Tuesday, September 5, 2017

US Chewy Candy Market Outlook to 2021: Ken Research

The report titled “US Chewy Candy Market Outlook to 2021 – Increasing Demand for On-The-Go Snacking and New Flavor Launches to Drive Market Growth” provides a comprehensive analysis of chewy candies in the US. The report focuses on US chewy candy market introduction, US chewy candy market size (by revenue), market segments (by type of candies, by distribution channels and by flavors), value chain process for chewy candy industry, trends and developments in the market, key issues and challenges in the market, industry norms and regulations for chewy candy, trade scenarios in US, consumer profile for US chewy candy market, product portfolio of major players in the US chewy candy market, future outlook of the US chewy candy market and covering competitive landscape of major companies including Wrigley, Mondelez International, Ferrara Candy Company, The Hershey Company and Perfetti Van Melle. The report concludes with market projection for future and analyst recommendations highlighting the major opportunities and cautions.
US Chewy Candy Market
Chewy candies have become a staple in the US households and are considered as one of the vital gifts on holidays such as Halloween, Thanksgiving, Easter and Christmas. The chewy candy market in the US is in maturity stage with companies majorly competing on the basis of price, brand association, distribution channel, flavors, shapes, size and packaging. US market witnessed increasing interest of convenience store in this industry and they have been stocking more chewy products and bite-size brand extensions. Millennials’ desire for more chewy candy varieties has also favored market growth of US chewy candy market. US Chewy Candy market witnessed positive growth rate during 2011-2016, increasing from USD ~ billion during 2011 to USD ~ billion during 2016 ending December at a CAGR of ~% during this period.
US Chewy Candy Market Segmentation
By Type of Candies:  Gummy chewy candies dominated the US chewy candy market in terms of revenue accounting for ~% (USD ~ billion) of the overall market share during 2016. Gummy sticks followed the gummies segment in terms of revenue in the US chewy candy market during 2016 accounting for ~% of the overall market share.
By Flavors: Sweet chewy candies dominated the market share of the US chewy candy market accounting for ~% (USD ~ billion) of the overall market revenue during 2016. In terms of revenue, sour & sweet chewy candies follow sweet chewy candies in the US chewy candy market accounting for ~% of the overall market share during 2016. Rising cases of diabetes, obesity and tooth decay led to the introduction of sugar free or sour chewy candies in the US by various companies in the market. This segment accounted for ~% of the overall chewy candy revenues during 2016.
By Distribution Channel: In terms of value, the sales of chewy candy at convenience store increased from USD ~ million during 2012 to USD ~ million during 2016 at a CAGR of ~% during 2012-2016. The major growth driver for increasing revenue was presence of chewy candies on shelves which attracted customers to buy chewy candies in bulk. Chewy candies are an intentional purchase rather than impulsive purchase as these have their personal shelf space, unlike other confectionary items which are placed near the cash counters and are mostly impulsive sales.
Competitive Landscape of Major Players in US Chewy Candy Market
The chewy candy market in the US is fragmented with wide presence of over 30 manufacturers in the domestic industry. The most prominent among all the companies is Wrigley which is the market leader with ~% market share during 2016. Wrigley has three major chewy candy brands including Starbust, Skittles and Life Saver Gummies. Skittles dominated the US chewy candy market in terms of both convenience store sales value and volume during 2016. In terms of revenue, Starburst followed Skittles in the US chewy candy market during 2016. This product has a variety of fruit flavors and a chewy texture with a juicy centre. The Ferrara Candy Company followed Wrigley in terms of revenue earned from chewy candy and the company’s revenue accounted for ~% (USD ~ million) of the overall market share during 2016. In terms of revenue, Mondelez International follows Ferrara Candy accounting for ~% of the overall chewy candy market share during 2016.
During 2016, The Hershey Company followed Mondelez International in terms of revenue from chewy candy in the US. The company sells chewy candy in various flavors under various brands including Jolly Rancher, Twizzlers and Reese. Private Label followed Starburst in terms of convenience store sales value and sales volume during 2016. Air Heads followed Skittles and ranked second in terms of convenience store sales volume in the US chewy candy market during 2016.
Future Outlook to US Chewy Candy Market
Chewy candy is the largest non-chocolate industry segment and with continuous product innovation and introduction of new flavors in the market, the US chewy candy market will grow at a positive growth rate in the forecasted period 2016-2021. It has been anticipated that the market will grow positively on the back of strong economic conditions in the country coupled with growth in personal disposable income of the citizens which will enable them to spend more on sweet treats. It is expected that millennial population in the US will account for ~ million during 2021 which will continue to dominate the consumption of chewy candies in upcoming years. In terms of revenue, the US chew candy market is expected to augment positively rising from USD ~ billion during 2016 to USD ~ billion during 2021 at a CAGR of ~% during 2016-2021.
Key Factors Considered in the Report
US Chewy Candy Market Overview and Genesis
Value Chain Analysis of US Chewy Candy Market
US Chewy Candy Market Size, 2011 – 2016
US Chewy Candy Market Segmentation by flavor, by type of candies and by distribution channels
Trade Scenario for US Chewy Candy Market
U.S. Candy Market Trends
Chewy Candy Future US
Gummy Market Sales US
Candy Production in the US
Trends and Development in US Chewy Candy Market
Soft and Chewy Candy US Market
American Chewy Candy Market
United States Chew Candy Market
Skittles Sales Figure
Gummy Candy Market Revenue US
Wrigley Market Share Chew Candy
Issues and challenges in US Chewy Candy market
Starbust Sales Chewy Candy
Revenue Chew Candy Industry
Market Share and Competitive Profile of Major Players in US Chewy Candy Market
US Chewy Candy Market Future Outlook and Projections
Popular Chewy Candy Brand in the US
American Best Seller Chewy Candy
Starbust Annual Sales Chewy Candy
Chewy Candy Market Players in the US
Chewy Candy Sales in the Convenience Stores US
For further reading click on the link below:
Related Reports by Ken Research
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Monday, September 4, 2017

