Confectionery Market in the US 2017-2021

  • ID: 4390906
  • Report
  • Region: United States
  • 66 pages
  • TechNavio
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FEATURED COMPANIES

  • American Licorice Company
  • Candyrific
  • GEORGIA NUT
  • Justin's
  • Madelaine’s
  • Nestlé
  • MORE
About Confectionery

Confectionery consists an array of food products such as chocolates, various sugar-based products like toffees, candies and edible gums including- chewing gums, sugarless gums and breath fresheners. Confectioneries are mainly sold through a wide range of retail distribution channels such as hypermarkets, supermarkets, health stores, and convenience stores.

The analysts forecast the confectionery market in the US to grow at a CAGR of 1.68% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the confectionery market in the US for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of confectionery products such as chocolate confectionery, sugar confectionery, and gums sold through various retail outlets in the US, which include, but are not limited to, hypermarkets, supermarkets, convenience stores, warehouse clubs, drug stores and online channel.

The report, Confectionery Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Hershey
  • Mars
  • Mondelez International
  • Nestlé
  • Lindt & Sprüngli
Other prominent vendors
  • Asher's Chocolates
  • Anthony-Thomas Candy
  • American Licorice Company
  • Candyrific
  • Elmer Chocolate
  • Ford Gum & Machine
  • GEORGIA NUT
  • Justin's
  • Jelly Belly Candy
  • KIND
  • Madelaine’s
  • Tootsie Roll
  • Zachary Confections
Market drivers
  • Seasonal demand for confectioneries
  • For a full, detailed list, view the full report
Market challenges
  • Fluctuation in the prices of raw materials
  • For a full, detailed list, view the full report
Market trends
  • Rise in the number of strategic alliances
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • American Licorice Company
  • Candyrific
  • GEORGIA NUT
  • Justin's
  • Madelaine’s
  • Nestlé
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Segmentation by distribution channel
  • Segmentation by product type
  • Confectionery market in the US
  • Five forces analysis
  • Marketing mix for confectionery market in the US
PART 06: Market segmentation by product type
  • Confectionery market in the US by product type
  • Chocolate confectionery market in the US
  • Sugar confectionery market in the US
  • Gums market in the US
PART 07: Market segmentation by distribution channel
  • Market segmentation by distribution channel
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
PART 10: Market trends
  • Rise in the number of strategic alliances
  • Increasing focus on sustainable packaging methods
  • Increasing demand for organic confectionery products
  • Increasing demand for medicated confectionery
PART 11: Competitor analysis
  • Competitive scenario
  • Competitive positioning assessment
  • Market positioning matrix based on product portfolio and brand presence for key market players
  • Hershey
  • Mars
  • Mondelez International
  • Nestlé
  • Lindt & Sprüngli
  • Other prominent market players
PART 12: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Value chain of confectionery industry
Exhibit 02: Overview of confectionery market in the US
Exhibit 03: Confectionery market in the US 2016-2021 ($ billions)
Exhibit 04: Five forces analysis
Exhibit 05: Marketing mix for confectionery market in the US
Exhibit 06: Confectionery market in the US by product type 2016-2021 (% share of revenue)
Exhibit 07: Chocolate confectionery market in the US 2016-2021 ($ billions)
Exhibit 08: Sugar confectionery market in the US 2016-2021 ($ billions)
Exhibit 09: Gums market in the US 2016-2021 ($ billions)
Exhibit 10: Confectionery market in the US by distribution channel in 2016 (% share of revenue)
Exhibit 11: Number of convenience stores in the US 2010-2015
Exhibit 12: Fundamentals for confectionery manufacturer for optimum presence online
Exhibit 13: US internet penetration rate 2010-2016 (%)
Exhibit 14: Competitive positioning matrix for confectionery manufacturers in the US 2016
Exhibit 15: Market positioning matrix based on product portfolio and brand presence for key market competitors
Exhibit 16: Hershey: Product portfolio
Exhibit 17: Mars: Product portfolio
Exhibit 18: Mondelez International: Product portfolio
Exhibit 19: Nestlé: Product portfolio
Exhibit 20: Lindt & Sprüngli: Product portfolio
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • American Licorice Company
  • Candyrific
  • GEORGIA NUT
  • Justin's
  • Madelaine’s
  • Nestlé
  • MORE
New Report Released: - Confectionery Market in the US 2017-2021

The author of the report recognizes the following companies as the key players in the confectionery market in the US: Hershey, Mars, Mondelez International, Nestlé, and Lindt & Sprüngli.

Other Prominent Vendors in the market are: Asher's Chocolates, Anthony-Thomas Candy, American Licorice Company, Candyrific, Elmer Chocolate, Ford Gum & Machine, GEORGIA NUT, Justin's, Jelly Belly Candy, KIND, Madelaine’s, Tootsie Roll, and Zachary Confections.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Rise in the number of strategic alliances. Confectionery manufacturers focus extensively in M&A by utilizing key strategies to acquire major share and presence in the market. The alliances of manufacturers help in the launching of their joint ventures into a separate entity. For instance, in the first of 2017, Nuts.com, a New Jersey-based e-retailer of nuts and dried fruits announced the acquisition of Koppers Chocolate, a New York-based chocolate manufacturer. This alliance has provided Nuts.com with a varied product portfolio and a good brand value to Koppers Chocolate.”

According to the report, one of the major drivers for this market is Seasonal demand for confectioneries. There is a heavy demand for candies and chocolates, as they are a major part of the 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 trick/treat. The sales of confectionery products in the US shoot up during such festivals. Seasonal chocolate sales are extremely valuable.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuation in the prices of raw materials. Cocoa prices have been fluctuating over the last few years. These fluctuations make chocolate production costs also volatile. Chocolate manufacturers are concerned about the fluctuating cocoa prices as they are unable to estimate their production costs on a yearly basis due to such fluctuations. Cocoa prices depend heavily on its growing conditions that keep varying each month. The spread of diseases, aging crops, and political instability in West Africa are the other factors influencing the organic cocoa prices. The recent epidemic of Ebola in Africa has also added to the soaring cocoa prices.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Hershey
  • Mars
  • Mondelez International
  • Nestlé
  • Lindt & Sprüngli
  • Asher's Chocolates
  • Anthony-Thomas Candy
  • American Licorice Company
  • Candyrific
  • Elmer Chocolate
  • Ford Gum & Machine
  • GEORGIA NUT
  • Justin's
  • Jelly Belly Candy
  • KIND
  • Madelaine’s
  • Tootsie Roll
  • Zachary Confections
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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