Technavio has announced the top seven leading vendors in their recentconfectionery market in the USreport from 2016-2020. This research report also lists 38 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
The confectionery market in the US is subject to rapidly changing consumer demands and preferences, which may affect the vendors' performance in the market. Change in consumer tastes; regional, national, and local economic conditions; and demographic trends may also affect the vendors' market shares. The changing economic conditions are affecting consumers' living standards and will also affect vendors' businesses.
"Currently, the confectionery market in the US includes companies of varying sizes. These companies compete on the basis of factors such as price, quality, innovation, service, reputation, and distribution," says Vijay Sarathi, a lead analyst at Technavio for research on food
The report states that the increasing vendor competition may lead to vendors reducing their product prices, which will negatively affect vendor margins and market growth. The current market includes companies of varying sizes. Some companies are also more specialized than others with respect to particular commodities and some companies also have larger financial resources than other companies.
Request for sample report: http://goo.gl/FKsHbD
Top seven confectionery market vendors in the US
Chocoladefabriken Lindt Spruengli
Chocoladefabriken Lindt Spruengli was founded in 1845 and is headquartered in Kilchberg, Switzerland. The company along with its subsidiaries produces chocolate products worldwide. The company offers its products under the brands Caffarel, Ghirardelli, Hofbauer, Kufferle, LINDT, and Russell Stover/Whitman's.
The company carries out its business operations through three segments:
- Europe: Includes the European aggregate companies and business units
- NAFTA: Includes the aggregated companies in the US, Canada, and Mexico
- Others: Includes the aggregated companies in Australia, Japan, South Africa, Hong Kong, China, and Brazil, and also the business unit's distributors and duty-free
Ferrero
Ferrero was founded in 1946 and is headquartered in Alba, Italy. The company is a manufacturer and distributor of chocolates. The company's product portfolio includes chocolates, cream spreads, sugar confectionery, and drinks. The company is controlled by Ferrero International and operates through various subsidiaries situated worldwide.
Its products are marketed under brand names Ferrero Rocher, Raffaello, Mon Cheri, Kinder, Nutella, Tic Tac, and Liberty. It offers breath mints under the brand Tic Tac.
Hershey's
Hershey's was established in 1909 and is headquartered in Hershey, Pennsylvania, US. The company manufactures and sells chocolate candy, sugar confectionery, beverages, gum and mints, baking and pantry ingredients, and snacks in the US and worldwide. The company markets its products through more than 80 brands, which include Hershey's, Hershey's Kisses, Kit Kat, Reese's, Twizzlers, Pieces, Almond Joys, and Mounds. The company operates in the US, Europe, Asia, the Middle East, and Africa. It markets its products in around 70 countries.
Mars
Mars, a global confectionery and pet care company, was founded in 1911 and is headquartered in McLean, Virginia, US. It is one of the leading players in the confectionery market in the US. The company is engaged in the manufacture and distribution of confectionery and pet care products. Its product portfolio comprises chocolate, non-chocolate confectionery, gum, food, drinks, and pet care products. It markets its products under several global brands such as Cirkuhealth, Dove, Extra, Flavia, Mars, M&M's, Orbit, Pedigree, Royal Canin, Snickers, Uncle Ben's, Whiskas, and Wrigley's.
Mondelez International
Mondelez International was incorporated in 2000 and is headquartered in Deerfield, Illinois, US. The company manufactures and markets food and beverage products. It sells its products in more than 165 countries worldwide. Some of the well-known brands of the company include Jacobs coffee; Tang powdered beverage; Oreo, Nabisco, and LU biscuits; Milka, Cadbury Dairy Milk, and Cadbury chocolates; and Trident gum.
The company's product portfolio includes 53 brands and its brands span five sectors: biscuits; cheese and grocery; beverages; gum and candy; and chocolates.
Perfetti Van Melle
Perfetti Van Melle was founded in 2001 through the merger between Italy-based company Perfetti (founded in 1946) and Netherlands-based company Van Melle. The company is headquartered in Amsterdam, Netherlands. The company along with its subsidiaries engages in the manufacture and marketing of confectionery and chewing gum worldwide.
On June 16, 2015, the company signed a contract with a US-based candy and gift retailer, IT'SUGAR candy stores, for increasing the brand recognition of its lollipop brand, Chupa Chups.
Wm. Wrigley Jr. Company
Wrigley was founded in 1891 and is headquartered in Chicago, Illinois, US. It is one of the world's leading producers of confectionery products. The company presently operates as a subsidiary of Mars. The company is the leading vendor in the confectionery market, which includes lollipops, gum, mints, and hard and chewy candies. It has operations in more than 40 countries, including the US, Australia, Bulgaria, Canada, Malaysia, Mexico, and New Zealand.
Browse Related Reports:
- Confectionery packaging market in the US 2015-2019
- Global Food Packaging Machinery Market 2016-2020
- Global Sugar Confectionery Market 2016-2020
Purchase these three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio's reports allows you to download any three reports per month for the price of one. Contact enquiry@technavio.com with your requirements and a link to our subscription platform.
About Technavio
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160530005049/en/
Contacts:
Technavio Research
Jesse Maida
Media Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com