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Review of the Confectionery Product Market in the United States

  • December 2014
  • 27 pages
  • Frost & Sullivan
Report ID: 2587100

Summary

Table of Contents

Chocolate Confectionery to Drive Market Growth

Manufacturers’ use of healthier ingredients and easier access to emerging economies will have an effect on growth of the confectionery market in the United States. This research service analyzes key industry challenges and success factors, market drivers and restraints, and market size and forecast. It divides the market into three segments: chocolate, sugar, and gum confectioneries. The study examines ingredient trends and provides a competitive landscape including profiles of the top 3 competitors. The base year is 2013; the forecast period is from 2014 to 2020.

Introduction

Market Overview
- The United States is the world’s largest confectionery retail market, and the second largest confectionery exporter (behind only the European Union).
- The US confectionery product market generated revenue of $ billion in 2013; it is expected to reach $ billion in 2020, at a compound annual growth rate (CAGR) of %.
- The chocolate confectionery segment has consistently been the highest performer, accounting for % of total market revenue in 2013; its share is expected to increase to % in 2020.
- Unlike chocolate and sugar confectionery segments, the gums segment is expected to experience a negative CAGR from 2013 to 2020.

Definition and Segmentation
- The study focuses on the US confectionery product market. The base year is 2013 and the forecast period is from 2014 to 2020.
- Market size is calculated based on total market revenue.
- The market is segmented into chocolate confectionery, sugar confectionery, and gums.
- All monetary values are expressed in US dollars.

Key Industry Challenges
- Confectioneries are generally related to tooth decay, obesity, diabetes, and other diseases due to their composition of ingredients, including sugar, flavorings, colorings,
and sweeteners. They have an unhealthy image among consumers.
- Government discussions about regulating, restricting advertising, and prohibiting the sale of these products in schools could restrain market growth. Review of the Confectionery Product Market in the United States.

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ref:plp2014

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