North America Marshmallow Market

North America Marshmallow Market Size, Share, Growth Analysis, By Product Type(Flavored, Unflavored (Plain)), By Distribution Channel(Supermarkets/Hypermarkets, Specialty Stores), By Nature(Vegan, Organic) - Industry Forecast 2024-2031

Report ID: SQMIC30I2387 | Region: Country | Published Date: February, 2024
Pages: 165 | Tables: 91 | Figures: 74

North America Marshmallow Market News

  • In July 2022, the online store for Hotel Tango has been introduced with Shmallow Toasted Marshmallow Bourbon. The 60-proof whiskey has a smoky flavour with hints of marshmallow and caramelised sugar, as stated in the website page.
  • In June 2022, the latest flavour of Coke is fruity Marshmello, and marshmallow Starlight. Beginning on July 11, the new flavor—which is also offered in a zero-sugar version—will be accessible in the US.
  • In June 2022, LCMs, the beloved snack bar for kids, is a famous lunch box brand that Kellogg's Australia has launched a new line of. The new line comes in two new delectable flavours of marshmallows and has 25% less sugar than comparable LCM bars.
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North America Marshmallow Market size was valued at USD 340.25 billion in 2019 and is poised to grow from USD 362.7 billion in 2023 to USD 604.79 billion by 2031, at a CAGR of 6.60% during the forecast period (2024-2031).

By making investments in R&D, incorporating cutting-edge technology into their products, and releasing updated items for the market, the players continue to dominate the north america marshmallow market. Different tactics are used, such as entering into agreements, mergers, and collaborations.The major players in the Marshmallow market include Mondelez International, Inc. (Chicago, United States), General Mills, Inc. (Minnesota, United States), Doumak, Inc. (Illinois, United States), North Mallow (Minnesota, United States), Just Born, Inc. (Pennsylvania, United States), Chicago Vegan Foods (United States), Stuffed Puffs, LLC (Pennsylvania, United States), Madyson’s Marshmallow (Washington, United States), Hammond’s Candies (Colorado, United States), Kitchening & Co. (Vancouver, Canada). To gain a competitive edge and solidify their market positions, these industries are exploring a range of growth strategies. 'Kraft Foods Group Inc. ', 'Mondelez International Inc. ', 'Doumak Inc. ', 'Just Born Quality Confections', 'Campfire Marshmallows', 'Plush Puffs Gourmet Marshmallows', 'Fireside Marshmallows', 'Smashmallow Sweet & Sara', 'Jet-Puffed Marshmallows', 'Mellows Ghost Sweets', 'SmashMallow', 'Dandies Marshmallows', 'XO Marshmallow', 'Candy Kittens', 'Madyson's Marshmallows', '240sweet', 'Wondermade', 'Gourmet Trading Co.'

The most important factors driving the global marshmallow market are the increasing demand for candies made with marshmallow. The global marshmallow industry is seeing an increase in demand for non-chocolate candies such gummy bears, liquorice, and other items.

Popularity of vegan marshmallows is rising - Increased purchasing power brought on by growing income pools is a key growth accelerator that drives rising demand. Doumak and Dandies Vegan Marshmallows, for instance, are rapidly expanding into lucrative markets all across the developing globe.While a substantial section of the world's population has a moderate income, vegan marshmallows with a low price tag are anticipated to stay popular. 

Currently, the U.S. dominates the market in the area, with sales of more than USD 262.7 million in 2021. This is due to the fact that the confectionery sector plays a significant role in both the national food culture and the trends in American food consumption. One of the key factors propelling the global market is the geography. The nation's customers have developed a strong affection for this traditional snack, using it to make pastries, add to hot chocolate, and as a popular snack option. To meet changing consumer tastes and preferences, several small and large bakeries in the US and Canada are expanding their product lines with vegan cakes and pastries, which is good news for this north america marshmallow market. The increased customer preference for convenient snacks and non-chocolate confectionery items has also increased the product's consumption in the U.S.

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