Increasing demand from bakery and confectionery stores is likely to be a key contributor of sales of candy melting pot. Rising fad for flavored treats has amplified adoption of candy melting pot across food and beverage establishments.
Rising use of candy melting pot in case of party buffets and social gatherings is also likely to favor the growth of candy melting pot market. Affordable costs combined with superior built-in features are poised to create favorable opportunities for growth of candy melting pot market. Manufacturers are offering candy melting pot products integrated with heat-resistant handles for easy usage and minimal inconvenience.
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Moreover, manufacturers are also offering easy-to-clean products for enabling customers to use candy melting pot in a hassle-free manner for their regular cravings. Customers are highly seeking for candy melting pot products with additional accessories, which is encouraging manufacturers of candy melting pot to come up with value-added offerings.
Moreover, customers are actively seeking for products with high heat retention capacity and non-stick surface, which is also encouraging manufacturers of candy melting pot to implement the same in their new product formats. Manufacturers are also vying to integrate the latest features in their products, which will help the products gain higher visibility amid the customer marketplace.
Global Candy Melting Pot Market Overview
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.
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.
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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.
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 Regional Overview
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.
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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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