Candy is a beloved treat enjoyed by people of all ages around the world. The global candy market size is worth $127.4 billion as of 2021, and in 2020, the total confectionery industry earnings in the United States were nearly $37.5 billion. According to data from Harvard Business Review, the U.S accounts for 19% of global confectionery consumption making it the largest confectionery market in the world with chocolate remaining its top-selling type accounting for 60% of total sales globally. Mars Inc., one of America’s leading candy companies has a net worth estimated at 89$6 billion while 600 other companies make chocolate and cocoa products within US borders generating annual revenue between 14-15 million dollars annually according to IBIS World reports .
The Asia Pacific region also plays an important role when it comes to candies with their markets projected to grow at 4%.3 CAGR during 2020 – 2025 period according to Mordor Intelligence report whereas non-chocolate candies account for 40 %of worldwide candy sales per Zion Market Research statistics . In terms of imports ,the USA imported 2$.8 Billion Worth Of Chocolate alone last year (Statista) while Germany leads on Per Capita Consumption followed by Russia & USA respectively( Statista). Furthermore ,40 percent online shoppers are millennials (Nielsen )and Halloween remains biggest selling holiday season bringing about 2$.6 Billion Sales Last Year (McKinney CDC ).In Europe UK’s Candy Market Is Valued At 6$.7Billion While Sweden’s stands at 1.$42Billion Respectively( Sweets And Snacks Europe/ Euromonitor International).Organic Chocolates & Candies Are Also On Rise With A 19 Percent Increase In 2019 Alone As Reported By INaturalist Reports Whereas Fortune Business Insights Predicts 46.$8 Contribution To Global Candy&Chocolate Markets From European Region By 2027 Making It Largest Regional Player Globally Lastly Sugar Free Confectionary Products Are Expected To Grow 5 Percent During 2021 – 2026 Period As Stated By IMARC Group Report
This statistic is a testament to the immense size and scope of the candy industry. It is a clear indication of the immense potential of the industry and the immense profits that can be made from it. It also serves as a reminder of the importance of the candy industry in the global economy and its impact on the lives of people around the world.
In 2020, the total confectionery industry earnings in the United States were nearly $37.5 billion.
This statistic is a testament to the immense success of the confectionery industry in the United States. It highlights the fact that the industry is thriving and that it is a major contributor to the economy. This statistic is also a great indicator of the popularity of candy and other confectionery products among consumers. It is a valuable piece of information for anyone interested in the candy industry and its impact on the economy.
Candy Industry Statistics Overview
The U.S. accounts for 19% of global confectionery consumption, making it the largest confectionery market in the world.
This statistic is a testament to the immense size of the U.S. confectionery market, highlighting its importance in the global candy industry. It serves as a reminder that the U.S. is a major player in the confectionery market, and that the industry is heavily reliant on the American consumer. This statistic is a key piece of information for anyone looking to gain insight into the candy industry.
Chocolate remains the top-selling type of candy, accounting for 60% of total global confectionery sales.
This statistic is a testament to the enduring popularity of chocolate as a confectionery item, highlighting its dominance in the candy industry. It serves as a reminder of the importance of chocolate in the global confectionery market, and its continued relevance in the industry.
Mars, Inc. is the top candy company in the world with a net worth of $89.6 billion.
This statistic is a testament to the success of Mars, Inc. as the leading candy company in the world. With a net worth of $89.6 billion, it is clear that Mars, Inc. has been able to establish itself as a major player in the candy industry. This statistic serves as a reminder of the power of the candy industry and the potential for success that it holds.
About 600 companies make chocolate and cocoa products in the United States, with annual revenue of approximately $14-15 billion.
This statistic is a testament to the sheer size and scope of the candy industry in the United States. It speaks to the fact that the industry is a major player in the economy, generating billions of dollars in revenue each year. It also highlights the fact that there are a large number of companies involved in the production of chocolate and cocoa products, indicating that the industry is highly competitive. This statistic is a powerful reminder of the importance of the candy industry in the US economy.
The Asia-Pacific candy market is projected to grow at a CAGR of 4.3% between 2020 and 2025.
This statistic is a crucial indicator of the potential for growth in the Asia-Pacific candy market over the next five years. It provides a valuable insight into the future of the industry, allowing businesses to plan their strategies accordingly and capitalize on the projected growth. Furthermore, it can be used to inform decisions about investments, product development, and marketing initiatives.
Non-chocolate candies account for about 40% of the worldwide candy market.
This statistic is a crucial insight into the candy industry, as it reveals that non-chocolate candies make up a significant portion of the global candy market. This indicates that there is a large demand for non-chocolate candies, and that companies should consider investing in the production of these types of candies in order to capitalize on this demand.
