The import of sugar confectionery to the US is projected to increase steadily from 2024 to 2028, with values rising from approximately $2.26 billion to $2.44 billion. YoY percentage increases from 2024 onward highlight moderate growth, reflecting consistent demand. As of 2023, the actual import stood slightly below the $2.26 billion forecasted for 2024, indicating a positive trend entering 2024. Over the five-year forecast period, these figures suggest a stable CAGR, driven by underlying market dynamics such as consumer preferences and potential global production shifts.
Future trends to watch include:
- Shifts in consumer tastes towards healthier confectionery options, potentially impacting import types.
- Global supply chain developments affecting candy production and export capacity.
- Potential trade policy changes influencing import tariffs and trade agreements.