Industry Analysis & Industry Trends
The Chocolate and Confectionery Manufacturing industry has grown over the past five years despite the rise in health consciousness in Australia. Industry operators have benefited from a significant drop in the price of sugar over the period, allowing them to pass on the savings to their customers and increase sales. Furthermore, industry firms have increased their product diversification and introduced healthier products in line with changing consumer tastes, which has helped minimise the number of consumers switching to substitute products. As a result, industry revenue is expected to grow at an annualised 3.5% over the five years through 2015-16, to reach $6.5 billion... purchase to read more
Industry Report - Industry Analysis Chapter
Despite rising levels of health consciousness among Australian consumers over the past five years, the Chocolate and Confectionery Manufacturing industry has performed strongly. Industry operators have responded well to changing consumer tastes by diversifying product ranges and have benefited from a significant drop in the world price of sugar, which has reduced input costs. Despite these positive trends, rising imports and greater consumption of substitute products have limited demand for industry products.
Revenue and profitability
Industry revenue is estimated to grow at an annualised 3.5% over the five years through 2015-16, to reach $6.5 billion... purchase to read more