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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Analysis Chapter

The Candy Production industry manufactures a range of nonchocolate confectionery products including granola bars, jelly, marshmallows, fudge and panned candy. The industry also produces chewing gum, gum base and candied fruits and nuts. The common input to all of these products is sugar. Falling sugar prices have subdued selling prices over the past five years, while preference shifts and rising health consciousness among consumers have caused demand to fall. As a result, IBISWorld expects industry revenue to fall at an annualized rate of 1.0% in the five years to 2015. However, this includes forecast growth of 1.2% over 2015 bringing total revenue to $8.6 billion... 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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