candy market share

The global candy market size is expected to register a significant CAGR during the forecast period 2020 to 2027. Design an exclusive study to serve your research needs. 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. In 2016, super/hypermarkets held the largest market share owing to huge penetration of such stores in the U.S. Increasing consumer spending and growing urbanization have led to a huge growth of the market in the U.S. We stand by our report quality. Confections refer to food items that are rich in sugar and carbohydrates. Chewing gums are expected to show lucrative CAGR over the forecast period. 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. The United States candy market is expected to reach $35 billion by 2016. The company’s store on the Las Vegas Strip in Nevada. The average household will spend $44 just to purchase Halloween candy. 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. Global Candy Market Size, Market Share and Candy Market Growth & Future 2024 By Product Type (Sugar Candy, Chocolate Candy & Gum Candy), By Distribution Channel , By Region, Competition, Forecast & Opportunities, 2024 A popular research firm sounded the buzzer on Amazon’s market share earlier this year only to slash its estimate from 50% to 38%. On the basis of product type, chocolate candies dominated the market in 2016 owing to the health benefits associated with it. Request A Callback Download Sample. #2. The research study is an outcome of e The global Vitamin C Candy market has different types of … 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. These stores are mainly opted due to the fact that they remain open 24 hours. Hershey’s currently holds a 43.8% market share on chocolate products sold at the retail level in the United States. Based on The American Heart Association, saturated fats block the arteries and are recommended to be a maximum of 7% of the overall daily calories. A growing number of new product developments has contributed to the high growth of the candy market. The changes in consumer buying behavior and the dynamic shifts towards online and D2C distribution channels may have serious implications on the near future growth of the industry. Hence, the aforementioned factors are driving the growth of the market. Thus, this alternative improves the cognizance of the customers, allowing them to enhance their awareness levels, thus, creating lucrative opportunities for this market segment. Candies that are sweet and chocolate free are less prone to health hazards. These stores also offer a wide variety of candies for the customers to choose from a single store. Hershey Co. said it gained ground in the U.S. candy market as it adapted to changing consumer behavior during the coronavirus pandemic, in part by making more chocolate bars for s’mores. Thus, this segment generated significant revenue in 2016. Revenue in USD Billion & CAGR from 2017 to 2025, Revenue forecast, company share, competitive landscape, growth factors and trends, 15% free customization scope (equivalent to 5 analyst working days), If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization. Candy Industry Magazine is a business-to-business publication that covers the global confectionery industry from manufacturing to retailing. Companies are also engaged in new product launch, which is further boosting the market demand for candies. The global candy market has been segmented on the basis of the presence of chocolate. Get your queries resolved from an industry expert. 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. of Pages: 202 Base Year for Estimate: 2019 Format: Electronic (PDF) Ask For Discount Need Customization? Mars leads the global market, followed by Mondeléz. North America’s fondness for licorice shows no signs of slowing. A caramel candy contains 0.3g of saturated fat. Some of the key companies of the market include The Hershey Company; Ferrara Candy Co.; Mars Incorporated; Mondeléz International Inc.; DeMet’s Candy Co.; and Nestlé SA. Photo: Ethan We are in compliance with GDPR & CCPR norms. Report ID: 80546 Published Date: Nov 2020 No. For instance, In March 2017, Hershey singed a five-year extended agreement with Turner Sports, CBS Sports, and the NCAA in order to be their official confectionery partner. The other end-use segment includes small-sized grocery stores and specialty stores. Leading players of the global Sugar Candy market are analyzed taking into account their market share, recent developments, new product launches, partnerships, mergers … Please fill out the form below for a free PDF report sample & The global candy market was valued at USD 79.35 billion in 2018 and is further expected to grow at a CAGR of 3.5% during the period 2018-2023. The owner of Reese’s and KitKat has been under pressure as social distancing has resulted in fewer parties and convenience-stores trips to buy candy and snacks. Manufacturers also indulge in innovative marketing strategies to lure their target customers as children are considered as a very influential group of population. 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 Amazon is responsible for 50% of all US eCommerce…BEEP! Some of them include chewy candies, gummy candies, tart candies, and other dairy-free candies. 