The North America Confectionery Market to be aided by the USA market, which is expected to reach USD 28.2 billion in 2023

The North America Confectionery market is significantly aided by the growing USA market. The market is rapidly growing and is anticipated to reach nearly USD 28.29 billion by 2026. The Hershey Company and Mars, the leading two players, account for nearly 60% of the USA market. The leading players in the gum industry is Wrigley, accounting for over 50% the market share. Wrigley is owned by Mars as a subsidiary, incorporated in the year 2008.

The confectionery market is a large market with a huge population as its consumers. The wide range of products and flavours available in the sector attracts many consumers. confectionery is a common favourite among consumers, especially among children. The sales of gums are due to the growing consumption of gums by the younger generation. The easy availability of confectionery is also aiding the growth of the market.

The Hershey Co (NYSE: HSY), a leading key player in the North America confectionery market is one of the largest manufacturers globally. The reason for the brand to be a favourite among consumers is their innovative range of products, prepared specially to meet the customer needs. It is the preferred brand among consumers because of its cost effectiveness and great quality. Another major player, Nestlé USA’s confectionery trade was bought by Ferrero for USD 25.27 billion in 2020.

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Market Analysis by Types and Regions:

• The confectionery market can be divided into chocolate, non-chocolate, gums and mints.
• Chocolate can be sub divided into white, milk and dark chocolate.
• The major regions in the North America market are United States and Canada.

Key Findings of the Report:

• The North America confectionery market is being aided by the expanding distribution channels, both online and retail.
• The introduction of sugar free or reduced sugar confectionery is also propelling the growth of the market.
• The healthy growth of the economies of the regions is driving the market growth.
• The increased disposable income of the people is also increasing the sales of confectionery.

Key Offerings of the Report:

• The EMR report provides an overview of the North America confectionery market for the periods (2018-2023) and (2024-2032).
• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the types and regions of confectionery in North America.
• The report also gives the region wise price trends of the North America confectionery market. 
• The report gives the global trade analysis for the year 2020, covering the major exporting and importing countries by value and volume. 

The major players in the North America confectionery market are The Hershey Company, Nestle S.A (Nestle USA), Ferrero SpA, Mars Inc., Mondelez International, Inc., Chocoladefabriken Lindt & Sprüngli AG, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers, acquisitions and investments, capacity expansions, and plant turnarounds.

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