Industry Analysis & Industry Trends
The Chocolate and Confectionery Manufacturing industry has remained fairly resilient over the past five years. Increasing health consciousness has required manufacturers to be innovative with their product lines and adapt to shifting consumer demands. Consumers have demanded ethical and sustainable production methods, resulting in the significant growth of fair-trade and organic chocolate products. Revenue is estimated to increase at a compound annual rate of 0.6% over the five years through 2014-15. Greater demand for industry products from supermarkets and grocery stores, and rising household discretionary income have underpinned this growth. These trends are expected to contribute to stronger growth of 2.2% in 2014-15, with revenue reaching $5.9 billion... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in the mature stage of its economic life cycle. Demand for chocolate and confectionery products has grown stagnantly over the past five years as consumers have become more health consciousness. As a result, many customers have sought healthier snack food alternatives to chocolate and confectionery such as yoghurt, fruit and vegetables. Product development in low-fat and sugar-free segments has stimulated some growth in the industry over the past five years.
Industry value added (IVA) is used to measure an industry's contribution to the overall economy. IVA is forecast to increase at a compound annual rate of 2.4% over the 10 years through 2019-20... purchase to read more