Opportunities in the North American Confectionery Sector: Analysis of Opportunities Offered by Countries in the Region

  • ID: 4394503
  • Report
  • Region: North America, United States
  • 90 pages
  • GlobalData
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FEATURED COMPANIES

  • Ferrara Candy Company
  • Ferrero
  • Mars
  • Mondelez International
  • Nestle
  • Perfetti Van Melle
  • MORE
Opportunities in the North American Confectionery Sector: Analysis of Opportunities Offered by Countries in the Region

Summary

Global Confectionery sector was valued at US$156,358.4 Million in 2016 and is forecast to record a CAGR of 4.6% during 2016-2021 to reach US$195,756.9 Million by 2021. Western Europe, with a value share of 29.6%, represents the largest regional market, while North America is the second largest market, accounting for a 27.5% share and is forecast to record a CAGR growth of 4.2% during 2016-2021. The large market and high growth rates in the region can be attributed to high disposable incomes and consumer desire for an indulgent treat.

North America is the second largest Confectionery market in the world, accounting for US$42,920.8 Million in 2016, and is forecast to grow at a CAGR of 4.2% to reach US$52,616.5 Million in 2021. Chocolate is the largest market within the sector, accounting for US$23,849.7 Million (55.6% of the overall Confectionery sector) in 2016, and is expected to reach US$28,874.6 Million in 2021, growing at a CAGR 3.9%.

Hypermarkets & Supermarkets are the most popular distribution channels for Confectionery products in North America; accounting for 39.7% of sales and is followed by Convenience Stores with a 19.2% share. This is due to the high penetration of large supermarket chains in the US and Canada and the fact that Hypermarkets & Supermarkets offer a large variety of economically priced products. A significant portion of Confectionery sales involve impulse purchases explaining Convenience Stores large share of the market.

Flexible packaging is the most commonly used material in the sector and accounted for 81.1% (in packaging unit terms) of packaging in 2016 while bag/sachet was the most used pack type at 38.8% in 2016 as well. Prize Off is the most commonly used packaging closure type, accounting for a 66.3% share in 2016.

Overall Confectionery sector in North America is highly fragmented with the top five brands; Trident, Kisses, Extra Dark, Reese’s, and M&M’s, accounted for only 10.8% of the market value in 2016. Additionally, private label brands occupied a share of only 2.5% by value in 2016 because of the intense competition in the market which pushes costs up for retailers.

The report "Opportunities in the North American Confectionery Sector" brings together multiple data sources to provide a comprehensive overview of the North American Confectionery sector.

In particular, this report provides the following analysis:
  • Sector Overview: Provides overview of the sector size, value and volume growth analysis across regions.
  • Change in Consumption: Analysis on the shift in consumption of Confectionery by markets across countries in the North American region.
  • Health & Wellness Analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Confectionery sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Confectioneries in 2016. It also covers the market share of leading companies offering Confectioneries with health and wellness attributes in the same year.
  • Country Analysis: Provides deep-dive analysis of the countries in the region covering value growth during 2016-2021, key challenges, consumer demographics, and key trends supported with product examples. It also includes analysis of the key challenges faced and future outlook for the region.
  • Brand Analysis: Provides an overview of leading brands in North America, besides analyzing the growth of private labels in the region.
  • Key Distribution Channels: Provides analysis on the leading distribution channels in the Confectionery sector in 2016. It covers five distribution channels - Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, Department Stores, Vending machines, “Dollar Stores”, Variety Stores & General Merchandise Retailers and Others that include - Cash & Carries and Warehouse Clubs, e-Retailers, Drug stores & Pharmacies and Other retailers.
Companies mentioned in this report: Yildiz Holding, Tootsie Roll Industries, The Hershey Company, Perfetti Van Melle, Nestle, Mondelez International, Mars, Ferrero, Ferrara Candy Company, Chocoladefabriken Lindt & Sprungli.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the North American Confectionery sector.

