Over the past five years, the Chocolate Production industry has benefited from trends including improving disposable incomes, greater demand for premium chocolates and vibrant export markets. However, other trends, including volatile cocoa prices and rising health consciousness, have limited industry growth. In addition, rising health consciousness has driven numerous consumers, especially in the younger generation, away from products laden with sugar and saturated fat and toward healthier alternatives. Going forward, IBISWorld expects this industry to benefit from improvements in discretionary income and the strongest growth in demand will occur for premium, dark and organic chocolates.
Operators in this industry process cacao beans and other ingredients into chocolate and chocolate-based candy. Products include chocolate candy bars, boxed chocolates and chocolate-covered nuts.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.