United States Confectionary Market Assessment, By Confectionery Type [Baker’s Confectionery-Cookies, Cakes, Pastries, Others; Sugar Confectionery-Chocolate/Nougat, Candies, Gums, Mints, Ice-Cream, Others], By Flavour [Dark Chocolate, White/Milk Chocolate, Caramels, Fruit and Nuts, Others], By Nutrition [Energy Bars, Conventional Bars], By Distribution Channel [Online; Offline-Supermarkets/Hypermarkets, Convenience Stores, Pharmacies/Drug Stores, Bakeries, Brand Store/ Kiosks, Others], By Region, Opportunities, and Forecast, 2016-2030F

United States Confectionery Market witnessed a CAGR of 5.3% during the forecast period 2023-2030 and was valued at USD 33.21 billion in 2022.

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United States Confectionery Market witnessed a CAGR of 5.3% during the forecast period 2023-2030 and was valued at USD 33.21 billion in 2022. Drivers influencing the growth of confectionery market in the United States include higher usage of chocolates and candies for gifting purpose, consumption of candies at home as a treat and consumer preference of trying newer varieties of confectionery items. Consumers in the Unites States are more prone to confectionery products especially candies. As per USDA, more than 68% of the candies are consumed at home by the people in the United States.

The United States is the largest importer of confectionery products with 1500KT imports in 2021. Chocolate confectionery accounted of nearly 50% of the total confectionery sales in the country in 2022. For a long period of time, the confectionary sector remained immune to changing health preferences of customers. Consumers have been demanding for healthier and more organic products for a while now, but their focus has largely been on the essential "mealtime" foods like meat, dairy, prepared foods, and bakery, to mention a few. Sales of low-calorie and sugar-free confectionery products have increased owing to increasing health awareness and obesity incidence in the United States.

Affordability of Wide Range of Products in New Flavours

Consumers are always willing to try new products, which offers them variety of options. Candy companies focus on making their products more appealing for kids by offering variety of products in terms of flavour and packaging. As a result, vendors in this industry must invest extensively in research & development to generate new goods with innovative designs, flavours, and packaging.

Preference for Healthier Confectionery

In response to consumer’s demand for healthier snacks, huge corporations have made a significant strategic decision that prioritises convenience, flavour, and healthier snacking. The demand for organic chocolate is increasing because it doesn't contain any added ingredients that can negatively impact the health of the consumer. As customers are prioritizing their health and wellness, they prefer natural, gluten and sugar free chocolates. Majority of confectionery companies are offering new chocolate flavours in inventive packaging that allows consumers to enjoy a tiny amount while saving the rest for later.

Government Scheme for United States Confectionary

The NCA (National Confectioners Association) is a trade association that promotes chocolate, gums, candy, mints and the companies that manufactures them. As the largest association for the confectionery business in the United States, NCA works to ensure that the public knows and appreciates the special role that chocolates and candies plays in leading a healthy and balanced lifestyle.

Impact of COVID-19 on United States Confectionary Market

The market for confectionery has been severely impacted by the COVID-19 pandemic. Throughout 2020, the confectionery industry has been affected by the strict regulations and lockdown, which had a drastic impact on the supply chain of raw materials (agro-based product, food products, and advanced food products), trade and logistic support, demand-supply volatility, uncertain customer needs, and the workforce at the industrial level. One of the main factors that affected the confectionery industry during the lockdown was the reduction in sales because of fewer presents and purchases made by consumers across the nation. The confectionary market recovered after the lockdown due to the reopening of manufacturing facilities, and supply chain of companies started improving.

Impact of Russia-Ukraine War on United States Confectionary Market

The Russia-Ukraine war negatively impacted the market globally, especially in Eastern Europe, the United States, Eastern & Central Asia. Major confectionery producers such as Mars, Mondelz, and Nestlé announced that they had temporarily halted manufacturing.

United States Confectionary Market Assessment, Opportunities, and Forecast: Report Scope

United States Confectionary Market Overview, 2016-2030F,” a comprehensive report by Market Xcel, provides an analytical and statistical guide of the size, share, growth trends, COVID-19 impact, impact of Russia-Ukraine war, opportunities, and forecasts (2023-2030F) for the United States Confectionary market. Additionally, the research scope profiles the top players in the industry, mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute

Details

Base Year for analysis

2022

Historical Period

2016-2021

Forecast Period

2023-2030

Market Size in 2022

USD 33.21 Billion

Projected Growth Rate

CAGR of 5.3% from 2023-2030

Revenue Forecast in 2030

USD 48.21 Billion

Units

Revenue in USD and Volume in Units

Segments Covered

By Confectionery Type

By Flavour

By Nutrition

By Distribution Channel

 

Regions Covered

Northeast

Southwest

West

Southeast

Midwest

Key Companies Profiled

Mars, Incorporated, Mondelez International, Inc., The Hershey Company, Ferrero SPA, Nestle USA, Inc., General Mills, Inc., Lindt and Sprungli USA, Inc., The Kraft Heinz Co., Simply Good Foods Co., Kellogg Co.