It includes analysis on the following:
  • Sector overview: Provides overview of the sector size, value and volume growth analysis across regions.
  • Change in consumption: Analysis on the shift in consumption of Confectionery by markets across countries in the North American region.
  • Health & Wellness analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Confectionery sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Confectioneries in 2016. It also covers the market share of leading companies offering Confectioneries with health and wellness attributes in the same year.
  • Country analysis: Provides deep-dive analysis of the countries in the region covering value growth during 2016-2021, key challenges, consumer demographics, and key trends supported with product examples. It also includes analysis of the key challenges faced and future outlook for the region.
  • Brand Analysis: Provides an overview of leading brands in North America, besides analyzing the growth of private labels in the region.
  • Key distribution channels: Provides analysis on the leading distribution channels in the Confectionery sector in 2016. It covers five distribution channels - Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, Department Stores, Vending machines, “Dollar Stores”, Variety Stores & General Merchandise Retailers and Others that include - Cash & Carries and Warehouse Clubs, e-Retailers, Drug stores & Pharmacies and Other retailers.
  • Preferred packaging formats: The report provides percentage share (in 2016) and growth analysis (during 2011-2021) for various packaging materials, container, closure, and outer types based on the sales (by pack units) of Confectioneries.
Reasons to buy
  • Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region.
  • The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis , that can help companies gain insight into the country specific nuances
  • The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
  • To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Ferrara Candy Company
  • Ferrero
  • Mars
  • Mondelez International
  • Nestle
  • Perfetti Van Melle
  • MORE
1. Executive summary

2. Market size and growth analysis (Region analysis)
Market Size in Context - North America compared to other regions
Growth analysis by region
Growth Analysis by country

3. Growth potential by countries in North America
Risk and reward analysis - Methodology
Risk and reward analysis - Opportunity scores

4. Market size and growth analysis
Overview - Value and volume growth analysis by country
Growth Contribution Analysis by Country
Share of Prepared Meals compared to other Food sectors
Change in consumption levels by country and markets
Per Capita Consumption and Expenditure analysis

5. Country profiles
US
Canada
Mexico

6. Success stories

7. Company and brand analysis
Brand Share analysis in the Confectionery sector
Leading companies in the North American Confectionery sector
Leading brands in the North American Confectionery sector
Private Label penetration in the Confectionery sector

8. Health & Wellness analysis
Health & Wellness analysis - Overview
Health & Wellness analysis - Growth contribution by country
Health & Wellness analysis - Key product attributes and consumer benefits
Leading Health & Wellness companies by market share

9. Key Distribution Channels
Leading Distribution Channels by countries
Leading Distribution Channels by categories

10. Key Packaging Formats
Growth analysis by key packaging material and container type
Growth analysis by closure type and outer type

11. Challenges and Future Outlook
Key challenges
Future outlook

12. Appendix

List of Tables
Regional comparison: Market size, growth, and per capita analysis, 2016-2021
Risk and reward analysis - Opportunity scores
Overview - Value and volume growth analysis by country
Value share of Confectionery sector as a proportion of overall food by country, 2016
Change in % consumption levels in value terms, 2016-2021
Per Capita Consumption, 2016
Per Capita Expenditure, 2016
US Confectionery - Overview, % value share by market, 2016
Canada Confectionery - Overview % value share by market, 2016
Mexico Confectionery - Overview % value share by market, 2016
Brand share analysis - Confectionery sector
Private Label penetration in the Confectionery sector
Health & Wellness value and its share in overall sales, 2011-2021
Share of product attributes and consumer benefits by country in North America, 2016
Leading Health & Wellness companies with market share by Confectionery markets (2016)
Leading Distribution Channels in the North America region by countries, 2016
Leading Distribution Channels in the North America region by categories, 2016

List of Figures
Year-on-year value growth analysis by region (2016-2021)
Year-on-year volume growth analysis by region (2016-2021)
Value and volume growth analysis by country (2016-2021)
Country level contribution to the growth of Chocolate Market in the North America region, 2016-2021
Country level contribution to the growth of Gum Market in the North America region, 2016-2021
Country level contribution to the growth of Sugar Confectionery Market in the North America region, 2016-2021
US Confectionery - Demographic Analysis
Canada Confectionery - Demographic Analysis
Mexico Confectionery - Demographic Analysis
Leading companies in the North American Confectionery Sector by value sales (US$ million), 2016
Leading brands (including Private label) in the North American Confectionery Sector by value sales (US$ million), 2016
Country level contribution to the growth of H&W Market in the North American region, 2016-2021
Key packaging material volume (units) share, 2016
Unit volume growth by packaging material (2011-2021)
Key container type volume (units) share, 2016
Unit volume growth by container type (2011-2021)
Key closure type volume (units) share, 2016
Unit volume growth by closure type(2011-2021)
Key outers volume (units) share, 2016
Unit volume growth by outers (2011-2021)
Note: Product cover images may vary from those shown
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  • Yildiz Holding
  • Tootsie Roll Industries
  • The Hershey Company
  • Perfetti Van Melle
  • Nestle
  • Mondelez International
  • Mars
  • Ferrero
  • Ferrara Candy Company
  • Chocoladefabriken Lindt & Sprungli
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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