Hard Candies Market Projected size Discern

Hard Candies Market is offered. In accordance with the report, the global Hard Candies Market is projected to expand at a CAGR of 3.5 % over the period of forecast.

Market Insight, Drivers, Restraints& Opportunity of the Market:

Hard Candies are prepared from one or more sugar-based syrup that is boiled at a temperature at 160 degrees.

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Due to constant stress on clean-labeled products backed by strict government regulations, manufacturers are now stressing on the amount of sugar content in hard candies, organic, GMO free, kosher food colors, sweeteners and other ingredients, that is likely to contribute to the growth of this category. Ever growing population in emerging economies driven by impulsive purchasing behavior of consumers is the major driver for the growth of global hard candies market in the forecast period. Also, with an increase in media advertisements and campaigns are directly impacting the sales rate of sugar-based confectionary thereby impacting the growth of this market further. Major consumers of hard candies are children and young population. With the current awareness of high quantity of sugar leading to diabetes, obesity etc., manufacturers are addressing this issue by developing low – calorie and sugar – free candy substitutes. With this shift, manufacturers are mitigating the adverse perception of consumers thereby anticipating greater speed in market growth of hard candies. Cough drops are also used for medicinal use like throat lozenges. Many medicines and lozenges are prepared using isomalt as sugar substitute, made in the form of hard candy to make their prescriptions more acceptable to their consumers.

Asia Pacific is the largest market followed by Middle East and Africa. To cater to the ever-growing demand for hard candies, many companies are introducing innovative seasonal flavors & tastes such as raw mango, tamarind, strawberry etc. in conjunction with strategic expansions, mergers, acquisitions and launches thereby making their market presence stronger with high market share. Recently, Zollipop’s used ingredients like stevia, xylitol and erythritol instead of sugar thereby making it easy for consumers to opt for healthy options while still retaining the taste. Many manufacturers are also looking for tasteful substitutes for saturated fat in chocolate hard candies.

Segment Covered:

This market intelligence report on the global Hard Candies Market encompasses market segments based on application, type, and country/regions.

In terms of Types, the global Hard Candies Market is segregated into

 

  • Chocolate Candies
  • Non-Chocolate Candies

ü  Hard Boiled Candies

ü  Pastilles, Gums, Jellies & Chews

ü  Toffees, Caramels and Nougat

ü  Mints

ü  Others

  •  Liquorice
  •  Lollipops
  •  Medicated Confectionary
  •  Others

By distribution channel, the global Hard Candies Market is also classified into,

  • Store Based Retailing

ü  Hypermarkets / Supermarkets

ü  Convenience Store

ü  Food & Drink Specialty Store

ü  Independent Small Groceries

ü  Others

  • Online Retailing

By country/region, the global Hard Candies Market has been divided into

  • North America (the U.S., Canada),
  • Latin America (Brazil, Mexico, Argentina and other countries),
  • Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
  • Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
    • Middle East and Africa (GCC, South Africa, Israel and Other countries).

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