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Hard-Boiled Confectionery Market by Type, Flavor, Age Group, Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 300 Pages
  • December 2022
  • Region: Global
  • Allied Market Research
  • ID: 5743570
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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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Value Chain Analysis
3.8. Market Share Analysis

CHAPTER 4: HARD-BOILED CONFECTIONERY MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Suckers and Lollipops
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Jawbreakers
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4 Candy Canes
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5 Rock Candy
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country
4.6 Drops and disks
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market share analysis by country
4.7 Others
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market share analysis by country

CHAPTER 5: HARD-BOILED CONFECTIONERY MARKET, BY FLAVOR
5.1 Overview
5.1.1 Market size and forecast
5.2 Cherry
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Watermelon
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Lemon
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5 Strawberry
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country
5.6 Orange
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market share analysis by country
5.7 Butterscotch
5.7.1 Key market trends, growth factors and opportunities
5.7.2 Market size and forecast, by region
5.7.3 Market share analysis by country
5.8 Others
5.8.1 Key market trends, growth factors and opportunities
5.8.2 Market size and forecast, by region
5.8.3 Market share analysis by country

CHAPTER 6: HARD-BOILED CONFECTIONERY MARKET, BY AGE GROUP
6.1 Overview
6.1.1 Market size and forecast
6.2 Children
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Adult
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4 Geriatric
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country

CHAPTER 7: HARD-BOILED CONFECTIONERY MARKET, BY DISTRIBUTION CHANNEL
7.1 Overview
7.1.1 Market size and forecast
7.2 Supermarkets and Hypermarkets
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market share analysis by country
7.3 Convenience Stores
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market share analysis by country
7.4 Specialty Stores
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market share analysis by country
7.5 E-commerce
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market share analysis by country
7.6 Others
7.6.1 Key market trends, growth factors and opportunities
7.6.2 Market size and forecast, by region
7.6.3 Market share analysis by country

