Global Candy Melting Pot Market Insights, Trends & Future Development Status Recorded during 2018-20
The rising demand from the mix flavor candies and fresh sweets and chocolates is expected to boost the growth of the candy melting pot market over the forecast period.
[UKPRwire, Sun Nov 18 2018] A candy melting pot is used for melting candies and chocolates at high temperature in minimum time. A candy melting pot consists of removable silicon or stainless steel pot and a heat-resistant handle to carry the container. Candy melting pot offers multiplicity of uses, and candy melting pot also has temperature setting regulator to adjust heat setting from warm to melt. Candy melting pot are generally power operated, but the battery operated candy melting pot is trending nowadays. The rising demand from the mix flavor candies and fresh sweets and chocolates is expected to boost the growth of the Candy Melting Pot Market over the forecast period.
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The candy melting pot market in the bakery industry is majorly driven by the space crunch factor and easy utility. The candy melting pot market consists of small players with a high number of Chinese players dominating its sales; very few brands are focused on candy melting pot. Majority of the candy melting pot market operates through e-commerce websites like Walmart, Target, E-Bay and other online sales channel.
Global Candy Melting Pot Market Dynamics
Low cost of cable free candy melting pot with the small built-in features is expected to create growth opportunities for the candy melting pot market. Besides, the candy melting pot can be utilized for a variety of tasks such as chocolate melting, fondue preparation, and others. Alternate factors driving the global candy melting pot market is the growing preference for chocolate fondue and candy melts by the consumers. Thus, manufacturers of candy melting pot are concerned about the aesthetics and design of candy melting pot so that it can be served directly on tables from which candy and the chocolate melt can be consumed. Manufacturers’ focus on resilience and durability of product (candy melting pot) drives the stronger consumer base for the candy melting pot market.
Market players for candy melting pot market are also facing some limitations, such as shipping and transportation costs remaining a prime concern for candy melting pot manufacturers. Also, the price of the product varies highly in international candy melting pot market, the difference is mainly due to the growing penetration of Chinese players. Thus, candy melting pot manufacturers face problems of forward as well as reverse logistics. Further, increasing preference for online sales has invited buy-back approach without taking transportation cost from consumers.
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Global Candy Melting Pot Market Segmentation
Global candy melting pot market includes the segments such as material type, sales channel, and region.
Global candy melting pot market can be segmented on the basis of pot material type as:
- Silicon Pots
- Stainless Steel Pots
- Other Material Types (Ceramic, etc.)
Global candy melting pot market can be segmented on the basis of sales channel as:
- Modern Trade
- Departmental Stores
- Specialty Stores
- Online Stores
- Other Sales Channel
The global candy melting pot market can be segmented on the basis of the geographical region as:
- North America
- Latin America
- CIS and Russia
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
Global Candy Melting Pot Market Key Players
A large number of manufacturers of candy melting pot are present in China due to growing consumer goods market and high penetration of small SKUs in the region. Wilton is one of the leading manufacturers of the candy melting pot. The company has high penetration in the market due to high quality and low cost of the product. The company also has a wide distribution networks, and its candy melting pot is readily available on online consumer retailers’ website for international customers.
Some of the key players in the Candy Melting Pot market are,
Regional Segments Analyzed Include
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Middle East and Africa
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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