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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 Investment Chapter

The Candy Production industry is moderately capital-intensive; IBISWorld estimates that in 2015 operators will spend $0.25 on capital for every $1.00 spent on labor. Expensive equipment is needed to augment efficiency of production and to allow workers to perform tasks such as product sorting quickly and with more precision. The level of capital intensity varies with the size of the producer: while larger facilities spend more on capital and incur sizeable depreciation costs, small to medium-sized facilities lack the resources to invest in expensive technology, relying more heavily on manual labor operations... 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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