North America Chocolate Flavoured Candy Market

North America Chocolate Flavoured Candy Market Size Analysis:

Candy is the sugar confectionery food that consists of any sweet confection that encompasses in any form like chocolate, chewing gum and sugar candy. It has sugar as primary ingredient with fruits and vegetables are glazed and coated with sugar. Candies can be eaten normally, served in a dessert course at the end of meal or as a snack between meals that depends on each culture. Candies are made in smaller pieces unlike a cake or bread that includes hard candies, soft candies, marshmallows, caramels, taffy, and other candies.

North America Chocolate Flavoured Candy Market was worth USD xx billion in 2020 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2026.

In all the flavours, chocolate became one of the most popular flavours in the world and a vast number of confectionary food involving chocolate have been created, particularly sweets including candies, cakes, pudding, mousse, chocolate brownies, and chocolate chip cookies. Chocolate candies are sometimes treat as special branch of confectionary food that includes chocolate candy bars and chocolate truffles. Hot chocolate and other cocoa-based candies are from white chocolate flavour which became most popular food in the western countries. It is not a significant source of nutrition due to the presence of high concentration of sugars.

Factors like demand for the confectionary food, gaining people attention with rich taste, increase in the demand for the dark chocolate flavour, longer shelf-life compared to other food, rise in disposable income, changing lifestyles, growing urbanization, product innovations in the confectionary food and rise in population are driving the North America Chocolate Flavoured Candy Market. However, factors like low nutrition content and rising prevalence of obesity and diabetes are hampering the growth of the market.

North America Chocolate Flavoured Candy Market Segmentation Analysis:

North America Chocolate Flavoured Candy Market is segmented into product type, application and region. Based on the product type, the market is segmented into cane flavoured white chocolate candy and twists chocolate flavoured licorice candy. On the basis of application, the market is segmented into convenience stores, coffeehouses, restaurants, personal use, supermarkets and others. The North America market has been geographically segmented into US and Canada. In 2017, North America is projected to have largest share in terms of revenue owing to the high demand for the confectionary food and high investments in the food industry by government organizations and the private companies.

North America Chocolate Flavoured Candy Market Key Players Profiled:

Major companies in the North America Chocolate Flavoured Candy Market are Hershey's, Natural Food Works Group, LLC, Natural Food Works Group, LLC, Carmit Candy Industries, August Storck KG, Colombina S.A., Lowell International Polska, Tootsie Roll, Florestal Foods and Tora Foods.