Global Hard Candy Market, By Flavor (Mint Caramel, Caramel, Butterscotch, Fruit Caramel, Chocolate Caramel, Others), By Type (Pop rocks, Lollipop, Traditional), By Application (Hypermarkets & Supermarkets, Pharmacies, Specialty Stores, Retail) By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Industry Trends and Forecast to 2030.
Global Hard Candy Market
Global Hard Candy Market was valued at USD 225.48 billion in 2022 and is expected to reach USD 306.09 billion by 2030. The CAGR is 3.8945% during the forecast period 2023-2030.
Candies are the most popular sugary sweets around the world. Caramels, gummies, hard candies, and hard-boiled candies are widely consumed by all age groups. Hard candies are available in different shapes, sizes, flavours and colours. They provide a variety of valuable nutritional properties such as protein, vitamin and mineral concentrations for overall well-being. Therefore, the increase in the number of sweets resulting from the increase in the consumption of hard candies in various parts of the world creates certain profitable growth factors for the hard candies market.
Market Drivers
Growth in disposable income and population the main factor driving the confectionery market is the increase in the disposable income of people all over the world. Population growth in various age groups, especially among children and youth, has raised the level of candy consumption to a significant level. The factors driving the growth of the confectionery market are a large number of people and disposable income and changing sweet preferences. The rapid development of sweet products. The increasing availability of different types of candies has increased the demand for hard candies worldwide. Rapid innovations in growing products driven by rapid demand for hard chocolates and other flavored products are creating significant growth opportunities and thus accelerating the growth of the hard candy market.
Market Restraints
Growing dental problems High sugar content and increasing dental problems will limit the growth of the hard candy market during the forecast period. Additionally, the rise in health awareness about candies will reduce the demand across the world, thus hindering the growth of the market. This candy market report includes information on new recent developments, trade regulations, import and export analysis, production analysis, value chain optimization, market share, impact of domestic and local market players, analyzes opportunities based on new revenue pockets and changes. market regulations, strategic market growth analysis, market size, category market growth, application niches and governance, product approvals, product launches, geographic expansions, technological innovations in the market.
Market Opportunities
The demand for different flavors is growing. Growing population and proliferation of advanced and developed distribution will create certain lucrative growth opportunities for the market during the forecast period. In addition, rapid innovations in growing products driven by rapid demand for chocolate hard candies, butter candies and other flavor products are expected to create significant growth opportunities for the hard candies market as well.
Impact of COVID-19
Due to government restrictions during the pandemic, almost every end-user industry has been severely affected by Covid-19. During the pandemic, the supply chain and manufacturing facilities were hit hard by the pandemic, although this varied by industry. However, the food and beverage industry experienced tremendous growth during the pandemic and in the post-pandemic era, driven by high consumer supply and manufacturing demand. The caramel market recovered as the supply of sugary sweets increased worldwide and the nutritional value of hard caramels increased across age groups.
Market Segmentation
Global Hard Candy Market is segmented on the basis of By Flavor, By Type, By Application.
Based on the By Flavor market segmented into Mint Caramel, Caramel, Butterscotch, Fruit Caramel, Chocolate Caramel, Others. Further market is segmented into By Type market segmented into Pop rocks, Lollipop, Traditional. By Application market segmented into Hypermarkets & Supermarkets, Pharmacies, Specialty Stores, Retail.
Regional Analysis
Global Hard Candy Market is segmented into region are United States, Canada and Mexico in North America, Latin, America, Europe, Asia pacific, and middle east and Africa. Asia Pacific dominates the confectionery market due to the growing number of children and youth and media advertising that promotes product sales in the region. North America is expected to grow during the forecast period 2022-2030 due to the increase in both product consumption and disposable income in the region.
Key Players
Various key players are listed in this report such as Perfetti Van Melle, Arcor, the hershey company. Strauss Group, tiger brands, Nestlé, Mars, Incorporated, Ferrero, Mondelez International, Meiji Holdings Co., Ltd.
Market Taxonomy
By Flavor
• Mint Caramel
• Caramel
• Butterscotch
• Fruit Caramel
• Chocolate Caramel
By Type
• Pop rocks
• Lollipop
• Traditional
By Application
• Hypermarkets & Supermarkets
• Pharmacies
• Specialty Stores
• Retail
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Hard Candy Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
Global Hard Candy Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Hard Candy Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World supply and Demand Condition
4.2.7 Cumulative Impact of Russia Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Hard Candy Market, By Flavor
5.1 Y-o-Y Growth Comparison, By Flavor
5.2 Global Hard Candy Market Share Analysis, By Flavor
5.3 Global Hard Candy Market Size and Forecast, By Flavor
5.3.1 Mint Caramel
5.3.2 Caramel
5.3.3 Butterscotch
5.3.4 Fruit Caramel
5.3.5 Chocolate Caramel
6 Global Hard Candy Market, By Type
6.1 Y-o-Y Growth Comparison, By Type
6.2 Global Hard Candy Market Share Analysis, By Type
6.3 Global Hard Candy Market Size and Forecast, By Type
6.3.1 Pop rocks
6.3.2 Lollipop
6.3.3 Traditional
7 Global Hard Candy Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Hard Candy Market Share Analysis, By Application
7.3 Global Hard Candy Market Size and Forecast, By Application
7.3.1 Hypermarkets & Supermarkets
7.3.2 Pharmacies
7.3.3 Specialty Stores
7.3.4 Retail
8 Global Hard Candy Market, By Region
8.1 Global Hard Candy Market Share Analysis, By Region
8.2 Global Hard Candy Market Share Analysis, By Region
8.3 Global Hard Candy Market Size and Forecast, By Region
9 North America Hard Candy Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Hard Candy Market Share Analysis, By Flavor
9.3 North America Hard Candy Market Size and Forecast, By Type
9.4 North America Hard Candy Market Size and Forecast, By Application
9.5 North America Hard Candy Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Hard Candy Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Hard Candy Market Share Analysis, By Flavor
10.3 Europe Hard Candy Market Size and Forecast, By Type
10.4 Europe Hard Candy Market Size and Forecast, By Application
10.5 Europe Hard Candy Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.6.4. Rest of Europe
11 Asia Pacific Hard Candy Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Hard Candy Market Share Analysis, By Flavor
11.3 Asia Pacific Hard Candy Market Size and Forecast, By Type
11.4 Asia Pacific Hard Candy Market Size and Forecast, By Application
11.5 Asia Pacific Hard Candy Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Hard Candy Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Hard Candy Market Share Analysis, By Flavor
12.3 Latin America Hard Candy Market Size and Forecast, By Type
12.4 Latin America Hard Candy Market Size and Forecast, By Application
12.5 Latin America Hard Candy Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Hard Candy Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Hard Candy Market Share Analysis, By Flavor
13.3 Middle East Hard Candy Market Size and Forecast, By Type
13.4 Middle East Hard Candy Market Size and Forecast, By Application
13.5 Middle East Hard Candy Market sSize and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Perfetti Van Melle
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Arcor
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3.THE HERSHEY COMPANY.
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Strauss Group
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Tiger brands
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Nestlé
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Mars, Incorporated
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Ferrero
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Mondelez International
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Meiji Holdings Co., Ltd
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
