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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
Annual Growth
Profit
Profit
Employment
17,889
Businesses
444
Industry Threats & Opportunities
  • Demand conditions are expected to improve as operators expand sugar-free and low-caloric product lines
  • Consolidation has helped profit margins remain high despite rising competition
  • Imports will satisfy a rising portion of domestic demand, stiffening competition for operators
  • ... purchase to read more

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 - Industry Investment Chapter

The Candy Production industry is moderately capital-intensive; IBISWorld estimates that in 2016 operators will spend $0.23 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. Cap.. ... purchase to read more

Additional Insights for the Candy Production Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Candy Production Industry are

  • Ability to adapt to change
  • Product differentiation
  • Supply contracts for key inputs
  • IBISWorld analysts also discuss how external factors such as Demand from chocolate production and Per capita disposable income in the Candy Production industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    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


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from chocolate production
  • Per capita disposable income
  • Per capita sugar and sweetener consumption
  • Price of sugar
  • Trade-weighted index
  • Current Performance
  • Weak demand and falling prices
  • Consolidation
  • Innovation and shifting product mix
  • Chart: Revenue Growth
  • Industry Outlook
  • Limited gains
  • Profit margins
  • Demographic shifts
  • Table: Candy Production Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Candy Production Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Grocery Wholesaling
  • Confectionery Wholesaling
  • Supermarkets & Grocery Stores
  • Convenience Stores
  • Consumers
  • Key Selling Industries
  • Baking Mix & Prepared Food Production
  • Coated & Laminated Paper Manufacturing
  • Fruit & Nut Farming
  • Margarine & Cooking Oil Processing
  • Orange & Citrus Groves
  • Sugar Processing
  • Products & Services
  • Chewy candy
  • Gum
  • Soft candy
  • Hard candy
  • Other
  • Chart: Candy Production Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Confectionery wholesalers
  • Retail stores
  • Mass merchandisers
  • Export markets
  • Other markets
  • Chart: Major Market Segmentation for the Candy Production Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Candy Production
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Candy Production Industry
  • Industry Globalization
    Major Companies
    Mars Inc.
    The Hershey Company
    Ferrara Candy Company
    Mondelez International
  • Table: Mars Inc. - financial performance
  • Table: The Hershey Company - financial performance
  • Table: Ferrara Candy Company - financial performance
  • Table: Mondelez International - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Candy Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Candy Production Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Price of sugar (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    Emulsifier
  • A molecule with one water-loving (hydrophilic) and one oil-loving (hydrophobic) end. It makes it possible for water and oil to become finely dispersed in each other.
  • Hard Candy
  • Candy such as candy cane, boiled sugar candy and candy pops, which do not typically possess the sophisticated ingredients and flavors of modern soft candies.
  • Panning
  • A process of building candy pieces from single units, such as grains of sugar, nuts or candy centers, and tossing them in revolving pans while adding flavor, color and other ingredients.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Candy Production:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Candy Production market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Candy Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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