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The North America Confectionery market is significantly aided by the growing USA market. The market is rapidly growing and is anticipated to reach nearly USD 28.29 billion by 2025. The Hershey Company and Mars, the leading two players, account for nearly 60% of the USA market. The leading players in the gum industry is Wrigley, accounting for over 50% the market share. Wrigley is owned by Mars as a subsidiary, incorporated in the year 2008.
The confectionery market is a large market with a huge population as its consumers. The wide range of products and flavours available in the sector attracts many consumers. confectionery is a common favourite among consumers, especially among children. The sales of gums are due to the growing consumption of gums by the younger generation. The easy availability of confectionery is also aiding the growth of the market.
The Hershey Co (NYSE: HSY), a leading key player in the North America confectionery market is one of the largest manufacturers globally. The reason for the brand to be a favourite among consumers is their innovative range of products, prepared specially to meet the customer needs. It is the preferred brand among consumers because of its cost effectiveness and great quality. Another major player, Nestlé USA’s confectionery trade was bought by Ferrero for USD 25.27 billion in 2019.
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The major players in the North America confectionery market are The Hershey Company, Ferrero SpA, Mondelez International, Inc., Mars, Incorporated, Nestlé USA, LLC, Lindt & Sprüngli, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers, acquisitions and investments, capacity expansions, and plant turnarounds.
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