The Global Candy and Chocolate Manufacturing industry has grown sluggishly over the past five years. Industry revenue grew slowly over the five years to 2016 as consumers in developed markets became more attentive to sugar consumption, limiting their intake of nonchocolate candy. Although chocolate candy remains popular in both developed and emerging markets, volatile cocoa prices over the period have induced operators to lower selling prices, limiting revenue from the chocolate segment. Still, IBISWorld expects the industry to grow slightly as operators continue to cater product innovation to a health-conscious market. Moving forward, IBISWorld expects the industry to benefit from further demand from emerging markets, expanding revenue.
Industry operators purchase and process sugar, cocoa, cornstarch, nuts, fruits, emulsifiers and flavorings, to create chocolate and other confectionery products. Final industry products include chocolate, chewing gum, hard candies, marshmallows and toffee.
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.