Cotton Candy Machines Market: Future Market Insights, Inc. Forecasts US$ 170.5 Billion Market Value by 2033 with 4.62% CAGR

NEWARK, Del, Sept. 11, 2023 (GLOBE NEWSWIRE) -- The global cotton candy machines market is worth US$ 108.4 Billion as of now and expected to reach US$ 170.4 Billion by the year 2033 at a CAGR of 4.62% between 2023 and 2033.

The ongoing trend is that of sugar-free candies due to consumers getting more health-conscious. As such, low-sugar chocolates are in the offing. With greater mouthfeel and better appearance all through, the global cotton candy machines market is slated to grow on an exceptional note in the forecast period.

At the same time, the fact that there are higher costs related to installation processes and maintenance costs can’t be ignored. This factor could restrain the cotton candy machines market going forward.

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Future Market Insights has walked through these findings with future perspectives in its latest market study entitled ‘Cotton Candy Machines Market’. It has its line of expertise in the form of analysts and consultants to deploy an eagle’s eye view in its primary, secondary, and tertiary modes of research.

“With greater demand for cotton candies, the market players are going for technologically upgraded machines”, says an analyst from Future Market Insights.

Key Takeaways from Cotton Candy Machines Market

• North America holds the largest market share, with the United States witnessing an exorbitant demand for cotton candy machines in the wake of increasing frequency of family get-togethers, parties, and likewise.
• Europe holds the second-largest market share with rising demand for premium quality and decent candies.
• The Asia Pacific is expected to grow fastest in the cotton candy machines market in the forecast period, with India, Japan, and China at the forefront. Also, the market players are flooring products with new flavors like strawberry, tamarind, and raw mango to draw a greater percentage of consumers.
  

Competitive Cotton Candy Machines

• HARIBO, in March 2022, unleashed a series of Easter treats including Chick ‘n’ Mix and Jelly Bunnies. It did announce to bring back ‘previous favourites’ as well.
• Bazooka candy Brands, in May 2022, came up with Push Pop Gummy Pop-its in three flavors, namely blue raspberry, strawberry, watermelon, and berry blast.
• The other players in the cotton candy machines market include Cretors & Company, Gold Medal Products Co., Paragon International Inc., Benchmark USA Inc., The Candery, Nostalgia Products LLC, Vivo, Great Northern Popcorn Company, Olde Midway, Funtime Popcorn Company, and likewise.
• Tender Food (erstwhile Boston Meats) has progressed with raising funds worth US$ 12 Million for cotton candy machine technology that could be used for producing cell-cultured proteins and plant-based meat technologies.
• Spinn Candy has tabled a cotton candy start-up program with the objective of constructing a cotton candy machine plant to turn out to be one of the steady buyers of a series of 50 gourmet sugars. At present, they have established eight domestic cotton candy businesses with an international business.
  

What does the Report state?

• The research study is based on product type (tabletop, commercial-grade, and industrial-grade), distribution (online retail, offline retail, and direct sales), and end-use industry (food service and hospitality, entertainment and amusement parks, retail and supermarkets, events and parties, and likewise).
• With simple mechanisms and convenience factors involved, the cotton candy machines market is likely to grow on a staggering note in the forecast period.

Global Report Coverage:

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Cotton Candy Machines Market Segmentation:

By Product Type:

• Tabletop
• Commercial-grade
• Industrial-grade
  

By Distribution:

• Online Retail
• Offline Retail
• Direct Sales
  

By End-use Industry:

• Foodservice and Hospitality
• Entertainment and Amusement Parks
• Retail and Supermarkets
• Events and Parties
• Others
  

By Region:

• North America
• Latin America
• Asia Pacific
• Europe
• Middle East and Africa
  

Author By:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives. She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions, and post-merger integration, and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications and quoted in journals, including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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09/11/2023 13:30

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