Industry Analysis & Industry Trends
The Chocolate and Confectionery Manufacturing industry has remained fairly resilient over the past five years, despite a recessive economy, volatile input prices, and health and ethical issues. 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 significant growth in the sale of fair trade chocolate products. Industry revenue is estimated to increase at a compound annual 0.5% over the five years through 2013-14... purchase to read more
Industry Report - Starting a New Business Chapter
The industry displays medium barriers to entry and this trend has remained steady over the past five years. Barriers to entry vary between product segments. Chocolate manufacturing is more capital intensive and requires higher levels of investment to commence operations. In comparison, confectionery and gum production are more labour intensive and the absolute cost of entry is not prohibitive. It is therefore easier to enter the industry as a confectionery manufacturer, evidenced by the large number of players servicing this segment.
The biggest threat facing potential new entrants is the extremely well entrenched position of the industry's major players... purchase to read more