Market overview:
Candy Market has been valued $ xx billion in the year 2019 and it is estimated to reach $xx billion by the year 2026, with a CAGR of xx% from 2021 to 2026. Candy is most commonly known as a something that is pleasant or appealing in a light or frivolous way visual candy and it is a crystallized sugar formed by boiling down sugar syrup; these are the main factors that have considerably increased the demand for the Candy in the market, thereby driving the huge growth of the Candy market in the upcoming years
Market Drivers and Restrains:
The main factors that have considerably increased the demand for the Candy in the market is mainly due to the Rising westernization, modernization and increasing personal disposable income are the major factors fostering the growth of candy market. Ever-rising young population, growth and expansion of confectionary industry and growing popularity of dark chocolate are some other indirect candy market growth determinants. Impulsive behaviour of consumers has further propelled the manufacturers to foster large scale availability of different varieties of candies in the market. Numerous festival celebrations across the globe will also create lucrative and remunerative candy market growth opportunities in the long run. The preference for sweet indulgence post meal will further carve the way for the growth of candy market. On the flip side, rising awareness regarding the high sugar content in candies and its harmful effect on the bodies will pose a major challenge to the growth of candy market in the long run; these are the main factors that have considerably increased the demand for the Candy in the market, thereby driving the huge growth of the Candy market in the upcoming years
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https://www.marketdataforecast.com/market-reports/candy-market
Report is segmented as:
Candy Market is segmented on the basis of by:
By Type (Chocolate Candy, Non Chocolate Candy)
By Distribution Channel (Supermarkets, Convenience Stores, Grocery Stores, Online and Others)
Geographical Segmentation:
Candy Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Candy is due to the rising personal disposable income, rapid globalization, westernization, modernization and rising children and the young population these are the main factors that have considerably increased the demand for the Candy in the North America, followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Candy Market
Impact of COVID-19 on Market
Covid-19 pandemic has impacted the growth of the Candy market, The COVID-19 has started in the end of 2019 in Wuhan china; this has affected many industries from different sectors in various countries and also affected Candy market. Covid-19 pandemic has impacted huge on the sales revenue of Candy market. Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies, In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the Candy market growth