CHAPTER 8: HARD-BOILED CONFECTIONERY MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Type
8.2.3 North America Market size and forecast, by Flavor
8.2.4 North America Market size and forecast, by Age Group
8.2.5 North America Market size and forecast, by Distribution Channel
8.2.6 North America Market size and forecast, by country
8.2.6.1 U.S.
8.2.6.1.1 Key market trends, growth factors and opportunities
8.2.6.1.2 Market size and forecast, by Type
8.2.6.1.3 Market size and forecast, by Flavor
8.2.6.1.4 Market size and forecast, by Age Group
8.2.6.1.5 Market size and forecast, by Distribution Channel
8.2.6.2 Canada
8.2.6.2.1 Key market trends, growth factors and opportunities
8.2.6.2.2 Market size and forecast, by Type
8.2.6.2.3 Market size and forecast, by Flavor
8.2.6.2.4 Market size and forecast, by Age Group
8.2.6.2.5 Market size and forecast, by Distribution Channel
8.2.6.3 Mexico
8.2.6.3.1 Key market trends, growth factors and opportunities
8.2.6.3.2 Market size and forecast, by Type
8.2.6.3.3 Market size and forecast, by Flavor
8.2.6.3.4 Market size and forecast, by Age Group
8.2.6.3.5 Market size and forecast, by Distribution Channel
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Type
8.3.3 Europe Market size and forecast, by Flavor
8.3.4 Europe Market size and forecast, by Age Group
8.3.5 Europe Market size and forecast, by Distribution Channel
8.3.6 Europe Market size and forecast, by country
8.3.6.1 Germany
8.3.6.1.1 Key market trends, growth factors and opportunities
8.3.6.1.2 Market size and forecast, by Type
8.3.6.1.3 Market size and forecast, by Flavor
8.3.6.1.4 Market size and forecast, by Age Group
8.3.6.1.5 Market size and forecast, by Distribution Channel
8.3.6.2 France
8.3.6.2.1 Key market trends, growth factors and opportunities
8.3.6.2.2 Market size and forecast, by Type
8.3.6.2.3 Market size and forecast, by Flavor
8.3.6.2.4 Market size and forecast, by Age Group
8.3.6.2.5 Market size and forecast, by Distribution Channel
8.3.6.3 UK
8.3.6.3.1 Key market trends, growth factors and opportunities
8.3.6.3.2 Market size and forecast, by Type
8.3.6.3.3 Market size and forecast, by Flavor
8.3.6.3.4 Market size and forecast, by Age Group
8.3.6.3.5 Market size and forecast, by Distribution Channel
8.3.6.4 Italy
8.3.6.4.1 Key market trends, growth factors and opportunities
8.3.6.4.2 Market size and forecast, by Type
8.3.6.4.3 Market size and forecast, by Flavor
8.3.6.4.4 Market size and forecast, by Age Group
8.3.6.4.5 Market size and forecast, by Distribution Channel
8.3.6.5 Spain
8.3.6.5.1 Key market trends, growth factors and opportunities
8.3.6.5.2 Market size and forecast, by Type
8.3.6.5.3 Market size and forecast, by Flavor
8.3.6.5.4 Market size and forecast, by Age Group
8.3.6.5.5 Market size and forecast, by Distribution Channel
8.3.6.6 Rest of Europe
8.3.6.6.1 Key market trends, growth factors and opportunities
8.3.6.6.2 Market size and forecast, by Type
8.3.6.6.3 Market size and forecast, by Flavor
8.3.6.6.4 Market size and forecast, by Age Group
8.3.6.6.5 Market size and forecast, by Distribution Channel
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Type
8.4.3 Asia-Pacific Market size and forecast, by Flavor
8.4.4 Asia-Pacific Market size and forecast, by Age Group
8.4.5 Asia-Pacific Market size and forecast, by Distribution Channel
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Key market trends, growth factors and opportunities
8.4.6.1.2 Market size and forecast, by Type
