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 Key Buyers Chapter
The industry exhibits a high level of market share concentration. The industry's four largest players are estimated to generate just over 70.0% of total revenue in 2014-15. This concentration is due to an increase in acquisitions and organic growth among the industry's major players over the past five years. Growth has been driven by continued product innovation, strong brand loyalty and aggressive marketing. Market share concentration also varies depending on product segment and company size. A few foreign-owned firms, primarily Mondelez, Nestle and Mars, dominate the chocolate manufacturing segment.
Chewing gum manufacturing is also highly concentrated, as Wrigley (owned by Mars) accounts for the majority of chewing gum production... purchase to read more