The USA residential cotton candy maker market size is estimated to reach a valuation of USD 17.5 Million in 2022 and it is projected to reach USD 26.8 Million by 2032. The market is anticipated to grow at a CAGR of 4.4% from 2022 to 2032. The USA. residential cotton candy maker market currently holds nearly 2% - 4% of the global confectionery equipment market.
Environment and sustainability have become a prime focus of the manufacturing sector in the USA. Companies are constantly improving their techniques of production for better environmental sustainability. Hence, some of the manufacturers are making optimum use of resources with minimal wastage.
Manufacturers are also using natural resources such as wood, fruits, flowers, and other products to manufacture their accessories for numerous products such as sticks, cones, carts, and others. Fruits and flowers also add a natural taste and color to the sugar floss, whereas a wood base can make a lightweight cart, while rubber can create a stable base for these machines.
The environmental and sustainable products/accessories are designed attractively. Apart from this, manufacturers are providing new machines that will consume less power and will imitate less carbon. Meanwhile, the products are available at a lower price which is attracting a large consumer base.
Attributes | Key Insights |
---|---|
The USA Residential Cotton Candy Maker Market Estimated Size (2022E) | USD 17.5 Million |
Projected Market Valuation (2032F) | USD 26.8 Million |
Value-based CAGR (2022 to 2032) | 4.4% |
Collective Value Share: Top Players (2021A) | 12% - 16% |
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The confectionery industry in the USA has evolved over the years. With rising demand from customers for confectionery items, manufacturers have made various technological upgrades in confectionery equipment to meet the rising customer expectations. Hence, the USA residential cotton candy maker market has made significant progress in the last few years.
The USA holds the largest share of the North American cotton candy maker market owing to the fast-moving lifestyles of the population. Changing lifestyles, growing spending on residential appliances & products, supply availability from the manufacturing side, and new product launches on the back of growing technological advancements are some of the key factors that would drive the USA residential cotton candy maker market.
Cotton candy makers are identified as one of the prominent equipment for small children. The rising integration of smart technology in confectionery appliances is expected to remain a prevailing trait during the forecast period. Meanwhile, the rising trend of humidification and advanced mechanisms are likely to contribute to growth in the USA residential cotton candy maker market.
Development of Unique Cotton Candy Maker Accessories to Push Sales
The addition of new accessories is becoming a major unique selling proposition (USP) for new entrants, as it is providing them with a way to bypass the dominance of traditional players and create their own market space. The development of accessories such as cones, bubbles, and new carts makes machines more attractive and helps them to catch the attention of customers. Advanced accessories also help to safeguard the machinery and maintain the quality of cotton candy, which would push the USA residential cotton candy maker market in the next decade.
For instance, the Breeze cotton candy machine from Gold Medal Products Co. is mainly designed with a patented extractor head for better quality and taste of the cotton candy produced, while accessories such as bubbles and carts help protect the machine externally. Various manufacturers have come up with new sugar-free candy floss with a wide range of flavors, which is boosting sales in the USA residential cotton candy maker market.
Compact Version Candy Floss Makers to Gain Traction in the USA
According to the FMI analysis, in terms of product type, the compact version of the residential cotton candy machine is predicted to hold a major share of 63.7% in the USA residential cotton candy maker market and it is anticipated to continue exhibiting steady growth at a CAGR of 3.7% during the forecast period.
Compact version machines are easy to store as they consume less amount of space. Moreover, they are portable and can be easily shifted from one place to another. Compact machines are the best fit for households and hence, they are built with an easy mechanism. Further, the compact version costs less than the cart version due to the availability of limited accessories and the small size of these machines. Thus, these compact machines are anticipated to dominate the USA residential cotton candy maker market in the evaluation period.
Plastic Sugar Candy Machines Are Gaining Immense Popularity in the USA
According to the analysis, in terms of material type, the plastic segment would generate high demand and it currently holds a share of 63.2% in the USA residential cotton candy maker market. Demand for plastic cotton candy machines is anticipated to grow at a CAGR of 5.2% during the forecast period.
Plastic cotton candy machines are nowadays trending among customers. Plastic cotton candy machines are durable, lightweight, and affordable. Besides, various cotton candy machine manufacturers operating in the household segment are manufacturing and promoting plastic cotton candy machines.
Hypermarkets, supermarkets, retail, and online portals are being flooded with a high range of plastic cotton candy makers. Therefore, these cotton candy makers are becoming more popular among households and would generate high demand in the USA residential cotton candy maker market.
Meanwhile, it is anticipated that there might be a rise in terms of growth for metal cotton candy machines from the household/residential segment due to their higher durability than plastic. In addition, rising concerns regarding the negative impacts of plastic on the environment would help in shifting consumers’ focus towards metal cotton candy makers.
Hypermarkets/Supermarkets to Create More Demand for Professional Cotton Candy Machines in the USA
In terms of sales channel, the hypermarket/supermarket segment holds the major USA residential cotton candy maker market share of 43.3% and it is anticipated to grow at a CAGR of 3.2% during the forecast period. The hypermarket/supermarket channel offers multiple variants of cotton candy makers at an affordable price and also delivers numerous other machine accessories.
This becomes convenient for consumers to buy machines and their accessories in one place, thereby saving time and effort. It also becomes easy for the consumer to check with other brands' machines and select the best machine that will suit the requirement of the user.
