Rock Candy Market
Rock Candy Market Forecasts to 2030 - Global Analysis By Type (Plain Rock Candy, Flavored Rock Candy and Other Types), By Form (Sticks and Crystals), Distribution Channel, Application and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $675.9 MN |
|
Projected Year Value (2030) |
US $877.5 MN |
|
CAGR (2023-2030) |
3.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Rock Candy Market is accounted for $675.9 million in 2023 and is expected to reach $877.5 million by 2030 growing at a CAGR of 3.8% during the forecast period 2023-2030. Rock candy is a crystallized sugar confectionery characterized by its hard, transparent crystals formed on a string or stick. It is made by dissolving sugar in water, allowing it to crystallize over time, often with the addition of food coloring or flavoring. Rock candy is known for its sweet taste, crunchy texture, and visually appealing appearance, making it a popular.
Market Dynamics:
Driver:
Increasing consumer demand
Consumer preferences for nostalgic and indulgent treats, coupled with rising disposable incomes, contribute to the growing demand for rock candy. The unique texture, appealing appearance, and wide variety of flavors offered by rock candy attract consumers of all ages. Additionally, its popularity as a gift item or novelty product further drives demand, especially during festive seasons and special occasions making it a key driver for market growth.
Restraint:
Health concerns about sugar consumption
With increasing awareness of the adverse health effects associated with high sugar intake, consumers are becoming more cautious about their dietary choices. Rock candy, being predominantly sugar-based, faces scrutiny from health-conscious consumers seeking to reduce their sugar intake to mitigate risks such as obesity, diabetes, and dental issues. This heightened awareness has led to a shift in consumer preferences towards healthier snacking options, including sugar-free or low-sugar alternatives. As a result, traditional rock candy sales may face challenges in maintaining market share.
Opportunity:
Growing popularity in baking and decorating
The growing popularity of rock candy in baking and decorating presents a significant opportunity in the market. Rock candy's vibrant colors, unique shapes, and sparkling appearance make it a versatile ingredient for enhancing the visual appeal of baked goods, desserts, and confections. Additionally, its sweet flavor and crunchy texture add an enticing dimension to various culinary creations, attracting baking enthusiasts and professional decorators. Capitalizing on this trend can open up new avenues for product innovation and market expansion within the baking industry.
Threat:
Competition from substitute products
As consumers increasingly prioritize healthier snacking options and seek alternatives to traditional sugary treats, the market faces competition from various substitute products such as sugar-free candies, natural snacks, and fruit-based confectionery. These substitutes offer lower calorie content, healthier ingredients, and perceived nutritional benefits, appealing to health-conscious consumers. Moreover, the availability of a wide range of alternative snacks and confectionery products intensifies competition for market share.
Covid-19 Impact:
The COVID-19 pandemic has had a mixed impact on the rock candy market. While there has been increased demand for comfort foods and treats during lockdowns, disruptions in supply chains and retail operations have affected market growth. Additionally, economic uncertainties and changing consumer behaviours have led to fluctuations in purchasing patterns, influencing the market's performance during the pandemic.
The plain rock candy segment is expected to be the largest during the forecast period
The plain rock candy segment is projected to dominate the rock candy market during the forecast period, capturing the largest market share. This dominance can be attributed to the timeless appeal and versatility of plain rock candy, which appeals to a wide range of consumers seeking a classic and pure sugar confectionery experience. Additionally, plain rock candy serves as a base ingredient for various flavored and specialty rock candy products, further contributing to its market prominence and sustained demand in the confectionery industry.
The online retail segment is expected to have the highest CAGR during the forecast period
The online retail segment is projected to witness the highest CAGR in the rock candy market during the forecast period. This growth is fueled by increasing internet penetration, rising consumer preference for online shopping due to convenience and accessibility, and the proliferation of e-commerce platforms. Moreover, online retail offers a wide range of product choices, competitive pricing, and doorstep delivery options, driving its popularity among consumers seeking convenience and diverse purchasing options for rock candy products.
