North America Confectionery Market

North America Confectionery Market Size, Share, Growth (2022-2027)

North America Confectionery market size was around USD 61.37 billion in 2022 It is expected to grow at a CAGR of 3.4% to reach USD 72.54 billion by 2027

North America Confectionery Market Overview:

Confectionery market comprises array of food products such as chocolates, raw pastes, and various sugar-based products. In addition, it includes therapeutic and dietetic confectioneries that differ in formulations from traditional confections. The preferred type of confectioneries often differs according to the geographical regions due to differences in regulatory norms and other factors such as economy and taste & preference of customers. The introduction of odour sensations, a combination of liquid & solid flavors, and energy boosts in confectionery products drive the growth and development of the confectionery market worldwide. Wide range of confectionery products are vended through various retail channels such as hypermarkets, supermarkets, convenience stores, discounters, forecourt retailers, and grocery stores. These stores act as North America marketing tool, assisting in building an impressive brand image and raise brand exposure of wide variety of products.Sugar is the key ingredient responsible for prevalence of obesity and diabetes making this the primary restraint of this market. Primary raw materials used in confectionery production are sugar and cocoa. Cocoa prices are unstable and can be affected by a series of factors, like political instability, extreme weather, and pests & disease. Additionally, increase in supply demand gap in chocolate industry has increased the prices of cocoa beans. Sugar prices grew owing to less production and more demand.

North America Confectionery Market Segmentation:

By type 

• Sugar

• Chocolate

• Fine Bakery Wares

Sugar is further sub-segmented into Hard-boiled sweets, Caramels & Toffees, Gums & Jellies, Medicated Confectionary, Mints, and others. Chocolate is further sub-segmented into White, Milk and Dark.

North America Confectionery Market Regional Analysis

• US

• Canada

North America Confectionery Market Key Players:

1. Delfi Limited (Singapore)

2. Ezaki Glico Co., Ltd. (Japan)

3. Ferrero SpA (Italy)

4. Lindt & Sprüngli AG (Switzerland)

5. Lotte Confectionery Co. Ltd. (South Korea)

6. Mars, Incorporated (U.S.)

7. Mondelez International, Inc. (U.S.)

8. Nestlé S.A. (Switzerland)

9. The Hershey Company (U.S.)

10. Wm. Wrigley Jr. Company (U.S.)