About Nougat
Nougat is the confectionery product categorized into white nougat, brown nougat, and german nougat. The ingredients used in the nougats slightly differs according to the types, for example, white nougat is primarily made of egg whites, sugar, and nuts like almonds, hazelnuts, and pistachios. The brown nougat is slightly different which is made generally without the egg whites using only caramelized sugar making it a lot thicker than white ones. And the german nougat are made of only chocolates, sugar, and almonds. They are widely used in candies, cakes, ice-creams, etc.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hans Kaspar AG (Switzerland), Golden Bonbon (ASTI Holdings Ltd.) (Canada), Walters Nougat (South Africa), Mondelez International (United States), Mars Wrigley Incorporated (United States), Peeters Group (Germany), Sprigioniamo Sapori (Italy), Mondo Nougat (Australia), Nougat Chabert & Guillot (France), Gran Despensa (Spain) and Condorelli Company (Italy) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Nougat market by Type (White Nougat, Brown Nougat and German or Viennese Nougat), Application (Candy Bars, Chocolates, Ice creams and Cakes) and Region.
On the basis of geography, the market of Nougat has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Ingredient, the sub-segment i.e. Egg Whites will boost the Nougat market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online will boost the Nougat market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Introduction of New Candy Flavored Nougat and The Emerging Sustainable Sweet Packaging of Nougat Products
Market Growth Drivers:
Growing Confectionery Demand for Nougat Products From Bakeries and Increasing Demand for Chocolate around the World
Challenges:
Issues Associated with Stability and Shelf Life of Nougat Products
Restraints:
Regulatory Compliances Regarding Consumption of Nougat and Side Effects Related Concerns with Nougat
Opportunities:
The Surging Availability of Nougat Products in Online Stores
Market Leaders and their expansionary development strategies
In January 2021, Valeo Foods Group has acquired Schluckwerder Holding GmbH, the leading specialist producer of confectionery products popular throughout Germany and internationally.
On 16th January 2020, Mars Wrigley Incorporated announced te largest Snickers bar and created a Guinness World Record. This Snicker bar, weighing more than two metric tons is bigger than its coming plan which they have launched a week before the Super Bowl LIV. This Snicker bar features the same classic ingredients that have made the brand one of America's favourite treats -but on a much larger scale. It includes more than 1,200 pounds of caramel, peanut and nougat mixed along with nearly y3,500 pounds of chocolate.
"The Argentine Food Code contains detailed packaging regulation, in general, food packaging must be manufactured with authorized materials that correspond to stated specifications, have closures that prevent involuntary opening under reasonable conditions, and may not transfer undesirable, toxic, or polluting substances to food (outside specified tolerance levels), or modify the compositional or sensory characteristics of the food. Argentine Food Code specifies that the capacity of a food product’s packaging must be related to the actual volume of the product, and should not be more than 10% larger than the food it contains (for opaque, hermetically sealed containers), or 5% larger (for transparent food containers)."
Key Target Audience
Nougat Manufacturers, Nougat Distributors and Suppliers, Research and Development Institutes, Regulatory Bodies, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.