North America Confectionery Market Size, Share & Industry Trends Analysis Report By Distribution Channel (Offline, and Online), By Product Type, By Country and Growth Forecast, 2023 - 2030
The North America Confectionery Market would witness market growth of 4.4% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 9,317.5 Kilo Tonnes, showcasing a growth of 4.8% (2019-2022).
Chocolates, caramels, candies, toffees, biscuits, lollipops, and numerous other sweet foods are some of the most famous confectioneries. One of the fastest-growing sectors is the candy business. The market is driven by people's increasing desire for high-end, gourmet chocolates and gum. As consumers get richer, they spend a lot of money on extra things to satisfy their requirements. This helps the overall growth of the candy sector because more people in developed countries are buying dark premium chocolate.
People's tastes, habits, and interests are constantly changing. This has led to new ideas in the candy business. Companies are making more products by adding valuable components, organic herbal fillings, tropical fruit, and nut-based and exotic Flavors to keep up with changing customer tastes. In the past few years, the market has also grown due to the trend of giving sweets as gifts, like cookies, candies, bakery goods, and more. Confectionery goods are often bought on the spur of the moment, so brands constantly develop new, exciting ways to get people's attention. The demand for sweets has been driven by all these causes working together.
Among confectioneries, candies are among the most popular products among youth and kids across America. Thus, key players operating in the industry are continuously offering unique and innovative products to the target customers. Additionally, Canada has an enormous number of sweets made with chocolate. Canada is one of the biggest chocolate eaters in the world. Canadians eat 160 chocolate bars annually, which is 6.4 kg. This makes Canada the ninth-biggest chocolate user globally, one kg more than the United States. These factors will drive the expansion of the market.
The US market dominated the North America Confectionery Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $66,451.7 million by 2030. The Canada market is experiencing a CAGR of 6.7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.8% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Product Type, the market is segmented into Chocolate (Milk, Dark, and White) Mints, Medicated Confectionery, Hard-boiled Sweets, Gums & Jellies, Caramels & Toffees, Fine Bakery Wares, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mars, Inc., Nestle S.A, Mondelez International, Inc., Ferrero Group, Lindt & Sprungli AG, The Hershey Company (Hershey Trust Company), Meiji Holdings Co., Ltd., Lotte Corporation, Delfi Limited and Ezaki Glico Co., Ltd
Scope of the Study
Market Segments covered in the Report:
By Distribution Channel (Volume, Kilo Tonnes, Revenue, USD Billion/Million, 2019-30)
- Offline
- Online
- Chocolate
- Milk
- Dark
- White
- Mints
- Medicated Confectionery
- Hard-boiled Sweets
- Gums & Jellies
- Caramels & Toffees
- Fine Bakery Wares
- Others
- US
- Canada
- Mexico
- Rest of North America
- Mars, Inc.
- Nestle S.A
- Mondelez International, Inc.
- Ferrero Group
- Lindt & Sprungli AG
- The Hershey Company (Hershey Trust Company)
- Meiji Holdings Co., Ltd.
