Industry: Food and Beverages
Published Date: March-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 349
Report ID: PMRREP29188
Global Rock Candy Market is estimated at US$ 677.2 Million and is anticipated to be valued at US$ 907.2 Million by end of 2033. The market is predicted to grow at rate of 3.6% in impending years owing to high demand for flavoured candies across the globe.
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Rock Candy Market Size (2023E) |
US$ 677.2 Million |
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Projected Sales of Rock Candy (2033F) |
US$ 907.2 Million |
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Value CAGR (2023 to 2033) |
3.6% |
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Value Share of Top 4 Countries (2022E) |
38.5% |
In the preceding years, the market incurred the value of US$ 566.4 Million in 2018 and grew by 3.2% to reach the valuation of US$ 651.2 Million by 2022.
Rock candy is simplest and purest form of candy, which is produced from recrystallization of sugar. These candy is not easy to produce, owing to high operational cost and intense time. It is also a vital product to use in several beverage items to increase sweetness. In Iran and East Persia, it is mostly used in tea. In China, rock candy finds the application in several dessert items such as dessert soup and liquor baiju along with food items such as fish, meat, vegetable, and chicken dishes.
In the forthcoming years, sales revenue is predicted to grow at 3.6%, due to key drivers such as low-calorie or sugar-free candies, and ingredient transparency are making a significant impact on the global rock candy market.
“Growing Demand for Organic and Vegan Candy”
The growing consumption of organic and vegan food products is also opening new avenues for the candy market, as manufacturers are also seeing beneficial opportunities in the candy business. Manufacturers are also using fat-free, dairy-free, and plant-based ingredients for candy manufacturing. The players are also taking lucrative advantages of prevailing trend of veganism and are offering innovative flavorful candies, which meet the market dynamics.
For instance, manufacturers such as Hammond's Candies provides organic candy cane products to consumers as per the growing demand for organic candy products.
Another manufacturer, Candy United Kingdom Manufacturing Limited is also offering rock candies which are suitable to use by vegetarian and vegan consumers.
“Consumer Preferring Customized Rock Candies”
Customized rock candy has emerged as a new promising solution for consumers as it is providing better personalized experience to them. Consumers are keen to add more sweetness to their special occasions, which has led to increase in demand for personalized candy products. Adding name or logo on candies and creating different shapes, is among the major personal choices for customized candies.
Additionally, especially kids, are more influenced towards custom candies and demand for rock candies in the shape of their favorite superhero characters and sports players. Customized rock candies for wedding and during other social events is also adding to new customizable experience to consumers.
For instance, Designer Candy Pty Ltd. from Australia is majorly focusing towards offering personalized candy solutions to consumers. In the confectionery industry, consumers are taking more interest in personalized confectionery products. This has led candy manufacturers such as Designer Candy Pty Ltd. to provide candy in different shapes, pinstripe types, colors, and flavors.
“Rising Preference for Corporate Candy”
In the corporate business, major corporate companies are increasing spending on its social events and product launches, which has established the market demand for corporate candies. Corporate events mostly include large gatherings, which has spurred the demand for flavorful rock candies in corporate offices.
Furthermore, corporate candies are involved in the brand and product promotional activities of big corporate clients, which further provide beneficial opportunities to corporate rock candy manufacturers. Corporate rock candies are formulating advantageous set-up for corporate houses, and are becoming one of the favorable options for them.
For instance, the U.K.-based Promotional Candy Company Ltd., offers logo rock sweets, which are mainly used for promotional purposes. The company’s logo rock sweets can be used for the promotion of brands and companies. This type of logo or promotional sweets also boost brand awareness.
“Growing Avoidance of Sugar-related Confectionery Products”
As the health-conscious population is increasing across the world, consumers are avoiding high sugar-containing products. This is further affecting the production of rock candy as sugar is the major ingredient in the rock candy business. Sugar contains high calories and one of the major contributing factors for the diseases such as diabetics and obesity. Moreover, high sugar consumption has also led to several type of tooth ache and digestion problem. These all aspects are creating a negative environment among consumers regarding high intake of sugar. Therefore, increasing number of consumers who are keen to avoid sugar-related food products is further restraining the growth of the rock candy market.
What is the consumption outlook of rock candy in the Europe?
Europe dominates the global rock candy market with the highest value share of 32.7%. This is attributable to high production volume and traditional consumption pattern of rock candy in the region.
What is growth rate of Rock Candy in East Asia?
Consumers from East Asia are increasingly moving towards the consumption of flavourful rock candies, which is further implying the significant growth of the global rock candy market during the forecast period. The consumption of rock candy in the East Asia is predicted to grow at rate 5.4% in the forthcoming years.
Which flavour of rock candies are preferred by the consumers across the globe?
Citrus and berries flavoured rock candy are projected to exhibit substantial consumption in the global rock candy market. The major contributing factor is rising consumer inclination towards diverse range of citrus and berry flavors such as acai berries, orange, raspberries, strawberries, and others. The berries rock candy is valued at US$ 164.9 Million for 2023 and is estimated to grow at 4.1% value CAGR in the forecast period.
Which type of rock candy holds highest market share in the global rock market?
Based on the type, the market for rock candy is bifurcated into rock candy on sticks, rock candy as free crystals and others. The rock candy on sticks is witnessing the highest market value share of 49.9% owing to high product availability and consumption rate of the product.
The players in the global rock candy market are adopting the strategy such as product diversification and offering products as per the consumer trend. The rock candy market is benefitted from the growing consumer demand for customized rock candy along with availability of flavorful rock candies in the market. Therefore, manufactures are focused on increasing their focus on customer satisfaction and offering personalize candy solutions to consumers.
Players are also adopting the key strategy like geographical expansion and are aiming to offer products in different with the support of streamlined distribution channel. Moreover, the companies are rendering sugar-free candies to consumers as per the growing demand for healthy products among the shoppers particularly from west countries. Furthermore, acquiring international quality certificate is the foremast growth approach adopted by producers to develop as well as quality rock candy in the marketplace.
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Attribute |
Details |
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Forecast period |
2023-2033 |
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Historical data available for |
2018-2022 |
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Market analysis |
USD million for value |
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Key regions covered |
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Key countries covered |
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Key market segments covered |
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Key companies profiled |
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Report coverage |
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Customization & pricing |
Available upon request |
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The global market for Rock Candy has a value of US$ 677.2 Mn in 2023.
The global market for Rock Candy has a value CAGR of 3.2% from 2018-2022.
The global market for Rock Candy has a value of US$ 907.2 Mn in 2033.
The global market for Rock Candy has a value CAGR of 3.6% from 2023-2033.
Key players like Richardson brands company, Candy U.K. manufacturing limited, Australian sweet co., and Walkers candy co. has the global presence and export the rock candy to various countries.
