Lollipop Market Size, Share, Growth, and Industry Analysis by Type (Fruit Flavored Lollipop, Milk Flavored Lollipop, Chocolate Lollipop & Others), By Application (Supermarkets & Hypermarkets, Independent Retailers & Convenience Stores) Regional Forecast to 2027

Updated On: 13 March 2023

REPORT OVERVIEW

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The global lollipop market size was USD 64.7704 billion in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with lollipop industry experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to reach USD 82.3853 billion in 2027, exhibiting a CAGR of 4.09% during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A sugary treat called a lollipop is typically placed on a stick and eaten. They come in a variety of flavors and forms. Although the origins are somewhat mysterious, it is widely acknowledged that American confectioner George Smith created them in 1908. He gave them the name Lolly Pop after his beloved horse. The most widely used ingredients in their production are sugar and corn syrup. A number of factors, including greater product innovation by important corporations, a growing population of infants and children, and rising personal disposable income, are associated with the increase in market value.

Rising westernization, modernization, and other factors are the main forces propelling the market's expansion. An ever-increasing young population, the growth and expansion of the sweet sector, and the rising appeal of chocolate are further indirect market growth factors. Due to more people working from home, there has been a rise in the taste for sweet indulgence, with customers choosing candy as a light snack. They offer a variety of beneficial nutritional properties, including protein, vitamin, and mineral content for overall health.

COVID-19 Impact: Industry Shutdown Causes Market Distortion

The COVID-19 epidemic caused problems for food companies like volatile markets, a drop in customer confidence, and difficulties with import and export transactions. Markets were shut down and people stayed at home due to the lockdown. However, this sudden demand disrupted the entire market because the necessary materials were not readily available. In addition to having an immediate influence on markets, supply chains, supply and demand, and all of these other things, it also had a financial impact on the markets for food and beverages. Food manufacturers are concentrating on safeguarding their personnel, business processes, and supply chains to deal with this severe scenario. The pandemic impacted the industry dynamics, forcing organizations to revamp their entire operation structures to maintain stability amid the disruptions. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall beverages industry. This has partially impacted the lollipop industry.

LATEST TRENDS

"Sugar Free Product to Boost the Market Growth"

Demand for sugar-free lollipop is the main trend driving the market. Sugar-free candies have seen a rise in popularity recently due to rising health awareness and consumer demand for non- or low-sugar chocolate products. The increase in the number of diabetics is the primary cause of the rise in demand for sugar-free candies among the general public. Sugar-free candies are experiencing rapid growth on the global market due to recent developments in candy flavors, their appearance, and their mouthfeel. The bulk of producers are concentrating on developing products that are consistent with the global organic food culture. Additionally, organic, vegan, GMO-free, and kosher food colors, sweeteners, and other ingredients are being used to make sugar-free candies, which are likely to contribute to the growth of the category due to the ongoing emphasis on clean-labeled products and stricter government regulations regarding the amount of sugar content in food products. Thus, during the forecast period, the aforementioned factors are anticipated to fuel market growth. The global market will benefit from these factors. Thus, a key trend that is opening up potential for the industry to grow is the growing use of sugar free candy. These new developments are mostly to blame for the market's overall growth.

SEGMENTATION

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• By Types 

Based on type, the market is classified into Fruit Flavored Lollipop, Milk Flavored Lollipop, Chocolate Lollipop & Others.

• By Application

Based on the market is categorized into Supermarkets & Hypermarkets, Independent Retailers & Convenience Stores.

DRIVING FACTORS

"Supermarkets & Hypermarkets that Gives the Market Extra Boost"

Throughout the forecast period, the global market is anticipated to expand significantly. The market's expansion is primarily being fueled by rising consumer desire for natural and fruit-flavored sweets as well as rising product demand in super and hypermarkets. In addition, one of the major factors boosting the expansion of the global market is the rising popularity of organic and vegan product. Supermarkets and hypermarkets sell product as a sweet treat. It is employed to draw clients and boost the sales of other goods. Children, who are the product's primary target market, enjoy the appealing colors and shapes. Children also enjoy the flavor of various candies. Adults with a sweet tooth also enjoy this product. They are among the most well-liked categories of confectionery goods. They come in a variety of tastes and are consumed by people all around the world. As a result, the growth, and the increasing demand of products in supermarkets and hypermarkets twill boost the industry. It will contribute to the expansion of the food & beverages industry and it will improve the overall lollipop market growth.

"Independent Retail Stores to Encourage Market Expansion"

Independent retail stores are another aspect driving the market. They are independent stores that don't belong to a franchise or chain. They might be mom-and-pop businesses, neighborhood boutiques, or even online merchants. They are a good marketing tool for these kinds of companies. It might be provided free of charge with a purchase or as a method to express gratitude to clients. Candy can be used by independent merchants to draw in new clients. Candy with a milk flavor is highly well-liked by consumers. A hard candy shell filled with flavor-infused sugar syrup and covered in chocolate makes up a milk-flavored candy. The syrup frequently includes dairy ingredients like condensed milk, milk, or cream. Over the course of the forecast period, the market is anticipated to grow as a result of all these advanced features. As a result, these factors are collectively promoting market expansion, increasing company revenues. As a result, above mentioned factors will help the market to boost.

RESTRAINING FACTORS

"Dental Diseases to Impede Market Expansion"

The increase in dental diseases is the limiting factor for market expansion. High sugar content and an increase in dental disorders would be the main factors limiting the market's expansion throughout the forecasted period. Additionally, it is anticipated that increased health consciousness would reduce demand for candies globally, which may hinder market expansion. This factor is impeding market expansion. This may be a significant issue limiting market expansion. If this problem is fixed, the market will start to grow right away.

REGIONAL INSIGHTS

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"North America Dominating the Market Across the Globe"

The market for lollipop is in North America has benefited from the region's expanding industrial development, and various driving factors which has increased the potential sectors as this region is the largest user of the product. The key factor driving the growth of the lollipop market share is the growing demand of product in supermarkets & hypermarkets, independent retailers & convenience stores is one of the major reasons to drive the market. Rapid urbanization developments will further boost the overall market.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.

List of Market Players Profiled

•   Wrigley Company (U.S.)
•   Mars, Inc (U.S.)
•   Mondelez (U.S.)
•   Hershey's (U.S.)
•   Kendon Candies (U.S.)

REPORT COVERAGE

The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost whole industry share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.