Halloween candy. Peppermint candies aid in digestion and treatment of upset stomach. U.S. Candy Market Size, Share & Trends Analysis Report By Product (Chocolate, Non-Chocolate Candy), By End Use, Competitive Landscape, And Segment Forecasts, 2018 - 2025 Published Date: Jan, 2018 Base Year for Estimate: 2016 Market Definition: Global Candy Market. According to the U.S. Census Bureau, in the year 2016, children aged 0-17 years accounted for 73.6 million populations. With a wide portfolio of well-known brands, these companies are dominating the candy market. Hershey’s third-quarter profit and revenue topped analysts’ expectations. The global Vitamin C Candy market has different types of … Thus, this alternative improves the cognizance of the customers, allowing them to enhance their awareness levels, thus, creating lucrative opportunities for this market segment. The market growth is attributed to growing vegan population, booming candy industry, rising awareness regarding the side effects of chocolate consumption, and increasing consumer spending. The other end-use segment includes small-sized grocery stores and specialty stores. Amidst the global pandemic crisis and the indefinite lockdown across nations, the consumer food & beverage industry first witnessed high demand for household staples, healthy food items, and consumables with longer shelf lives. On the basis of product type, chocolate candies dominated the market in 2016 owing to the health benefits associated with it. Mars leads the global market, followed by Mondeléz. NCA’s Sweet Insights: State of Treating 2020 report explores category performance data, primary consumer research and thoughtful analysis of the trends essential for confectionery manufacturers and retailers to understand the confectionery market and our unique value proposition. 20% off entire Cyber Week order - Target promo code, 40% off shoes with Foot Locker promo code, Save up to 70% with Macy's Coupon + Cyber Week Specials, Get a 20% American Eagle coupon with your new AEO Connected credit card, Download the mobile App for free Nordstrom coupons, $20 off $200 during Cyber Week sale - Saks Fifth Avenue coupon, Trump Says He Will Leave White House if Electoral College Selects Biden, Options Trading Is More Popular Than Ever Despite the Risks, U.K. Green Lights Pfizer and BioNTech’s Covid-19 Vaccine, Why TikTok Has Become a Launchpad for Entrepreneurs, AMC: From Silver Screen Giant to Box-Office Flop, News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Companies are also engaged in new product launch, which is further boosting the market demand for candies. The company’s store on the Las Vegas Strip in Nevada. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. We have also focused on SWOT, PESTLE, and Porter’s Five Forces analyses of the global Sugar Candy market. According to FMI, North America will account for the leading share in the global licorice candies market through the course of the report’s forecast period. Research Corridor new comprehensive study on candy market offers in-depth analysis on industry trends, market size, competitive analysis and market forecast - 2020 to 2027. The key players are focusing on strategic initiatives such as collaborations/partnerships, product innovations, and geographic expansions. In 2019, the chocolate segment accounted for the highest confectionery market share. Bangladesh candy market is consolidated and global brands, such as PRAN Rfl Group and Perfetti Van Melle dominate the market. This report forecasts revenue growth at global, regional, & country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2014 to 2025. The growing availability of different varieties of candies, both chocolate as well as non-chocolate candies has led to their high demand among the children. BBX Capital acquired largest specialty candy retailer IT’SUGAR for USD 57 million. Product innovation also aimed at addressing the growing health issues pertaining to candy consumption, such as diabetes. North America’s fondness for licorice shows no signs of slowing. Manufacturers also indulge in innovative marketing strategies to lure their target customers as children are considered as a very influential group of population. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". On the other hand, specialty stores offer only a single product category or related products. Presently, most companies in the industry are faced with low consumption of their products and supply chain challenges. This website is secure and your personal details are safe. Global candy market is set to witness a steady CAGR of 3.5% in the forecast period of 2019- 2026.The report contains data of the base year 2018 and historic year 2017. These stores also offer a wide variety of candies for the customers to choose from a single store. Hence, the aforementioned factors are driving the growth of the market. In the US, Hershey leads the market with more than 30% share. In 2016, super/hypermarkets held the largest market share owing to huge penetration of such stores in the U.S. Market Street Candy Dress. Will the coronavirus pandemic lead to long-term changes in … All interactions are confidential. Request A Callback Download Sample. The companies are focusing more on altering their supply chains in order to reinforce their online presence and delivery measures, in an attempt to adapt to the present business environment. Convenience stores held significant shares in 2016. #2. Candy production is mainly a seasonal business, with the majority of those involved in the market normally doubling their staffs during the winter months. No other consumer products enjoy the universal appeal of chocolate and candy. This report has a service guarantee. According to CalorieKing.com, caramel candies contain around 7.8g of carbohydrates and 0.5g of protein, which provides energy to the body.