About Hard Boiled Sweets
An increase in disposable income and rising demand for sweets among children and youngster have propelled the demand for hard boiled sweets. The Hard candy or Boiled sweet refers to sugar candy which is prepared from sugar based syrup and boiled to the temperature of 160 °C (320 °F). Growing number of new product developments has contributed towards the high growth of the hard-boiled sweet market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global hard candy market is highly fragmented due to a large number of local and international suppliers. On the global platform, the top five companies account for half of the industry’s revenues, while small and medium firms from Europe also have significant global presence. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Hard Boiled Sweets 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.
Mars Incorporated (United States), Nestle (Switzerland), Mondelez International (United States), Barcel S.A. (Mexico), Ferrero (Italy), Hersheys (United States), Meiji (Japan), Storck (Germany), Yildiz Holding (Turkey), United Confectioners (Moscow), Bourbon Corp (Japan), Roshen Confectionery (Ukraine) and Crown Confectionery Co., Ltd. (South Korea) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hard Boiled Sweets market by Type (Pure Sweet, Sour and Sweet and Others), Application (Retail Stores, Specialty Stores, Online Stores and Others) and Region.
On the basis of geography, the market of Hard Boiled Sweets 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 End User, the sub-segment i.e. Adult will boost the Hard Boiled Sweets market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Innovation and Premium Product Launches
Market Growth Drivers:
Increasing Disposable Income and Urbanization and Rising Demand Among Children and Youngster
Challenges:
Availability of Substitutes in a Wide Variety
Restraints:
Growing Health Concern and Changing Consumer Preference
Opportunities:
Increasing Internet Penetration and Rising Online Delivery of Products
Market Leaders and their expansionary development strategies
In September 2020, Alpenliebe, a confectionery brand, announced the expansion of its fruit candy product offering with the launch of Alpenliebe JuiCyfills. The product is infused with fruit juice content and vitamin C.
In August 2023, Lotte India, a leading confectionery manufacturer has launched of the beloved coffee-toffee brand, Coffy Bite Rich. The product is blended with rich coffee and creamy vanilla, ensuring the coffee-based taste of the product.
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.