- Lotte Corporation
- Delfi Limited
- Ezaki Glico Co., Ltd
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Confectionery Market, by Distribution Channel
- 1.4.2 North America Confectionery Market, by Product Type
- 1.4.3 North America Confectionery Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market At a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Jan – 2023, Aug) Leading Players
- 4.4 Porter’s Five Force Analysis
- Chapter 5. North America Confectionery Market, by Distribution Channel
- 5.1 North America Offline Market, by Country
- 5.2 North America Online Market, by Country
- Chapter 6. North America Confectionery Market, by Product Type
- 6.1 North America Chocolate Market, by Country
- 6.2 North America Confectionery Market, by Chocolate Type
- 6.2.1 North America Milk Market, by Country
- 6.2.2 North America Dark Market, by Country
- 6.2.3 North America White Market, by Country
- 6.3 North America Mints Market, by Country
- 6.4 North America Medicated Confectionery Market, by Country
- 6.5 North America Hard-boiled Sweets Market, by Country
- 6.6 North America Gums & Jellies Market, by Country
- 6.7 North America Caramels & Toffees Market, by Country
- 6.8 North America Fine Bakery Wares Market, by Country
- 6.9 North America Others Market, by Country
- Chapter 7. North America Confectionery Market, by Country
- 7.1 US Confectionery Market
- 7.1.1 US Confectionery Market, by Distribution Channel
- 7.1.2 US Confectionery Market, by Product Type
- 7.1.2.1 US Confectionery Market, by Chocolate Type
- 7.2 Canada Confectionery Market
- 7.2.1 Canada Confectionery Market, by Distribution Channel
- 7.2.2 Canada Confectionery Market, by Product Type
- 7.2.2.1 Canada Confectionery Market, by Chocolate Type
- 7.3 Mexico Confectionery Market
- 7.3.1 Mexico Confectionery Market, by Distribution Channel
- 7.3.2 Mexico Confectionery Market, by Product Type
- 7.3.2.1 Mexico Confectionery Market, by Chocolate Type
- 7.4 Rest of North America Confectionery Market
- 7.4.1 Rest of North America Confectionery Market, by Distribution Channel
- 7.4.2 Rest of North America Confectionery Market, by Product Type
- 7.4.2.1 Rest of North America Confectionery Market, by Chocolate Type
- Chapter 8. Company Profiles
- 8.1 Mars, Inc.
- 8.1.1 Company Overview
- 8.1.2 Recent strategies and developments:
- 8.1.2.1 Partnerships, Collaborations, and Agreements:
- 8.1.2.2 Acquisition and Mergers:
- 8.1.3 SWOT Analysis
- 8.2 Nestle S.A
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expenses
- 8.2.5 Recent strategies and developments:
- 8.2.5.1 Product Launches and Product Expansions:
- 8.2.6 SWOT Analysis
- 8.3 Mondelez International, Inc.
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Regional Analysis
- 8.3.4 Recent strategies and developments:
- 8.3.4.1 Product Launches and Product Expansions:
- 8.3.4.2 Acquisition and Mergers:
- 8.3.5 SWOT Analysis
- 8.4 Ferrero Group
- 8.4.1 Company Overview
- 8.4.2 Recent strategies and developments:
- 8.4.2.1 Product Launches and Product Expansions:
- 8.4.3 SWOT Analysis
- 8.5 Lindt & Sprungli AG
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental Analysis
- 8.5.4 Research & Development Expenses
- 8.5.5 Recent strategies and developments:
- 8.5.5.1 Product Launches and Product Expansions:
- 8.5.5.2 Acquisition and Mergers:
- 8.5.6 SWOT Analysis
- 8.6 The Hershey Company (Hershey Trust Company)
- 8.6.1 Company overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Recent strategies and developments:
- 8.6.4.1 Partnerships, Collaborations, and Agreements:
- 8.6.4.2 Product Launches and Product Expansions:
- 8.6.4.3 Acquisition and Mergers:
- 8.6.5 SWOT Analysis
- 8.7 Meiji Holdings Co., Ltd.
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental Analysis
- 8.7.4 Research & Development Expense
- 8.7.5 Recent strategies and developments:
- 8.7.5.1 Product Launches and Product Expansions:
- 8.7.6 SWOT Analysis
- 8.8 Lotte Corporation
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental Analysis
- 8.8.4 Research & Development Expenses
- 8.8.5 Recent strategies and developments:
- 8.8.5.1 Partnerships, Collaborations, and Agreements:
- 8.8.5.2 Product Launches and Product Expansions:
- 8.8.6 SWOT Analysis
- 8.9 Delfi Limited
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Regional Analysis
- 8.9.4 SWOT Analysis
- 8.10. Ezaki Glico Co., Ltd.
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 Research & Development Expenses
- 8.10.5 SWOT Analysis
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