Industry Analysis & Industry Trends
Operators in the Chocolate and Confectionery Manufacturing industry have faced changing consumer preferences over the past five years. Growing consumer concerns about the amount of fat and sugar in foods have weakened demand for chocolate and confectionery, particularly mass-produced products, over the past five years. To combat these trends, industry participants have increased product diversification and introduced healthier products, which has helped limit the number of consumers switching to substitute products, such as fruit. In addition, consumer demand for premium products has increased over the past five years, which has provided a boost to the industry. Industry revenue is expected to grow at an annualised 2.9% over the five years through 2016-17, to reach $6.7 billion... purchase to read more
Industry Report - Industry Investment Chapter
The Chocolate and Confectionery Manufacturing industry is moderately capital-intensive. For every dollar spent on capital costs, an estimated $3.94 is spent on wages. Capital intensity varies greatly among industry players. Larger manufacturers typically invest substantial amounts of capital in machinery to automate production and reduce marginal costs. Most manufacturing plants require high capital expenditure on automated equipment and sophisticated technologies. These can increase productivity without the need for additional labour.
However, the industry also requires more labour than other food manufacturing industries due to greater product diversity... purchase to read more