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Candy Production in Canada Industry Data and Analysis
Canadian candy producers manufacture non-chocolate candy, like marshmallows, toffee, caramel, granola bars and chewing gum. These producers sell products to retailers and wholesalers for redistribution to consumers. That's why Canadian candy producer performance relies on domestic demand and global demand, since exports will generate more than half of candy production revenue in 2025. Although some candy products, like breakfast bars, have swelled in popularity, boosting health consciousness has soured demand for candy products. Plus, imports satisfy a strong share of the domestic market. Overall, revenue for Canadian candy producers will expand at a CAGR of 6.5% over the past five years to reach $1.6 billion in 2025, including an anticipated 1.3% boost in revenue in 2025.
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What's included in this industry analysis
IBISWorld's research coverage on the Candy Production industry in Canada includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released October 2025.
About this industry
What's this industry report about?
The Candy Production industry in Canada operates under the NAICS industry code 31134CA. This industry produces nonchocolate confectionery, such as marshmallows, toffee, candied fruits and nuts, fudge, breakfast bars and chewing gum. Industry operators sell candy to retailers and wholesalers, distributing it to households and other consumers. Related terms covered in the Candy Production industry in Canada include soft candy, hard candy, vat, economies of scale, generic brand and premium.
What's included in this industry?
Products and services covered in Candy Production industry in Canada include Hard candy, Soft candy and Chewing gum, with and without sugar.
What companies are included in this industry?
Companies covered in the Candy Production industry in Canada include Mars, Mondelez Canada and Tootsie Roll.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Candy Production industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Candy Production industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Candy Production industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Candy Production industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Candy Production industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Candy Production industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Candy Production industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Candy Production industry in Canada.
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Frequently Asked Questions
What is the market size of the Candy Production industry in Canada in 2026?
The market size of the Candy Production industry in Canada is $1.6bn in 2026.
How many businesses are there in the Candy Production industry in Canada in 2025?
There are 117 businesses in the Candy Production industry in Canada, which has grown at a CAGR of 0.3 % between 2020 and 2025.
How may import tariffs affect the Candy Production industry in Canada?
The Candy Production industry in Canada is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Candy Production industry in Canada?
The Candy Production industry in Canada is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Candy Production industry in Canada grown or declined over the past 5 years?
The market size of the Candy Production industry in Canada has been growing at a CAGR of 6.5 % between 2020 and 2025.
What is the forecast growth of the Candy Production industry in Canada over the next 5 years?
Over the next five years, the Candy Production industry in Canada is expected to grow.
What are the biggest companies in the Candy Production industry in Canada?
The biggest companies operating in the Candy Production industry in Canada are Mars, Mondelez Canada and Tootsie Roll
What does the Candy Production industry in Canada include?
Soft candy production (e.g. marshmallows and jelly candy) and Hard candy production (e.g. lollipops) are part of the Candy Production industry in Canada.
Which companies have the highest market share in the Candy Production industry in Canada?
The company holding the most market share in the Candy Production industry in Canada is Mars.
How competitive is the Candy Production industry in Canada?
The level of competition is high and steady in the Candy Production industry in Canada.
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