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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 | May 2016

Low sugar: Competition from chocolates and imports will cause revenue to briefly decline

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
$8bn
Annual Growth 11-16
-1.0%
Annual Growth 16-21
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Profit
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Employment
17,889
Businesses
424
Industry Analysis & Industry Trends

In the five years to 2016, 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 - Starting a New Business Chapter

It is moderately difficult to enter the candy production industry. A sufficient amount of capital is needed to operate. More importantly, the industry is heavily regulated by the Food and Drug Administration with respect to content, safety, packaging and labeling standards. Compliance is costly and requires the employment of high-skill chemists, technicians and legal experts. In addition, entry requires guaranteed access to raw materials. This may be difficult in the absence of established relationships with upstream markets.

A more important issue for potential entrants is the ability to succeed after entry. High competition and concentration in the industry may be discouraging, especially given the brand-loyalty and large production scale enjoyed by large incumbents... 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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