The BOTTOM LINE
- The category has suffered inflation and rising costs
- Consumers are searching for BFY options
- Lower-sugar options are also appreciated by consumers
The Sweet Spot
The hard candy category has seen moderate growth, driven by new innovation and B4Y products.
Joyce Friedberg, Contributing Writer
Hard candy is a sweet treat many people enjoy. Like other product categories, hard candy is not immune from inflation and rising costs; however, consumers continue to buy in the category. Chris Borges, non-chocolate candy, category director, Perfetti Van Melle USA, notes seeing a shift in consumer shopping behavior in lollipops with consumers seeking value.
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Courtesy of Perfetti Van Melle
“This comes in two ways—either shoppers are picking up larger pack sizes to get a better price per ounce or smaller pack sizes to get lower absolute price points. Consumers still want lollipops, and candy in general, but they are seeking good value where they can,” he reports.
In addition to value, consumers are looking for new innovative and better-for-you products in the hard candy category.
Market data
The hard candy category saw moderate growth of 5.2% resulting in $1.1 billion in dollar sales for the 52-week period ending June 16, 2024, according to multi-outlet data from Circana. Unit sales were down 4.9% to 498.5 million, while price per unit increased 10.7% to $2.25.
The top three players in the category all experienced growth. Dollar sales for the Hershey Company (which owns the Jolly Rancher brand) were up 5.7%, resulting in $171.2 million. Bazooka Candy Brands’ sales grew 29.2% to $127.1 million, and Storck (owner of the Werther’s brand) was up 3.1% to $125.4 million.
Other notable dollar-sales sweet spots in the category during the time period:
- Spangler Candy Company: $102.8 million, up 9.6%
- Tootsie Roll Company:, $87.9 million, up 2.4%
- Mars Wrigley Company, makers of Lifesavers: up 7.2% to $56.3 million