8.4.6.1.3 Market size and forecast, by Flavor
8.4.6.1.4 Market size and forecast, by Age Group
8.4.6.1.5 Market size and forecast, by Distribution Channel
8.4.6.2 India
8.4.6.2.1 Key market trends, growth factors and opportunities
8.4.6.2.2 Market size and forecast, by Type
8.4.6.2.3 Market size and forecast, by Flavor
8.4.6.2.4 Market size and forecast, by Age Group
8.4.6.2.5 Market size and forecast, by Distribution Channel
8.4.6.3 Japan
8.4.6.3.1 Key market trends, growth factors and opportunities
8.4.6.3.2 Market size and forecast, by Type
8.4.6.3.3 Market size and forecast, by Flavor
8.4.6.3.4 Market size and forecast, by Age Group
8.4.6.3.5 Market size and forecast, by Distribution Channel
8.4.6.4 South Korea
8.4.6.4.1 Key market trends, growth factors and opportunities
8.4.6.4.2 Market size and forecast, by Type
8.4.6.4.3 Market size and forecast, by Flavor
8.4.6.4.4 Market size and forecast, by Age Group
8.4.6.4.5 Market size and forecast, by Distribution Channel
8.4.6.5 Australia
8.4.6.5.1 Key market trends, growth factors and opportunities
8.4.6.5.2 Market size and forecast, by Type
8.4.6.5.3 Market size and forecast, by Flavor
8.4.6.5.4 Market size and forecast, by Age Group
8.4.6.5.5 Market size and forecast, by Distribution Channel
8.4.6.6 Rest of Asia-Pacific
8.4.6.6.1 Key market trends, growth factors and opportunities
8.4.6.6.2 Market size and forecast, by Type
8.4.6.6.3 Market size and forecast, by Flavor
8.4.6.6.4 Market size and forecast, by Age Group
8.4.6.6.5 Market size and forecast, by Distribution Channel
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Type
8.5.3 LAMEA Market size and forecast, by Flavor
8.5.4 LAMEA Market size and forecast, by Age Group
8.5.5 LAMEA Market size and forecast, by Distribution Channel
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Brazil
8.5.6.1.1 Key market trends, growth factors and opportunities
8.5.6.1.2 Market size and forecast, by Type
8.5.6.1.3 Market size and forecast, by Flavor
8.5.6.1.4 Market size and forecast, by Age Group
8.5.6.1.5 Market size and forecast, by Distribution Channel
8.5.6.2 Colombia
8.5.6.2.1 Key market trends, growth factors and opportunities
8.5.6.2.2 Market size and forecast, by Type
8.5.6.2.3 Market size and forecast, by Flavor
8.5.6.2.4 Market size and forecast, by Age Group
8.5.6.2.5 Market size and forecast, by Distribution Channel
8.5.6.3 Saudi Arabia
8.5.6.3.1 Key market trends, growth factors and opportunities
8.5.6.3.2 Market size and forecast, by Type
8.5.6.3.3 Market size and forecast, by Flavor
8.5.6.3.4 Market size and forecast, by Age Group
8.5.6.3.5 Market size and forecast, by Distribution Channel
8.5.6.4 South Africa
8.5.6.4.1 Key market trends, growth factors and opportunities
8.5.6.4.2 Market size and forecast, by Type
8.5.6.4.3 Market size and forecast, by Flavor
8.5.6.4.4 Market size and forecast, by Age Group
8.5.6.4.5 Market size and forecast, by Distribution Channel
8.5.6.5 Turkey
8.5.6.5.1 Key market trends, growth factors and opportunities
8.5.6.5.2 Market size and forecast, by Type
8.5.6.5.3 Market size and forecast, by Flavor
8.5.6.5.4 Market size and forecast, by Age Group
8.5.6.5.5 Market size and forecast, by Distribution Channel
8.5.6.6 Rest of LAMEA
8.5.6.6.1 Key market trends, growth factors and opportunities
8.5.6.6.2 Market size and forecast, by Type
8.5.6.6.3 Market size and forecast, by Flavor
8.5.6.6.4 Market size and forecast, by Age Group
8.5.6.6.5 Market size and forecast, by Distribution Channel

CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments

CHAPTER 10: COMPANY PROFILES
10.1 Mars, Incorporated
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 Mondelez International Inc.
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 FERRERO INTERNATIONAL S.A.
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 Lotte Corporation
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 Nestlé S.A
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 parle products pvt. ltd
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 Perfetti Van Melle
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 The Hershey Company
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 Tootsie Roll Industries, Inc.
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 valeo foods group
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments

List of Tables
Table 1. Global Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 2. Hard-Boiled Confectionery Market, for Suckers and Lollipops, by Region, 2021-2031 (Revenue, $Million)
Table 3. Hard-Boiled Confectionery Market, for Suckers and Lollipops, by Country, 2021-2031 (Revenue, $Million)
Table 4. Hard-Boiled Confectionery Market, for Jawbreakers, by Region, 2021-2031 (Revenue, $Million)
Table 5. Hard-Boiled Confectionery Market, for Jawbreakers, by Country, 2021-2031 (Revenue, $Million)
Table 6. Hard-Boiled Confectionery Market, for Candy Canes, by Region, 2021-2031 (Revenue, $Million)
Table 7. Hard-Boiled Confectionery Market, for Candy Canes, by Country, 2021-2031 (Revenue, $Million)
Table 8. Hard-Boiled Confectionery Market, for Rock Candy, by Region, 2021-2031 (Revenue, $Million)
Table 9. Hard-Boiled Confectionery Market, for Rock Candy, by Country, 2021-2031 (Revenue, $Million)
Table 10. Hard-Boiled Confectionery Market, for Drops and Disks, by Region, 2021-2031 (Revenue, $Million)
Table 11. Hard-Boiled Confectionery Market, for Drops and Disks, by Country, 2021-2031 (Revenue, $Million)
Table 12. Hard-Boiled Confectionery Market, for Others, by Region, 2021-2031 (Revenue, $Million)
Table 13. Hard-Boiled Confectionery Market, for Others, by Country, 2021-2031 (Revenue, $Million)
Table 14. Global Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 15. Hard-Boiled Confectionery Market, for Cherry, by Region, 2021-2031 (Revenue, $Million)
Table 16. Hard-Boiled Confectionery Market, for Cherry, by Country, 2021-2031 (Revenue, $Million)
Table 17. Hard-Boiled Confectionery Market, for Watermelon, by Region, 2021-2031 (Revenue, $Million)
Table 18. Hard-Boiled Confectionery Market, for Watermelon, by Country, 2021-2031 (Revenue, $Million)
Table 19. Hard-Boiled Confectionery Market, for Lemon, by Region, 2021-2031 (Revenue, $Million)
Table 20. Hard-Boiled Confectionery Market, for Lemon, by Country, 2021-2031 (Revenue, $Million)
Table 21. Hard-Boiled Confectionery Market, for Strawberry, by Region, 2021-2031 (Revenue, $Million)
Table 22. Hard-Boiled Confectionery Market, for Strawberry, by Country, 2021-2031 (Revenue, $Million)
Table 23. Hard-Boiled Confectionery Market, for Orange, by Region, 2021-2031 (Revenue, $Million)
Table 24. Hard-Boiled Confectionery Market, for Orange, by Country, 2021-2031 (Revenue, $Million)
Table 25. Hard-Boiled Confectionery Market, for Butterscotch, by Region, 2021-2031 (Revenue, $Million)
Table 26. Hard-Boiled Confectionery Market, for Butterscotch, by Country, 2021-2031 (Revenue, $Million)
Table 27. Hard-Boiled Confectionery Market, for Others, by Region, 2021-2031 (Revenue, $Million)
Table 28. Hard-Boiled Confectionery Market, for Others, by Country, 2021-2031 (Revenue, $Million)
Table 29. Global Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 30. Hard-Boiled Confectionery Market, for Children, by Region, 2021-2031 (Revenue, $Million)
Table 31. Hard-Boiled Confectionery Market, for Children, by Country, 2021-2031 (Revenue, $Million)
Table 32. Hard-Boiled Confectionery Market, for Adult, by Region, 2021-2031 (Revenue, $Million)
Table 33. Hard-Boiled Confectionery Market, for Adult, by Country, 2021-2031 (Revenue, $Million)
Table 34. Hard-Boiled Confectionery Market, for Geriatric, by Region, 2021-2031 (Revenue, $Million)
Table 35. Hard-Boiled Confectionery Market, for Geriatric, by Country, 2021-2031 (Revenue, $Million)
Table 36. Global Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 37. Hard-Boiled Confectionery Market, for Supermarkets and Hypermarkets, by Region, 2021-2031 (Revenue, $Million)
Table 38. Hard-Boiled Confectionery Market, for Supermarkets and Hypermarkets, by Country, 2021-2031 (Revenue, $Million)
Table 39. Hard-Boiled Confectionery Market, for Convenience Stores, by Region, 2021-2031 (Revenue, $Million)
Table 40. Hard-Boiled Confectionery Market, for Convenience Stores, by Country, 2021-2031 (Revenue, $Million)
Table 41. Hard-Boiled Confectionery Market, for Specialty Stores, by Region, 2021-2031 (Revenue, $Million)
Table 42. Hard-Boiled Confectionery Market, for Specialty Stores, by Country, 2021-2031 (Revenue, $Million)
