The U.S. confectionery market is expected to reach USD
52.6 billion by 2025, according to a new study by Grand View Research, Inc. The
market is expected to witness growth, owing to product innovation and growing
demand for US candies in international markets. Moreover, an accelerating
growth in the number of consumers switching to healthy snacks is propelling
market players to introduce innovation in their product portfolios.
Market players are constantly facing competition
from the increasing healthy snacks market as the population of health-conscious
consumers is growing each year. They are turning to fresh fruits, healthy
snacks, diet food, and cereal bars, among other snack items. However, market
players are observed introducing healthy protein bars, premium dark chocolates,
and implementing cross-brand selling within the market to strengthen their
market position.
Market players are increasingly introducing new flavors
and ingredients in their products to retain the interest of its consumers.
Moreover, decreasing cocoa prices will help the chocolate manufacturers to have
earned higher profit margin. While changing consumer consumption pattern has
promoted the introduction of new distribution such as e-commerce websites.
Thus, helping companies in expanding their reach.
Full
Research Report On U.S. Confectionery Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/us-confectionery-market
www.grandviewresearch.com/industry-analysis/us-confectionery-market
Further
key findings from the study suggest:
- Gum segment is anticipated to grow at the
highest CAGR of 7.3%, owing to the availability gums with sugar-free
content and medicinal quality that helps avoid cavity, bad breath, and
facilitates teeth whitening
- Hypermarkets & supermarkets are expected to
keep dominating the market and grow at a CAGR of 5.0% from 2017 to 2025.
This can be attributed to the larger availability of confectionery
variants at such stores.
- Key industry participants in the market include
Ferrero Group, The Hershey Company, Lindt North America, Ferrero Group,
Mars, Inc., Nestle SA, General Mills, and Barcel S.A., among others.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/consumer-goods
www.grandviewresearch.com/industry/consumer-goods
Grand View Research has segmented the U.S. confectionery market based on
types, and distribution types:
U.S.
Confectionery Type Outlook (Revenue, USD Million; 2014 - 2025)
- Chocolate
- Sugar
- Gum
U.S.
Confectionery Distribution Type Outlook (Revenue, USD Million; 2014 - 2025)
- Hypermarkets
& Supermarkets
- Convenience
Stores
- Food
& Drinks Specialists
- Drug
Stores & Pharmacies
- Others
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/us-confectionery-market-analysis
www.grandviewresearch.com/press-release/us-confectionery-market-analysis
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
No comments:
Post a Comment