The online retail channel has helped to boost sales in the USA residential cotton candy maker market. The segment exhibited growth at a considerable CAGR of 5.4% from 2017 to 2021 and it is anticipated to grow at a CAGR of 6.7% during the forecast period. The online retailer segment is expected to progress rapidly as various key players are developing unique strategies by partnering up with online sales platforms for the expansion of their businesses.
Companies operating in the USA residential cotton candy maker market are focusing on strategic collaborations and various marketing strategies to expand their businesses and attract a large consumer base. Some of the market-leading companies are also focusing on attracting a vast audience with product innovation by introducing numerous ways of packaging. A few other key players are engaging in new product development to strengthen their supply chain across the USA residential cotton candy maker market.
For instance:
USA-based Residential Cotton Candy Makers Like Trademark Global Are Focusing on Innovation to Develop Cutting-Edge Products
Demand for residential cotton candy makers has remained high in the USA and owing to this, the competition has heated up in this business. Various firms are focusing on launching innovative products at affordable prices to boost their overall strategy. For instance, Trademark Global, the world's leading producer of traditional toys and arts & crafts supplies, announced the acquisition of Mattel's Arts, Crafts, Stationery (AST) division in 2022.
This includes the well-known RoseArt and Rose Moon brands, as well as the rights to manufacture and market all related items, such as the high-end USA Gold and USA Titanium pencils, as well as Scribble Stuff, which will serve as the new writing instrument division's focal point. Among the additional products are household names like Fun Dough and Fuzzy Posters. Apart from that, covered by the deal is the largest pencil manufacturing unit in the USA, the Rose Moon facility in Lewisburg, Tennessee.
Consumers often have reluctance to choose the right product and a warranty helps in reassuring them. Manufacturers are aware of this and are thus extending warranties on their products. For instance, the products covered by warranty are guaranteed by Trademark Global to be free of manufacturing flaws in both material and workmanship for a period of thirty (30) days, starting on the date of delivery. Trademark Global may, in accordance with the conditions of this limited warranty, repair or replace the damaged components or product.
A trademark is also focusing on expanding its overall business by entering into mergers and acquisitions. For instance, in 2021, the company entered into an acquisition with Bertram. The investment in Bolton marks Trademark's sixth add-on acquisition since Bertram's investment.
By significantly expanding and diversifying Trademark's core business through accretive add-on acquisitions, the transaction exemplifies Bertram's buy-and-build approach. Bertram and Trademark will continue to vigorously pursue add-on purchases from consumer goods businesses that have built their brands primarily through internet marketplaces such as Amazon.
The company is also carefully choosing its partners based on their technical expertise and position in the industry. For its planned Salsify Product Information Management (PIM) deployment, Trademark Global, a prominent e-commerce wholesaler, and distributor has chosen Sitation as its implementation partner.
Salsify will be used by Trademark Global to offer a robust, adaptable data model across its wide range of product verticals, including concessions, home furnishings, pet care, toys, and technology accessories. Additionally, Salsify will be utilized to broadcast product details and enhance content across a large number of online stores, including Amazon, Target, and Walmart. Speed to market with best-in-class content is important with the ongoing evolution of e-commerce, along with the huge expansion of competition.
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Attributes | Details |
---|---|
Estimated Market Size (2022) | USD 17.5 Million |
Projected Market Valuation (2032) | USD 26.8 Million |
Value-based CAGR (2022 to 2032) | 4.4% |
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2021 |
Market Analysis | Value (USD Million) |
Key Countries Covered | The United States of America |
Key Segments Covered | Product Type, Material Type, and Sales Channel |
Key Companies Profiled | Trademark Global Inc.; LaRose Industry LLC.; Made by Gather; Nostalgia Products; Mary Mack's, Inc.; Great Northern Popcorn Company; Paragon; Cotton Cravings; Vevor; Vivo; Others (as per request) |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The US residential cotton candy maker market reached a valuation of USD 17.5 Million in 2021.
The USA residential cotton candy maker market grew at a 3.1% CAGR between 2017 and 2021.
Growing number of events & carnivals, rising consumption of confectioneries, new product launches, and increasing mergers & acquisitions are the key trends in the USA residential cotton candy maker market.
Leading players operating in the USA residential cotton candy maker market are Trademark Global Inc., LaRose Industry LLC., Made by Gather, Nostalgia Products, Mary Mack's, Inc., Great Northern Popcorn Company, Paragon, Cotton Cravings, Vevor, and Vivo among others.
Leading players in the USA residential cotton candy maker market are estimated to account for approximately ~12%-16% of the total market share.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. USA Maker Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. USA Maker Market - Pricing Analysis 6. USA Maker Market Demand (in Value or Size in USD Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 7. Market Background 8. USA Maker Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Product Type 8.1. Compact Version 8.2. Cart Version 9. USA Maker Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Material Type 9.1. Metal 9.2. Plastic 10. USA Maker Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Sales Channel 10.1. Supermarket/Hypermarket 10.2. Specialty Stores 10.3. Online Retailers 10.4. Convenience Stores 10.5. Other Sales Channel 11. Market Structure Analysis 12. Competition Analysis 12.1. Trademark Global Inc. 12.2. LaRose Industry LLC. 12.3. Made by Gather 12.4. Nostalgia Products 12.5. Mary Mack's, Inc. 12.6. Great Northern Popcorn Company 12.7. Paragon 12.8. Cotton Cravings 12.9. Vevor 12.10. Vivo 12.11. Other (as per request) 13. Consumer Sentiment Analysis 14. Assumptions and Acronyms Used 15. Research Methodology
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