Table 43. Hard-Boiled Confectionery Market, for E-Commerce, by Region, 2021-2031 (Revenue, $Million)
Table 44. Hard-Boiled Confectionery Market, for E-Commerce, by Country, 2021-2031 (Revenue, $Million)
Table 45. Hard-Boiled Confectionery Market, for Others, by Region, 2021-2031 (Revenue, $Million)
Table 46. Hard-Boiled Confectionery Market, for Others, by Country, 2021-2031 (Revenue, $Million)
Table 47. Hard-Boiled Confectionery Market, by Region, 2021-2031 (Revenue, $Million)
Table 48. North America Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 49. North America Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 50. North America Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 51. North America Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 52. North America Hard-Boiled Confectionery Market, by Country, 2021-2031 (Revenue, $Million)
Table 53. U.S. Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 54. U.S. Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 55. U.S. Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 56. U.S. Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 57. Canada Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 58. Canada Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 59. Canada Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 60. Canada Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 61. Mexico Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 62. Mexico Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 63. Mexico Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 64. Mexico Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 65. Europe Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 66. Europe Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 67. Europe Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 68. Europe Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 69. Europe Hard-Boiled Confectionery Market, by Country, 2021-2031 (Revenue, $Million)
Table 70. Germany Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 71. Germany Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 72. Germany Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 73. Germany Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 74. France Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 75. France Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 76. France Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 77. France Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 78. UK Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 79. UK Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 80. UK Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 81. UK Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 82. Italy Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 83. Italy Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 84. Italy Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 85. Italy Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 86. Spain Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 87. Spain Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 88. Spain Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 89. Spain Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 90. Rest of Europe Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 91. Rest of Europe Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 92. Rest of Europe Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 93. Rest of Europe Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 94. Asia-Pacific Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 95. Asia-Pacific Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 96. Asia-Pacific Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 97. Asia-Pacific Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 98. Asia-Pacific Hard-Boiled Confectionery Market, by Country, 2021-2031 (Revenue, $Million)
Table 99. China Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 100. China Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 101. China Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 102. China Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 103. India Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 104. India Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 105. India Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 106. India Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 107. Japan Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 108. Japan Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 109. Japan Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 110. Japan Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 111. South Korea Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 112. South Korea Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 113. South Korea Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 114. South Korea Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 115. Australia Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 116. Australia Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 