PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449266
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449266
North America Sugar Confectionery Market Share, Size, Trends, Industry Analysis Report, By Type (Hard-Boiled Sweets, Gums & Jellies, Caramels & Toffees, Medicated Confectionery, Others); Distribution Channel; Country; Segment Forecast, 2024 - 2032
The North America sugar confectionery market size is expected to reach USD 41.44 Billion by 2032, according to a new study by Polaris Market Research. The report "North America Sugar Confectionery Market Share, Size, Trends, Industry Analysis Report, By Type (Hard-Boiled Sweets, Gums & Jellies, Caramels & Toffees, Medicated Confectionery, Others); By Distribution Channel; By Country; Segment Forecast, 2024- 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The North American sugar confectionery industry is a vast and diverse sector that encompasses a wide range of products such as gummies, caramels, toffees, jellies, and other sweets. Despite experiencing steady growth, the industry still commands a significant revenue share in the global market, primarily driven by the growing demand for confectionery products among consumers. The market growth is primarily fueled by the increasing popularity of premium and gourmet candies, with consumers willing to pay a premium for high-quality, unique, and handmade sweets that offer distinct flavors and textures.
The market has seen an increase in small and medium-sized players who offer specialty candies made with natural ingredients and unique flavor combinations. However, the industry's growth is at risk due to the increasing awareness of the harmful health effects related to excessive sugar consumption. As a result, governments and health organizations have been advocating for a reduction in sugar intake. This has resulted in a decrease in demand for some types of sugary candies.
There has been a growing trend towards gifting sweets and chocolates during holidays, festivals, and other celebratory occasions. This is because sugary treats are often associated with warmth, joy, and happiness, making them ideal gift items for expressing good wishes and spreading cheer. Companies in the industry concentrate on innovation, brand expansion, and strategic collaborations to retain their market position and stimulate growth. They allocate substantial resources to research and development to introduce fresh flavors, layouts, and packaging alternatives that cater to evolving consumer preferences.
North America Sugar Confectionery Market Report Highlights
In the year 2023, the market witnessed a significant impact on the growing popularity of hard-boiled sweets. The popularity of hard-boiled sweets was primarily driven by children and young adults who were fascinated by their sweet taste and playful texture. Consequently, hard-boiled sweets secured a substantial share of the sugar confectionery market in North America.
In 2023, the North American sugar confectionery market was primarily dominated by offline stores as the preferred distribution channel. This indicates that consumers in the region still exhibit a stronger inclination towards in-store purchases of sweets and candies rather than relying on online platforms.
In 2023, the North American market was dominated by the United States, primarily driven by the country's large and diverse population. This population creates a substantial demand for sugary snacks and treats, which further strengthens the United States' revenue share in this market.
The key market players include Ferrara Candy, Ferrero, Haribo, Hershey, Jelly Belly, Mars Wrigley Confectionery, Nestle SA, Russell Stover, Sugarfina, The Kraft Foods Inc., Trader Joe's, etc.
Polaris Market Research has segmented the North American sugar confectionery market report based on type, distribution channel, and country:
North America Sugar Confectionery, Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Hard-Boiled Sweets
- Gums & Jellies
- Caramels & Toffees
- Medicated Confectionery
- Others
North America Sugar Confectionery, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)
- Offline Stores
- Online Platforms
North America Sugar Confectionery, Country Outlook (Revenue - USD Billion, 2019 - 2032)
- U.S.