Will the sun finally set on British tennis shoes market?

Tennis shoe market in UK is projected to witness a slow and steady growth in value in coming 5 years although the sales numbers don’t look positive in projections. Decrease in number of shoes is not so bad for hard court and clay court tennis shoes but in the case of grass-court shoes year on year decrease is alarming. Nichia, SETi, Seoul Viosys, Crystal IS, Semileds are one of the main players of the Industry in terms of market share in all demography’s.
Michael Downey, chief executive of the Lawn Tennis Association in Britain has recently in an interview admitted the game has lost its popularity nationwide. And will suffer a fatal blow when its super star Andy Murray departs eventually. Downey’s strategy to revive the sports is to allocate resources more efficiently and working to develop interest among youngsters for the sports. From millions of players in 2008-2009 the number of professional players in UK has come down to Quarter to million marks. Weekly participation of players has also gone down by 40%.
He pointed out that 2700 tennis clubs are not a place of excellence producing world class players anymore but had become a leisure place for middle age couples. The average age in these clubs is nearly 50 which indicate decreasing youth participation. Downey with his build from bottom approach thinks growth will come from parks. He believe popularity of a sport in parks develop competitiveness and willingness to learn in schools and clubs which drives the quality of players.  He was afraid British tennis unless saved will return to the time where the adopted Serb Alex Bogdanovic was given eight consecutive wild cards in Wimbledon but ended in first round exit each time.
British tennis is looking to use Murray’s success over the years to revive competitiveness in national first class tournaments which will eventually help them to produce more world class players. His 2012 Olympic gold, followed by the US opens and then Wimbledon has been a big boost in the advertising campaign of LTA. But going by the results British tennis is not utilizing Murray’s brand name to its limit; as the surge in Number of players is not following a surge in the TRP of tennis games in the UK.
According to the report “2017-2022 UK Tennis Shoes Market Report (Status And Outlook)”, falling number of professional players have also affected the number of youngsters opting for Tennis in schools and clubs which is affecting overall demand of tennis shoe market in Britain although it has not been so bad for the age group of 40+ over the years. But falling demand is just part of the problem the main problem is price elasticity of demand forcing companies to set price aggressively. And with not much cost effective developments in tennis shoe manufacturing the profitability of the industry is going downhill at a never before rate.
Key Topics Covered in the Report
UK Tennis Shoes Market Research Report
Global Tennis Shoes Market Production
UK Tennis Shoes Market Demand Trends
UK Sports Shoes Market Research
Sports Shoes Online Market in the UK
UK Sports Shoes Retail Market
UK Tennis Shoes Market Future Outlook
UK Tennis Apparel and Footwear Industry
UK Tennis Apparel and Footwear Manufacturers
To know more about the report:
Related reports
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Technology to Proliferate Malaysia Health and Wellness Market: Ken Research



