Candy Production in the US
Health concerns and heightened competition have challenged the Candy Production industry's growth over the past five years. Consumers are becoming more wary of sugar-rich and high-calorie products. Furthermore, the remaining consumption of sweets is increasingly shifting toward chocolate. This highlights the substitutability of this industry's sugar candy with chocolate candy, produced externally by the Chocolate Production industry (IBISWorld report 31135). Over the five years to 2022, IBISWorld expects demand conditions to improve slightly as operators expand sugar-free and low-caloric product lines. Operators are also expected to focus on products that appeal to an older demographic, such as granola and breakfast bars, to the detriment of more traditional candy products aimed at children.
The Candy Production industry produces confectionery such as breakfast bars, candied fruits, fudge, Halvah, marshmallows and toffee. Finished goods are distributed to confectionery and grocery wholesalers and retailers, who then sell the candy to households and other consumers. The industry does not produce chocolates, chocolate confectionery, ice cream or frozen yogurt.
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.