Candies Market Candies Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031 Request Sample Report
Candies Market Size and Growth
The candies market research reports indicate a growing demand for candies due to increasing disposable income and changing consumer preferences. The global candies market size is estimated to be worth $77.4 billion, with a projected CAGR of 3.5% over the next five years. Key factors driving growth include innovative product offerings and e-commerce penetration.
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Companies Covered (Covid 19 Impact Covered)
◍ The Hershey Company
◍ Ferrara Candy Co.
◍ Mars Incorporated
◍ Mondeléz International Inc.
◍ DeMet’s Candy Co.
◍ Nestlé SA
The candies market is highly competitive with key players such as The Hershey Company, Ferrara Candy Co., Mars Incorporated, Mondeléz International Inc., DeMet’s Candy Co., and Nestlé SA. These companies offer a wide variety of candies to consumers and utilize various marketing strategies to promote their products, thereby contributing to the overall growth of the market.
- The Hershey Company: $8.15 billion in sales revenue
- Mars Incorporated: $35 billion in sales revenue
- Nestlé SA: $87.1 billion in sales revenue
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Market Segmentation
By Application
◍ Super/Hyper markets
◍ Convenience Stores
◍ Online Stores
◍ Others
By Product
◍ Chocolate Candies
◍ Caramel Candies
◍ Gummies
◍ Hard Candies
◍ Chewing Gums
◍ Others
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Market Growth
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$ X Billion USD
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