Industry Background:
Non chocolate candy are the most popular dessert snacks. They have gained attention in recent years owing to increasing health awareness. In addition, rising demand for less sugar chocolates and confectionary products leads to the demand for this candies. They are sweet and crackers in nature. Hence it is most popular among children’s. It is available in number of flavours. It does not contain extra sugar and other sweeteners which may offers extra calories. Thus, Non-Chocolate Candy are mostly preferred by diabetic people who are restricted to consume extra sugar. Hence this non-chocolate candy are also called as healthy candies. Rising awareness regarding healthy lifestyle and increasing inclination towards natural ingredients has created demand for non-chocolate candy.This growth is primarily driven by Rising Expenditure of RTD Confectionary Items in Food and Beverages Industry
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | -2027 |
Volume Unit | K Tons |
Value Unit | Value (USD Million) |
Key Companies in Study | The Hershey Company (United States), Nestle S.A. (Switzerland), Perfetti Van Melle (Italy), Meiji Holdings Co., Ltd. (Japan), Cloetta (Sweden), General Mills Inc. (United States), Muskoka Candy Company (Canada), Mondelez International (United States), Lotte Confectionary Co.Ltd (South Korea), HARIBO GmbH & Co. KG (Germany), Ferrero SpA (Italy), Sweet Candy Company (Germany), The Bang Candy Company (United States), Sugarfina Inc. (United States) and Jelly Belly Candy (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident Increasing Awareness Regarding Food Ingredients and Healthy Lifestyle
. Major Vendors, such as The Hershey Company (United States), Nestle S.A. (Switzerland), Perfetti Van Melle (Italy), Meiji Holdings Co., Ltd. (Japan), Cloetta (Sweden), General Mills Inc. (United States), Muskoka Candy Company (Canada), Mondelez International (United States), Lotte Confectionary Co.Ltd (South Korea), HARIBO GmbH & Co. KG (Germany), Ferrero SpA (Italy), Sweet Candy Company (Germany), The Bang Candy Company (United States), Sugarfina Inc. (United States) and Jelly Belly Candy (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
The market of Non-Chocolate Candy is expected to grow with rising demand for candies. Several companies are operating in the market to provide Non-Chocolate Candy with multiple flavors. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio.
Market Drivers
- Rising Expenditure of RTD Confectionary Items in Food and Beverages Industry
- Growing Preference for Low Calories based Confectionery Items
- Inclination towards Consuming Natural Ingredients based Food Items
Market Trend
- Increasing Awareness Regarding Food Ingredients and Healthy Lifestyle
- Manufacturers are more tends towards Using Natural Sweeteners instead of Artificial Once
Restraints
- High Price Compared to Other Candy
Opportunities
Augmenting Demand from Diabetic Population especially for Non-Chocolate Candy has Created Growth Opportunities and Rising Popularity of Candies as Healthy Snacking Options among Children’s
Challenges
Disruption in Supply Chain owing to Pandemic and Lockdown
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Non-Chocolate Candy Study Sheds Light on
The Non-Chocolate Candy Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Non-Chocolate Candy industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Non-Chocolate Candy industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.