USD 16.3 billion
Report ID:
SQMIC30I2390 |
Region:
Country |
Published Date: January, 2025
Pages:
157
|Tables:
64
|Figures:
60
U.S. Candy Market size was valued at USD 16.3 billion in 2023 and is poised to grow from USD 16.95 billion in 2024 to USD 23.2 billion by 2032, growing at a CAGR of 4.0% during the forecast period (2025-2032).
Confectionery sweet food product is another name for candy. Certain minerals and vitamins in candies provide protein value that can aid in bodybuilding. Consumers with a busy schedule frequently choose candies as a small snack because they take less time to consume and can be enjoyed during breaks.
Chocolate candies are extremely popular among people of all ages. Chocolate flavour has several health benefits, including lowering mortality rates and treating diseases such as depression and bronchitis. Furthermore, because of the cocoa content, dark chocolates have numerous health benefits. It aids in the maintenance of blood flow in the body and improves overall blood vessel functionality.
The US candy market will benefit from the continuously growing development and increasing spending capacity of consumers. The widely distributed candies are made for both children and the young population. Consumer preferences, population growth, and inclinations drive candy demand. In terms of manufacturing and purchasing economies, massive multinational corporations have a significant advantage over medium-sized businesses. Candy with fewer sugar additives can provide significant revenue generation opportunities for major candy market players.
U.S. Candy Market is poised to grow at a sustainable CAGR for the next forecast period.
Market snapshot - 2025-2032
Global Market Size
USD 16.3 billion
Largest Segment
chocolate candy
Fastest Growth
chocolate candy
Growth Rate
4.0% CAGR
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U.S. Candy Market is segmented by Type and Distribution Channel. Based on Type, the market is segmented into Chocolate Candy and Non-chocolate Candy. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online Stores and Others.
The sugar candy, chocolate candy, and gum candy segments of the US candy market are separated by product. Since people in the country have started to limit their consumption of confectionery by treating themselves to bite-sized chocolate sweets, the chocolate candy is predicted to have the fastest rising market share among these. Candy made of dark chocolate fits in nicely with the nation's current "healthy eating" craze. Due to research showing that dark chocolate has a number of health benefits, consumers are choosing premium dark chocolate sweets to enjoy a guilt-free experience.
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The candy market in the United States is divided into four regions: the South, West, Mid-West, and North-East. Based on sales generated and higher demand for candies in these regions, the West is the fastest growing contributor to the candy market, particularly Utah State. People are becoming more urbanised and aware of new things and their accessibility as they become more urbanised. This is because large corporations control a large portion of the confectionery market in urban areas.
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Candy being Number one Preference of Sweet Craving will Boost its Demand in Coming Years
Various Health Risks associated with Consuming Candy to Hinder Market Growth
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Based on the nature of the market, the US candy market is highly competitive, with a large number of domestic companies capturing a significant share of the market. Among the major players are Perfetti Van Melle Group BV, Mondelez International Inc., Mars Incorporated, and The Hershey Company. Because of the rapidly changing nature of the market, introducing a new product has become one of the most important strategies for gaining a competitive advantage. Market participants have also adopted expansion as a key strategy, followed by mergers and acquisitions.
SkyQuest's ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our US candy market analysis, the market is expected to grow at a significant rate over the forecast period, owing to factors such as constant product innovations and aggressive branding to persuade consumers, as well as increased demand for candy products, particularly during festive seasons, as candy products are identified as seasonal products and are associated with festivities.
The market has also piqued the interest of investors, and it has become a target for investments by a number of multinational corporations. The variety of candies available has resulted in an increase in candy demand worldwide. The rise in consumer spending power, as well as rapid urbanisation and industrialization, particularly in developing countries, are all factors contributing to the growth of the candy market. With an increasing population comes an increase in the target consumer base. The increasing occurrence of dental problems due to the consumption of candies with high sugar content, the volatile nature of raw material prices such as sugar and cocoa, and rising health concerns are the factors restraining the market's growth. Launching low-sugar candies with nutritional value is an excellent opportunity to accelerate the development of the market.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 16.3 billion |
Market size value in 2032 | USD 23.2 billion |
Growth Rate | 4.0% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the U.S. Candy Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the U.S. Candy Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the U.S. Candy Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the U.S. Candy Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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U.S. Candy Market size was valued at USD 15.94 Billion in 2023 and is poised to grow from USD 16.55 Billion in 2024 to USD 21.51 Billion by 2032, growing at a CAGR of 3.82% during the forecast period (2025-2032).
Based on the nature of the market, the US candy market is highly competitive, with a large number of domestic companies capturing a significant share of the market. Among the major players are Perfetti Van Melle Group BV, Mondelez International Inc., Mars Incorporated, and The Hershey Company. Because of the rapidly changing nature of the market, introducing a new product has become one of the most important strategies for gaining a competitive advantage. Market participants have also adopted expansion as a key strategy, followed by mergers and acquisitions. 'Nestle SA', 'Perfetti Van Melle Group B.V.', 'Mondelez International, Inc.', 'Mars, Incorporated', 'The Hershey Company'
The candy market is anticipated to develop as a result of the rising demand for chocolate candies. The market has grown as a result of the widespread popularity of chocolate candies, not just among children but also adults. From Halloween to Diwali and Eid, chocolates are a staple dessert during many celebrations. Thus, it has been determined that rising consumption of chocolate candies for various celebrations and events will help to the growth and expansion of the candy industry. In the US, children are known to prefer Halloween candies. Additionally, the introduction of fresh chocolate sweets has increased demand for candies.
Sugar-free sweets have seen a rise in popularity recently due to rising health consciousness and consumer demand for non-/low-sugar chocolates and confectionary items. The International Diabetes Federation reports that there are currently 537 million people (20-79 years old) who have diabetes, which is the primary cause of the rise in demand for sugar-free sweets among the general public.
The candy market in the United States is divided into four regions: the South, West, Mid-West, and North-East. Based on sales generated and higher demand for candies in these regions, the West is the fastest growing contributor to the candy market, particularly Utah State. People are becoming more urbanised and aware of new things and their accessibility as they become more urbanised. This is because large corporations control a large portion of the confectionery market in urban areas.
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