United States Confectionery Market Report by Product Type (Hard-Boiled Sweets, Mints, Gums and Jellies, Chocolate, Caramels and Toffees, Medicated Confectionery, Fine Bakery Wares, and Others), Age Group (Children, Adult, Geriatric), Price Point (Economy, Mid-Range, Luxury), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Pharmaceutical and Drug Stores, Online Stores, and Others), and Region 2024-2032
Market Overview:
United States confectionery market size reached US$ 38.48 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 55.24 Billion by 2032, exhibiting a growth rate (CAGR) of 3.60% during 2024-2032. The introduction of numerous flavors, textures, and portion sizes by key players to cater to diverse palates and the inflating popularity of premium packaging are primarily driving the market growth.
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Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 38.48 Billion |
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Market Forecast in 2032
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US$ 55.24 Billion |
| Market Growth Rate 2024-2032 | 3.60% |
Confectionery encompasses a broad range of sweet food items skillfully crafted with artistic expertise. This category includes a variety of sugary delights, such as candies, chocolates, pastries, and other sweet treats. Typically enjoyed as desserts, snacks, or special gifts, confectionery products are the result of a combination of culinary skill and creative expression. From elaborately designed cakes to straightforward yet delightful candies, these sweet creations cater to diverse preferences. Confectionery has a universal appeal, adding joy and sweetness to various occasions and celebrations. It serves as a testament to the seamless blend of culinary mastery and imaginative craftsmanship, making it a delightful and appreciated aspect of the culinary world.
United States Confectionery Market Trends:
The confectionery market in the United States is a vibrant and dynamic sector that caters to the nation's sweet tooth with a diverse array of indulgent treats. One of the key drivers of the market across the country is the escalating demand for innovative and high-quality sweets. Additionally, consumers are drawn to a variety of options, from classic favorites to new and exciting flavors and textures. Besides this, the market continually evolves to meet changing consumer preferences, incorporating trends such as organic and natural ingredients, as well as a growing emphasis on healthier alternatives. Moreover, branding and marketing play a pivotal role in the U.S. confectionery landscape, with iconic brands and creative packaging contributing to the industry's appeal. Seasonal and holiday-themed confectionery further boosts market dynamics, as consumers eagerly embrace festive treats during events like Halloween, Christmas, and Easter. While indulgence is a significant aspect of the confectionery market, there is also an emerging trend toward premium and artisanal offerings. Apart from this, consumers increasingly seek unique and handcrafted confections, often willing to pay a premium for superior quality and distinctive flavors. Government regulations and consumer awareness regarding health and wellness have prompted some manufacturers to introduce products with reduced sugar content or incorporate natural sweeteners. This, in turn, is expected to bolster the market growth across the United States in the coming years.
United States Confectionery Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on product type, age group, price point, and distribution channel.
Product Type Insights:
- Hard-Boiled Sweets
- Mints
- Gums and Jellies
- Chocolate
- Caramels and Toffees
- Medicated Confectionery
- Fine Bakery Wares
- Others
The report has provided a detailed breakup and analysis of the market based on the product type. This includes hard-boiled sweets, mints, gums and jellies, chocolate, caramels and toffees, medicated confectionery, fine bakery wares, and others.
Age Group Insights:
- Children
- Adult
- Geriatric
A detailed breakup and analysis of the market based on the age group have also been provided in the report. This includes children, adult, and geriatric.
Price Point Insights:
- Economy
- Mid-Range
- Luxury
The report has provided a detailed breakup and analysis of the market based on the price point. This includes economy, mid-range, and luxury.
Distribution Channel Insights:
- Supermarkets and Hypermarkets
- Convenience Stores
- Pharmaceutical and Drug Stores
- Online Stores
- Others
A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes supermarkets and hypermarkets, convenience stores, pharmaceutical and drug stores, online stores, and others.
Regional Insights:
- Northeast
- Midwest
- South
- West
The report has also provided a comprehensive analysis of all the major regional markets, which include Northeast, Midwest, South, and West.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
United States Confectionery Market Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Scope of the Report | Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
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| Product Types Covered | Hard-Boiled Sweets, Mints, Gums and Jellies, Chocolate, Caramels and Toffees, Medicated Confectionery, Fine Bakery Wares, Others |
| Age Groups Covered | Children, Adult, Geriatric |
| Price Points Covered | Economy, Mid-Range, Luxury |
| Distribution Channels Covered | Supermarkets and Hypermarkets, Convenience Stores, Pharmaceutical and Drug Stores, Online Stores, Others |
| Regions Covered | Northeast, Midwest, South, West |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the United States confectionery market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the United States confectionery market?
- What is the breakup of the United States confectionery market on the basis of product type?
- What is the breakup of the United States confectionery market on the basis of age group?
- What is the breakup of the United States confectionery market on the basis of price point?
- What is the breakup of the United States confectionery market on the basis of distribution channel?
- What are the various stages in the value chain of the United States confectionery market?
- What are the key driving factors and challenges in the United States confectionery?
- What is the structure of the United States confectionery market and who are the key players?
- What is the degree of competition in the United States confectionery market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States confectionery market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the United States confectionery market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States confectionery industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.
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