National Confectioners Association Launches Research Report
The National Confectioners Association (NCA) has published a new original research report, titled “Sweet Insights: State of Treating 2020”, at the annual State of the Industry Conference.
The report combines shopper insights and sales results to provide a dynamic and comprehensive look at the confectionery industry. The report is the first of its kind, offering an integrated look at the confectionery shopper and the trends impacting confectionery industry purchasing patterns.
“Consumers are looking for experiences, and we know that chocolate, candy, gum, and mints provide that special and unique quality for our retail partners. Retailers are working with us to make sure that we are delighting their shoppers’ everyday – on the shelves or virtual shelves in every place they shop – and the State of Treating report proves just that,” John Downs, president and CEO of NCA, said.
The industry continues to be a bright spot in the economy, generating USD37.5bn in retail sales in 2019 and making the confectionery category the fourth largest across food retail channels. For the State of Treating, NCA and 210 Analytics surveyed more than 1,500 adults on what products they buy and why resulting in clear confirmation that chocolate, candy, gum, and mints are an essential part of their lives and emotional well-being. Almost 90% of people agree that good emotional well-being leads to better physical well-being leading to a happy life.
“Whether it’s a moment of celebration with loved ones or a sweet moment to yourself, we have found that the confectionery category can and will continue to play an important role in people’s emotional well-being. I am proud of our industry’s commitment to meeting consumers where they want to be met and providing them with information, options and support as they enjoy their favorite treats,” Downs said.
The State of Treating report was released against the backdrop of a newly-established strategic plan for the association. Titled “Thrive in 2025”, it sets the direction of the association over the next five years and outlines a new bold mission and vision. The plan sets new goals for NCA, including strengthening its advocacy and communications capabilities, identifying the disruptive trends of the future, and developing positive and meaningful thought leadership.