Market Overview

The North America Confectionery Market 2018-2023: Segmented by Product Type, Distribution Channel and Geography - ResearchAndMarkets.com

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The "North
America Confectionery Market - Segmented by Product Type, Distribution
Channel and Geography - Growth, Trends, and Forecast (2018 - 2023)"

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The North America confectionery market is expected to reach USD 58
billion by 2023, witnessing a stable CAGR of 3.3%, during the forecast
period. Confectionery consumption volume in the region surpassed 3,132
million Kg in 2017, moving at steady volume growth rate.

Chocolate dominates the market owing to increased cocoa product
consumption. US is the largest market accounting for more than 75% of
the confectionery volume share. Increased demand for higher quality
cocoa products and premium chocolate accelerated confectionery sale in
North America.

Organic in High Demand

Consumer interests in organic chocolate are growing in North America.
However, organic chocolate represents a very small share in the market
at present. The US remains the most significant market with organic
confectionery sale. Consumer awareness about the sourcing of raw
material that is organic is the primary driver for the market.

The global organic chocolate market valued at USD 732 million in 2012,
which reordered a steady growth rate. About 15% of US chocolate buyer
purchase organic chocolate despite its premium price. Chocolates launch
with organic claim increased 6% during 2014-2016. Clean label claim
products such as all-natural, preservative-free are further driving the
chocolate market in the region.

Chocolate Craving Dominates

North American chocolate confectionery volume surpassed 1,604 million Kg
in 2017 with moulded chocolate leading the segment. Moulded chocolate
holds 33% of the chocolate volume share, which is followed by Countlines
and softlines. Countlines is the most consumed chocolates in the region,
which is growing at a steady rate of 3%.

The demand for countline sales crossed USD 8,067 million in 2017; driven
by on-the-go and convenient pack style of products. Boxed assortments
sale is growing in the region owing to seasonal chocolate gifting trend
demand for premium chocolate and attractive packaging. However, the
government regulation regarding sugar tax and promotion activity for
sharing bags are the major restraints affecting confectionery market
growth.

Key Developments

  • April 2018 - Nestle planning to launch Ruby Chocolate in America,
    which is the first new natural color chocolate after white chocolate
    introduced by Nestle 80 years back. This chocolate is made from
    ruby/pink cocoa bean

Key Topics Covered

1. Introduction

2. Research Approach and Methodology

3. Market Overview

4. Market Segmentation

5. Competitive Landscape

6. List of Company Profiles

7. Companies Covered

  • Mondelez international Inc
  • Mars Inc.
  • Nestle SA
  • Ferrero Group
  • Meiji Co. Ltd
  • Hershey Co
  • Lotte Confectionery Co. Ltd
  • Grupo Bimbo
  • S.A.B. de C.V.
  • Lotte Group
  • Clif Bar & Company
  • QuestNutrition LLC
  • Wm. Wrigley Jr. Company

For more information about this report visit https://www.researchandmarkets.com/research/74brv3/the_north_america?w=4

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