It’s a great time to be in the lollipop business. The market for hard candies (almost 40% of which are lollipops) experienced an increase in sales of almost 20% between May 2021 and 2022, with Spangler Candy Co., one of the oldest and largest lollipop manufacturers in the world reporting a 50% increase in sales from $120 million in 2021 to $175 million in 2022. Between 2022 and 2031, lollipop sales are projected to experience the highest compound annual growth rate (3.8%) of all hard candy categories, which Candy Industry magazine says is being driven by nostalgia, health claims and flavor innovations.
With all of this love for lollipops,
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