Sweet deal: Consumer preference for premium products has led to revenue growth

IBISWorld’s Chocolate and Confectionery Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.


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...

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Industry Report - Industry Key Buyers Chapter

The Chocolate and Confectionery Manufacturing industry is moderately concentrated, with the four largest operators accounting for just over 40% of industry revenue. Industry concentration varies depending on the product segment. The chewing gum segment is highly concentrated, as Wrigley (owned by Mars) accounts for the majority of chewing gum production. Conversely, the chocolate segment is less concentrated and the confectionary market is considerably more fragmented. Over the past five years, industry concentration has decreased, in line with increased demand for speciality and niche products. This can be observed in the growing market share of specialised companies, such as Ferrero, and the rise in the number of enterprises that hire less than 20 staff.


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Industry Products

What is the Chocolate and Confectionery Manufacturing Industry?

Industry firms primarily manufacture confectionery, chocolate or cocoa products, with or without added sugar.

Industry Products
Chewing gum
Cocoa products
Industry Activities
Chewing gum
Cocoa product
Crystallised or glazed fruit
Drinking chocolate
Candied nut
Candied popcorn

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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