Rockville, Jan. 18, 2024 (GLOBE NEWSWIRE) -- According to a new study by Fact.MR, a market research and competitive intelligence provider, the global Rock Candy Market is estimated at US$ 712.3 million in 2024, projected to grow steadily with a 3.6% CAGR through 2034. The market is projected to account for valuation of US$ 1,012.1 million by 2034. The expansion of online retail and e-commerce platforms has increased accessibility to diverse rock candy varieties, allowing consumers worldwide to access and purchase unique flavors and types.
Personalized rock candy has emerged as an exciting solution for consumers, offering a heightened level of customization and tailor-made experiences. There is a growing consumer inclination to infuse sweetness into special occasions, driving a surge in demand for personalized candy products. The adaptability of rock candy as both a standalone treat and a decorative element in culinary presentations or themed events broadens its appeal and usage in different culinary and social settings.
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Key Segments of Rock Candy Industry Research Report
| By Type | By Flavor | By Region |
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Moreover, the allure of customized candies is particularly strong among kids who seek rock candies molded into their beloved superhero characters or favorite sports players. The trend extends beyond personal preferences, with customized rock candies becoming sought-after additions to weddings and various social events, enriching these occasions with unique and customizable confectionery experiences for consumers.
The rising health awareness among consumers, particularly the demand for lower-sugar or sugar-free options, is fueling innovation in rock candy products to cater to health-conscious preferences. In regions where rock candy holds cultural significance or has historical ties to culinary traditions, its continued use in various dishes, desserts, and beverages sustains a consistent market demand.
Key Takeaways from Market Study
- The North America rock candy market is expected to grow at a CAGR of 4.0% through 2034.
- The rock candy industry in the United States holds a dominant share of 81.1% in 2024.The United States dominates the global rock candy market, valued at US$ 134.1 million in 2024.
- The rock candy industry in China is expected to rise at a CAGR of 3.3% through 2034.
- Based on type, rock candy on stick segment hold a 67.21% market share in 2024.
- The flavored segment dominates flavor type with a 90.21% share in 2024.
“The growing demand for flavoured candy and growing trend of artisanal and gourmet foods may further propel the market growth,” remarks an analyst at Fact.MR.
Competitive Landscape
Key players in the industry are strategically expanding their geographical reach, aiming to diversify their product offerings through efficient distribution channels. They are responding to the increasing demand for healthier options, especially in western markets, by introducing sugar-free candies.
Additionally, producers prioritize obtaining international quality certifications as a primary growth strategy, ensuring the development and delivery of high-quality rock candy to meet market standards.
- Australian Sweet Co. is dedicated to enriching its product line by introducing a delightful variety of flavorful rock candies, offering consumers an extensive selection. Their latest lineup introduces an enticing range of flavors, featuring options such as aniseed, fruit rock candies, and more, enhancing the choices available to customers.
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| Report Attribute | Details |
| Value Projection (2034) | USD 1,012.1 Million |
| Growth Rate (2024-2034) | 3.6% CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 48 Tables |
| No. of Figures | 144 Figures |
Rising Market Values: North America and East Asia Lead in Rock Candy Industry
The anticipated value of North America's rock candy market is set to reach US$ 165.3 million in 2024, capturing a substantial 23.2% of the global market share. Simultaneously, East Asia's rock candy industry is projected to reach US$ 177 million in the same year, securing a noteworthy share of 24.8%.
In North America, the United States is poised to dominate with a projected market share of 78.8% by 2034. The online accessibility of rock candy has significantly contributed to its growth, offering consumers a convenient avenue to explore and purchase a variety of flavors and types.
The enduring popularity of rock candy, appreciated for its novelty and visual appeal, remains evident in specific consumer segments. Particularly favored for event decorations, specialty gifts, and nostalgic treats, the versatility of rock candy extends beyond being a sweet delight to serving as a decorative element in various culinary and beverage presentations, ensuring its sustained market presence.
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global rock candy market, presenting historical analysis from 2019 to 2023 and forecast statistics for the period of 2024-2034.
The study reveals essential insights on Type (Rock Candy on Sticks, Rock Candy on Free Crystals, Others) By Flavor (Flavored, Regular) across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East and Africa).
Checkout More Related Studies Published by Fact.MR Research:
Low-Fat Candy Market: The low-fat candy market is also witnessing significant demand from various end-use industries such as snacks or ready-to-use products, driving the demand for global market.
Low Calorie Hard Candy Market: Low calorie hard candy market is estimated to witness an increase in demand. There is a surge in demand of low calorie hard candy because of rising concern of weight gain among kids, youngsters and adults.
Fat Free Candy Market: Fat free candy market is all set to witness propelling growth because of factors like The rising target customer base and product innovation are also expected to drive the growth of the global candy industry.
About Us:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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