North America candy market is expected to register growth in the coming year due to high disposable income, changing consumer preferences in developing and developed economies. The United States is the largest market accounting for a huge confectionery volume share. Increased demand for high sugar content related to obesity is severe distress among North American consumers. Customers are looking for healthier options, like low-calorie along with functional ingredient-based candy. Functional claim on confectionery products labels is increasing rapidly. Moreover, the outbreak of the coronavirus pandemic has affected various industries along with this market by disruption in sales and production.
According to 6Wresearch, North America Candy Market size is anticipated to register growth during 2020-2026. The North American candy market is split among multinational players accounting for the dominant share. Nestle, Hershey, Ferrero, Mars Inc., and Mondelez International are the leading players in the candy market. Companies are executing several strategies like partnerships, new product development, merger, and acquisitions to deliver innovative products and to enlarge their product portfolio to meet the growing demand.
Based on product type, the candy market is bifurcated into chocolate candy and non-chocolate candy. Further, in terms of distribution channel, the market is categorized into Supermarkets and Hypermarkets, Convenience Stores, Specialist Retailers, Online Retail, and Others. Moreover, the growing fitness trend in the region is projected to upthrust the growth of associated markets including protein bars. Moreover, the developed countries like the United States have experienced a considerable increase in the number of consumers opting for fitness and health clubs who are progressively becoming the target consumer of the market. Since protein is an important element that supports fitness progress, consumers are opting for weight management and energy products, such as protein bars, to remain fit and healthy.
North America candy market report thoroughly covers the market by product type, Distribution Channel, and key countries including the United States and Canada. North America candy market outlook report provides an unbiased and detailed analysis of the ongoing North America candy market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Candy Market is projected to witness substantial growth in the upcoming forthcoming years on the back of the rising celebration has led to an increase in the purchase for a wide range of candies which is resulting in the massive growth of the candy market in the region. Additionally, the rising product innovation with the addition of new flavors, not only attracts the children but also attracts youngsters to purchase varieties of confectionery items, as a result, it is estimated to secure tremendous growth of the North America candy market in the coming time zone.
Key Highlights of the Report:
- North America Candy Market Outlook
- North America Candy Market Overview
- North America Candy Market Forecast
- Historical Data for the period 2016-2019 and Market Forecast of North America Candy Market Revenues until 2026
- Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Product Type
- Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Distribution
- Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for the United States Candy Market
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for Canada Candy Market
- Market Drivers and Restraints
- North America Candy Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- North America Candy Market Share, By Players
- Competitive Benchmarking
Markets Covered
The report provides a detailed analysis of the following market segments:
- By Distribution:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialist Retailers
- Online Retail
- Others
- By Product Type:
- Chocolate Candy
- Non-chocolate Candy
- By Countries:
- United States
- Canada
