North America Sugar Confectionery Market Outlook, 2029

North America's Sugar Confectionery market is projected to grow at a 3.46% CAGR until 2029, appealing to all age groups globally with its sweet taste.

Featured Companies

  • 1. Lindt & Sprungli Group
  • 2. Lotte Confectionery Co., Limited
  • 3. Mars Incorporated
  • 4. Meiji Holdings Co., Limited
  • 5. Nestle SA
  • 6. Ferrero SPA
  • More...

The North American confectionery market is segmented into hard-boiled sweets, plain mints, caramel/taffy, chewy, novelty, liquorice, sugar-free and other types like nuts, coconut, marshmallows, fudges, medicated lozenges, among others. The distribution channel is segmented into supermarkets and hypermarkets, convenience stores, pharmaceutical and drug stores, e-commerce retailers, and others. It is divided into three age groups: children (1-20 years), adults (20-55 years), and geriatric (55 years and older).The region has undergone a series of changes with regard to changes in dynamics, consumption trends, socio-economic factors, and other cultural influences. The inclination towards being a sweet tooth is something that will never end, which is to be the driving force of the market.

According to the research report, "North America Sugar Confectionery Market Outlook, 2029," by Bonafide Research, it is projected to grow at a CAGR of 3.46% over the forecast period ending in 2029. As the name suggests, this sweet-tasting sugar candy is loved by all age groups across the globe. The market has been growing at a steady pace on account of the high demand from middle-class consumers. The growing high-income class, along with a solid growth in GDP in the US, will also aid the North American confectionery market. The rise in disposable incomes is leading to an increase in the consumption of premium confectionery products. The increasing demand for premium as well as healthy products is leading to the growth of confectionery products containing organic ingredients.

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In terms of product type, the market is highly inclined towards chewy confectionery, which resulted in 33.76% of the regional market share in the year 2023. However, rising health consciousness and obesity rates in the region have posed an open threat to the industry. To cater to this issue, the marketers have now introduced the sugar-free confectionery segment, which through the forecasted period is likely to be growing at an anticipated CAGR of 6.64%. Even though the sugar-free confectioneries can be termed as expensive in comparison to the regular variants, the segment is expected to flourish given the fact that the consumers in the region don’t mind paying extra for a quality product that satisfies their requirements. By sales channel, the convenience store segment clearly dominates the market; accounting for more than 36% of the market by the end of 2029.The market is also aided by the growing high-income class, which won’t mind spending extra on premium quality and attractive packing. The rise in income in the smaller economies of the region is also a boosting factor in the coming period. Apart from this, the exchange of premium confectionery as a gift has increased in the region. Through the forecasted period, the pharmacy stores as well as the e-commerce sites will show considerable growth in market share. Sugar confectionery has also now found a prominent place in the chocolate trade and fairs, which has also resulted in an increase in consumer awareness.

The North American sugar confectionery market is dominated by the adult age group segment, while the same is expected to be the fastest-growing segment in the studied period too. While the adult age group segment is to lead the major markets, it’s only Canada that stands out. In Canada, the children's age group segment dominates the market, which in the year 2023 was valued at USD 0.27 billion. The major factors behind this are the high proportion of the under-20 age group and a higher fertility rate. In the region, it is the US sugar confectionery market which contributes to the highest of nearly 81% in the year 2023. The major reason for this dominance is the presence of approximately 1,000 companies in the country. Yet, on the other hand, the government regulations in regards to the sugar tax are the main market restraints. Despite a large number of manufacturers in the region, The Hershey Company and Mars Incorporated are the most popular and dominating players. The leading companies are focusing on improving their global position by enhancing their product lines and through mergers and acquisitions. Understanding the changes in lifestyles, companies are now innovating and introducing new products to cater to the customers' growing needs.

