Global Flavored Candy Market, By Flavor (Fruit Flavored, Chocolate, Caramel, Butterscotch, Cinnamon, Coffee, Licorice, Sour, Peanut Butter, Vanilla, Spearmint, Others), Type (Hard Boiled Candies, Pastilles, Gums, Jellies and Chews, Toffees, Caramels and Nougat, Mints, Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialist Retailers, Online Retail, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Flavored Candy Market
Flavored candy market is expected to witness market growth at a rate of 10.00% in the forecast period of 2021 to 2028. Data Bridge Market Research report on flavored candy market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in spending capabilities of consumers across the globe is escalating the growth of flavored candy market.
Candy refers to a more or less solid article of confectionery which is small bite sized and comes in various consistencies, shapes and flavors. Candy is commonly made by first boiling molasses or sugar to a specific consistency and then crystallizing it. After the crystallization, molding is done based on required shape. The flavored candies come in numerous flavors and textures.
The growth in urbanization and target consumer base and product innovations are the major factors driving the flavored candy market. The increase in population growth, change in consumer’s preferences and rise in disposable income also influence the market growth. Additionally, the increase in investment in innovation of products by leading manufacturers and companies promoting health improving products accelerate the flavored candy market. Furthermore, the emergence of sugar-free and low-calorie candies and the growth in awareness towards these products extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, shift in consumer’s preference and lowering down of selling prices are factors expected to obstruct the market growth. Growing concerns regarding their effect on health and rise in awareness associated with lifestyle diseases such as obesity and diabetes are projected to challenge the flavored candy market in the forecast period of 2021-2028.
This flavored candy market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on flavored candy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Flavored Candy Market Scope and Market Size
Flavored candy market is segmented on the basis of flavor, type and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of flavor, the flavored candy market is segmented into fruit flavored, chocolate, caramel, butterscotch, cinnamon, coffee, licorice, sour, peanut butter, vanilla, spearmint and others.
- On the basis of type, the flavored candy market is segmented into hard boiled candies, pastilles, gums, jellies and chews, toffees, caramels and nougat, mints and others.
- On the basis of distribution channel, the flavored candy market is segmented into supermarkets and hypermarkets, convenience stores, specialist retailers, online retail and others.
Global Flavored Candy Market Country Level Analysis
Flavored candy market is analyzed and market size, volume information is provided by country, flavor, type and distribution channel as referenced above.
The countries covered in the flavored candy market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the flavored candy market because of the high consumption of flavored candies and hence, the high production of the product. Asia-Pacific is expected to witness significant growth in the forecast period of 2021-2028 due to the change in consumer’s taste and preferences, increase in population and disposable income in the region.
The country section of the flavored candy market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Flavored Candy Market Share Analysis
Flavored candy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to flavored candy market.
The major players covered in the flavored candy market report are Nestlé, Meiji Holdings Co., Ltd., Danone, General Mills Inc., Mondelez International., Kellogg's Company, Mars, Incorporated, pladis global, Crown Confectionary, LOTTE CONFECTIONERY CO. LTD., Storck, Perfetti Van Melle, HARIBO GmbH & Co. KG, Arcor, Ferrero, Turtles, Ferrara Candy Company., Cloetta, The Hershey Company among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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