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Report
North America Confectionery Market Report and Forecast 2024-2032
Market Report I 2024-01-03 I 149 Pages I EMR Inc.
North America Confectionery Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the North America confectionery market is being driven by the growing USA market. Aided by the evolving consumer preferences, the introduction of innovative products, and the deep-rooted cultural tradition of gifting sweets during festive seasons, the US market is expected to grow at a steady pace in the forecast period of 2024-2032, growing at a CAGR of 1.9%.
Confectionery, a term synonymous with delightful candies, chocolates, and various sugar-based treats, has been a cornerstone of North American culinary indulgence. From the classic chocolate bars to the diversified gummies and jellies, the continent's love for confectionery is both historic and enduring. These sweet treats are not just mouth-watering indulgences but also an integral part of the socio-cultural fabric, be it Halloween, Valentine's, or Christmas celebrations.
One of the primary drivers bolstering the North American confectionery market growth is the continuous innovation by manufacturers. Responding to the demands of a discerning clientele, brands have introduced products with unique flavours, healthier ingredients, and sustainable packaging. The surge in artisanal and craft chocolates, emphasising organic ingredients and ethical sourcing, testifies to this evolving trend.
Moreover, the burgeoning health and wellness movement in North America has been influencing the North American confectionery market outlook. Consumers, while still enchanted by sweet treats, are more conscious about the ingredients. This has led to a surge in demand for dark chocolates, sugar-free candies, and products infused with functional ingredients like probiotics or essential vitamins.
Additionally, the rise of e-commerce platforms and digital marketing strategies has granted the confectionery brands a wider audience reach. Seasonal offerings, subscription boxes, and personalised confectionery products have gained traction, facilitated by the seamless online shopping experience.
The diverse application of confectionery products in the food and beverage sector also boosts the North American confectionery market demand. Confectioneries find their way into ice creams, yogurts, and baked products, adding flavour, texture, and aesthetic appeal. Furthermore, the gifting culture, especially during festive seasons, has kept the demand for premium chocolates and assorted candies buoyant.
Market Segmentation
The market can be divided based on type and country.
Market Breakup by Type
- Chocolate
o White
o Milk
o Dark
- Non-Chocolate
- Gums & Mints
Market Breakup by Country
- United States of America
- Canada
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America natural sweeteners market. Some of the major players explored in the report by Expert Market Research are as follows:
- The Hershey Company
- Nestle S.A (Nestle USA)
- Mars Inc.
- Ferrero spa
- Mondelez International
- Chocoladefabriken Lindt & Sprungli AG
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 North America
7 Opportunities and Challenges in the Market
8 North America Confectionery Market Analysis
8.1 Key Industry Highlights
8.2 North America Confectionery Historical Market (2018-2023)
8.3 North America Confectionery Market Forecast (2024-2032)
8.4 North America Confectionery Market by Type
8.4.1 Chocolate
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Chocolate by Type
8.4.1.3.1 White
8.4.1.3.2 Milk
8.4.1.3.3 Dark
8.4.2 Non-Chocolate
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Gums & Mints
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 North America Confectionery Market by Country
8.5.1 United States of America
8.5.2 Canada
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter's Five Forces Analysis
9.2.1 Supplier's Power
9.2.2 Buyer's Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Value Chain Analysis
11 North America Confectionery Price Analysis
11.1 United States
11.1.1 Chocolate Confectionery Historical Price Trends (2018-2023) & Forecast (2024-2032)
11.1.2 Non-Chocolate Confectionery Historical Price Trends (2018-2023) & Forecast (2024-2032)
11.1.3 Gums and Mints Historical Price Trends (2018-2023) & Forecast (2024-2032)
11.2 Canada
11.2.1 Chocolate Confectionery Historical Price Trends (2018-2023) & Forecast (2024-2032)
11.2.2 Non-Chocolate Confectionery Historical Price Trends (2018-2023) & Forecast (2024-2032)
11.2.3 Gums and Mints Historical Price Trends (2018-2023) & Forecast (2024-2032)
12 Global Trade Data Analysis
12.1 Global Trade Analysis (HS Code: 1704)
12.2 Major Exporting Countries
12.2.1 By Value
12.2.2 By Volume
12.3 Major Importing Countries
12.3.1 By Value
12.3.2 By Volume
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 The Hershey Company
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Nestle S.A (Nestle USA)
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Mars Inc.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Ferrero spa
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Mondelez International
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Chocoladefabriken Lindt & Sprungli AG
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Confectionery Market: Key Industry Highlights, 2018 and 2032
2. North America Confectionery Historical Market: Breakup by Type (USD Million), 2018-2023
3. North America Confectionery Market Forecast: Breakup by Type (USD Million), 2024-2032
4. North America Confectionery Historical Market: Breakup by Country (USD Million), 2018-2023
5. North America Confectionery Market Forecast: Breakup by Country (USD Million), 2024-2032
6. United States of America Chocolate Confectionery Historical Price Trends and Forecast 2018-2028
7. United States of America Non-Chocolate Confectionery Historical Price Trends and Forecast 2018-2028
8. United States of America Gums and Mints Historical Price Trends and Forecast 2018-2028
9. Canada Chocolate Confectionery Historical Price Trends and Forecast 2018-2028
10. Canada Non-Chocolate Confectionery Historical Price Trends and Forecast 2018-2028
11. Canada Gums and Mints Historical Price Trends and Forecast 2018-2028
12. Major Exporting Countries by Value
13. Major Importing Countries by Value
14. Major Exporting Countries by Volume
15. Major Importing Countries by Volume
16. North America Confectionery Market Structure
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