Region with largest share:
The Asia Pacific region is anticipated to command the largest market share in the rock candy market. This dominance is driven by several factors, including the region's large population, rising disposable incomes, and growing demand for confectionery products. Additionally, the presence of key manufacturers in countries like China and India, coupled with expanding distribution networks and increasing consumer awareness about different confectionery options, further contributes to the region's significant market share in the global rock candy market.
Region with highest CAGR:
The North American region is poised for substantial growth in the rock candy market due to rising disposable incomes, changing consumer preferences for indulgent and nostalgic treats, and a thriving confectionery industry contributing to the market's expansion. Moreover, innovative product offerings, strategic marketing initiatives, and increased online retail penetration further drive market growth. Additionally, the region's strong distribution networks and robust retail infrastructure facilitate easy access to a diverse range of rock candy products, fostering market growth.
Key players in the market
Some of the key players in Rock Candy Market include Amusemints, Candy Envy, Claeys Candy, Inc., CRYSTAL'S INC, Designer Candy Pty Ltd, Dryden & Palmer, Espeez Candy, Gilliam Candy Company, Hammond's Candies, LorAnn Oils, Old Time Candy Company, Primrose Candy Company, Promotional Candy Company Ltd, Rock Candy Kings of Rock, The Himalayan Salt Factory, The Nutty Fruit House, Walkers Candy Co. and Zubi Candy.
Key Developments:
In March 2021, Claeys Candy, Inc. has plans to build a new candy factory—an $8.1million marvel at the Blackthorn Corporate Park on South Bend’s far west side. Claeys will see the size of the factory floor, and its production capacity double. It will be a far cry from the days of Jerome Claeys who started the business in 1919 in a rented garage.
Types Covered:
• Plain Rock Candy
• Flavored Rock Candy
• Other Types
Forms Covered:
• Sticks
• Crystals
Distribution Channels Covered:
• Supermarkets/Hypermarkets
• Convenience Stores
• Online Retail
• Other Distribution Channels
Applications Covered:
