About Lollipop
The global lollipop market is expected to grow at a sluggish pace during the forecast period, according to the AMA study. The increasing demand from young age population across the world and the growing chocolate industry are expected to be one of the major drivers market. However, the market is expected to witness a slight decline in the growth during the next few years but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The vendors in this market are majorly focusing on developing new & innovative products and solutions in order to cater to the market's demands to remain competitive in the highly fragmented global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Lollipop 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.
Chupa Chups (Spain), Kendon Candies (United States), Fujiya (Japan), Hsu Fu Chi (China), Mars, Inc. (United States), Oishi (United States), Perfetti Van Melle (Italy), Mondelez International (United States), Lotte (South Korea) and The Hershey Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Wrigley Company (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Lollipop market by Type (Hard Candy and Soft Candy), Application (Supermarkets, Hypermarkets, Convenience Stores, Online Retailers and Others) and Region.
On the basis of geography, the market of Lollipop 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 Sales Channel, the sub-segment i.e. Online will boost the Lollipop market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Flavour, the sub-segment i.e. Fruit will boost the Lollipop market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Adoption of Online Sales Channel
Market Growth Drivers:
Increasing Demand from Young Age Population Across the World and Growing Chocolate Industry
Challenges:
Suspended Production for Unexpected Time Across the World
Restraints:
The Outbreak of COVID-19 Pandemic is one of the Major Restraints for the Market as Most of the Industries have been Facing Economic Crisis Across the World
Opportunities:
Opportunities in Asia Pacific Region Owing to Countries Such as China and India
Market Leaders and their expansionary development strategies
In April 2022, Mondelēz International announced it has entered into an agreement with Grupo Bimbo to acquire its confectionery business, Ricolino, for approximately USD 1.3 billion USD. Ricolino is a growing business with a leading confectionery position in Mexico. The acquisition will transform Mondelēz International’s business in the high-priority Mexico market to accelerate growth and scale in core snacking categories.
In December 2023, Hershey India, a part of The Hershey Company, has announced the launch of its latest offering JOLLY RANCHER Two-Much, an addition to the lollipop portfolio. It aims to redefine the lollipop experience with its unique blend of blueberry and strawberry flavours in a single pop.
Stringent Worldwide Government Regulations Regarding Lock-Down of Markets & Cities Across Different Countries of the World to Avoid the Spread of COVID-19
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries 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.