Market Overview:
The global toffee market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for premium and artisanal products, increasing disposable income of consumers, and growing awareness about the health benefits of consuming toffees. The global toffee market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into salty water toffee, milk toffee, peanut butter/peanut-flavored/nut-based flavored (PB&N)toffee), and others (including chocolate-coated). The PB&N segment is expected grow at a higher CAGR during the forecast period owing high demand for these products in developed countries such as U.S., Canada., Germany., France., Italy., Spain,.and Japan. Offline sales are further subsegmented intotraditional retail outlets(grocery stores,,hypermarkets,,specialty stores)and non-traditional retail outlets(convenience stores,,drugstores,,dollar stores). Amongst these segments,.
Product Definition:
Toffee is a type of candy that is made from sugar, butter, and corn syrup. It is usually formed into a long, thin shape and then wrapped in wax paper or cellophane.
Salty Water Toffee:
Toffee is a confectionery product, which is made up of sugar and fat. The two main ingredients in toffee are usually chocolate and nuts. Salty water toffees contain natural salt, which enhances the flavor of the chocolate as well as acts as an essential growth factor for this market.
The global toffee market size was valued at USD 2,37 billion in 2016.
Milk Toffee:
Milk toffee is a confectionery product made with whole or partly hydrogenated milk. It's produced by heating the above mentioned dairy products at a very high temperature, around 200-300 degrees Celsius, in order to develop the cocoa coating on it. The process also creates an interior core of caramelized sugar.
The product was initially launched as an exclusive sweet treat for Christmas season.
Application Insights:
Offline sale dominated the global toffee market in 2017, accounting for over 70% of the overall revenue. Offline sales are generally higher during winters as people prefer spending winters at their native places. Online sale is expected to be the fastest-growing segment owing to easy access and wide reach of internet coupled with growing e-commerce industry globally.
The product has various applications such as a sweetener in coffee shops, bakery products & confectionery stores; an ingredient in ice cream, milkshakes and smoothies; or used as a coating on cakes and pastries by commercial bakeries & confectionery stores among others. The growing popularity of online food ordering services is also likely to contribute positively towards growth over next few years.
Growing demand for home delivery service from online food portals is also anticipated to boost offline sales significantly across countries like India.
Regional Analysis:
North America dominated the global toffee market in 2017. The U.S., being one of the largest consumers of chocolate, is a key consumer for toffee products in this region. Furthermore, growing demand for sugar-free snacks and confectionery products is expected to have a positive impact on the industry growth over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions with a CAGR exceeding 5% from 2018 to 2030 owing to increasing product availability at retail stores and online portals as well as rising purchasing power among consumers in this region will drive demand for luxury chocolates over next eight years.
Europe was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for premium and artisanal toffees
- Rising disposable income of consumers in developing countries
- Growing popularity of toffee as a gifting option
- Innovative product offerings by toffee manufacturers
- Expansion of retail distribution network
Scope Of The Report
Report Attributes
Report Details
Report Title
Toffee Market Research Report
By Type
Salty Water Toffee, Milk Toffee, Peanut Toffee, Others
By Application
Online Sale, Offline Sale
By Companies
Perfetti Van Melle Group B.V., Mondelez International, Yakefood, August Storck KG, Hsu Fu Chi International, KDV Group, Walkers, Thai Ao Chi, Half Moon Bay Taffy, Purple Mountain Taffy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Toffee Market Report Segments:
The global Toffee market is segmented on the basis of:
Types
Salty Water Toffee, Milk Toffee, Peanut Toffee, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Sale, Offline Sale
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Perfetti Van Melle Group B.V.
- Mondelez International
- Yakefood
- August Storck KG
- Hsu Fu Chi International
- KDV Group
- Walkers
- Thai Ao Chi
- Half Moon Bay Taffy
- Purple Mountain Taffy
Highlights of The Toffee Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Salty Water Toffee
- Milk Toffee
- Peanut Toffee
- Others
- By Application:
- Online Sale
- Offline Sale
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Toffee Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Toffee is a type of confectionery that is made from sugar and butter. It can be either hard or soft, depending on how much sugar has been added to the mixture.
Some of the key players operating in the toffee market are Perfetti Van Melle Group B.V., Mondelez International, Yakefood, August Storck KG, Hsu Fu Chi International, KDV Group, Walkers, Thai Ao Chi, Half Moon Bay Taffy, Purple Mountain Taffy.
The toffee market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Toffee Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Toffee Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Toffee Market - Supply Chain
4.5. Global Toffee Market Forecast
4.5.1. Toffee Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Toffee Market Size (000 Units) and Y-o-Y Growth
4.5.3. Toffee Market Absolute $ Opportunity
5. Global Toffee Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Toffee Market Size and Volume Forecast by Type
5.3.1. Salty Water Toffee
5.3.2. Milk Toffee
5.3.3. Peanut Toffee
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Toffee Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Toffee Market Size and Volume Forecast by Application
6.3.1. Online Sale
6.3.2. Offline Sale
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Toffee Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Toffee Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Toffee Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Toffee Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Toffee Demand Share Forecast, 2019-2026
9. North America Toffee Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Toffee Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Toffee Market Size and Volume Forecast by Application
9.4.1. Online Sale
9.4.2. Offline Sale
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Toffee Market Size and Volume Forecast by Type
9.7.1. Salty Water Toffee
9.7.2. Milk Toffee
9.7.3. Peanut Toffee
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Toffee Demand Share Forecast, 2019-2026
10. Latin America Toffee Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Toffee Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Toffee Market Size and Volume Forecast by Application
10.4.1. Online Sale
10.4.2. Offline Sale
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Toffee Market Size and Volume Forecast by Type
10.7.1. Salty Water Toffee
10.7.2. Milk Toffee
10.7.3. Peanut Toffee
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Toffee Demand Share Forecast, 2019-2026
11. Europe Toffee Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Toffee Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Toffee Market Size and Volume Forecast by Application
11.4.1. Online Sale
11.4.2. Offline Sale
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Toffee Market Size and Volume Forecast by Type
11.7.1. Salty Water Toffee
11.7.2. Milk Toffee
11.7.3. Peanut Toffee
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Toffee Demand Share, 2019-2026
12. Asia Pacific Toffee Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Toffee Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Toffee Market Size and Volume Forecast by Application
12.4.1. Online Sale
12.4.2. Offline Sale
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Toffee Market Size and Volume Forecast by Type
12.7.1. Salty Water Toffee
12.7.2. Milk Toffee
12.7.3. Peanut Toffee
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Toffee Demand Share, 2019-2026
13. Middle East & Africa Toffee Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Toffee Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Toffee Market Size and Volume Forecast by Application
13.4.1. Online Sale
13.4.2. Offline Sale
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Toffee Market Size and Volume Forecast by Type
13.7.1. Salty Water Toffee
13.7.2. Milk Toffee
13.7.3. Peanut Toffee
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Toffee Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Toffee Market: Market Share Analysis
14.2. Toffee Distributors and Customers
14.3. Toffee Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Perfetti Van Melle Group B.V.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mondelez International
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Yakefood
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. August Storck KG
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hsu Fu Chi International
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. KDV Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Walkers
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Thai Ao Chi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Half Moon Bay Taffy
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Purple Mountain Taffy
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
