Candy is a sweet confection made with sugar, nuts, fruits, milk, chocolate, and artificial sweeteners. Also known as sweets and lollies, candy is manufactured using various sweeteners, including corn syrup, honey, molasses corn sugar, maple sugar and noncaloric sweeteners. It is available in various shapes, such as small pieces, bars, and drops. Some of the popular chocolate and non-chocolate candies available in the market are marshmallows, licorice, hard candies, gums and jelly-beans. In recent years, candies have gained momentum among individuals, especially children and young adults, as small snacks.
One of the primary factors driving the market is the increasing demand for low-sugar chocolates or confectionary items, as there is a rise in the number of individuals experiencing a sugar rush due to high sugar content, thereby creating a positive market outlook. Other than this, there is a rising availability of numerous types of candies, such as both chocolate and non-chocolate candies, in the market. This factor is supported by the changing preferences and tastes of consumers in developing nations which is positively influencing the market growth. Besides this, these chocolate candies offer numerous health benefits, such as dropping mortality rates, assisting in the treatment of diseases such as bronchitis and depression, maintaining blood flow in the body, and better overall blood vessel functionality. On account of this, there has been escalating demand for candies as they are widely relished by individuals of all age groups. Furthermore, the leading manufacturers are launching innovative candy flavors, such as strawberry, raw mango and tamarind, to attract consumers. Moreover, sugar-free candies are gaining immense popularity due to the alarming number of diabetic population and growing health consciousness among the masses. Apart from these factors, the inflating income levels, rising popularity of dark chocolate, extensive investments in various research and development (R&D) activities by key players to introduce various product variants, and rising preference for a sweet indulgence are some of the other factors propelling the market growth.
The report provides a techno-commercial roadmap for setting up an candy manufacturing plant. The study covers all the requisite aspects that one needs to know while making a foray into the candy industry. This ranges from macro overview of the market to micro details of the industry performance, key success and risk factors, manufacturing requirements, project cost, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the candy industry.
The project report covers the following aspects of the candy market:
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1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Research Methodology
3 Executive Summary
3.1 Market Scenario
3.2 Raw Material Requirements
3.3 Income Projections
3.4 Expenditure Projections
3.5 Profit Analysis
4 Global Candy Market
4.1 Market Overview
4.2 Historical and Current Market Performance
4.3 Market Breakup by Segment
4.4 Market Breakup by Region
4.5 Price Trends
4.5.1 Raw Material Price Trends
4.5.2 Candy Price Trends
4.5.3 Product Margins
4.6 Market Forecast
5 Candy Manufacturing Process
5.1 Product Overview
5.2 Detailed Process Flow
5.3 Various Types of Unit Operations Involved
5.4 Mass Balance and Raw Material Requirements
6 Project Details, Requirements and Costs Involved
6.1 Land, Location and Site Development
6.1.1 Overview of Land Location
6.1.2 Project Planning and Phasing of Development
6.1.3 Environmental Impacts
6.1.4 Land Requirement and Expenditure
6.2 Plant Layout
6.3 Plant Machinery
6.3.1 Machinery Requirements and Costs
6.3.2 Machinery Suppliers
6.3.3 Machinery Pictures
6.4 Raw Materials
6.4.1 Raw Material Requirements
6.4.2 Raw Material Procurement
6.4.3 Raw Material Expenditure
6.4.4 Raw Material Suppliers
6.4.5 Raw Material and Final Product Pictures
6.5 Packaging Requirements and Expenditures
6.6 Transportation Requirements and Expenditures
6.7 Utilities Requirements and Expenditures
6.8 Manpower Requirements and Expenditures
7 Loans and Financial Assistance
8 Project Economics
8.1 Capital Cost of the Project
8.2 Operating Expenses
8.3 Expenditure Projections
8.4 Income Projections
8.5 Product Pricing and Margins
8.6 Taxation
8.7 Depreciation
8.8 Financial Analysis
8.8.1 Liquidity Analysis
8.8.2 Profitability Analysis
8.8.2.1 Payback Period
8.8.2.2 Net Present Value
8.8.2.3 Internal Rate of Return
8.8.2.4 Profit and Loss Account
8.8.3 Uncertainty Analysis
8.8.4 Sensitivity Analysis
9 Regulatory Procedures and Approval
10 Key Success and Risk Factors
List of Figures
Figure 1: Global: Candy Market: Major Drivers and Challenges
Figure 2: Global: Candy Market: Value Trends (in Million US$), 2017-2022
Figure 3: Global: Candy Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 4: Global: Candy Market: Breakup by Segment (in %), 2022
Figure 5: Global: Candy Market: Breakup by Region (in %), 2022
Figure 6: Candy Raw Materials: Price Trends, 2017 & 2022
Figure 7: Candy: Price Trends, 2017 & 2022
Figure 8: Candy: Margins Across Various Stages of the Supply Chain
Figure 9: Candy Manufacturing Plant: Breakup of Operational Costs
Figure 10: Candy Price Structure
Figure 11: Candy: Manufacturing Process Flow
Figure 12: Candy: Manufacturing Process: Conversion Rate of Feedstocks
Figure 13: Candy Manufacturing Plant Layout
List of Tables
Table 1: Candy Manufacturing Plant: Raw Material Requirements
Table 2: Candy Manufacturing Plant: Project Planning
Table 3: Candy Manufacturing Plant: Phasing of Development
Table 4: Candy Manufacturing Plant: Environmental Impacts During Construction Phase
Table 5: Candy Manufacturing Plant: Environmental Impacts During Operation Phase
Table 6: Candy Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 7: Candy Manufacturing Plant: Costs Related to Machinery
Table 8: Candy Manufacturing Plant: List of Machinery Suppliers
Table 9: Candy Manufacturing Plant: Costs Related to Raw Materials
Table 10: Candy Manufacturing Plant: List of Raw Material Suppliers
Table 11: Candy Manufacturing Plant: Costs Related to Packaging
Table 12: Candy Manufacturing Plant: Costs Related to Utilities
Table 13: Candy Manufacturing Plant: Costs Related to Salaries and Wages
Table 14: Candy Manufacturing Plant: Capital Costs
Table 15: Candy Manufacturing Plant: Operating Costs
Table 16: Candy Manufacturing Plant: Taxation
Table 17: Candy Manufacturing Plant: Depreciation
Table 18: Candy Manufacturing Plant: Income Projections
Table 19: Candy Manufacturing Plant: Expenditure Projections
Table 20: Candy Manufacturing Plant: Liquidity Analysis Without Considering the Income Tax Liability
Table 21: Candy Manufacturing Plant: Liquidity Analysis on Considering the Income Tax Liability
Table 22: Candy Manufacturing Plant: Profitability Analysis Without Considering the Income Tax Liability
Table 23: Candy Manufacturing Plant: Profitability Analysis on Considering the Income Tax Liability
Table 24: Candy Manufacturing Plant: Profit and Loss Account
Table 25: Candy Manufacturing Plant: Discount Factor Rate
Table 26: Candy Manufacturing Plant: Sensitivity Analysis
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