Candy Market Size
The candy market, which was valued at US$ 94.9 billion in 2022, is anticipated to grow at a moderate rate of 3.5% CAGR during the forecast period.
The terms confectionery and candy are used interchangeably in the food and beverage industry, which acknowledges candy as a component of the confectionery industry. These primarily consist of ice cream, pastries, and preserves. Sales of candies soar during the holiday season, as the industry is thought to be a seasonal one. During the holiday season, manufacturers boost employment and production to keep up with the increased demand for candies. Refers to chocolate candies that have chocolate or cocoa-based ingredients, like cocoa butter. Candy items such as marshmallows, licorice, hard candies, and jelly beans that don't contain chocolate or chocolate imitation are referred to as non-chocolate candies. The terms "candy" and "confectionery," which refer to sweet food products primarily made of sugar, have been replaced in English-speaking countries with "confectionary," or candy. In other countries, chocolate confectionery refers to chocolates, sugar confectionery for various sugar-based products, and flour confectionery for products like cakes and pastries. In the United States, the term "candy" refers to both chocolate products and sugar-based sweets. Most candies contain sugar as their primary ingredient, primarily sucrose from sugar cane or sugar beets. Non-caloric sweeteners and corn syrup are additional sweeteners used in the candy-making process. Sweeteners come in liquid or dry form. Given the clear correlation between sugar consumption and chronic illnesses like obesity, the large amount of candy that many Americans consume regularly is concerning. Heart disease and diabetes, based on earlier research. The candy market is predicted to grow as a result of rising consumer demand for chocolate candies. These candies are very well-liked by both adults and children, which has helped the candy market expand internationally.