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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 | Feb 2014

Sugar rush: An increasingly health-conscious marketplace will encourage innovation

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 09-14
3.2%
Annual Growth 14-19
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Profit
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Employment
14,678
Businesses
343
Industry Analysis & Industry Trends

The sweet tooth of US consumers kept candy producers resilient during the recession, and the next five years will be marked by further growth. An increasingly health-conscious marketplace will encourage producers to adapt product lines to include sugar-free and low-sugar products. Furthermore, as the number of children aged 14 and under continues to shrink, candy producers will increasingly market their goods to adults. The industry will also look to foreign markets for growth as the domestic market becomes more saturated... purchase to read more

Industry Report - Industry Investment Chapter

The Candy Production industry is moderately capital-intensive; IBISWorld estimates that for every dollar spent on wages, companies will spend about $0.30 on capital in 2014.

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. Still, the industry as a whole is more capital intensive than it is labor intensive, with total wage costs expected to decline to 8.3% of revenue by 2014... 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 not consumed immediately on premises but are distributed to confectionery and grocery wholesalers, and retailers that then sell the candy to households consumers. The industry does not produce chocolates, chocolate confectionery, ice cream or frozen yogurt.

Industry Products
Soft packaged candyHard packaged candyGum, with and without sugarCandied fruits and nuts
 
Industry Activities
Soft candy production (e.g. marshmallows and jelly candy)Hard candy production (e.g. breakfast bars)Chewing gum productionOther non-chocolate candy production


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