About Toffee
Toffee is a confectionery product made by caramelizing sugar Along with some other ingredients, its primary flavor is brown sugar, and butter generally consists of milk/cream but not so prominent as caramel, it is cooked to the hard crack stage. Toffees are available in several flavors like salty, milky, peanut, coffee, butterscotch, and more distributed through various distribution channels with a variety of packaging styles.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
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.
Perfetti Van Melle Group B.V. (Italy), Mondelez International, Inc., (United States), August Storck KG (Germany), Lotte Corporation (Japan), Annabelle Candy Company (United States), Orkla Food Ingredients (Norway), Hsu Fu Chi International Ltd. (Nestle) (China), KDV Group (Russia), THAI AO Chi Fruits Co. Ltd. (Thailand), Fujian Yakefood Ltd (China), Half Moon Bay Salt Water Taffy Co. (United States) and Purple Mountain Taffy Company (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Toffee market by Type (Salty Water Toffee, Milk Toffee, Peanut Toffee and Others), Application (Direct Consumption, Cakes, Ice Cream and Others) and Region.
On the basis of geography, the market of Toffee 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 Nature, the sub-segment i.e. Organic will boost the Toffee market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Confectionery Store will boost the Toffee market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Availability of Toffee in Various Exotic Flavours and Consumption of Toffee among Kids is High
Market Growth Drivers:
Increasing Number of People with Sweet Tooth and Growing Food and Beverages Industry
Challenges:
Adherence to Regulatory Standards on Confectionery
Restraints:
Allergy-Related Issues with Consumption of Toffee to Some People Might be Hindrance
Opportunities:
Increasing Demand from Developing Countries and Innovations in Toffee Market
Market Leaders and their expansionary development strategies
On 1st July 2019, Orkla Food Ingredients through its wholly-owned subsidiary NIC Enterprises has acquired British fudge and toffee manufacturer Confection by Design Ltd. The company operates in the UK through its subsidiaries NIC UK Orchard Valley Foods and County Confectionery.
Key Target Audience
Toffee Manufacturers, Toffee International Traders, Toffee Distributors and Suppliers, Research and Development Institutes, Potential Investors, 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.