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Confectionery Market in US by Product and Distribution Channel - Forecast and Analysis 2022-2026

  • Published: Aug 2022
  • Pages: 116
  • SKU: IRTNTR46396
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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?

Confectionery Market in US Size

Download Report Sample to Unlock the Confectionery Market Size in the US for the Forecast Period and Other Important Statistics

 

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?

Confectionery Market Share

To gain further insights on the market contribution of various segments Request a PDF Sample

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.

 

Confectionery Market Scope in US

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.12%

Market growth 2022-2026

$ 8.35 billion

Market structure

Fragmented

YoY growth (%)

3.23

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. 

Customization purview

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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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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 07: Parent market
    • Exhibit 08: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 09: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 10: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 11: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 12: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 13: Chart on US: Year-over-year growth 2021-2026 (%)
      • Exhibit 14: Data Table on US: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 15: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 16: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 17: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 18: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 19: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 20: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 21: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Distribution Channel

    • 5.1 Market segments
      • Exhibit 22: Chart on Distribution Channel - Market share 2021-2026 (%)
      • Exhibit 23: Data Table on Distribution Channel - Market share 2021-2026 (%)
    • 5.2 Comparison by Distribution Channel
      • Exhibit 24: Chart on Comparison by Distribution Channel
      • Exhibit 25: Data Table on Comparison by Distribution Channel
    • 5.3 Offline - Market size and forecast 2021-2026
      • Exhibit 26: Chart on Offline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 27: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 28: Chart on Offline - Year-over-year growth 2021-2026 (%)
      • Exhibit 29: Data Table on Offline - Year-over-year growth 2021-2026 (%)
    • 5.4 Online - Market size and forecast 2021-2026
      • Exhibit 30: Chart on Online - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Data Table on Online - Market size and forecast 2021-2026 ($ million)
      • Exhibit 32: Chart on Online - Year-over-year growth 2021-2026 (%)
      • Exhibit 33: Data Table on Online - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Distribution Channel
      • Exhibit 34: Market opportunity by Distribution Channel ($ million)

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 35: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 36: Data Table on Product - Market share 2021-2026 (%)
    • 6.2 Comparison by Product
      • Exhibit 37: Chart on Comparison by Product
      • Exhibit 38: Data Table on Comparison by Product
    • 6.3 Chocolate confectionery - Market size and forecast 2021-2026
      • Exhibit 39: Chart on Chocolate confectionery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 40: Data Table on Chocolate confectionery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Chart on Chocolate confectionery - Year-over-year growth 2021-2026 (%)
      • Exhibit 42: Data Table on Chocolate confectionery - Year-over-year growth 2021-2026 (%)
    • 6.4 Sugar confectionery - Market size and forecast 2021-2026
      • Exhibit 43: Chart on Sugar confectionery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Data Table on Sugar confectionery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Chart on Sugar confectionery - Year-over-year growth 2021-2026 (%)
      • Exhibit 46: Data Table on Sugar confectionery - Year-over-year growth 2021-2026 (%)
    • 6.5 Gum confectionery - Market size and forecast 2021-2026
      • Exhibit 47: Chart on Gum confectionery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Data Table on Gum confectionery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 49: Chart on Gum confectionery - Year-over-year growth 2021-2026 (%)
      • Exhibit 50: Data Table on Gum confectionery - Year-over-year growth 2021-2026 (%)
    • 6.6 Market opportunity by Product
      • Exhibit 51: Market opportunity by Product ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 52: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 53: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 54: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 55: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 56: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 57: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 58: Matrix on vendor position and classification
            • 10.3 American Licorice Co.
              • Exhibit 59: American Licorice Co. - Overview
              • Exhibit 60: American Licorice Co. - Product / Service
              • Exhibit 61: American Licorice Co. - Key offerings
            • 10.4 Anthony Thomas Candy Co.
              • Exhibit 62: Anthony Thomas Candy Co. - Overview
              • Exhibit 63: Anthony Thomas Candy Co. - Product / Service
              • Exhibit 64: Anthony Thomas Candy Co. - Key offerings
            • 10.5 Ashers Chocolate Co.
              • Exhibit 65: Ashers Chocolate Co. - Overview
              • Exhibit 66: Ashers Chocolate Co. - Product / Service
              • Exhibit 67: Ashers Chocolate Co. - Key offerings
            • 10.6 Candyrific
              • Exhibit 68: Candyrific - Overview
              • Exhibit 69: Candyrific - Product / Service
              • Exhibit 70: Candyrific - Key offerings
            • 10.7 Elmer Chocolate
              • Exhibit 71: Elmer Chocolate - Overview
              • Exhibit 72: Elmer Chocolate - Product / Service
              • Exhibit 73: Elmer Chocolate - Key offerings
            • 10.8 Ferrero International
              • Exhibit 74: Ferrero International - Overview
              • Exhibit 75: Ferrero International - Product / Service
              • Exhibit 76: Ferrero International - Key offerings
            • 10.9 Ford Gum Inc.
              • Exhibit 77: Ford Gum Inc. - Overview
              • Exhibit 78: Ford Gum Inc. - Product / Service
              • Exhibit 79: Ford Gum Inc. - Key offerings
            • 10.10 GEORGIA NUT CO. Inc.
              • Exhibit 80: GEORGIA NUT CO. Inc. - Overview
              • Exhibit 81: GEORGIA NUT CO. Inc. - Product / Service
              • Exhibit 82: GEORGIA NUT CO. Inc. - Key offerings
            • 10.11 Hormel Foods Corp.
              • Exhibit 83: Hormel Foods Corp. - Overview
              • Exhibit 84: Hormel Foods Corp. - Business segments
              • Exhibit 85: Hormel Foods Corp. - Key news
              • Exhibit 86: Hormel Foods Corp. - Key offerings
              • Exhibit 87: Hormel Foods Corp. - Segment focus
            • 10.12 Lindt and Sprungli AG
              • Exhibit 88: Lindt and Sprungli AG - Overview
              • Exhibit 89: Lindt and Sprungli AG - Business segments
              • Exhibit 90: Lindt and Sprungli AG - Key news
              • Exhibit 91: Lindt and Sprungli AG - Key offerings
              • Exhibit 92: Lindt and Sprungli AG - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 93: Inclusions checklist
                • Exhibit 94: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 95: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 96: Research methodology
                • Exhibit 97: Validation techniques employed for market sizing
                • Exhibit 98: Information sources
              • 11.5 List of abbreviations
                • Exhibit 99: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Confectionery market growth will increase by $8350.58 million during 2022-2026.
              The confectionery market is expected to grow at a CAGR of 4.12% during 2022-2026.
              Technavio has segmented the confectionery market by distribution channel (Chocolate confectionery, Sugar confectionery, and Gum confectionery) ,product (Chocolate confectionery, Sugar confectionery, and Gum confectionery) , and geographic (US and North America).
              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 are a few of the key vendors in the confectionery market.
              North America will register the highest growth rate of 100% among the other regions. Therefore, the confectionery market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the confectionery market growth are:
              • Seasonal demand for confectioneries
              • Increasing demand for medicated confectionery
              The confectionery market vendors should focus on grabbing business opportunities from the chocolate confectionery segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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