Opportunities in Americas Confectionery Sector

Summary

Americas was the largest region with a value share of 31.1% in the global confectionery sector in 2019, and is forecast to record a CAGR of 1.6% over 2019-2024. Based on the relative performance of countries on multiple metrics, Canada, the US, Mexico, and Chile were shortlisted as high-potential countries, primarily due to the large confectionery sector size, projected high-value growth rates, and projected rising per capita value growth levels. The top five companies in the American confectionery sector accounting for a share of 54.1% in 2019, of which Hershey held a share of 15.5%, with presence in all sectors. It was followed by Mars, Incorporated (15.1%), Mondelez International, Inc. (11.9%), Nestle SA (5.9%), and Ferrero (5.8%). Private labels held a 2.2% value share of overall sales in 2019. In the Americas region, confectionery with health & wellness attributes accounted for 17.6% of the overall value sales in 2019, higher than the global share of 16.3% in the same year. Hypermarkets & supermarkets was the largest distribution channel in the Americas confectionery sector, accounting for 37.9% of overall value sales in 2019. Flexible packaging was the most commonly used pack material in the Americas confectionery sector with a 79.8% market share in 2019.

This report brings together multiple data sources to provide a comprehensive overview of the Americas confectionery sector. It includes market overview, high growth country analysis, top companies, key distribution channels, packaging formats and case studies.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the Americas confectionery sector, analyzing data from 21 countries in the region. It includes analysis on the following -

• Sector overview: provides an overview of the sector size, value, and volume growth analysis across regions.
• High-potential countries: provides risk-reward analysis of the top four high-potential countries in the Americas region based on market assessment, economic development, socio-demographics and governance indicators, and technological infrastructure.
• Country analysis: provides deep-dive analysis of four high-potential countries covering value growth during 2018-2023, 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.
• Company analysis: provides an overview of leading companies in the Americas region, as well as analyzing the growth of private labels in the region.

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 companies in the sector in the region with information about their market share and growth rates