United States (US) Confectionery Market Summary, Competitive Analysis and Forecast to 2029

Confectionery in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

– Confectionery market includes retail sales of chocolate, sugar confectionery, and gum products. Chocolate segment includes all chocolate based products, including boxed chocolates, chocolate countlines, chocolate straightlines, molded bars and novelties. Sugar confectionery segment includes caramels and toffees, gums and jellies, hard boiled sweets, liquorice, lollipops, medicated confectionery and mints. Gum segment covers all bubble and chewing gum. The market is valued according to retail selling price (RSP) and includes any applicable taxes.

– The US confectionery market recorded revenues of $51,648.0 million in 2024, representing a compound annual growth rate (CAGR) of 5.4% between 2019 and 2024.

– Market consumption volume increased with a CAGR of 1.0% between 2019 and 2024, reaching a total of 2,692.9 million kilograms in 2024.

– The healthy growth of the US confectionery market during 2019–24 can be attributed to the strong consumer demand for comfort foods during the COVID19 pandemic, increased snacking occasions, and a surge in ecommerce sales.

Scope

– Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the confectionery market in the United States

– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the confectionery market in the United States

– Leading company profiles reveal details of key confectionery market players’ global operations and financial performance

– Add weight to presentations and pitches by understanding the future growth prospects of the United States confectionery market with five year forecasts

Reasons to buy

- What was the size of the United States confectionery market by value in 2024?

- What will be the size of the United States confectionery market in 2029?

- What factors are affecting the strength of competition in the United States confectionery market?

- How has the market performed over the last five years?

- What are the main segments that make up the United States's confectionery market?

Companies mentioned

The Hershey Co

Mars Inc

Ferrero International SA

Perfetti Van Melle S.p.A.

Table of Contents

Table of Contents

1 Executive Summary

1.1. Market value

1.2. Market value forecast

1.3. Market volume

1.4. Market volume forecast

1.5. Category segmentation

1.6. Geography segmentation

1.7. Market share

1.8. Market rivalry

1.9. Competitive landscape

2 Market Overview

2.1. Market definition

2.2. Market analysis

3 Market Data

3.1. Market value

3.2. Market volume

4 Market Segmentation

4.1. Category segmentation

4.2. Geography segmentation

4.3. Market distribution

5 Market Outlook

5.1. Market value forecast

5.2. Market volume forecast

6 Five Forces Analysis

6.1. Summary

6.2. Buyer power

6.3. Supplier power

6.4. New entrants

6.5. Threat of substitutes

6.6. Degree of rivalry

7 Competitive Landscape

7.1. Market share

7.2. Who are the leading players in the US confectionery market?

7.3. Which companies have been most successful in increasing their market shares during 2019–24?

7.4. Which companies market shares have suffered over the same period (2019–24)?

7.5. What are the most popular brands in the US confectionery market?

7.6. What have been the most significant M&A deals in the US confectionery market during 2024?

8 Company Profiles

8.1. The Hershey Co

8.2. Mars Inc

8.3. Ferrero International SA

8.4. Perfetti Van Melle S.p.A.

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology

10.2. Industry associations

10.3. Related MarketLine research

10.4. About MarketLine

List of Tables

List of Tables

Table 1: United States confectionery market value: $ million, 2019–24

Table 2: United States confectionery market volume: million kilograms, 2019–24

Table 3: United States confectionery market category segmentation: % share, by value, 2019–24

Table 4: United States confectionery market category segmentation: $ million, 2019-24

Table 5: United States confectionery market geography segmentation: $ million, 2024

Table 6: United States confectionery market distribution: % share, by value, 2024

Table 7: United States confectionery market value forecast: $ million, 2024–29

Table 8: United States confectionery market volume forecast: million kilograms, 2024–29

Table 9: United States confectionery market share: % share, by value, 2024

Table 10: The Hershey Co: Key Facts

Table 11: The Hershey Co: Annual Financial Ratios

Table 12: The Hershey Co: Key Employees

Table 13: Mars Inc: Key Facts

Table 14: Mars Inc: Key Employees

Table 15: Mars Inc: Key Employees Continued

Table 16: Ferrero International SA: Key Facts

Table 17: Ferrero International SA: Key Employees

Table 18: Perfetti Van Melle S.p.A.: Key Facts

Table 19: Perfetti Van Melle S.p.A.: Key Employees

Table 20: United States Size of Population (Million), 2020–24

Table 21: United States Real GDP (Constant 2010 Prices, $ Billion), 2020–24

Table 22: United States GDP (Current Prices, $ Billion), 2020–24

Table 23: United States Inflation, 2020–24

Table 24: United States Consumer Price Index (Absolute), 2020–24

Table 25: United States Exchange Rate, 2019–24

List of Figures

List of Figures

Figure 1: United States confectionery market value: $ million, 2019–24

Figure 2: United States confectionery market volume: million kilograms, 2019–24

Figure 3: United States confectionery market category segmentation: $ million, 2019-24

Figure 4: United States confectionery market geography segmentation: % share, by value, 2024

Figure 5: United States confectionery market distribution: % share, by value, 2024

Figure 6: United States confectionery market value forecast: $ million, 2024–29

Figure 7: United States confectionery market volume forecast: million kilograms, 2024–29

Figure 8: Forces driving competition in the confectionery market in the United States, 2024

Figure 9: Drivers of buyer power in the confectionery market in the United States, 2024

Figure 10: Drivers of supplier power in the confectionery market in the United States, 2024

Figure 11: Factors influencing the likelihood of new entrants in the confectionery market in the United States, 2024

Figure 12: Factors influencing the threat of substitutes in the confectionery market in the United States, 2024

Figure 13: Drivers of degree of rivalry in the confectionery market in the United States, 2024

Figure 14: United States confectionery market share: % share, by value, 2024

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