North America Sugar Confectionery Market Size Worth USD 41.44 Billion By 2032 | CAGR: 5.0%

The North America sugar confectionery market size is expected to reach USD 41.44 Billion by 2032, according to a new study by Polaris Market Research. The report “North America Sugar Confectionery Market Share, Size, Trends, Industry Analysis Report, By Type (Hard-Boiled Sweets, Gums & Jellies, Caramels & Toffees, Medicated Confectionery, Others); By Distribution Channel; By Country; Segment Forecast, 2024- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The North American sugar confectionery industry is a vast and diverse sector that encompasses a wide range of products such as gummies, caramels, toffees, jellies, and other sweets. Despite experiencing steady growth, the industry still commands a significant revenue share in the global market, primarily driven by the growing demand for confectionery products among consumers. The market growth is primarily fueled by the increasing popularity of premium and gourmet candies, with consumers willing to pay a premium for high-quality, unique, and handmade sweets that offer distinct flavors and textures.

The market has seen an increase in small and medium-sized players who offer specialty candies made with natural ingredients and unique flavor combinations. However, the industry's growth is at risk due to the increasing awareness of the harmful health effects related to excessive sugar consumption. As a result, governments and health organizations have been advocating for a reduction in sugar intake. This has resulted in a decrease in demand for some types of sugary candies.

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There has been a growing trend towards gifting sweets and chocolates during holidays, festivals, and other celebratory occasions. This is because sugary treats are often associated with warmth, joy, and happiness, making them ideal gift items for expressing good wishes and spreading cheer. Companies in the industry concentrate on innovation, brand expansion, and strategic collaborations to retain their market position and stimulate growth. They allocate substantial resources to research and development to introduce fresh flavors, layouts, and packaging alternatives that cater to evolving consumer preferences.

North America Sugar Confectionery Market Report Highlights

• In the year 2023, the market witnessed a significant impact on the growing popularity of hard-boiled sweets. The popularity of hard-boiled sweets was primarily driven by children and young adults who were fascinated by their sweet taste and playful texture. Consequently, hard-boiled sweets secured a substantial share of the sugar confectionery market in North America.
• In 2023, the North American sugar confectionery market was primarily dominated by offline stores as the preferred distribution channel. This indicates that consumers in the region still exhibit a stronger inclination towards in-store purchases of sweets and candies rather than relying on online platforms.
• In 2023, the North American market was dominated by the United States, primarily driven by the country's large and diverse population. This population creates a substantial demand for sugary snacks and treats, which further strengthens the United States' revenue share in this market.
• The key market players include Ferrara Candy, Ferrero, Haribo, Hershey, Jelly Belly, Mars Wrigley Confectionery, Nestle SA, Russell Stover, Sugarfina, The Kraft Foods Inc., Trader Joe's, etc.

Polaris Market Research has segmented the North American sugar confectionery market report based on type, distribution channel, and country:

North America Sugar Confectionery, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Hard-Boiled Sweets
• Gums & Jellies
• Caramels & Toffees
• Medicated Confectionery
• Others

North America Sugar Confectionery, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)

• Offline Stores
• Online Platforms

North America Sugar Confectionery, Country Outlook (Revenue - USD Billion, 2019 - 2032)

• U.S.
• Canada

Sugar Confectionery Market Report Scope