The North American confectionery market is anticipated to grow at a modest CAGR of 4.2% during the forecast period. The growth of the market is attributed to the presence of globally recognized confectionery manufactures and distributors including Mars Inc., Ferrero Group among others across the region. In addition to this, the increasing activities such as new product launch and geographical expansion of market players is also aiding to the growth of the market. For instance, in June 2020, Ferrero Group’s US subsidiary Ferrero USA Inc. announced its expansion across the region with the opening of the new distribution center in McDonough, Georgia, US.
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The North American confectionery market is segmented based on type, and distribution channels. Based on the type, the market is sub-segmented into sugar confectionery, chocolate confectionery, and baker confectionery. Based on the distribution channel, the market is sub-segmented into supermarkets/ hypermarkets, convenience stores, and online channels.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
North American Confectionery Market Report Segment
By Type
- Sugar Confectionery
- Chocolate Confectionery
- Bakers Confectionery
By Distribution Channel
- Supermarkets/ Hypermarkets
- Convenience Stores
- Online Channel
North American Confectionery Market Report Segment- By Geography
- United States
- Canada
The Report Covers
- Comprehensive research methodology of the North American confectionery market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the North American confectionery market.
- Insights about market determinants that are stimulating the North American confectionery market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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