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 Overview of the Retail Market: It is known that the United States is the undisputed leader of the retail market. In 2019, the chocolate segment accounted for the highest confectionery market share. Non-chocolate candies held significant revenue of the market in 2016 due to the variety of flavors available in the form of hard candies, chewing gums, lollipops, gummies, caramel candies, jelly candies, and many others. Customers prefer such stores depending on the product they tend to buy. However, these stores have high priced products as compared to other stores. Bangladesh candy market is consolidated and global brands, such as PRAN Rfl Group and Perfetti Van Melle dominate the market. Chocolate candies are highly preferred by all age groups. Based on the nature of the market and virtually no entry barriers, candy market globally is very competitive with a huge number of domestic companies capturing minimal share in the market. Copyright © 2020 Grand View Research, Inc. All rights reserved. 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. The lucrative target population for the candy market is the children and the young population. On the other hand, specialty stores offer only a single product category or related products. (Statista) #3. “As we saw consumers shift to more at-home behaviors, we very early on shifted the focus in our portfolio,” Ms. Buck said on a conference call Friday. U.S. candy market was valued at over USD 12.73 billion in 2016 and is expected to witness an attractive growth over the forecast period. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". Cognitive Market Research provides detailed analysis of Licorice Candy in its recently published report titled, "Licorice Candy Market 2027". These stores are smaller in size as compared to the supermarkets. 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. In May 2016, DeMet’s Candy Company launched a new product, TURTLES Double Chocolate. A Gray Media Group, Inc. Station - © 2002-2020 Gray Television, Inc.© 2002-2020 Gray Television, Inc. online dashboard trial. BBX Capital acquired largest specialty candy retailer IT’SUGAR for USD 57 million. Peppermint candies aid in digestion and treatment of upset stomach. 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. Will the coronavirus pandemic lead to long-term changes in … Owing to the rapidly developing nature of the market, launching a new product has become the most important strategy, among all. Market Street Candy Dress. Rangpur Dairy & Food Products Limited is a domestic player that manufactures milk candies. For instance, Big Red is a cinnamon-flavored gum manufactured by Mars Incorporated. LP INFORMATION recently released a research report on the Cotton Candy Machine analysis, which studies the Cotton Candy Machine industry coverage, current market competitive status, and market outlook and forecast by 2025.. The key players are focusing on strategic initiatives such as collaborations/partnerships, product innovations, and geographic expansions. 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. 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. Candy Production in Canada industry outlook (2019-2024) poll Average industry growth 2019-2024: x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. Presently, most companies in the industry are faced with low consumption of their products and supply chain challenges. WiseGuyRerports.com Presents “Global Vitamin C Candy Market Insights and Forecast to 2026” New Document to its Studies Database The global Vitamin C Candy market is classified into different sectors to ensure that the consumers get different options while choosing the services or products offered by the key players. Hershey Grabs Candy Market Share Chocolate sales jumped nearly 10% at stores during company’s latest quarter . COVID-19. This is due to their huge benefits in reducing stress. This website is secure and your personal details are safe. Growing urbanization is also a significant factor driving the growth of the candy market in the country. There are different flavored candies in varied shapes available in the market. Chocolate flavor has many health benefits, such as it helps in reducing mortality rates, and also aids in treating diseases like bronchitis and depression. Retail sales of Hershey’s chocolate brands jumped nearly 10% in its latest quarter. This has led the key players of the market to come up with sugar-free candies targeting the diabetic population and also lowering the risk for potential diabetes among their customers. Hershey said it also benefited from using Covid-19 case counts to predict where demand would spike as more people stayed home, and sent more chocolate bars there. Ms. Buck said she expects Hershey to continue gaining market share through next spring. According to the International Organization for Migration in 2015, every week around 3 million people are migrating to cities. While North America Continues to Dominate, Licorice Candy Brands Expected to find Lucrative Market in East Asia. Grocery stores comprise a limited number of products, thus, pose to be disadvantageous as compared to the supermarkets. The global jellies and gummies market size was valued at USD 13.9 billion in 2018 and is expected to expand at a CAGR of 3.5% from 2019 to 2025. It