U.S. Confectionery Market Assessment and Forecasts to 2028 - The Hershey Company, Mars and Ferrero Continue to Dominate the Market

Market Overview - The US confectionery sector is projected to grow from $47.9 billion in 2023 to$56.1 billion in 2028, representing a CAGR of 3.2% [1] - In volume terms, the sector is expected to increase from 3.04 billion kg in 2023 to 3.26 billion kg, with a CAGR of 1.4% [1] Category Insights - Chocolate is the largest category in both value and volume within the US confectionery market [2] - Per capita consumption of confectionery in the US exceeds regional and global levels [3] Distribution Channels - Hypermarkets and supermarkets are the leading distribution channels, holding a value share of 38% in 2023 [3] Competitive Landscape - The Hershey Company holds a significant market position with a value share of 24.2% in 2023 [3] - Top companies in the US confectionery sector include The Hershey Company, Mars, and Ferrero [2] Market Analysis - The report includes a detailed analysis of market size, growth comparisons, and category performance [4] - It covers segment-level analysis for categories such as chocolate, gum, and sugar confectionery in both value and volume terms [5] Demographic and Economic Factors - The report analyzes key macroeconomic indicators including GDP growth, consumer price index, and demographic trends [3][5]