Companies Mentioned:
Mars Wrigley Confectionery, div. of Mars Inc., Ferrero Group, Haribo GmbH & Co. K.G., Perfetti Van Melle, Meiji Co. Ltd., Nestle SA, Hershey Co., Lotte Confectionery Co Ltd, Mondelez International, Lindt & Sprungli AG

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Manmayi Raval

Manmayi Raval

Research Consultant



Considered in this report
Geography: North America
Base year: 2023
Estimated year: 2024
Forecast year: 2029

Aspects Covered in the report:
• North America Market Size By Value for the time period (2015-2026F)
• Country Wise Market Size By Value for the time period (2015-2026F)
• Market Share by Product Type (Hard Boiled Sweets, Plain Mints, Caramel/ Toffee, Chewy, Novelty, Licorice, Sugar-free, Others) By Value
• Market Share by Age Group (Children(1-20 Age), Adult (20-55) & Geriatric(55 and above)) By Value
• Market Share by Sales Channel (Supermarket/Hypermarket, Convenience Stores, Pharmaceutical & Drug Stores, E-commerce & Others) By Value

Countries covered in the report:
United States
Canada
Mexico

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Manmayi Raval


The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to sugar confectionery industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

FAQ
1. What was the North America sugar confectionery market size in 2020?
2. What are the major drivers for North America sugar confectionery market?
3. What are the industry trends of the North America sugar confectionery market?
4. What is the major regional market of North America sugar Confectionery?
5. Who are the key sugar confectionery players in North America?

Answers
1. North America sugar confectionery market size in 2020 was USD 13.67 Billion.
2. The major drivers of the industry include rising population, increased product variety, and the expanding distribution channels and rise in disposable incomes.
3. The growing high-income class along with a solid growth in GDP in the US is expected to be a key trend guiding the growth of the industry.
4. United States is the leading sugar confectionery market in North America region.
5. Mars Wrigley Confectionery, div. of Mars Inc., Ferrero Group, Haribo GmbH & Co. K.G., Perfetti Van Melle, Meiji Co. Ltd., Nestle SA, Hershey Co., Lotte Confectionery Co Ltd, Mondelez International, Lindt & Sprungli AG

Companies Mentioned

  • Lindt & Sprungli Group
  • Lotte Confectionery Co., Limited
  • Mars Incorporated
  • Meiji Holdings Co., Limited
  • Nestle SA
  • Ferrero SPA
  • Mondelez International
  • Hershey Company
  • Haribo GmbH & Co. K.G.
  • Perfetti Van Melle

Table of Contents

  • 1. Executive Summary
  • 2. Market Dynamics
  • 2.1. Market Drivers & Opportunities
  • 2.2. Market Restraints & Challenges
  • 2.3. Market Trends
  • 2.3.1. XXXX
  • 2.3.2. XXXX
  • 2.3.3. XXXX
  • 2.3.4. XXXX
  • 2.3.5. XXXX
  • 2.4. Covid-19 Effect
  • 2.5. Supply chain Analysis
  • 2.6. Policy & Regulatory Framework
  • 2.7. Industry Experts Views
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. Market Structure
  • 4.1. Market Considerate
  • 4.2. Assumptions
  • 4.3. Limitations
  • 4.4. Abbreviations
  • 4.5. Sources
  • 4.6. Definitions
  • 5. Economic /Demographic Snapshot
  • 6. Global Sugar Confectionary Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share By Region
  • 6.3. Market Size and Forecast, By Geography
  • 6.4. Market Size and Forecast, By Product Type
  • 6.5. Market Size and Forecast, By Age Group
  • 6.6. Market Size and Forecast, By Sales Channel
  • 7. North America Sugar Confectionary Market Outlook
  • 7.1. Market Size By Value
  • 7.2. Market Share By Country
  • 7.3. Market Size and Forecast, By Product Type
  • 7.4. Market Size and Forecast, By Age Group
  • 7.5. Market Size and Forecast, By Sales Channel
  • 7.6. United States Sugar Confectionary Market Outlook
  • 7.6.1. Market Size By Value
  • 7.6.2. Market Size and Forecast By Product Type
  • 7.6.3. Market Size and Forecast By Age Group
  • 7.6.4. Market Size and Forecast By Sales Channel
  • 7.7. Canada Sugar Confectionary Market Outlook
  • 7.7.1. Market Size By Value
  • 7.7.2. Market Size and Forecast By Product Type
  • 7.7.3. Market Size and Forecast By Age Group
  • 7.7.4. Market Size and Forecast By Sales Channel
  • 7.8. Mexico Sugar Confectionary Market Outlook
  • 7.8.1. Market Size By Value
  • 7.8.2. Market Size and Forecast By Product Type
  • 7.8.3. Market Size and Forecast By Age Group
  • 7.8.4. Market Size and Forecast By Sales Channel
  • 8. Competitive Landscape
  • 8.1. Competitive Dashboard
  • 8.2. Business Strategies Adopted by Key Players
  • 8.3. Key Players Market Share Insights and Analysis, 2022
  • 8.4. Key Players Market Positioning Matrix
  • 8.5. Porter's Five Forces
  • 8.6. Company Profile
  • 8.6.1. Ferrero Group
  • 8.6.1.1. Company Snapshot
  • 8.6.1.2. Company Overview
  • 8.6.1.3. Financial Highlights
  • 8.6.1.4. Geographic Insights
  • 8.6.1.5. Business Segment & Performance
  • 8.6.1.6. Product Portfolio
  • 8.6.1.7. Key Executives
  • 8.6.1.8. Strategic Moves & Developments
  • 8.6.2. Haribo GmbH & Co. K.G.
  • 8.6.3. Lindt & Sprungli AG
  • 8.6.4. Lotte Confectionery
  • 8.6.5. Mars Wrignery
  • 8.6.6. Meiji Holdings Co. Ltd
  • 8.6.7. Mondelez International
  • 8.6.8. Nestle S.A
  • 8.6.9. Perfetti Van Melle
  • 8.6.10. The Hershey Company
  • 9. Strategic Recommendations
  • 10. Annexure
  • 10.1. FAQ`s
  • 10.2. Notes
  • 10.3. Related Reports
  • 11. Disclaimer