aids in proper blood flow in the body and facilitates overall blood vessel functionality. Hershey’s stock rose 3% as third-quarter profit and revenue topped analysts’ expectations. U.S. confectionery market share 2018, by company Published by Jan Conway, Apr 3, 2020 With a share of roughly 30 percent in 2018, Hershey led the U.S. confectionery market. Kit Kat, a chocolate and wafer product, pulled in $331.54 million, earning 7.59 percent of the market share. Convenience stores held significant shares in 2016. We have also focused on SWOT, PESTLE, and Porter’s Five Forces analyses of the global Sugar Candy market. In May 2017, Ferrara Candy Company announced the grand re-opening of its candy store in the U.S. The food and beverages industry identifies candy as a part of the confectionary industry and uses the term confectionary and candy interchangeably. Product innovation also aimed at addressing the growing health issues pertaining to candy consumption, such as diabetes. Tootsie Roll Industries (TR) Tootsie Roll is known for its iconic namesake brand, but it also has a … Share: Popping Candy Market. This preferably includes preserves, pastries, and ice creams. The primary factors that motivate people to buy products from online stores are the availability of discounted price and lucrative offers, thereby, facilitating a hassle-free shopping experience. Market Definition: Global Candy Market. Hersey also hold a leading share of the overall candy market in the U.S, responsible for 30% of total sales. Get detailed analysis of COVID-19 impact on the Popping Candy Market The forecast was revised after disclosure in Bezos’s annual shareholder letter in April 2019. With a wide portfolio of well-known brands, these companies are dominating the candy market. Privacy Policy. According to the U.S. Census Bureau, in the year 2016, children aged 0-17 years accounted for 73.6 million populations. Increasing urbanization and rising product innovations are the major factor for the growth. In addition, dark chocolates possess huge health benefits due to the cocoa content. With a wide range of products being offered at online websites, individuals are more aware of the new products launched in the market. Our support available to help you 24 hours a day, five days a week. Also, they offer a lesser number of varied products as compared to other stores. 51% of overall candy consumers purchase seasonal or holiday candy. 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. 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. According to CalorieKing.com, caramel candies contain around 7.8g of carbohydrates and 0.5g of protein, which provides energy to the body. Global Cotton Candy Machine MMarket 2020-2024, Trends and Forecast Report Size and Share Published in 2020-12-03 Available for US$ 2850 at Researchmoz.us This site uses cookies, including third-party cookies, that help us to provide and improve our services. Hershey’s third-quarter profit and revenue topped analysts’ expectations. This report has a service guarantee. According to the 2015 Global Powers of Retailing report, 76 of the largest retailing companies in the world are based in the U.S and an estimated two-thirds of the U.S. GDP comes from retail consumption. However, the domestic players Olympic Industries Ltd, Danish, JTA and ACI also have a considerable share in the market. Global “Cotton Candy Machine Market 2020-2025” Research Report categorizes the global Cotton Candy Machine by key players, product type, applications and … 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. The global confectionery market was valued at $210.3 billion in 2019, and is projected to reach $270.5 billion by 2027, registering a CAGR of 3.6%. All interactions are confidential. In the US, Hershey leads the market with more than 30% share. The demand for frozen food products, fruits & vegetables, eggs, flour, and whole grains, among others, witnessed a considerable increase during the early stages of the crisis. Snickers, the category’s top-selling candy bar, according to IRI’s data, pulled in $444.39 million over the reporting period, commanding just over 10 percent of the market share. Global Candy Market: Overview . Mars is the leading global confectionery company. 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. 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. 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. Research studies have shown that repeated chewing gum helps in brain stimulation and increases self-control and attention, thereby, minimizing stress. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections. On the basis of end use, the market is segmented into super/hypermarkets, convenience stores, online stores, and others. With rising consumer spending, there arises a huge demand for consumer goods. Hershey leads the market with more than 30 % share Double chocolate compliance with GDPR & norms. Preserves, pastries, and Porter ’ s fondness for licorice shows no signs of slowing shareholder letter in 2019. To health hazards rising consumer spending and growing urbanization is also a significant CAGR during the forecast.. The growing health issues pertaining to candy consumption, such as collaborations/partnerships, product innovations, Porter. 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