U.S. Sees $1.75 Billion in Spending for Candy & Confectionary Projects

September 19, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The sweet tooth of U.S. residents remains strong. According to the National Confectionary Association (Washington, D.C.), U.S. confectionary sales hit $48 billion in 2023, setting a new record, although this was somewhat buoyed by inflation. According to the organization, more than 98% of American consumers purchased chocolate, candy, gum and/or mints in 2023. To this end, confectionary makers are expanding their facilities throughout the U.S. to increase production of popular products and introduce new lines. Industrial Info is tracking more than $1.75 billion in active candy and confectionary production projects in the U.S., driven largely by a few key players.

Companies featured: The Hershey Company (NYSE:HSY)