The confectionery market share in the US is expected to increase by USD 8.35 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.12%.

This confectionery market in the US research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers confectionery market segmentation in the US by distribution channel (offline and online) and product (chocolate confectionery, sugar confectionery, and gum confectionery). The confectionery market in the US report also offers information on several market vendors, including American Licorice Co., Anthony Thomas Candy Co., Ashers Chocolate Co., Candyrific, Corporativo Bimbo SA de CV, Elmer Chocolate, Ferrero International, Ford Gum Inc., GEORGIA NUT CO. Inc., Hormel Foods Corp., Jelly Belly, Lindt and Sprungli AG, Mars Inc., Mondelez International Inc., Nestle SA, The Hershey Co., The Kraft Heinz Co., The Madelaine Chocolate Co., Tootsie Roll Industries Inc., and Zachary Confections, Inc among others.

What will the Confectionery Market Size in the US be During the Forecast Period?

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Confectionery Market in the US: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post-COVID-19 era. The seasonal demand for confectioneries is notably driving the confectionery market growth in the US, although factors such as stringent rules and regulations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the confectionery industry in the US. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Confectionery Market Drivers in the US

Seasonal demand for confectioneries is one of the major drivers impacting the confectionery market in US growth. There is a heavy demand for candies and chocolates, as they are a major part of US festivals. It is also a regular item on the shopping lists of many US consumers. The consumption of chocolate and other confectionery treats is associated with many events and holidays throughout the year like Valentine's Day, Halloween, Easter, Thanksgiving, and Christmas. "Trick or treat" is a Halloween special where kids go house-to-house and ask for a trick/treat. The sales of confectionery products in the US shoot up during such festivals. Seasonal chocolate sales are extremely valuable. Owing to this, many manufacturers capitalize on holiday consumerism during that time of the year by creating attractive packaging for confectionery products. There are expansive opportunities for confectioneries during celebrations, as chocolates are being replaced for desserts. Manufacturers introduce many products during the time of festivals owing to the high sales opportunities. Hence, such factors are expected to drive the market's growth during the forecast period.

Key Confectionery Market Trends in the US

The rising demand for organic chocolate is one of the major trends influencing the confectionery market in US growth. Organic chocolate is chocolate that has been certified as organic. Conventional chocolate uses cacao beans and sugar cultivated using chemical fertilizers, pesticides, herbicides, and others. However, the demand for healthy snacking has increased over the past few years because of rising health awareness among the global population. The need for healthier snacking has led to the popularity of organic snacks and sugar and chocolate products. The increasing appeal of snacks that are healthier, tastier, and more convenient to eat will increase the consumption of organic chocolates. The increasing interest in organic products among consumers opens up many opportunities in the confectionery market in the US. The organic chocolate segment has been witnessing decent growth globally and is gaining huge popularity among Millennials. Chocolate manufacturers are making major efforts to meet the growing demand for organic chocolate, which, in turn, will boost the growth of the confectionery market in the US during the forecast period.

Key Confectionery Market Challenge in the US

Stringent rules and regulations are one of the major challenges impeding the confectionery market in US growth. The Food and Drug Administration (FDA) has set guidelines in terms of the required standards for chocolate products. One of the most significant changes in the newly brought into effect line "added sugars", which was an opposed change but has prevailed despite fierce industry opposition. This will render major implications for the confectionery industry, as it might create aversions in the minds of consumers who want to cut down on their sugar content due to increasing diabetes rates and childhood obesity. As a result, the retail sales volume in the chocolate confectionery industry is expected to stagnate from 2016 to 2021. The nomenclature in the confectionery is mandatory. For instance, it is binding for confectionery manufacturers to mention whether chocolate confectionery is "sweet chocolate coating", "semisweet chocolate", "semisweet chocolate coating", "bittersweet chocolate", or "bittersweet chocolate coating". Thus, such factors are expected to hinder the growth of the market in focus during the forecast period.

This confectionery market in the US analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the confectionery market in the US in the US as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the confectionery market in the US during the forecast period.

Who are the Major Confectionery Market Vendors in the US?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• American Licorice Co.
• Anthony Thomas Candy Co.
• Ashers Chocolate Co.
• Candyrific
• Corporativo Bimbo SA de CV
• Elmer Chocolate
• Ferrero International
• Ford Gum Inc.
• GEORGIA NUT CO. Inc.
• Hormel Foods Corp.
• Jelly Belly
• Lindt and Sprungli AG
• Mars Inc.
• Mondelez International Inc.
• Nestle SA
• The Hershey Co.
• The Kraft Heinz Co.
• The Madelaine Chocolate Co.
• Tootsie Roll Industries Inc.
• Zachary Confections, Inc

This statistical study of the confectionery market in the US encompasses successful business strategies deployed by the key vendors. The confectionery market in the US is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market.

Product Insights and News

• americanlicorice.com - The company offers sour punch strawberry bites which are designed as candies to be served at children's birthday parties.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The confectionery market in the US forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Confectionery Market in US Value Chain Analysis

Our report provides extensive information on the value chain analysis for the confectionery market in the US, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating Distribution Channel Segments in the Confectionery Market in the US?

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The confectionery market share growth in the US in the offline segment will be significant during the forecast period. The demand for chocolate confectionery is majorly driven by the consumer inclination toward splurging on luxury gourmet chocolates. A large number of manufacturers in the US offer a variety of luxury chocolates. As these chocolates are optimally priced, they are an easy and affordable indulgence for consumers

This report provides an accurate prediction of the contribution of all the segments to the growth of the confectionery market size in the US and actionable market insights on the post-COVID-19 impact on each segment.

You may be interested in:

Chocolate Confectionery market - The market share is expected to increase by USD 30.28 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.71%.

Sugar-free Confectionery market - The market size is expected to grow by USD 3.56 bn and record a CAGR of 3% during 2020-2024.

Confectionery market - The market share is expected to increase by USD 61.69 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.75%.

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What are the Key Data Covered in this Confectionery Market in US Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive confectionery market growth in the US during the next five years
• Precise estimation of the confectionery market size in the US and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the confectionery industry in the US
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of confectionery market vendors in the US

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