 

Customization Scope

15% free report customization with purchase.

Pricing and Purchase Options

Avail the customized purchase options to fulfil your precise research needs.

Delivery Format

PDF and excel through email (subject to the license purchased)

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In this report, United States Confectionary Market has been segmented into following categories:

1.       By Confectionery Type

1.1   Baker’s Confectionery

1.1.1         Cookies

1.1.2         Cakes

1.1.3         Pastries

1.1.4         Others

1.2   Sugar Confectionery

1.2.1         Chocolate/Nougat

1.2.2         Candies

1.2.3         Gums

1.2.4         Mints

1.2.5         Ice-Cream

1.2.6         Others

2.       By Flavour

2.1.1         Dark chocolate

2.1.2         White/Milk chocolate

2.1.3         Caramels

2.1.4         Fruit and Nuts

2.1.5         Others

3.       By Nutrition

3.1.1         Energy Bars

3.1.2         Conventional Bars

4.       By Distribution Channel

4.1   Online

4.2   Offline

4.2.1         Supermarkets/Hypermarkets

4.2.2         Convenience Stores

4.2.3         Pharmacies/Drug Stores

4.2.4         Bakeries

4.2.5         Brand Store/ Kiosks

4.2.6         Others 

5.       By Region

5.1   Northeast

5.2   Southwest

5.3   West

5.4   Southeast

5.5   Midwest 

Key Player Landscape and Outlook

Due to the dominant position of a few major companies in the market, the market is extremely concentrated. By expanding its distribution networks, implementing cost-saving strategies, and releasing a wide range of products in the market, the players are making significant profits.

Key Players Operating in United States Confectionary Market

·         Mars, Incorporated

·         Mondelez International, Inc.

·         The Hershey Company

·         Ferrero SPA

·         Nestle USA, Inc.

·         General Mills, Inc.

·         Lindt and Sprungli USA, Inc.

·         The Kraft Heinz Co.

·         Simply Good Foods Co.

·         Kellogg Co.

 

If you can't find what you're searching for or have any custom requirements for the United States Confectionary Market, you may approach our team at info@marketsandata.com

