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Candy Production in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Candy Production Market Research Report | NAICS 31134 | Mar 2015

Low sugar: Competition from chocolates and imports will limit strong revenue growth

IBISWorld’s Candy Production market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 10-15
-1.0%
Annual Growth 15-20
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Profit
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Employment
17,808
Businesses
388
Industry Analysis & Industry Trends

In the five years to 2015, falling sugar prices subdued selling prices, while preference shifts and rising health consciousness among consumers have caused industry demand to fall. Industry performance is expected to improve over the next five years due to growing consolidation and innovation by major players. In particular, producers are expected to introduce healthier products to mitigate adverse perceptions toward candy. In addition, sugar prices are expected to rise slowly, boosting the selling price of candy. Still, competition from chocolates and imports will limit strong revenue growth... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Candy Production industry is characterized by a high level of market share concentration, with the top four players expected to account for 71.4% of revenue in 2015. The most notable development in the competitive landscape over the past five years has been Farley's and Sathers Candy Company's acquisition of Ferrara Pan Candy Company. The merger combined two of the largest industry players into the Ferrara Candy Company, operative since 2012. Another important albeit earlier development is Mars' acquisition of Wrigley, which added to the company's portfolio chewing gum, Skittles and Starburst products, all of them industry-specific and significant... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Candy Production Industry?

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.

Industry Products
Soft candyChewy candyHard candyGum
 
Industry Activities
Producing chewy candy, including granola and breakfast barsProducing soft candyProducing hard candyProducing gum


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