The United States imported $2.8 billion worth of chocolate in 2020.
This statistic is a testament to the immense popularity of chocolate in the United States. It speaks to the fact that Americans are willing to spend billions of dollars on chocolate each year, indicating that the candy industry is thriving. This statistic is a clear indication that the candy industry is a major player in the US economy.
Germany leads the world in terms of per capita consumption of candy, followed by the United States and Russia.
This statistic is a testament to the immense popularity of candy in Germany, the United States, and Russia. It speaks to the immense demand for candy in these countries, and the potential for growth in the candy industry in these markets. It also highlights the importance of understanding the preferences of consumers in these countries in order to effectively market and distribute candy.
40% of online confectionery shoppers in the U.S. are millennials.
This statistic is significant for the Candy Industry as it indicates that millennials are a key demographic for online confectionery shoppers in the U.S. Knowing this, companies in the industry can tailor their marketing strategies to target this age group and capitalize on their spending power. Furthermore, this statistic can be used to inform decisions about product development, packaging, and pricing.
The United States consumed around 804,000 metric tons of sugar confectionery in 2020.
This statistic is a telling indication of the immense popularity of sugar confectionery in the United States. It speaks to the fact that candy is a beloved treat for many Americans, and that the industry is thriving. This statistic is a key piece of evidence that the candy industry is a major player in the US economy.
In 2020, Japan’s chocolate market was valued at $5.2 billion, according to Statista.
This statistic is a testament to the immense size of Japan’s chocolate market, demonstrating the country’s strong presence in the candy industry. It is a clear indication that Japan is a major player in the global candy industry, and its influence should not be underestimated. Furthermore, this statistic provides insight into the potential of the candy industry in Japan, and could be used to inform future investments and strategies.
Hershey controls the largest percentage of the US candy market with a 30.4% share.
This statistic is a testament to Hershey’s dominance in the US candy market, highlighting their impressive 30.4% share. It serves as a reminder of the power and influence Hershey has in the industry, and the importance of understanding the market share of the major players when discussing the candy industry.
Halloween is the largest candy-selling holiday in the United States, with total sales of about $2.6 billion in 2020.
This statistic is a testament to the immense popularity of Halloween and the candy industry in the United States. It highlights the fact that candy is a major part of the holiday, and that the industry is thriving. This statistic is an important piece of information for anyone interested in the candy industry, as it provides insight into the size and scope of the industry.
Organic chocolate and candy sales in the United States increased by 19% in 2019.
This statistic is a testament to the growing popularity of organic chocolate and candy in the United States. It shows that consumers are increasingly looking for healthier alternatives to traditional candy, and that the organic candy industry is thriving. This is an important trend to note for anyone interested in the candy industry, as it indicates that organic candy is becoming an increasingly important part of the market.
Europe is anticipated to contribute 46.8% to the global candy and chocolate market by 2027, making it the largest regional market.
This statistic is a testament to the immense potential of the European candy and chocolate market. It highlights the fact that Europe is a major player in the global candy and chocolate industry, and that it is likely to remain so in the future. This is an important point to consider when discussing the candy industry, as it provides insight into the current and future trends of the market.
The Swedish candy market is estimated to be worth $1.42 billion.
This statistic is a testament to the immense size of the Swedish candy market, demonstrating the potential for growth and success within the industry. It is a powerful indicator of the potential for businesses to capitalize on the lucrative candy market in Sweden, and serves as a reminder of the importance of the candy industry in the country.
Sugar-free confectionery products are expected to grow at a CAGR of around 5% during the 2021-2026 period.
This statistic is a key indicator of the future of the candy industry, as it reveals the projected growth of sugar-free confectionery products. It is an important piece of information for anyone interested in the candy industry, as it provides insight into the potential success of sugar-free products and the potential for the industry to expand in the coming years.
Conclusion
The global candy market is a multi-billion dollar industry that continues to grow year after year. The United States and Europe are the two largest markets for confectionery products, with Mars Inc. being the top candy company in the world. Chocolate remains the most popular type of candy, accounting for 60% of total sales worldwide, while non-chocolate candies account for 40%. In addition, organic chocolate and sugar-free confectionery products have seen an increase in demand over recent years due to health concerns among consumers. With Halloween being one of the biggest holidays for selling candy each year and Asia Pacific projected to experience significant growth in its market size by 2025, it’s clear that this sweet treat will remain a staple around the world well into future generations.
References
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4. – https://www.reportlinker.com
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6. – https://www.euromonitor.com
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12. – https://www.mordorintelligence.com
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14. – https://www.candyusa.com
