Global Candy Market Is Expected to Reach USD 290.7 billion


Newark, NJ, May 24, 2021 (GLOBE NEWSWIRE) — As per the report published by Fior Markets, the global candy market is expected to grow from USD 217.8 billion in 2020 and reach USD 290.7 billion by 2028, growing at a CAGR of 3.8% during the forecast period 2021-2028.

The global candy market is estimated to observe a significant growth rate throughout the forecast period owing to factors such as constant innovations to the existing products and aggressive branding to persuade the consumers, the increasing demand for candy products globally, especially during festive seasons as candy products are identified as seasonal products and are associated with festivities. The candy market has also grabbed the attention of investors and has become a target for investments by several multinational companies. The various varieties of candies available have led to an increase in the demand for candy worldwide.

Candies are confection products with sugar as…

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