- North America confectionery sales increased from just over $26 billion in 2008 to a record $37.8 billion in 2019.
- The compound annual growth rate (CAGR) of total North America confectionery product sales for that period was 3.4%.
- The US accounted for more than 75% of North America confectionery sales in 2019, followed by Mexico with about 15% and Canada about 10%.
- Although sugar prices increased from the previous study, increases in other operational costs were much higher especially for labor and employer paid health care.
IHS Markit reports, data and information referenced herein (the “IHS Markit Materials”) are the copyrighted property of IHS Markit Ltd. and its subsidiaries (“IHS Markit”). The IHS Markit Materials are from sources considered reliable; however, the accuracy and completeness thereof are not warranted, nor are the opinions and analyses published by IHS Markit representations of fact. The IHS Markit Materials speak as of the original publication date thereof and are subject to change without notice. IHS Markit and other trademarks appearing in the IHS Markit Materials are the property of IHS Markit or their respective owners.
IHS Markit is part of S&P Global Commodity Insights, a business division of S&P Global Inc. (“SPGI”). SPGI also has the following divisions: S&P Dow Jones Indices, S&P Global Engineering Solutions, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Ratings, each of which provides different products and services. SPGI keeps the activities of its business divisions separate from each other in order to preserve the independence and objectivity of their activities in accordance with the S&P Global Divisional Independence and Objectivity Policy.
Commodity Insights publishes commodity information, including price assessments and indices. Commodity Insights maintains clear structural and operational separation between its price assessment activities and the other activities carried out by Commodity Insights (including IHS Markit) and the other business divisions of SPGI to safeguard the quality, independence and integrity of its price assessments and indices and ensure they are free from any actual or perceived conflicts of interest.
The IHS Markit Materials should not be considered investment advice or any form of recommendation to buy, sell or subscribe for any securities or make any other investment decisions or regarding IHS Markit’s customer’s corporate or legal structure, assets, liabilities or activities. IHS Markit Materials should not be relied on in making any investment or other decision.