The Market value (retail sales value) of Confectionery Industry in United States of America attained a value of USD 39,638.52 Millions in 2020
The Industry recorded a historical growth (CAGR) of 2.36% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the Industry to grow at a CAGR of ...
In 2020, the US confectionery sector accounted for more than a fifth (by value) of the global confectionery market. Hypermarkets & supermarkets were the largest distribution channel in the US confectionery sector, followed by convenience stores and food & drinks specialists.
In the US, consumption of confectionery is higher among females than males. Furthermore, “kids & babies” represent the largest subset of the confectionery sector in the US.
Hershey, Mars, Ferrero, Mondelez, and Chocoladefabriken Lindt & Sprüngli held the top five leading market positions in the confectionery industry of the US.
Leading brands in the Confectionery market in the US in 2020 included Hershey`s, Ferrero, and Wrigley`s.
Confectionery products refer to all chocolate-based products, all bubble and chewing gum, sugar-based confectionery items including hard-boiled sweets, mints, caramels & toffees, gums and jellies, marshmallows, fudges, and medicated throat lozenges.
Hershey leads the US confectionery sector by value
Hershey was the leading company in the confectionery market of the US in 2020. Hershey`s & Twizzlers were the key brands tending the confectionery needs of the US’ population under Hershey, with a bigger chunk of the sales (by value) coming from the Hershey`s brand.
Mars ranked second in the confectionery product market in the US
Mars was the second-largest company in the US confectionery market in 2020, with more than 10 brands operating in the US confectionery sector under its trademark. Wrigley`s, M & M`s, Mars, Dove, and Snickers are some of the leading brands owned by the company. Wrigley`s brand was the biggest contributor to the company’s confectionery sales in the US in 2020.
The other leading market positions in the US were held by Ferrero, Mondelez, and Chocoladefabriken Lindt & Sprüngli
While the top two positions in the US confectionery market were held by Hershey and Mars. Ferrero, Mondelez, and Chocoladefabriken Lindt & Sprüngli were among some of the other prominent companies in the confectionery market in the US, owning leading brands such as Ferrero, Halls, and Lindt.
Market Fragmentation: The top three players, accounted for more than half of the confectionery market (by value) in the US in 2020
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