North American sugar confectionery market is estimated to grow at a CAGR of 2.9% during the forecast period. The rising prevalence of diabetes is expected to drive the demand for sugar-free confectionery products. As per the American Diabetes Association (ADA), in 2018, 10.5% of the population, or 34.2 million Americans had diabetes. In 2018, approximately 1.6 million Americans had type 1 diabetes, which includes nearly 187,000 children and adolescents. This may accelerate the demand for energy bars that contain low or no sugar and loaded with minerals and vitamins. ELAN Granola Shot Paleo Mix (Paleonola, Inc.), RXBAR Whole Food Protein Bar (Chicago Bar Company LLC), and DiabetEZE (Innova Nutrition) are some energy bars that are designed for the diabetic population.
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ELAN is developed with more than 80% nuts and seeds, including cashews, brazil nuts, and flaxseed. Pumpkin seeds, sunflower seeds, and coconut are the other ingredients. It contains 4 grams of net carbohydrates per serving. RXBAR Whole Food Protein Bar is an option that is clean and wholesome. Its ingredients comprise proteins, which include nuts and egg whites. Both ingredients are strong antioxidants. Dates and either blueberry or 100% cacao chocolate offer natural sweetness to the taste. These energy bars can be useful for the management of diet in people suffering from diabetes.
Scope of the North American Sugar Confectionery Market
Market Coverage
- Market number available for 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Product and Distribution Channel
- Countries Covered- US and Canada
- Competitive Landscape- Mondel?z International, Inc., Mars, Inc., Kind LLC, and The Hershey Co.
Recent Developments in the North American Sugar Confectionery Market
- In March 2020, Kind, Snack manufacturer declared the launch of its breakfast category with the launch of a spectrum of breakfast bars. These bars are designed for consumers who are looking for on-the-go and a healthy breakfast option. This new range will be available in three options, which include Honey Oat, Peanut Butter, and Blueberry Almond. Each bar consists of a base of five whole grains which include amaranth, buckwheat, oats, millet, and quinoa, and is soft-baked. The Honey Oat bar is the company’s first product to not contain nuts. Each bar variants are high in fiber and gluten-free, and each 50 g pack contains two bars.
- In March 2020, CORE Foods, a provider of fresh, refrigerated snacking, declared the introduction of CORE ENERGY BARS. It is a new line of plant-based bars which is filled with probiotics, prebiotic fiber, natural caffeine, and protein to offer balanced nutrition. This new line of energy bars is available in three coffee shop-inspired flavors, including Caramel Coffee Crunch, Mocha Chip Espresso, and Strawberry Basil Tea. Such new products comprise 65 mg of natural caffeine and complement the brand’s current portfolio of fresh snacking options that allow consumers to enjoy these snack bars on-the-go.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
Ø Recovery Timeline
Ø Deviation from the pre-COVID forecast
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
North American Sugar Confectionery Market-Segmentation
By Product
Chocolate
- White and Milk
- Dark
Sugar Based Food
- Boiled Sweets
- Caramels and Toffees
- Mints
- Gums and Jellies
- Others
Snack Bars
- Energy Bars
- Cereal Bars
- Others
By Distribution Channel
- Online
- Offline
Ø Supermarket/Hypermarket
Ø Convenience Stores
Ø Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
