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 Analysis Chapter
Over the past five years, the industry has remained resilient despite facing several challenges. Manufacturers have had to contend with an increasingly health-conscious marketplace, changing dietary trends, volatile input costs and rising competition. Greater consumption of healthier substitute snack foods such as cereals, nuts, yoghurt, fruit and vegetables has further limited demand for industry products.
Revenue and profitability
Industry revenue is estimated to grow at an annualised 0.6% over the five years through 2014-15, to reach $5.9 billion. Increasing demand for chocolate and confectionery products from supermarkets and grocery stores, the industry's largest market, has driven this performance over the past five years and contributed to growth... purchase to read more