A recent market intelligence report that is published by Data Insights Partner on the global Hard Candies Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Hard Candies Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Hard Candies Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Hard Candies Market is offered. In accordance with the report, the global Hard Candies Market is projected to expand at a CAGR of 3.5 % over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
Hard Candies are prepared from one or more sugar-based syrup that is boiled at a temperature at 160 degrees.
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Due to constant stress on clean-labeled products backed by strict government regulations, manufacturers are now stressing on the amount of sugar content in hard candies, organic, GMO free, kosher food colors, sweeteners and other ingredients, that is likely to contribute to the growth of this category. Ever growing population in emerging economies driven by impulsive purchasing behavior of consumers is the major driver for the growth of global hard candies market in the forecast period. Also, with an increase in media advertisements and campaigns are directly impacting the sales rate of sugar-based confectionary thereby impacting the growth of this market further. Major consumers of hard candies are children and young population. With the current awareness of high quantity of sugar leading to diabetes, obesity etc., manufacturers are addressing this issue by developing low – calorie and sugar – free candy substitutes. With this shift, manufacturers are mitigating the adverse perception of consumers thereby anticipating greater speed in market growth of hard candies. Cough drops are also used for medicinal use like throat lozenges. Many medicines and lozenges are prepared using isomalt as sugar substitute, made in the form of hard candy to make their prescriptions more acceptable to their consumers.
Asia Pacific is the largest market followed by Middle East and Africa. To cater to the ever-growing demand for hard candies, many companies are introducing innovative seasonal flavors & tastes such as raw mango, tamarind, strawberry etc. in conjunction with strategic expansions, mergers, acquisitions and launches thereby making their market presence stronger with high market share. Recently, Zollipop’s used ingredients like stevia, xylitol and erythritol instead of sugar thereby making it easy for consumers to opt for healthy options while still retaining the taste. Many manufacturers are also looking for tasteful substitutes for saturated fat in chocolate hard candies.
This market intelligence report on the global Hard Candies Market encompasses market segments based on application, type, and country/regions.
In terms of Types, the global Hard Candies Market is segregated into
- Chocolate Candies
- Non-Chocolate Candies
ü Hard Boiled Candies
ü Pastilles, Gums, Jellies & Chews
ü Toffees, Caramels and Nougat
- Medicated Confectionary
By distribution channel, the global Hard Candies Market is also classified into,
- Store Based Retailing
ü Hypermarkets / Supermarkets
ü Convenience Store
ü Food & Drink Specialty Store
ü Independent Small Groceries
- Online Retailing
By country/region, the global Hard Candies Market has been divided into
- North America (the U.S., Canada),
- Latin America (Brazil, Mexico, Argentina and other countries),
- Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
- Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
- Middle East and Africa (GCC, South Africa, Israel and Other countries).
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Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
- UHA Mikakuto Co. Ltd
- Ferrara Candy Company
- Pop Rocks
- The Hershey Company
- Dum Dums
- Life Savers
- Jolly Rancher
- Werthers Originals
- Tootsie Roll Inc.
- Perugina (Nestle) and many more.
Other players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Hard Candies related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Ø This study offers comprehensive yet detailed analysis of the Hard Candies Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Hard Candies Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as UHA Mikakuto Co. Ltd, Skittles, Ferrara Candy Company, Pop Rocks, The Hershey Company, YumEarth, Zollipops, Dum Dums, LifeSavers, MARS, Charms, Jolly Rancher, Werthers Originals, Tootsie Rolls Inc., Perugina (Nestle) and many more.
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Hard Candies Market caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Hard Candies Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
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v Identification of key factors driving investment opportunities in the Hard Candies Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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