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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 | Sep 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
2.9%
Annual Growth 14-19
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Profit
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Employment
17,762
Businesses
392
Industry Analysis & Industry Trends

The sweet tooth of US consumers kept candy producers resilient during the recession; the next five years will likely 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 SWOT Analysis Chapter

The Candy Production industry is expected to grow at a similar rate to the overall economy in the 10 years to 2019, an indication of the industry's maturity. Over the period, IBISWorld estimates the industry's contribution to the economy, as measured by the industry value added (IVA), will increase at an annualized 2.8% while the US GDP will increase at a comparable 2.5% per year on average.

Growing concentration of the industry is also indicative of maturity. Larger companies are acquiring smaller ones in an attempt to expand their product portfolio, reach strategic markets and gain market share. Larger scales of production also serve to cut long term costs and maintain high profit margins... 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 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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