About Cotton Candy
The cotton candy market is expected to grow in the future due to the rising number of amusement parks and the availability of innovative flavors with colors. Cotton candy is a light and fluffy sugar confectionery that resembles cotton wool. It is made by melting a sugar composition and spinning it into fine strands. The strands are then collected on a cardboard tube or bundled in a continuous mass.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is highly competitive due to the presence of several prominent vendors within the industry. Some of the prominent vendors are adopting some organic and inorganic strategies such as merger, acquisition, partnership, product launches in order to gain competitive advantage. Moreover, some of the leading vendors are focusing on technological advancements in order to offer products as per the market necessities. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Cotton Candy market throughout the forecasted period. 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), Haribo (Germany), Hsu Fu Chi (China), Totti Candy Factory (Japna) and Liwayway Holdings Company Limited (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Cotton Candy market by , Application (Personal Consumption, Hotels, Restaurants, Carnivals and Amusement Parks) and Region.
On the basis of geography, the market of Cotton Candy 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 Distribution Channel, the sub-segment i.e. Supermarkets and Hypermarkets will boost the Cotton Candy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Ingredients, the sub-segment i.e. Suger will boost the Cotton Candy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. Stick will boost the Cotton Candy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Flavor, the sub-segment i.e. Raspberry will boost the Cotton Candy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for Sugar-free and Low-calorie Cotton Candy
Market Growth Drivers:
Rising Cotton Candy Consumption across Various Age Groups and Growth in the Retail Market
Challenges:
Volatile Nature of Raw Material Prices and Concern Related to packaging
Restraints:
Growth in Health Awareness Globally
Opportunities:
Introduction of New Innovative Flavors & Healthy Ingredients and Increasing Number of Carnivals and Amusement Parks
Market Leaders and their expansionary development strategies
In May 2022, Bazooka candy Brands, came up with Push Pop Gummy Pop-its in three flavors, namely blue raspberry, strawberry, watermelon, and berry blast.
In March 2022, HARIBO unleashed a series of Easter treats including Chick ‘n’ Mix and Jelly Bunnies. It did announce to bring back ‘previous favourites’ as well.
Key Target Audience
Cotton Candy Manufacturers, Raw Material Suppliers, Cotton Candy Suppliers/ Distributors, Potential Investors, Food Industry and Research and Development Firm
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.