Candy Production in Canada
The Candy Production industry in Canada produces nonchocolate candy such as marshmallows, toffee, caramel, granola bars and chewing gum. Operators sell their products to retailers and wholesalers for redistribution to consumers. As a result, industry performance relies on domestic demand and global demand. Although some industry products, such as breakfast bars, are growing in popularity, increasing health consciousness has soured overall demand for candy products. In recent years, the industry has become more export-intensive, and subsequently, consolidated. Operators have found some respite in the US market for candy, which receives the majority of exports. Over the next five years, demand for traditional industry products will have a comeback due to favourable conditions and operators changing courses by adding more sugar free and naturally flavoured products.
This industry produces nonchocolate confectionery such as marshmallows, toffee, candied fruits and nuts, fudge, breakfast bars and chewing gum. Industry operators sell candy to retailers and wholesalers that then distribute it to households and other consumers. This industry does not produce chocolates, chocolate confectionery, ice cream, frozen yogourt or dried fruit and nut snacks.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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