Malaysia's wellness and fitness industry is the highest revenue earner for the country and has a significant place in the everyday life of the Malaysians. It is observed that Malaysia has captured the wellness and fitness market by developing wellness tourism along with medical tourism which includes Malaysia Urban Retreat Festival (Murfest), yoga, spiritual retreats and fitness weeks.
Malaysians are attaining health and well being through physical, psychological or spiritual activities which has become an international trend among health-conscious people. Fit Malaysia is a brand program that encourages Malaysians to adopt healthy lifestyles, excel in sports and incorporates the mental aspect in consumers. Fitness is not just about physical sports, running, cardio, boxing, self-defence or cycling, but also about mind-body wellness. Fly yoga or aerial yoga are new forms of exercises that makes use of hammocks and is a popular program in Fit Malaysia event.
According to the report, “Health and Wellness in Malaysia”, the rise in the aging population in Malaysia is the major factor influencing the wellness and fitness market. Products related to age-related disorders such as digestive system, and products related to maintain blood sugar levels are of great demand. Probiotic products contribute to the health and wellness market growth in Malaysia which are used as a substitute for growth promoters and antibiotics. The leading companies in prebiotic products are Yakult Honsha and Chr. Hansen which developed patented strains of microorganisms (probiotics) advantageous to human health.
The vitamins and dietary supplements include weight management products, herbal and traditional products. The health supplement market in Malaysia involves international and regional vendors with quality and affordable pricing for consumers. The international competitors in Malaysia have inorganically acquired the regional or local competitors. The leading competitors in the health and wellness market are Amway, CCM, Cosway, Herbalceutical, Herbalife, Astana Biocare, Bioalpha, Dynapham Herbal, Era Herbal, QD Herbs, and White Heron Pharmaceuticals. The Malaysian population is increasing steadily demanding for more health and wellness products.
The next trillion dollar industry is the global health and wellness market considering the wealth of applications and products available in the market. The global health and wellness market incorporates a variety of industries such as nutraceuticals, cosmeceuticals, healthy eating, nutrition, weight loss, complementary and alternative medicine, preventative and personalized health, and beauty and anti-aging products have increased in leaps and bounds. The popular three trends in the health and wellness global market are athleisure, boutique fitness, and organic diet.
The global nutraceutical products in health and wellness market are categorised into functional foods, functional beverages, and dietary supplements. Cosmeceuticals market is again categorised into cosmeceutical ingredients, cosmeceutical products, and cosmeceutical sales. The market is driven by increasing health awareness and availability of health and wellness products. There is a great demand for healthcare devices such as exercise equipment, organic foods, and supplementary diets in the health and wellness market. The leading players in the global health and wellness market are Philips Healthcare, Abbott Laboratories, LifeScan, Inc., B. Braun Melsungen AG, Animas Corporation, L’Oréal, Johnson & Johnson, Nestle S.A., General Mills, Inc., Coca-Cola, Omron Healthcare, F. Hoffmann-La Roche, and Medtronic, Inc.
Majority of Malaysians are suffering from stress related diseases which has stemmed from rising stress levels at work. Considering the serious implications of stress at the workplace, Malaysian organizations have considered the work related stress and psychosocial risks as part of their safety and health strategy. Managing stress at work has created a healthy work environment with more positive business performances that have improved drastically as the employees turned more productive.
The segregation and analysis of the health and wellness market includes fitness equipment, preventive, personalized health, wellness tourism, beauty and personal care products, health and wellness foods. With the growing population and realisation of the importance of healthy products, there will be a growing demand for more and more health and wellness products in the coming years that will further assist in market expansion.
Key Topics Covered in the Report
Malaysia Health Industry Future Outlook
Malaysia Health and Wellness Industry Trends
Malaysia Organic Products Market Analysis
Malaysia Competitors for Fortified Goods
Malaysia Fresh Vegetables Market Growth Opportunities
Malaysia Packaged Food Market Trends
Malaysia Energy Drinks Market Demand
Malaysia Herbal Products Market Demand
Malaysia Healthy Foods Market Revenue
Malaysia Healthy Beverages Market Analysis
Global Health and Wellness Market Research Report
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Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204


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