Candy Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Candy is a type of confection that has sugar as a major element. The category, called sugar confectionery, encompasses any sweet confection, including chocolate, chewing gum, and sugar candy. Vegetables, fruit, or nuts which have been glazed and coated with sugar are taken as candied. Physically, candy is characterised by the use of a significant amount of sugar or sugar substitutes. Unlike a cake or loaf of bread that would be shared among many people, candies are usually considered as smaller pieces. However, the definition of candy also differs to people as for how people treat the food. Unlike sweet pastries served for a dessert course at the end of a meal, candies are normally eaten casually, often with the fingers, as a snack between meals. Each culture has its ideas of what constitutes candy rather than dessert. The same food may be candy in one culture and a dessert in another. Sugar candies are those hard candies, soft candies, caramels, marshmallows, taffy, and other candies whose principal ingredient is sugar. Commercially, sugar candies are often divided into groups according to the amount of sugar they contain and their chemical structure.

Candy Market Segments Size & Growth:

Global candy market is accounted as USD 84.65 billion in 2017 and expected to grow at a CAGR of 3.68% to reach XX billion by 2024 during the forecast period 2018-2024.

An increase in the disposable income and the urbanisation is the driving factor for the market. As the standard of living of the people is increasing, they are consuming more of these kinds of products. Rise in disposable income in the emerging economies has led the path to the growth of the