Candy Manufacturing Report Summary

SIC Codes: 2064 2066
NAICS Codes: 311340 311351 311352

Chapters Include

  • Industry Overview
  • Quarterly Industry Update
  • Business Challenges
  • Trends and Opportunities
  • Call Preparation Questions
  • Financial Information
  • Industry Forecast
  • Website and Media Links
  • Glossary of Acronyms

Candy Manufacturing Industry Overview

Excerpt from Candy Manufacturing Report

The candy manufacturing industry includes three major segments: companies that make chocolate from beans, companies that use purchased chocolate to make candies, and companies that make nonchocolate candy. Major companies include Hershey, Mars, and Mondelez International, all based in the US; as well as Barry Callebaut, Lindt, and Nestlé (all based in Switzerland); Ferrero (Italy); and Meiji (Japan).

Competitive Landscape

Candy manufacturers are developing new product lines and revamping their marketing strategies to capitalize on the growing popularity of healthier snacks and gourmet confections. Small and independent candy makers that sparked the early growth of those segments are now fending off competition from major manufacturers that have been making acquisitions and reformulating recipes in an effort to gain market share.

Products, Operations & Technology

Chocolate candies account for about 60% of US confectionery sales, nonchocolate candy for about 30%, and gum for about 10%, according to the National Confectioners Association. Nonchocolate candies include a wide variety of products, such as jellybeans, gummies, mints, and hard candies. Within the chocolate segment, about 75% of revenue is generated by companies that purchase chocolate from other sources, while manufacturers that process their own cacao beans account for the remaining 25%.

Buy Now
Start Live ChatChat

*Required Fields

FREE Alerts to Changes in Your D&B® Credit Scores!* Sign Up. Get CreditSignal® for FREE!*
Try D&B Credit FREE for 30 Days! Get Started. Try D&B Credit FREE for 30 Days