NAICS 42245 - Confectionery wholesalers
This industry comprises establishments primarily engaged in wholesaling confectioneries; salted or roasted nuts; popcorn; potato, corn, and similar chips; and/or fountain fruits and syrups.
Industry trends:
The confectionery wholesale industry (NAICS 42245) is currently experiencing several qualitative trends. Firstly, there is a noticeable shift towards premium and health-conscious products. Consumers are increasingly seeking high-quality, artisanal, and low-sugar alternatives, driving wholesalers to diversify their portfolios with organic, non-GMO, and fair-trade options. Additionally, sustainable packaging is becoming a critical factor as environmentally aware customers prefer minimal and recyclable materials.
Moreover, personalization and customization of confectionery items are on the rise, with consumers looking for unique experiences that match their preferences. This trend is pushing wholesalers to adopt more flexible manufacturing and supply chain practices.
Another significant trend is the growing popularity of online and direct-to-consumer sales channels. Wholesalers are investing in digital platforms and e-commerce capabilities to reach a broader audience and streamline their distribution processes.
Looking ahead, the industry is expected to continue evolving with advancements in technology, such as automation and AI, playing a pivotal role in enhancing operational efficiencies. In the near future, demand for plant-based and functional confectionery products, which offer health benefits beyond basic nutrition, is likely to surge as well.
Overall, confectionery wholesalers who embrace these trends and adapt to changing consumer preferences are well-positioned to thrive in the evolving market landscape.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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