117. Australia Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 118. Australia Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 119. Rest of Asia-Pacific Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 120. Rest of Asia-Pacific Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 121. Rest of Asia-Pacific Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 122. Rest of Asia-Pacific Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 123. LAMEA Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 124. LAMEA Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 125. LAMEA Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 126. LAMEA Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 127. LAMEA Hard-Boiled Confectionery Market, by Country, 2021-2031 (Revenue, $Million)
Table 128. Brazil Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 129. Brazil Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 130. Brazil Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 131. Brazil Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 132. Colombia Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 133. Colombia Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 134. Colombia Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 135. Colombia Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 136. Saudi Arabia Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 137. Saudi Arabia Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 138. Saudi Arabia Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 139. Saudi Arabia Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 140. South Africa Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 141. South Africa Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 142. South Africa Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 143. South Africa Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 144. Turkey Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 145. Turkey Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 146. Turkey Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 147. Turkey Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 148. Rest of LAMEA Hard-Boiled Confectionery Market, by Type, 2021-2031 (Revenue, $Million)
Table 149. Rest of LAMEA Hard-Boiled Confectionery Market, by Flavor, 2021-2031 (Revenue, $Million)
Table 150. Rest of LAMEA Hard-Boiled Confectionery Market, by Age Group, 2021-2031 (Revenue, $Million)
Table 151. Rest of LAMEA Hard-Boiled Confectionery Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 152. Mars, Incorporated: Company Snapshot
Table 153. Mars, Incorporated: Operating Segments
Table 154. Mars, Incorporated: Product Portfolio
Table 155. Mars, Incorporated: Net Sales,
Table 156. Mars, Incorporated: Key Stratergies
Table 157. Mondelez International Inc.: Company Snapshot
Table 158. Mondelez International Inc.: Operating Segments
Table 159. Mondelez International Inc.: Product Portfolio
Table 160. Mondelez International Inc.: Net Sales,
Table 161. Mondelez International Inc.: Key Stratergies
Table 162. Ferrero International S.A.: Company Snapshot
Table 163. Ferrero International S.A.: Operating Segments
Table 164. Ferrero International S.A.: Product Portfolio
Table 165. Ferrero International S.A.: Net Sales,
Table 166. Ferrero International S.A.: Key Stratergies
Table 167. Lotte Corporation: Company Snapshot
Table 168. Lotte Corporation: Operating Segments
Table 169. Lotte Corporation: Product Portfolio
Table 170. Lotte Corporation: Net Sales,
Table 171. Lotte Corporation: Key Stratergies
Table 172. Nestlé S.A: Company Snapshot
Table 173. Nestlé S.A: Operating Segments
Table 174. Nestlé S.A: Product Portfolio
Table 175. Nestlé S.A: Net Sales,
Table 176. Nestlé S.A: Key Stratergies
Table 177. Parle Products Pvt. Ltd: Company Snapshot
Table 178. Parle Products Pvt. Ltd: Operating Segments
Table 179. Parle Products Pvt. Ltd: Product Portfolio
Table 180. Parle Products Pvt. Ltd: Net Sales,
Table 181. Parle Products Pvt. Ltd: Key Stratergies
Table 182. Perfetti Van Melle: Company Snapshot
Table 183. Perfetti Van Melle: Operating Segments
Table 184. Perfetti Van Melle: Product Portfolio
Table 185. Perfetti Van Melle: Net Sales,
Table 186. Perfetti Van Melle: Key Stratergies
Table 187. The Hershey Company: Company Snapshot
Table 188. The Hershey Company: Operating Segments
Table 189. The Hershey Company: Product Portfolio
Table 190. The Hershey Company: Net Sales,
Table 191. The Hershey Company: Key Stratergies
Table 192. Tootsie Roll Industries, Inc.: Company Snapshot
Table 193. Tootsie Roll Industries, Inc.: Operating Segments
Table 194. Tootsie Roll Industries, Inc.: Product Portfolio
Table 195. Tootsie Roll Industries, Inc.: Net Sales,
Table 196. Tootsie Roll Industries, Inc.: Key Stratergies
Table 197. Valeo Foods Group: Company Snapshot
Table 198. Valeo Foods Group: Operating Segments
Table 199. Valeo Foods Group: Product Portfolio
Table 200. Valeo Foods Group: Net Sales,
Table 201. Valeo Foods Group: Key Stratergies

