Candy Market-Industry Analysis and Forecast (2021-2027)
Maximize Market Research's latest report, " Global Candy Market Global Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
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.
Global Candy Market Overview
Candies are known as confectioneries, preparation of candy contains sugar, honey, and other natural or synthetic sweeteners in combination with chocolate, milk, fruits, nuts, or other ingredients that are made in the form of bars, drops, and pieces. Certain types of candies can add valuable protein, minerals, and vitamins which support bodybuilding and encourage general well-being.
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Global Candy Market Major Market Players
• THE HERSHEY COMPANY
• 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.
• Sweet Candy Company.
• THE BANG CANDY COMPANY
• Quality Candy Company
• Muskoka Candy Company
• The Ferrero Group.
• SUGARFINA INC.
• Jelly Belly Candy Company
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Candy Market by Types and Applications:
Global Candy Market, by Product Type
• Chocolate Candy
• Non- Chocolate Candy
o Hard Boiled Candies
o Pastilles, Gums, Jellies and Chews
o Toffees, Caramels and Nougat
Global Candy Market, by Distribution Channel
• Supermarkets and Hypermarkets
• Convenience Stores
• Specalist Retailers
• Online Retail
Global Candy Market, by Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
The report has covered the market size by country (regions) for the global Candy market. Segment by Application. The Candy Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Candy Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Candy Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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