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Global Candy & Chocolate Manufacturing Industry Data and Analysis
The Global Candy & Chocolate Manufacturing industry has seen considerable changes in recent years, driven by overarching consumer trends and shifting market dynamics. As a multi-billion-dollar industry, it has adeptly responded to evolving tastes, health concerns and sustainability demands. Recent indicators show strong growth, propelled by innovation and a sharper focus on consumer preferences. Despite economic uncertainties and supply chain disruptions, the industry has maintained momentum, with significant companies quickly adapting to changing market conditions. Industry-wide revenue has shrunk at a CAGR of 3.9% to $368.4 billion over the five years to 2025, including an estimated 7.5% jump in 2025 alone, when profit is set to climb to 8.3%.
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What's included in this industry analysis
IBISWorld's research coverage on the Global Candy & Chocolate Manufacturing industry includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released November 2025.
About this industry
What's this industry report about?
The Global Candy & Chocolate Manufacturing industry operates under the industry code C1113-GL. Operators in the Global Candy and Chocolate Manufacturing industry purchase and process sugar, cocoa, cornstarch, nuts, fruits, emulsifiers and flavorings, to create chocolate and other confectionery products. Final industry products include chocolate, chewing gum, hard candies, marshmallows and toffee. Related terms covered in the Global Candy & Chocolate Manufacturing industry include efs network, organic chocolate and fair trade.
What's included in this industry?
Products and services covered in Global Candy & Chocolate Manufacturing industry include Chocolate, Candy and Gum.
What companies are included in this industry?
Companies covered in the Global Candy & Chocolate Manufacturing industry include The Hershey Company .
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 Global Candy & Chocolate Manufacturing industry.
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 Global Candy & Chocolate Manufacturing industry.
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 Global Candy & Chocolate Manufacturing industry.
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 Global Candy & Chocolate Manufacturing industry. 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 Global Candy & Chocolate Manufacturing industry. 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 Global Candy & Chocolate Manufacturing industry. 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 Global Candy & Chocolate Manufacturing industry. 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 Global Candy & Chocolate Manufacturing industry.
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Frequently Asked Questions
What is the market size of the Global Candy & Chocolate Manufacturing industry in 2026?
The market size of the Global Candy & Chocolate Manufacturing industry is $368.4bn in 2026.
How many businesses are there in the Global Candy & Chocolate Manufacturing industry in 2025?
There are 25,324 businesses in the Global Candy & Chocolate Manufacturing industry, which has grown at a CAGR of 4.3 % between 2020 and 2025.
How may import tariffs affect the Global Candy & Chocolate Manufacturing industry?
The Global Candy & Chocolate Manufacturing industry is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Global Candy & Chocolate Manufacturing industry?
The Global Candy & Chocolate Manufacturing industry is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Global Candy & Chocolate Manufacturing industry grown or declined over the past 5 years?
The market size of the Global Candy & Chocolate Manufacturing industry has been growing at a CAGR of 3.9 % between 2020 and 2025.
What is the forecast growth of the Global Candy & Chocolate Manufacturing industry over the next 5 years?
Over the next five years, the Global Candy & Chocolate Manufacturing industry is expected to decline.
What are the biggest companies in the Global Candy & Chocolate Manufacturing industry?
The biggest company operating in the Global Candy & Chocolate Manufacturing industry is The Hershey Company
What does the Global Candy & Chocolate Manufacturing industry include?
Manufacturing chocolate confectionery and Manufacturing nonchocolate confectionery are part of the Global Candy & Chocolate Manufacturing industry.
Which companies have the highest market share in the Global Candy & Chocolate Manufacturing industry?
The company holding the most market share in the Global Candy & Chocolate Manufacturing industry is The Hershey Company .
How competitive is the Global Candy & Chocolate Manufacturing industry?
The level of competition is high and increasing in the Global Candy & Chocolate Manufacturing industry.
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