List of Figures
Figure 1. Hard-Boiled Confectionery Market Segmentation
Figure 2. Hard-Boiled Confectionery Market, 2021-2031
Figure 3. Hard-Boiled Confectionery Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Hard-Boiled Confectionery Market: Drivers, Restraints and Opportunities
Figure 12. Value Chain Analysis
Figure 13. Market Share Analysis
Figure 14. Hard-Boiled Confectionery Market, by Type, 2021 (%)
Figure 15. Comparative Share Analysis of Suckers and Lollipops Hard-Boiled Confectionery Market, 2021-2031 (%)
Figure 16. Comparative Share Analysis of Jawbreakers Hard-Boiled Confectionery Market, 2021-2031 (%)
Figure 17. Comparative Share Analysis of Candy Canes Hard-Boiled Confectionery Market, 2021-2031 (%)
Figure 18. Comparative Share Analysis of Rock Candy Hard-Boiled Confectionery Market, 2021-2031 (%)
Figure 19. Comparative Share Analysis of Drops and Disks Hard-Boiled Confectionery Market, 2021-2031 (%)
Figure 20. Comparative Share Analysis of Others Hard-Boiled Confectionery Market, 2021-2031 (%)
Figure 21. Hard-Boiled Confectionery Market, by Flavor, 2021 (%)
Figure 22. Comparative Share Analysis of Cherry Hard-Boiled Confectionery Market, 2021-2031 (%)
Figure 23. Comparative Share Analysis of Watermelon Hard-Boiled Confectionery Market, 2021-2031 (%)
Figure 24. Comparative Share Analysis of Lemon Hard-Boiled Confectionery Market, 2021-2031 (%)
Figure 25. Comparative Share Analysis of Strawberry Hard-Boiled Confectionery Market, 2021-2031 (%)
Figure 26. Comparative Share Analysis of Orange Hard-Boiled Confectionery Market, 2021-2031 (%)
Figure 27. Comparative Share Analysis of Butterscotch Hard-Boiled Confectionery Market, 2021-2031 (%)
Figure 28. Comparative Share Analysis of Others Hard-Boiled Confectionery Market, 2021-2031 (%)
Figure 29. Hard-Boiled Confectionery Market, by Age Group, 2021 (%)
Figure 30. Comparative Share Analysis of Children Hard-Boiled Confectionery Market, 2021-2031 (%)
Figure 31. Comparative Share Analysis of Adult Hard-Boiled Confectionery Market, 2021-2031 (%)
Figure 32. Comparative Share Analysis of Geriatric Hard-Boiled Confectionery Market, 2021-2031 (%)
Figure 33. Hard-Boiled Confectionery Market, by Distribution Channel, 2021 (%)
Figure 34. Comparative Share Analysis of Supermarkets and Hypermarkets Hard-Boiled Confectionery Market, 2021-2031 (%)
Figure 35. Comparative Share Analysis of Convenience Stores Hard-Boiled Confectionery Market, 2021-2031 (%)
Figure 36. Comparative Share Analysis of Specialty Stores Hard-Boiled Confectionery Market, 2021-2031 (%)
Figure 37. Comparative Share Analysis of E-Commerce Hard-Boiled Confectionery Market, 2021-2031 (%)
Figure 38. Comparative Share Analysis of Others Hard-Boiled Confectionery Market, 2021-2031 (%)
Figure 39. Hard-Boiled Confectionery Market by Region, 2021
Figure 40. U.S. Hard-Boiled Confectionery Market, 2021-2031 ($Million)
Figure 41. Canada Hard-Boiled Confectionery Market, 2021-2031 ($Million)
Figure 42. Mexico Hard-Boiled Confectionery Market, 2021-2031 ($Million)
Figure 43. Germany Hard-Boiled Confectionery Market, 2021-2031 ($Million)
Figure 44. France Hard-Boiled Confectionery Market, 2021-2031 ($Million)
Figure 45. Uk Hard-Boiled Confectionery Market, 2021-2031 ($Million)
Figure 46. Italy Hard-Boiled Confectionery Market, 2021-2031 ($Million)
Figure 47. Spain Hard-Boiled Confectionery Market, 2021-2031 ($Million)
Figure 48. Rest of Europe Hard-Boiled Confectionery Market, 2021-2031 ($Million)
Figure 49. China Hard-Boiled Confectionery Market, 2021-2031 ($Million)
Figure 50. India Hard-Boiled Confectionery Market, 2021-2031 ($Million)
Figure 51. Japan Hard-Boiled Confectionery Market, 2021-2031 ($Million)
Figure 52. South Korea Hard-Boiled Confectionery Market, 2021-2031 ($Million)
Figure 53. Australia Hard-Boiled Confectionery Market, 2021-2031 ($Million)
Figure 54. Rest of Asia-Pacific Hard-Boiled Confectionery Market, 2021-2031 ($Million)
Figure 55. Brazil Hard-Boiled Confectionery Market, 2021-2031 ($Million)
Figure 56. Colombia Hard-Boiled Confectionery Market, 2021-2031 ($Million)
Figure 57. Saudi Arabia Hard-Boiled Confectionery Market, 2021-2031 ($Million)
Figure 58. South Africa Hard-Boiled Confectionery Market, 2021-2031 ($Million)
Figure 59. Turkey Hard-Boiled Confectionery Market, 2021-2031 ($Million)
Figure 60. Rest of LAMEA Hard-Boiled Confectionery Market, 2021-2031 ($Million)
Figure 61. Top Winning Strategies, by Year
Figure 62. Top Winning Strategies, by Development
Figure 63. Top Winning Strategies, by Company
Figure 64. Product Mapping of Top 10 Players
Figure 65. Competitive Dashboard
Figure 66. Competitive Heatmap of Top 10 Key Players
Figure 67. Mars, Incorporated.: Net Sales ($Million)
Figure 68. Mondelez International Inc..: Net Sales ($Million)
Figure 69. Ferrero International S.A..: Net Sales ($Million)
Figure 70. Lotte Corporation.: Net Sales ($Million)
Figure 71. Nestlé S.A.: Net Sales ($Million)
Figure 72. Parle Products Pvt. Ltd.: Net Sales ($Million)
Figure 73. Perfetti Van Melle.: Net Sales ($Million)
Figure 74. The Hershey Company.: Net Sales ($Million)
Figure 75. Tootsie Roll Industries, Inc..: Net Sales ($Million)
Figure 76. Valeo Foods Group.: Net Sales ($Million)