Table of Contents

1.       Research Methodology

2.       Product Overview

3.       Impact of COVID-19 on United States Confectionery Market

4.       Impact of Russia-Ukraine War on United States Confectionery Market

5.       Voice of Customer

5.1   Packaged Products vs Fresh Product

5.2   Brand Awareness and Loyalty

5.3   Factors Considered in Purchase Decision

5.3.1         Hygiene

5.3.2         Quality

5.3.3         Quantity

5.3.4         Price

5.3.5         Quantity w.r.t Price

5.3.6         Packaging

5.3.7         Shelf Life

5.3.8         Offers and Discount

5.3.9         Taste Preferences

5.3.10      Reviews and Recommendations

5.4   Channel of Purchase

5.5   Frequency of Purchase

5.6   Market Intelligence

5.7   Impact of Influencer Marketing or Celebrity Endorsements on Product and Brand Absorption

6.       Executive Summary

7.       United States Confectionery Market Outlook, 2016-2030F

7.1   Market Size & Forecast  

7.1.1         By Value

7.1.2         By Volume

7.2   Market Share & Forecast

7.2.1         By Confectionery Type

7.2.1.1    Baker’s Confectionery

7.2.1.1.1          Cookies

7.2.1.1.2          Cakes

7.2.1.1.3          Pastries

7.2.1.1.4          Others

7.2.1.2    Sugar Confectionery

7.2.1.2.1          Chocolate/Nougat

7.2.1.2.2          Candies

7.2.1.2.3          Gums

7.2.1.2.4          Mints

7.2.1.2.5          Ice-Cream

7.2.1.2.6          Others

7.2.2         By Flavour

7.2.2.1.1          Dark chocolate

7.2.2.1.2          White/Milk chocolate

7.2.2.1.3          Caramels

7.2.2.1.4          Fruit and Nuts

7.2.2.1.5          Others

7.2.3         By Nutrition

7.2.3.1.1          Energy Bars

7.2.3.1.2          Conventional Bars

7.2.4         By Distribution Channel

7.2.4.1    Online

7.2.4.2    Offline

7.2.4.2.1          Supermarkets/Hypermarkets

7.2.4.2.2          Convenience Stores

7.2.4.2.3          Pharmacies/Drug Stores

7.2.4.2.4          Bakeries

7.2.4.2.5          Brand Store/ Kiosks

7.2.4.2.6          Others 

7.2.5         By Region

7.2.5.1    Northeast

7.2.5.2    Southwest

7.2.5.3    West

7.2.5.4    Southeast

7.2.5.5    Midwest

7.2.6         By Company Market Share (%), 2022

8.       United States Confectionery Market Mapping, 2022

8.1   By Confectionery Type

8.2   By Flavour

8.3   By Nutrition

8.4   By Distribution Channel

8.5   By Region

9.       Pricing Analysis for Key Five Market Players

10.   Macro Environment and Industry Structure

10.1           Value Chain Analysis

10.2           Supply Demand Analysis

10.3           Import Export Analysis

10.4           PESTEL Analysis

10.4.1      Political Factors

10.4.2      Economic System

10.4.3      Social Implications

10.4.4      Technological Advancements

10.4.5      Environmental Impacts

10.4.6      Legal Policies and Regulatory Bodies

10.5           Porter’s Five Forces Analysis

10.5.1      Supplier Power

10.5.2      Buyer Power

10.5.3      Substitution Threat

10.5.4      Threat from New Entrant

10.5.5      Competitive Rivalry

11.   Case Studies

12.   Market Dynamics

12.1           Trends and Developments

12.2           Growth Drivers

12.3           Pertaining Challenges

13.   Key Players Landscape

13.1           Competition Matrix of Market Leaders

13.2           Market Revenue Analysis of Market Leaders (in %, 2022)

13.3           SWOT Analysis (For Five Market Players)

13.4           Mergers & Acquisitions/Joint Ventures (If Applicable)

14.   Key Players Outlook

9.1. Mars, Incorporated

14.1.1      Company Details

14.1.2      Key Management Personnel

14.1.3      Products & Services

14.1.4      Financials (As reported)

14.1.5      Key Market Focus & Geographical Presence

14.1.6      Recent Developments

14.2           Mondelez International, Inc.

14.3           The Hershey Company

14.4           Ferrero SPA

14.5           Nestle USA, Inc.

14.6           General Mills, Inc.

14.7           Lindt and Sprungli USA, Inc.

14.8           The Kraft Heinz Co.

14.9           Simply Good Foods Co.

14.10       Kellogg Co.

*Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work

15.   Strategic Recommendations

16.   About Us & Disclaimer

List of Figure_United States Confectionery Market

Figure 1. United States Confectionery Market, By Value, In USD Million, 2016 - 2030F

Figure 2. United States Confectionery Market, By Volume, In Thousand Units, 2016 - 2030F

Figure 3. United States Confectionery Market Share, By Confectionery Type, In USD Million, 2016 - 2030F

Figure 4. United States Confectionery Market Share, By Confectionery Type, In Thousand Units, 2016 - 2030F

Figure 5. United States Confectionery Market Share, By Flavour, In USD Million, 2016 - 2030F

Figure 6. United States Confectionery Market Share, By Flavour, In Thousand Units, 2016 - 2030F

Figure 7. United States Confectionery Market Share, By Nutrition, In USD Million, 2016 - 2030F

Figure 8. United States Confectionery Market Share, By Nutrition, In Thousand Units, 2016 - 2030F

Figure 9. United States Confectionery Market Share, By Distribution Channel, In USD Million, 2016 - 2030F

Figure 10. United States Confectionery Market Share, By Distribution Channel, In Thousand Units, 2016 - 2030F

Figure 11. United States Confectionery Market Share, By Region, In USD Million, 2016 - 2030F

Figure 12. United States Confectionery Market Share, By Region, In Thousand Units, 2016 - 2030F

Figure 13. By Confectionery Type Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 14. By Flavour Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 15. By Nutrition Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 16. By Distribution Channel Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 17. By Region Map-Market Size (USD Million) & Growth Rate (%), 2022

List of Table_United States Confectionery Market

Table 1. Pricing Analysis of Products from Key Players

Table 2. Competition Matrix of Top 5 Market Leaders

Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)

Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

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