The confectionery market share in the US will post an incremental growth of USD 8.35 billion, progressing at a CAGR of 4.12% during the forecast period. The seasonal demand for confectioneries will offer immense growth opportunities to market vendors. The confectionery market in the US is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Confectionery Market in the US by Product and Distribution Channel - Forecast and Analysis 2022-2026” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The confectionery market in the US is segmented by distribution channels (offline and online) and products (chocolate confectionery, sugar confectionery, and gum confectionery).
The growth of the confectionery market size in the US in offline segment will be significant during the forecast period. The growth of the segment is driven by the consumer inclination toward splurging on luxury gourmet chocolates
The seasonal demand for confectioneries will directly influence the sales of confectionery in the US. In addition, the rising demand for organic chocolate is one of the major confectionery market trends in the US that will positively impact the market growth. However, factors such as stringent rules and regulations will hamper the confectionery market growth in the US .
The market is fragmented due to the presence of several players. Some of the major confectionery market vendors in the US are American Licorice Co., Anthony Thomas Candy Co., Ashers Chocolate Co., Candyrific, Corporativo Bimbo SA de CV, Elmer Chocolate, Ferrero International, Ford Gum Inc., GEORGIA NUT CO. Inc., Hormel Foods Corp., Jelly Belly, Lindt and Sprungli AG, Mars Inc., Mondelez International Inc., Nestle SA, The Hershey Co., The Kraft Heinz Co., The Madelaine Chocolate Co., Tootsie Roll Industries Inc., and Zachary Confections, Inc
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2022-2026.
CAGR of the confectionery market in the US forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the confectionery market share in the US.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the confectionery market in the US.
Confectionery industry growth across the US.