Executive Summary

According to the report titled, “Hard-Boiled Confectionery Market," The hard-boiled confectionery market was valued at $15.6 billion in 2021, and is estimated to reach $21.3 billion by 2031, growing at a CAGR of 3.2% from 2022 to 2031.

The global hard-boiled confectionery market is expected to witness significant growth owing to the rising demand for sugar-free or low-calorie hard candies among the adult and geriatric population. The rising health consciousness coupled with the growing adoption of healthy food and snacks among children and adult consumers is driving the demand for low-calorie hard-boiled confectioneries. Consumers have become more conscious about sugar intake and are shifting toward products offering high nutrition value, which resulted in high demand for sugar-free, organic, and low-calorie products across the world. According to Hudson Institute, Inc., 82% of the sales growth among Healthy Weight Commitment Foundation member companies, such as Kraft Foods and Nestle U.S., was due to lower calorie food products. Manufacturers, such as Mars, are reformulating their products and focusing on development of sugar-free, functional, and organic variants. Introduction of these variants in the market is expected to boost value sales and help manufacturers to deliver products, which support health and wellness trend.

The gifting industry in countries, such as India, the U.S., the UK, and Italy, witnesses product innovations in the food industry, accompanied by attractive packaging. confectionery items are widely used as gift items. In addition, at the time of festive season, retailers are benefited with lucrative opportunities to encourage shoppers to trade big tins, or large hampers of confectionery items instead of other small items. It has been observed that during Christmas, more than 60% of the population in the UK gift chocolates, candies, or sweets, thereby boosting the hard-boiled confectionery market. Further, Halloween is another major festival that significantly drives the demand for the hard-boiled confectionery items as gifting items.

Consumers acknowledge that sustainability is a major factor that can influence their purchases even if it implies a premium price or higher cost. It is estimated that around 60% of the consumers across the globe are of opinion that their physical well-being is highly influenced by the environmental issues. The confectionery manufacturers are indulging in various activities and initiatives to promote sustainability to lure eco-conscious consumers. For instance, in 2017, Mars, a confectionery giant, announced to invest $1 billion to help cut emission of greenhouse gases from its value chain by 67% by the year 2050. Moreover, the various government initiatives to reduce the use of plastic packaging in various nations like U.S., Japan, and the European Union is further encouraging the confectionery manufacturers to replace their plastic packaging with sustainable substitutes and promote sustainability in supply chain of confectionery industry.

The hard-boiled confectionery market is segmented on the basis of type, flavor, age group, distribution channel, and region. On the basis of 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, adult, 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 competitive edge and exploit the prevailing hard-boiled confectionery market opportunities. For instance, in April 2022, Mondelēz International announced an agreement with Grupo Bimbo to acquire its confectionery business, Ricolino. This acquisition accelerates the growth of core snacking categories of Mondelez.

Key Market Insights

  • By type, the suckers and lollipops segment dominated the market with $6,336.4 million in 2021, and is estimated to reach $9,138.3 million by 2031, at a CAGR of 3.8% during the forecast period.
  • By age group, the adult segment is anticipated to grow at the highest CAGR of 3.7% during the forecast period.
  • By flavor, butterscotch is expected to be the fastest-growing segment, growing at a CAGR of 4.0% during the forecast period.
  • By distribution channel, e-commerce is expected to witness the highest CAGR during the forecast period and is expected to reach a value of $3,811.3 million by 2031.
  • In 2021, the Asia-Pacific region was the most prominent market accounting for $5,403.6 million in 2021.

Companies Mentioned

  • 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.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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