Table 1: Global Sugar Confectionary Market Snapshot, By Segmentation (2023 & 2029) (in USD Billion)
Table 2: Influencing Factors for Sugar Confectionary Market, 2023
Table 3: Top 10 Counties Economic Snapshot 2022
Table 4: Economic Snapshot of Other Prominent Countries 2022
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Sugar Confectionary Market Size and Forecast, By Geography (2018 to 2029F) (In USD Billion)
Table 7: Global Sugar Confectionary Market Size and Forecast, By Product Type (2018 to 2029F) (In USD Billion)
Table 8: Global Sugar Confectionary Market Size and Forecast, By Age Group (2018 to 2029F) (In USD Billion)
Table 9: Global Sugar Confectionary Market Size and Forecast, By Sales Channel (2018 to 2029F) (In USD Billion)
Table 10: North America Sugar Confectionary Market Size and Forecast, By Product Type (2018 to 2029F) (In USD Billion)
Table 11: North America Sugar Confectionary Market Size and Forecast, By Age Group (2018 to 2029F) (In USD Billion)
Table 12: North America Sugar Confectionary Market Size and Forecast, By Sales Channel (2018 to 2029F) (In USD Billion)
Table 13: United States Sugar Confectionary Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 14: United States Sugar Confectionary Market Size and Forecast By Age Group (2018 to 2029F) (In USD Billion)
Table 15: United States Sugar Confectionary Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 16: Canada Sugar Confectionary Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 17: Canada Sugar Confectionary Market Size and Forecast By Age Group (2018 to 2029F) (In USD Billion)
Table 18: Canada Sugar Confectionary Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 19: Mexico Sugar Confectionary Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 20: Mexico Sugar Confectionary Market Size and Forecast By Age Group (2018 to 2029F) (In USD Billion)
Table 21: Mexico Sugar Confectionary Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)

Figure 1: Global Sugar Confectionary Market Size (USD Billion) By Region, 2023 & 2029
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Sugar Confectionary Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Sugar Confectionary Market Share By Region (2023)
Figure 6: North America Sugar Confectionary Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: North America Sugar Confectionary Market Share By Country (2023)
Figure 8: US Sugar Confectionary Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Canada Sugar Confectionary Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: Mexico Sugar Confectionary Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Competitive Dashboard of top 5 players, 2023
Figure 12: Market Share insights of key players, 2023
Figure 13: Porter's Five Forces of Global Sugar Confectionary Market

Sugar Confectionary Market Market Research FAQs

North America sugar confectionery market size in 2020 was USD 13.67 Billion.

The major drivers of the industry include rising population, increased product variety, and the expanding distribution channels and rise in disposable incomes.

The growing high-income class along with a solid growth in GDP in the US is expected to be a key trend guiding the growth of the industry.

United States is the leading sugar confectionery market in North America region.

Mars Wrigley Confectionery, div. of Mars Inc., Ferrero Group, Haribo GmbH & Co. K.G., Perfetti Van Melle, Meiji Co. Ltd., Nestle SA, Hershey Co., Lotte Confectionery Co Ltd, Mondelez International, Lindt & Sprungli AG
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North America Sugar Confectionery Market Outlook, 2029

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