North American Confectionery Market Trends, Size, Competitive Analysis and Forecast 2020-2026
The North American confectionery market is anticipated to grow with a considerable CAGR during the forecast period (2020-2026). The confectionary market growth is mainly influenced by the growing demand for premium chocolate and various other good quality ethically sourced cocoa products. Additionally, the prevalence of obesity is also high across the region. According to the CDC’s survey, in 2019 approximately 40.0% of adults and 18.5% of children in the age range of 2 to 19 years in the US have obesity disorder. Hence, the high obesity rate across the region is driving the adoption of healthy products such as low calorie, high cocoa, and functional ingredient-based ingredients in the confectionery industry.
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Furthermore, the fitness trend
is also gaining considerable popularity across the region with more and more people
opting for gym and health clubs. This is anticipated to increase the adoption
of protein bars and other healthy ingredient-based confections. Moreover, the
seasonal chocolate gifting trend across the region is also increasing the
adoption of premium chocolate. In addition to this, strong campaigns are also
aiding companies’ revenue with increasing the popularity of confectioneries
among people. This in turn will also impact the growth of the North American
confectionery market during the forecast period.
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·
The market number available for – 2019-2026
·
Base year- 2019
·
Forecast period- 2020-2026
Segment Covered-
·
By Type
·
By Distribution Channel
Countries Covered-
·
US
·
Canada
·
Competitive Landscape- Mars, Inc., Meiji Holding
Co. Ltd., Nestle S.A., The Kraft Heinz Company
North
American Confectionery Market Report Segment
By Type
·
Sugar
Confectionery
·
Chocolate
Confectionery
·
Bakers
Confectionery
By
Distribution Channel
·
Supermarkets/
Hypermarkets
·
Convenience
Stores
·
Online
Channel
North
American Confectionery Market Report Segment- By Geography
·
United
States
·
Canada
Company
Profiles
·
Arcor
SAIC
·
Cavalier
Candies Ltd.
·
Chocoladefabriken
Lindt & Sprüngli AG
·
Ferrero
U.S.A., Inc.
·
Ganong
Bros., Ltd.
·
Karma
Candy Inc.
·
Mars,
Inc.
·
Meiji
America Inc.
·
Mondel?z
Global LLC
·
Perfetti
Van Melle USA Inc.
·
The
Hershey Co.
·
Waterbridge
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