DUBLIN, September 19, 2017 /PRNewswire/ --
The "Confectionery Market in the US 2017-2021" report has been added to Research and Markets' offering.
The analysts forecast the confectionery market in the US to grow at a CAGR of 1.68% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the confectionery market in the US for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of confectionery products such as chocolate confectionery, sugar confectionery, and gums sold through various retail outlets in the US, which include, but are not limited to, hypermarkets, supermarkets, convenience stores, warehouse clubs, drug stores and online channel. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is Rise in the number of strategic alliances. Confectionery manufacturers focus extensively in M&A by utilizing key strategies to acquire major share and presence in the market. The alliances of manufacturers help in the launching of their joint ventures into a separate entity.
For instance, in the first of 2017, Nuts.com, a New Jersey-based e-retailer of nuts and dried fruits announced the acquisition of Koppers Chocolate, a New York-based chocolate manufacturer. This alliance has provided Nuts.com with a varied product portfolio and a good brand value to Koppers Chocolate.
According to the report, one of the major drivers for this market is Seasonal demand for confectioneries. There is a heavy demand for candies and chocolates, as they are a major part of the US festivals. It is also a regular item on the shopping lists of many US consumers. The consumption of chocolate and other confectionery treats is associated with many events and holidays throughout the year like Valentine's Day, Halloween, Easter, Thanksgiving, and Christmas. "Trick or treat" is a Halloween special where kids go house-to-house and ask for trick/treat. The sales of confectionery products in the US shoot up during such festivals. Seasonal chocolate sales are extremely valuable.
Further, the report states that one of the major factors hindering the growth of this market is Fluctuation in the prices of raw materials. Cocoa prices have been fluctuating over the last few years. These fluctuations make chocolate production costs also volatile. Chocolate manufacturers are concerned about the fluctuating cocoa prices as they are unable to estimate their production costs on a yearly basis due to such fluctuations. Cocoa prices depend heavily on its growing conditions that keep varying each month. The spread of diseases, aging crops, and political instability in West Africa are the other factors influencing the organic cocoa prices. The recent epidemic of Ebola in Africa has also added to the soaring cocoa prices.
Other prominent vendors
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Product Type
Part 07: Market Segmentation By Distribution Channel
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Competitor Analysis
Part 12: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/4thjw2/confectionery
Laura Wood, Senior Manager
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