Market Research Logo

Opportunities in the North American Confectionery Sector: Analysis of Opportunities Offered by Countries in the Region

Opportunities in the North American Confectionery Sector: Analysis of Opportunities Offered by Countries in the Region

Summary

Global Confectionery sector was valued at US$156,358.4 Million in 2016 and is forecast to record a CAGR of 4.6% during 2016-2021 to reach US$195,756.9 Million by 2021. Western Europe, with a value share of 29.6%, represents the largest regional market, while North America is the second largest market, accounting for a 27.5% share and is forecast to record a CAGR growth of 4.2% during 2016-2021. The large market and high growth rates in the region can be attributed to high disposable incomes and consumer desire for an indulgent treat.

North America is the second largest Confectionery market in the world, accounting for US$42,920.8 Million in 2016, and is forecast to grow at a CAGR of 4.2% to reach US$52,616.5 Million in 2021. Chocolate is the largest market within the sector, accounting for US$23,849.7 Million (55.6% of the overall Confectionery sector) in 2016, and is expected to reach US$28,874.6 Million in 2021, growing at a CAGR 3.9%.

Hypermarkets & Supermarkets are the most popular distribution channels for Confectionery products in North America; accounting for 39.7% of sales and is followed by Convenience Stores with a 19.2% share. This is due to the high penetration of large supermarket chains in the US and Canada and the fact that Hypermarkets & Supermarkets offer a large variety of economically priced products. A significant portion of Confectionery sales involve impulse purchases explaining Convenience Stores large share of the market.

Flexible packaging is the most commonly used material in the sector and accounted for 81.1% (in packaging unit terms) of packaging in 2016 while bag/sachet was the most used pack type at 38.8% in 2016 as well. Prize Off is the most commonly used packaging closure type, accounting for a 66.3% share in 2016.

Overall Confectionery sector in North America is highly fragmented with the top five brands; Trident, Kisses, Extra Dark, Reese’s, and M&M’s, accounted for only 10.8% of the market value in 2016. Additionally, private label brands occupied a share of only 2.5% by value in 2016 because of the intense competition in the market which pushes costs up for retailers.

The report Opportunities in the North American Confectionery Sector brings together multiple data sources to provide a comprehensive overview of the North American Confectionery sector.

In particular, this report provides the following analysis -

  • Sector Overview: Provides overview of the sector size, value and volume growth analysis across regions.
  • Change in Consumption: Analysis on the shift in consumption of Confectionery by markets across countries in the North American region.
  • Health & Wellness Analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Confectionery sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Confectioneries in 2016. It also covers the market share of leading companies offering Confectioneries with health and wellness attributes in the same year.
  • Country Analysis: Provides deep-dive analysis of the countries in the region covering value growth during 2016-2021, key challenges, consumer demographics, and key trends supported with product examples. It also includes analysis of the key challenges faced and future outlook for the region.
  • Brand Analysis: Provides an overview of leading brands in North America, besides analyzing the growth of private labels in the region.
  • Key Distribution Channels: Provides analysis on the leading distribution channels in the Confectionery sector in 2016. It covers five distribution channels - Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, Department Stores, Vending machines, “Dollar Stores”, Variety Stores & General Merchandise Retailers and Others that include - Cash & Carries and Warehouse Clubs, e-Retailers, Drug stores & Pharmacies and Other retailers.
Companies mentioned in this report: Yildiz Holding, Tootsie Roll Industries, The Hershey Company, Perfetti Van Melle, Nestle, Mondelez International, Mars, Ferrero, Ferrara Candy Company, Chocoladefabriken Lindt & Sprungli.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the North American Confectionery sector. It includes analysis on the following -
  • Sector overview: Provides overview of the sector size, value and volume growth analysis across regions.
  • Change in consumption: Analysis on the shift in consumption of Confectionery by markets across countries in the North American region.
  • Health & Wellness analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Confectionery sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Confectioneries in 2016. It also covers the market share of leading companies offering Confectioneries with health and wellness attributes in the same year.
  • Country analysis: Provides deep-dive analysis of the countries in the region covering value growth during 2016-2021, key challenges, consumer demographics, and key trends supported with product examples. It also includes analysis of the key challenges faced and future outlook for the region.
  • Brand Analysis: Provides an overview of leading brands in North America, besides analyzing the growth of private labels in the region.
  • Key distribution channels: Provides analysis on the leading distribution channels in the Confectionery sector in 2016. It covers five distribution channels - Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, Department Stores, Vending machines, “Dollar Stores”, Variety Stores & General Merchandise Retailers and Others that include - Cash & Carries and Warehouse Clubs, e-Retailers, Drug stores & Pharmacies and Other retailers.
  • Preferred packaging formats: The report provides percentage share (in 2016) and growth analysis (during 2011-2021) for various packaging materials, container, closure, and outer types based on the sales (by pack units) of Confectioneries.
Reasons to buy
  • Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region.
  • The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis , that can help companies gain insight into the country specific nuances
  • The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
  • To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates


  • Executive Summary
  • Market size and growth analysis
    • Market size in context – North America compared to other regions
      • Table Regional comparison: Market size, growth, and per capita consumption and expenditure analysis, 2016
    • Growth analysis by region
    • Growth analysis by country
    • Growth Analysis by Market
  • Growth potential by countries in North America
    • Risk and reward analysis – Methodology
    • Risk and reward analysis – Opportunity scores
  • Market size and growth analysis
    • Overview – Value and volume growth analysis by country
      • Table The US is the dominant Confectionery market in North America
    • Growth contribution analysis by country
    • Share of Confectionery compared to other Food sectors
    • Change in consumption levels by country and markets
    • Per capita consumption and expenditure analysis by country and markets
  • Country profiles
    • US
      • The US Confectionery – Overview
        • Table % Value Share, 2016
      • The US Confectionery – Demographic analysis
      • The US Confectionery – Key trends
    • Canada
      • Canadian Confectionery – Overview
        • Table % Value Share, 2016
      • Canadian Confectionery – Demographic analysis
      • Canadian Confectionery – Key trends
    • Mexico
      • Mexican Confectionery – Overview
        • Table % Value Share, 2016
      • Mexican Confectionery – Demographic analysis
      • Mexican Confectionery – Key trends
  • Success stories
    • About Case Studies
    • Case Study: OCHO – Peanut Butter Easter Eggs
    • Case Study: barkThins Snacking Chocolate
    • Case Study: M&M's Caramel Chocolate Candies
  • Company and brand analysis
    • Brand share analysis – Confectionery sector
    • Leading companies in the North American Confectionery sector
    • Leading brands in the North American Confectionery sector
    • Private Label penetration in the Confectionery sector
      • Table Private Label penetration (in value terms) in the Confectionery sector, 2016
  • Health & Wellness analysis
    • Health & Wellness analysis – Overview
      • Table Health & Wellness value and its share in overall sales, 2011–2021
    • Health & Wellness analysis – Growth contribution by country
    • Health & Wellness analysis – Key product attributes and consumer benefits
      • Table Shares across countries North America, 2016
    • Health & Wellness analysis – Key product attributes and consumer benefits
    • Health & Wellness analysis – Key product attributes and consumer benefits
    • Leading Health & Wellness companies by market share
  • Key Distribution Channels
    • Leading distribution channels by countries
      • Table Leading Distribution Channels in North America by countries (by value), 2016
    • Leading Distribution Channels by markets
      • Table Leading Distribution Channels in North American region by markets, 2016
  • Key Packaging Formats
    • Growth analysis by key Packaging Material and Pack Type
    • Growth analysis by Closure Type and Outer Type
  • Challenges and Future Outlook
    • Key Challenges
    • Future Outlook – North America
  • Appendix
    • Table Global Confectionery – Sales, by Region - Value (US$ million)
    • Table Global Confectionery Sales, by Region- Volume (Kg Million)
    • Table Growth Analysis, by Country- Value (US$ million)
    • Table Growth Analysis, by Country- Volume (Kg Million)
    • Table Market Growth Analysis, by Country - Chocolate (US$ Million)
    • Table Market Growth Analysis, by Country - Gum (US$ Million)
    • Table Market Growth Analysis, by Country – Sugar Confectionery (US$ Million)
    • Table Market Growth Analysis, by Country - Chocolate (Kg Million)
    • Table Market Growth Analysis, by Country - Gum (Kg Million)
    • Table Market Growth Analysis, by Country – Sugar Confectionery (Kg Million)
    • Table Global - Brands vs. Private Label Value (2016, US$ million)
    • Table North America - Brands vs. Private Label Value (2016, US$ million)
    • Table North America - Brands vs. Private Label Value, by Country (2016, US$ million)
    • Table North America Top 5 Brands value sales, Gum (US$ million)
    • Table North America Top 5 Brands value sales, Chocolate (US$ million)
    • Table North America Top 5 Brands value sales, Sugar Confectionery (US$ million)
    • Table Health & Wellness product attribute analysis for North America
    • Table Health & Wellness consumer benefit attribute analysis for North America
    • Table Leading Distribution Channels in the North American region, 2016
    • Table Volume Growth by Packaging Material (2011-2021)
    • Table Volume Growth by Container Type (2011-2021)
    • Table Volume Growth by Closure Type (2011-2021)
    • Table Volume Growth by Outer Type (2011-2021)
  • Trends Definitions
    • GlobalData's TrendSights Framework
    • GlobalData has identified eight mega-trends that can be broken down into 63 trends
    • Definitions – Trends: Health & Wellness
    • Definitions – Trends: Sensory & Indulgence
    • Definitions – Trends: Comfort & Uncertainty
    • Definitions – Trends: Sustainability & Ethics
    • Definitions – Trends: Individualism & Expression
    • Definitions – Trends: Smart & Connected
    • Definitions – Trends: Easy & Affordable
  • About Global Data

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report