- Canada
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. North America Sugar Confectionery Market Insights
- 4.1. North America Sugar Confectionery Market - Industry Snapshot
- 4.2. North America Sugar Confectionery Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing trend of gifting confectionery on the occasion of traditional events
- 4.2.1.2. The increasing popularity of premium and gourmet candies drives market growth
- 4.2.2. Restraints and Challenges
- 4.2.2.1. The growing concerns regarding the negative health effects associated with excessive sugar consumption
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. North America Sugar Confectionery Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. North America Sugar Confectionery Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. North America Sugar Confectionery, by Type, 2018-2030 (USD Billion)
- 5.3. Hard-Boiled Sweets
- 5.3.1. North America Sugar Confectionery Market, by Hard-Boiled Sweets, 2018-2030 (USD Billion)
- 5.4. Gums & Jellies
- 5.4.1. North America Sugar Confectionery Market, by Gums & Jellies, 2018-2030 (USD Billion)
- 5.5. Caramels & Toffees
- 5.5.1. North America Sugar Confectionery Market, by Caramels & Toffees, 2018-2030 (USD Billion)
- 5.6. Medicated Confectionery
- 5.6.1. North America Sugar Confectionery Market, by Medicated Confectionery, 2018-2030 (USD Billion)
- 5.7. Others
- 5.7.1. North America Sugar Confectionery Market, by Others, 2018-2030 (USD Billion)
6. North America Sugar Confectionery Market, by Distribution Channel
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. North America Sugar Confectionery Market, by Distribution Channel, 2018-2030 (USD Billion)
- 6.3. Offline Stores
- 6.3.1. North America Sugar Confectionery Market, by Offline Stores, 2018-2030 (USD Billion)
- 6.4. Online Platforms
- 6.4.1. North America Sugar Confectionery Market, by Online Platforms, 2018-2030 (USD Billion)
7. North America Sugar Confectionery Market, by Countries
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. North America Sugar Confectionery Market Assessment, By Countries, 2018-2030 (USD Billion)
- 7.2.2. North America Sugar Confectionery Market - U.S
- 7.2.2.1. U.S: North America Sugar Confectionery Market, by Type, 2018-2030 (USD Billion)
- 7.2.2.2. U.S: North America Sugar Confectionery Market, by Distribution Channel, 2018-2030 (USD Billion)
- 7.2.3. North America Sugar Confectionery Market - Canada
- 7.2.3.1. Canada.: North America Sugar Confectionery Market, by Type, 2018-2030 (USD Billion)
- 7.2.3.2. Canada.: North America Sugar Confectionery Market, by Distribution Channel, 2018-2030 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Ferrara Candy
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Type Benchmarking
- 9.1.4. Recent Development
- 9.2. Ferrero
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Type Benchmarking
- 9.2.4. Recent Development
- 9.3. Haribo
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Type Benchmarking
- 9.3.4. Recent Development
- 9.4. Hershey
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Type Benchmarking
- 9.4.4. Recent Development
- 9.5. Jelly Belly
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Type Benchmarking
- 9.5.4. Recent Development
- 9.6. Mars Wrigley Confectionery
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Type Benchmarking
- 9.6.4. Recent Development
- 9.7. Nestle SA
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Type Benchmarking
- 9.7.4. Recent Development
- 9.8. Russell Stover
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Type Benchmarking
- 9.8.4. Recent Development
- 9.9. Sugarfina
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Type Benchmarking
- 9.9.4. Recent Development
- 9.10. The Kraft Foods Inc.
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Type Benchmarking
- 9.10.4. Recent Development
- 9.11. Trader Joe's
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Type Benchmarking
- 9.11.4. Recent Development
List of Tables
- Table 1 North America Sugar Confectionery Market, by Type, 2018-2030 (USD Billion)
- Table 2 North America Sugar Confectionery Market, by Distribution Channel, 2018-2030 (USD Billion)
- Table 3 North America Sugar Confectionery Market Assessment, By Countries, 2018-2030 (USD Billion)
- Table 4 U.S: North America Sugar Confectionery Market, by Type, 2018-2030 (USD Billion)
- Table 5 U.S: North America Sugar Confectionery Market, by Distribution Channel, 2018-2030 (USD Billion)
- Table 6 Canada.: North America Sugar Confectionery Market, by Type, 2018-2030 (USD Billion)
- Table 7 Canada.: North America Sugar Confectionery Market, by Distribution Channel, 2018-2030 (USD Billion)
List of Figures
- Figure 1 North America Sugar Confectionery Market, 2018-2030 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Countries
- Figure 5 Porter's Five Forces
- Figure 6 Market by Type
- Figure 7 North America Sugar Confectionery Market, by Type, 2021 & 2030 (USD Billion)
- Figure 8 Market by Distribution Channel
- Figure 9 North America Sugar Confectionery Market, by Distribution Channel, 2021 & 2030 (USD Billion)
- Figure 10 North America Sugar Confectionery Market Assessment, By Countries, 2018-2030 (USD Billion)
- Figure 11 Strategic Analysis - North America Sugar Confectionery Market
