솜사탕 기계 시장 : 현황 분석과 예측(2024-2032년)

A cotton candy machine is equipment used in the preparation of cotton candy, which is a sweet, sticky delicacy typically sold at fairs, carnival among other occasions. The machine tends to a spinning head that melts the sugar and spins it through a tiny hole into thin fine foam which settles on a spinning cone or stick. Consumers opting for cotton candy machines for occasions such as events, fairs, and festivals that are outdoors, are further increasing the market for machines.

The Cotton Candy Machines Market is expected to grow with a significant CAGR of 5% during the forecast period (2024-2032). With the growth of consumer disposable income, more families and individuals can buy home-use cotton candy machines, increasing personal utility. According to the World Population Review, in 2024, The United States has the highest average disposable income compared to other countries. On average, the United States has USD 54,854 of gross disposable income. The second-highest country with the most average disposable income is Luxembourg at USD 49,860, followed by Switzerland at USD 43,035. Furthermore, with the increased numbers of food service outlets like moving trucks and specialty cafes, cotton candy machines are used to draw the attention of potential customers. In addition to this, cotton candy machines are widely used for advertising and marketing campaigns, with the flexibility of branding.

Based on the product type, the market is segmented into commercial cotton candy machines, and home-use cotton candy machines. The commercial cotton candy machines held a significant share of the market in 2023. This is attributed to the growth in concession-based events, improvement in customers' standards of living enabling them to spend more on entertainment as well as continuous enhancement of machines and their technologies. Furthermore, the increased development of the food service sector, particularly the tendency toward experiential consumption raises interest in these machines due to the product's appeal to consumers that enhances the customer experience.

Based on the application, the market is segmented into event & party rentals, the food service industry, and others. The food service industry held a significant market share in 2023. This is mainly because cotton candy machines can be easily installed and incorporated into various contexts including restaurants, food trucks, and specialty cafes. In addition, the trend of experiential dining, which means that restaurants try to offer unique experiences to the consumers, regularly changing demand for non-standard and individual food products, and the high profitability of the cotton candy machines because they are easy to use and have low operational cost are driving this segment growth.

Based on the distribution channel, the market has been divided into online retail and offline retail. Online retail is expected to grow with a significant CAGR in the forecast period (2024-2032). This is mainly due to the growth of E-commerce has ensured that customers can easily access many cotton candy machines available in the market, compare the features and the prices as well and read customer reviews to increase purchase confidence and convenience. As per the secondary research, By the end of 2023, 2.64 billion people were shopping online. As of January 2024, the world's population is around 8 billion. These eCommerce statistics indicate that at least 33% of people worldwide are shopping online to meet their needs, marking a 5% increase from 2022. Also, the utilization of coupons, offers, and seasonal marketing campaigns as well as obtaining ad space on e-commerce platforms results in increased sales turnover and market penetration and makes it easier for more people to acquire the machine.

For a better understanding of the market adoption of cotton candy machines, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, France, U.K., Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Asia-Pacific is expected to grow with a significant CAGR in the forecast period (2024-2032). This involves the rate of urbanization which is high, disposable income, and the fast-growing food and beverage industry. Further to this, an increase in money spent on street food, fairs, and entertainment in China, India, and Japan increases demand for cotton candy machines because these machines are equally eye-catching and profitable points of sale for the various street foods and festival foods. These are driven by a young and vibrant population who are adventurous and would like to try new things, more disposable incomes from the middle-income earners in the region and changing trends where the region is shifting more focus on entertainment and recreation. Similarly, the trend of expanded use of machines by global and local food service chains also contributes to the development of the market.

Some of the major players operating in the market include CRETORS, Gold Medal Products Co., Paragon Concessions, Pinnacle Distributions Inc., Great Northern Popcorn, Guangzhou Red Rabbit Technology Co., LTD., Longbank, Nostalgia Products, Clark Core Services, LLC, The Candery.

TABLE OF CONTENTS

1.MARKET INTRODUCTION

• 1.1. Market Definitions
• 1.2. Main Objective
• 1.3. Stakeholders
• 1.4. Limitation

2.RESEARCH METHODOLOGY OR ASSUMPTION

• 2.1. Research Process of the Cotton Candy Machines Market
• 2.2. Research Methodology of the Cotton Candy Machines Market
• 2.3. Respondent Profile

3.EXECUTIVE SUMMARY

• 3.1. Industry Synopsis
• 3.2. Segmental Outlook
  • 3.2.1. Market Growth Intensity
• 3.3. Regional Outlook

4.MARKET DYNAMICS

• 4.1. Drivers
• 4.2. Opportunity
• 4.3. Restraints
• 4.4. Trends
• 4.5. PESTEL Analysis
• 4.6. Demand Side Analysis
• 4.7. Supply Side Analysis
  • 4.7.1. Merger & Acquisition
  • 4.7.2. Investment Scenario
  • 4.7.3. Industry Insights: Leading Startups and Their Unique Strategies

5.PRICING ANALYSIS

• 5.1. Regional Pricing Analysis
• 5.2. Price Influencing Factors

6.GLOBAL COTTON CANDY MACHINES MARKET REVENUE (USD BN), 2022-2032F

7.MARKET INSIGHTS BY PRODUCT TYPE

• 7.1. Commercial Cotton Candy Machines
• 7.2. Home Use Cotton Candy Machines

8.MARKET INSIGHTS BY APPLICATION

• 8.1. Event & Party Rentals
• 8.2. Food Service Industry
• 8.3. Others

9.MARKET INSIGHTS BY DISTRIBUTION CHANNEL

• 9.1. Online Retail
• 9.2. Offline Retail

10.MARKET INSIGHTS BY REGION

• 10.1. North America
  • 10.1.1. U.S.
  • 10.1.2. Canada
  • 10.1.3. Rest of North America
• 10.2. Europe
  • 10.2.1. Germany
  • 10.2.2. France
  • 10.2.3. UK
  • 10.2.4. Spain
  • 10.2.5. Italy
  • 10.2.6. Rest of Europe
• 10.3. Asia-Pacific
  • 10.3.1. China
  • 10.3.2. Japan
  • 10.3.3. India
  • 10.3.4. Rest of APAC
• 10.4. Rest of the World

11.VALUE CHAIN ANALYSIS

• 11.1. Marginal Analysis
• 11.2. List of Market Participants

12.COMPETITIVE LANDSCAPE

• 12.1. Competition Dashboard
• 12.2. Competitor Market Positioning Analysis
• 12.3. Porter Five Forces Analysis

13.COMPANY PROFILES

• 13.1. CRETORS
  • 13.1.1. Company Overview
  • 13.1.2. Key Financials
  • 13.1.3. SWOT Analysis
  • 13.1.4. Product Portfolio
  • 13.1.5. Recent Developments
• 13.2. Gold Medal Products Co.
• 13.3. Paragon Concessions
• 13.4. Pinnacle Distributions Inc.
• 13.5. Great Northern Popcorn
• 13.6. Guangzhou Red Rabbit Technology Co., LTD.
• 13.7. Longbank
• 13.8. Nostalgia Products
• 13.9. Clark Core Services, LLC
• 13.10. The Candery

14.ACRONYMS & ASSUMPTION

15.ANNEXURE