• Retail Consumption
• Confectionery Industry
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Rock Candy Market, By Type
5.1 Introduction
5.2 Plain Rock Candy
5.3 Flavored Rock Candy
5.4 Other Types
6 Global Rock Candy Market, By Form
6.1 Introduction
6.2 Sticks
6.3 Crystals
7 Global Rock Candy Market, By Distribution Channel
7.1 Introduction
7.2 Supermarkets/Hypermarkets
7.3 Convenience Stores
7.4 Online Retail
7.5 Other Distribution Channels
8 Global Rock Candy Market, By Application
8.1 Introduction
8.2 Retail Consumption
8.3 Confectionery Industry
9 Global Rock Candy Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Amusemints
11.2 Candy Envy
11.3 Claeys Candy, Inc.
11.4 CRYSTAL'S INC
11.5 Designer Candy Pty Ltd
11.6 Dryden & Palmer
11.7 Espeez Candy
11.8 Gilliam Candy Company
11.9 Hammond's Candies
11.10 LorAnn Oils
11.11 Old Time Candy Company
11.12 Primrose Candy Company
11.13 Promotional Candy Company Ltd
11.14 Rock Candy Kings of Rock
11.15 The Himalayan Salt Factory
11.16 The Nutty Fruit House
11.17 Walkers Candy Co.
11.18 Zubi Candy
List of Tables
1 Global Rock Candy Market Outlook, By Region (2021-2030) ($MN)
2 Global Rock Candy Market Outlook, By Type (2021-2030) ($MN)
3 Global Rock Candy Market Outlook, By Plain Rock Candy (2021-2030) ($MN)
4 Global Rock Candy Market Outlook, By Flavored Rock Candy (2021-2030) ($MN)
5 Global Rock Candy Market Outlook, By Other Types (2021-2030) ($MN)
6 Global Rock Candy Market Outlook, By Form (2021-2030) ($MN)
7 Global Rock Candy Market Outlook, By Sticks (2021-2030) ($MN)
8 Global Rock Candy Market Outlook, By Crystals (2021-2030) ($MN)
9 Global Rock Candy Market Outlook, By Distribution Channel (2021-2030) ($MN)
10 Global Rock Candy Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
11 Global Rock Candy Market Outlook, By Convenience Stores (2021-2030) ($MN)
12 Global Rock Candy Market Outlook, By Online Retail (2021-2030) ($MN)
13 Global Rock Candy Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
14 Global Rock Candy Market Outlook, By Application (2021-2030) ($MN)
15 Global Rock Candy Market Outlook, By Retail Consumption (2021-2030) ($MN)
16 Global Rock Candy Market Outlook, By Confectionery Industry (2021-2030) ($MN)
17 North America Rock Candy Market Outlook, By Country (2021-2030) ($MN)
18 North America Rock Candy Market Outlook, By Type (2021-2030) ($MN)
19 North America Rock Candy Market Outlook, By Plain Rock Candy (2021-2030) ($MN)
20 North America Rock Candy Market Outlook, By Flavored Rock Candy (2021-2030) ($MN)
21 North America Rock Candy Market Outlook, By Other Types (2021-2030) ($MN)
22 North America Rock Candy Market Outlook, By Form (2021-2030) ($MN)
23 North America Rock Candy Market Outlook, By Sticks (2021-2030) ($MN)
24 North America Rock Candy Market Outlook, By Crystals (2021-2030) ($MN)
25 North America Rock Candy Market Outlook, By Distribution Channel (2021-2030) ($MN)
26 North America Rock Candy Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
27 North America Rock Candy Market Outlook, By Convenience Stores (2021-2030) ($MN)
28 North America Rock Candy Market Outlook, By Online Retail (2021-2030) ($MN)
29 North America Rock Candy Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
30 North America Rock Candy Market Outlook, By Application (2021-2030) ($MN)
31 North America Rock Candy Market Outlook, By Retail Consumption (2021-2030) ($MN)
32 North America Rock Candy Market Outlook, By Confectionery Industry (2021-2030) ($MN)
33 Europe Rock Candy Market Outlook, By Country (2021-2030) ($MN)
34 Europe Rock Candy Market Outlook, By Type (2021-2030) ($MN)
35 Europe Rock Candy Market Outlook, By Plain Rock Candy (2021-2030) ($MN)
36 Europe Rock Candy Market Outlook, By Flavored Rock Candy (2021-2030) ($MN)
37 Europe Rock Candy Market Outlook, By Other Types (2021-2030) ($MN)
38 Europe Rock Candy Market Outlook, By Form (2021-2030) ($MN)
39 Europe Rock Candy Market Outlook, By Sticks (2021-2030) ($MN)
40 Europe Rock Candy Market Outlook, By Crystals (2021-2030) ($MN)
41 Europe Rock Candy Market Outlook, By Distribution Channel (2021-2030) ($MN)
42 Europe Rock Candy Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
43 Europe Rock Candy Market Outlook, By Convenience Stores (2021-2030) ($MN)
44 Europe Rock Candy Market Outlook, By Online Retail (2021-2030) ($MN)
