The Europe candy market is anticipated to grow with considerable CAGR during the forecast period (2020-2026). The market is mainly fuelled by the presence of several global brands including Mondelez Global LLC, Mars Incorporated, Nestle S.A., Chocoladefabriken Lindt & Sprüngli AG among others. Additionally, the high consumer expenditure on sweet treats is also driving the significant growth of the market. In addition to this, the introduction of new flavors is also aiding manufacturers to engage more consumers from all categories.
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Europe is well-known for travel destinations all across the globe. The candy manufacturers are targeting the potential of traveling consumer base present across the region. Hence, travel retail is expected to present new growth opportunities for the European candy market during the forecast period. Furthermore, the domestic, as well as local players across the region, are using strategies such as collaboration and acquisition to expand increase their market share in the European candy market and enhance its product offerings. For instance, in May 2020, Bayn Europe AB acquired a low sugar confectioner tweek for around $5.1 million. The acquisition is intended to strengthen the company’s position in the sugar reduced candy products in Europe.
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Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Type, By Flavor, By Distribution Channel
- Regions Covered- UK, Germany, France, Italy, Spain, Rest of Europe
- Competitive Landscape- Chocoladefabriken Lindt & Sprüngli AG, Chocolat Frey AG, The Hershey Company, Perfetti Van Melle Group B.V.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and country dominate the market in the base year?
- Which segment and country will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from the pre-COVID-19 forecast
- Most affected country and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Europe Candy Market Report Segment
By Type
- Hard-Boiled Candies
- Pastilles, Gums, Jellies, and Chews
- Toffees
- Lollipop, Twist & Stick candy
- Others
By Flavor
- Caramel
- Chocolate
- Mint
- Coffee
- Fruits
- Other
By Distribution Channel
- Supermarkets/ Hypermarkets
- Convenience Stores
- Online Channel
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
