Culinary Torch Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028
Rockville, MD -- (SBWIRE) -- 10/01/2018 -- Global Candy Melting Pot Market 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.
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.
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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.
Candy melting pot market can be segmented by geography into six regions, namely North America, Europe, CIS and Russia, Latin America, Japan, Asia Pacific excluding Japan and the Middle East & Africa.
North America is expected to account significant share in the global candy melting pot market. North America consists of market leaders operating in the candy melting pot market and have the highest share in the region and across the globe. It is followed by Asia Pacific and Europe due to the popularity of homemade chocolate. The candy melting pot market in North America and Europe is increasing owing to the adoption of innovation in kitchen and bakery equipment and growing consumer demand for small and compact candy melting devices. The majority of the candy melting pot demand in Asia Pacific region is served by a large number of small candy melting pot manufacturers constituting sizeable unorganized manufacturing sector of Asia Pacific. In MEA, the briskly growing economies in Gulf countries including Saudi Arabia, the UAE, Kuwait, Qatar, and Bahrain present lucrative opportunities for candy melting pot market during the forecast period. Latin America is also expected to register significant growth during the forecast period.
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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, Wilton, PME, Farberware, Koolatron, Royston, Chocolatiere etc.