Hard-Boiled Confectionery Market By Type (Suckers and Lollipops, Jawbreakers, Candy Canes, Rock Candy, Drops and disks, Others), By Flavor (Cherry, Watermelon, Lemon, Strawberry, Orange, Butterscotch, Others), By Age Group (Children, Adult, Geriatric), By

Hard-Boiled Confectionery Market By Type (Suckers and Lollipops, Jawbreakers, Candy Canes, Rock Candy, Drops and disks, Others), By Flavor (Cherry, Watermelon, Lemon, Strawberry, Orange, Butterscotch, Others), By Age Group (Children, Adult, Geriatric), By Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, E-commerce, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

The global hard-boiled confectionery market was valued at $15,621.8 million in 2021, and is projected to reach $21,290.9 million by 2031, registering a CAGR of 3.2% from 2022 to 2031. Hard-boiled confectionery is generally made from sugar-based syrups by heating it at a temperature of around 160 °C. It is also known as boiled candy or hard candy. The global hard-boiled confectionery market is expected to witness a significant growth owing to the rise in disposable income and rising affordability in developing economies. Moreover, the growing global population is anticipated to have a positive impact on the market in the foreseeable future. The rising health consciousness among consumers is expected to boost the demand for sugar-free hard-boiled confectioneries during the forecast period. Moreover, the rapidly aging population and rise in the prevalence of diabetes across the globe is expected to propel the demand for the low-calorie, sugar-free hard-boiled candy in the near future.

Product innovation is one of the most influencing factors in the confectionery industry. Factors such as health awareness & consciousness among customers and varying consumer eating habits & tastes, tend to drive innovation. Manufacturers increase their product range by including functional ingredients, organic herbal fillings, tropical fruit, and nut-based & exotic flavors in product formulations to meet changing consumer demands. Furthermore, rise in middle-class consumers has propelled the market growth for premium products. However, escalation in prices of raw materials, due to extreme weather conditions, political instability, and pests & disease may hinder the growth of the market.

The hard-boiled confectionery market is segmented based on type, flavor, age group, distribution channel, and region. Based on type, the market is categorized into suckers and lollipops, jawbreakers, candy canes, rock candy, drops and disks, and others. By flavor, it is segmented into cherry, watermelon, lemon, strawberry, orange, butterscotch, and others. Depending on the age group, the market is categorized into children, adults, and geriatric. By distribution channel, the market is divided into supermarkets and hypermarkets, convenience stores, specialty stores, e-commerce, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East, and Africa).

Ferrero International S.A., Lotte Corporation, Mars, Incorporated, Mondelez International, Inc., Nestle S.A., Parle Products Pvt. Ltd., Perfetti Van Melle, The Hershey Company, Tootsie Roll Industries, and Valeo Foods Group are the major companies profiled in the hard-boiled confectionery market report. These manufacturers are constantly engaged in various developmental strategies such as partnerships, mergers, acquisitions, and new product launches to gain the competitive edge and exploit the prevailing hard-boiled confectionery market opportunities.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hard-boiled confectionery market analysis from 2021 to 2031 to identify the prevailing hard-boiled confectionery market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the hard-boiled confectionery market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global hard-boiled confectionery market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

Others
Suckers and Lollipops
Jawbreakers
Candy Canes
Rock Candy
Drops and disks

By Flavor

Cherry
Watermelon
Lemon
Strawberry
Orange
Butterscotch
Others

By Age Group

Children
Adult
Geriatric

By Distribution Channel

Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
E-commerce
Others

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Colombia
Saudi Arabia
South Africa
Turkey
Rest of LAMEA

Key Market Players

Mondelez International Inc.
Nestlé S.A
parle products pvt. ltd
Perfetti Van Melle
The Hershey Company
Tootsie Roll Industries, Inc.
valeo foods group
Lotte Corporation
Mars, Incorporated
FERRERO INTERNATIONAL S.A.

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