From record product launches to multimillion-dollar expansions, what a sweet year it was for candy manufacturers.
As consumers’ demand for candy products continues to surge, America’s confectioners are gladly taking advantage of this growing market. And America’s 142,000 sugar farmers and workers are thankful to be a part of their success story.
Ferrero USA saw wild success in 2018 with more than 90 million Kinder Eggs sold in the United States. The president and CEO of Ferrero described this growth as “more dramatic than expected,” necessitating a 67,000-square-foot expansion in New Jersey.
Confectionary powerhouse Mars Wrigley also announced multiple investment projects across the country.
Mars Wrigley broke ground in February on a $30 million, 65,000-square-foot expansion at a plant in Waco, Texas that produces Snickers, Skittles, and Starbursts. A spokesman credited this expansion to the growing popularity of these candy products, saying that “the brands produced in Waco have seen fantastic growth.”
In October, Mars Wrigley announced they would be spending $142 million to invest in personnel and upgrade manufacturing capabilities in Cleveland, Ohio in order to support a brand new product: Hazelnut Spread M&M’s.
And October brought more cheers than scares for Hershey’s when the candy company announced that they expected to hit their first-ever $600 million Halloween season.
These record profits would not be possible without the hard-working men and women who produce America’s sugar under some of the highest labor and environmental standards in the world, setting the gold standard for sustainable sugar production.
And a vibrant U.S. sugar industry would not be possible without a no-cost sugar policy that levels the playing field against market-depressing foreign subsidies.
With all the expansion projects and economic growth, it makes you wonder why Big Candy companies are still complaining about a sugar policy that’s widely supported by Congress.
Here’s hoping that 2019 is as successful as last year for confectioners – and here’s hoping that success extends throughout their entire domestic supply chain.