The North America candy market is anticipated to grow with modest CAGR during the forecast period (2020-2026). The growth of the market is driven by the growing financial independence with the rising high income of the population across the region. Additionally, the growth in the innovation of candies coupled with the rising consumption rate also aid in the growing shares of the North America candy market. Moreover, the continuously evolving consumer preferences towards healthy, clean labelled and natural products are presenting new opportunities for the expansion to the manufacturers in the candy market.
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A full report of North America Candy Market is available at: https://www.omrglobal.com/industry-reports/north-american-candy-market
Furthermore, the launches of new seasonal and festive candy by the manufacturer are also aiding to the growth of the candy market. For instance, Thanksgiving Day and turkey hold a special place in the American culture, and hence, considering that Ferrara Candy Company-owned brand Brach launched thanksgiving dinner inspired Turkey Dinner Candy Corn in August 2020. The flavours of the candy are taken from the traditional Thanksgiving dinner menu that includes roasted turkey, green beans, ginger-glazed carrot, sweet potato pie, and cranberry sauce. Such innovations are expected to considerably drive the North American candy market during the forecast period.
Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Type, By Flavor, By Distribution Channel
- Regions Covered- US, Canada
- Competitive Landscape- The Hershey Co., Mars, Inc., Chocoladefabriken Lindt & Sprüngli AG, Ferrero Group, Cavalier Candies Ltd., Mondelez North America LLC, Nestle S.A.
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from the pre-COVID-19 forecast
- Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain in North America?
- Where is the investment opportunity?
North America Candy Market Report Segment
By Type
- Hard-Boiled Candies
- Pastilles, Gums, Jellies, and Chews
- Toffees
- Lollipop, Twist & Stick candy
- Others
By Flavor
- Caramel
- Chocolate
- Mint
- Coffee
- Fruits
- Other
By Distribution Channel
- Supermarkets/ Hypermarkets
- Convenience Stores
- Online Channel
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
