Friday, October 30, 2020

FUN Friday: CANDY $10 Billion Industry



This article came across my desk this morning from ThomasNet,  and thought it might be great to share.

The mere mention of candy can bring a smile to a person’s face, from babies to grandmas; age is not a factor where candy lovers are concerned. Just look to two former U.S. Presidents to prove this point. President Nixon was known to love Milky Way bars, often consuming them at breakfast. Jelly beans were the candy of choice for President Reagan, who served more than 3 tons at his inauguration.

It’s no wonder that the U.S. candy industry is projected to have a revenue of $10 billion in 2020. The largest candy producer in the world, the Mars Wrigley Confectionery U.S. division of Mars Inc, boasted $18 billion in net sales in 2018. 

Taking a Bite out of the Candy Industry: Sweet Facts

1. Cotton candy was invented by a dentist

Since our younger days, we’ve all heard that candy and cavities go hand in hand, so it’s surprising to note that cotton candy was formulated in 1897 by a dentist, William Morrison, and confectioner John C. Wharton. Together they invented the machine that employed centrifugal force to transform sugar into cotton-like strands. They referred to the finished product as Fairy Floss, and it would not be known as cotton candy until the 1920s.

2. Tootsie Rolls were used for soldier rations

Tootsie Rolls were given to American soldiers during World War II as part of their rations, due to the candy’s ability to endure nearly any harsh weather conditions. Interestingly, Tootsie Rolls played a part in not only World War II but also the Korean War. U.S. soldiers would use the phrase "tootsie roll" as a code name for mortar shells. They also used the candy to patch up fuel line holes in vehicles

3. Some candy can be “healthy”

There are some candies that you can indulge in that are free of fat and cholesterol. Licorice, lollipops, gummies, sour candy, and candy canes all fall into this category. Chocolate lovers would be pleased to know that dark chocolate rates highly for its health benefits. Once not loaded with sugar, dark chocolate can improve heart health and is filled with antioxidants.

4. The world’s most expensive chocolate bar can cost you

The Art Series blend chocolate bar is priced at $685 and is created by To’ak, an Ecuadorian chocolate company. The price tag is driven up by the four-year aged cacao beans used, which are quite rare. This elite bar is sold on the company’s website and also at retailers, including Harrods in London and 2beans in New York. The company’s previous versions retailed at $385. 

 

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