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. In addition, consumers have demanded ethical and sustainable production methods, resulting in the significant growth of fair trade and organic chocolate products. Revenue is expected 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 also expected to contribute to stronger growth of 2.2% in 2014-15, to bring revenue to $5.9 billion... purchase to read more
Industry Report - Industry Products Chapter
Industry firms manufacture a range of chocolate, confectionery and chewing gum products. The breadth of product variety in each segment has increased over the past five years, as a maturing domestic market has resulted in greater product diversification, and manufacturers have attempted to offer niche and premium products. The industry's products are divided based on the proportion of revenue that each segment is expected to generate.
Chocolate is the industry's largest product segment. A small number of extremely well-established brands that benefit from high levels of consumer loyalty dominate this segment. Major chocolate products made in Australia include Mars Bars, Kit Kats, Crunchies, Dairy Milk blocks, Smarties, M&M's and Snickers... purchase to read more