45 Europe Rock Candy Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
46 Europe Rock Candy Market Outlook, By Application (2021-2030) ($MN)
47 Europe Rock Candy Market Outlook, By Retail Consumption (2021-2030) ($MN)
48 Europe Rock Candy Market Outlook, By Confectionery Industry (2021-2030) ($MN)
49 Asia Pacific Rock Candy Market Outlook, By Country (2021-2030) ($MN)
50 Asia Pacific Rock Candy Market Outlook, By Type (2021-2030) ($MN)
51 Asia Pacific Rock Candy Market Outlook, By Plain Rock Candy (2021-2030) ($MN)
52 Asia Pacific Rock Candy Market Outlook, By Flavored Rock Candy (2021-2030) ($MN)
53 Asia Pacific Rock Candy Market Outlook, By Other Types (2021-2030) ($MN)
54 Asia Pacific Rock Candy Market Outlook, By Form (2021-2030) ($MN)
55 Asia Pacific Rock Candy Market Outlook, By Sticks (2021-2030) ($MN)
56 Asia Pacific Rock Candy Market Outlook, By Crystals (2021-2030) ($MN)
57 Asia Pacific Rock Candy Market Outlook, By Distribution Channel (2021-2030) ($MN)
58 Asia Pacific Rock Candy Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
59 Asia Pacific Rock Candy Market Outlook, By Convenience Stores (2021-2030) ($MN)
60 Asia Pacific Rock Candy Market Outlook, By Online Retail (2021-2030) ($MN)
61 Asia Pacific Rock Candy Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
62 Asia Pacific Rock Candy Market Outlook, By Application (2021-2030) ($MN)
63 Asia Pacific Rock Candy Market Outlook, By Retail Consumption (2021-2030) ($MN)
64 Asia Pacific Rock Candy Market Outlook, By Confectionery Industry (2021-2030) ($MN)
65 South America Rock Candy Market Outlook, By Country (2021-2030) ($MN)
66 South America Rock Candy Market Outlook, By Type (2021-2030) ($MN)
67 South America Rock Candy Market Outlook, By Plain Rock Candy (2021-2030) ($MN)
68 South America Rock Candy Market Outlook, By Flavored Rock Candy (2021-2030) ($MN)
69 South America Rock Candy Market Outlook, By Other Types (2021-2030) ($MN)
70 South America Rock Candy Market Outlook, By Form (2021-2030) ($MN)
71 South America Rock Candy Market Outlook, By Sticks (2021-2030) ($MN)
72 South America Rock Candy Market Outlook, By Crystals (2021-2030) ($MN)
73 South America Rock Candy Market Outlook, By Distribution Channel (2021-2030) ($MN)
74 South America Rock Candy Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
75 South America Rock Candy Market Outlook, By Convenience Stores (2021-2030) ($MN)
76 South America Rock Candy Market Outlook, By Online Retail (2021-2030) ($MN)
77 South America Rock Candy Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
78 South America Rock Candy Market Outlook, By Application (2021-2030) ($MN)
79 South America Rock Candy Market Outlook, By Retail Consumption (2021-2030) ($MN)
80 South America Rock Candy Market Outlook, By Confectionery Industry (2021-2030) ($MN)
81 Middle East & Africa Rock Candy Market Outlook, By Country (2021-2030) ($MN)
82 Middle East & Africa Rock Candy Market Outlook, By Type (2021-2030) ($MN)
83 Middle East & Africa Rock Candy Market Outlook, By Plain Rock Candy (2021-2030) ($MN)
84 Middle East & Africa Rock Candy Market Outlook, By Flavored Rock Candy (2021-2030) ($MN)
85 Middle East & Africa Rock Candy Market Outlook, By Other Types (2021-2030) ($MN)
86 Middle East & Africa Rock Candy Market Outlook, By Form (2021-2030) ($MN)
87 Middle East & Africa Rock Candy Market Outlook, By Sticks (2021-2030) ($MN)
88 Middle East & Africa Rock Candy Market Outlook, By Crystals (2021-2030) ($MN)
89 Middle East & Africa Rock Candy Market Outlook, By Distribution Channel (2021-2030) ($MN)
90 Middle East & Africa Rock Candy Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
91 Middle East & Africa Rock Candy Market Outlook, By Convenience Stores (2021-2030) ($MN)
92 Middle East & Africa Rock Candy Market Outlook, By Online Retail (2021-2030) ($MN)
93 Middle East & Africa Rock Candy Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
94 Middle East & Africa Rock Candy Market Outlook, By Application (2021-2030) ($MN)
95 Middle East & Africa Rock Candy Market Outlook, By Retail Consumption (2021-2030) ($MN)
96 Middle East & Africa Rock Candy Market Outlook, By Confectionery Industry (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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