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Global Candy & Chocolate Manufacturing - Industry Market Research Report

  • ID: 4061473
  • Report
  • July 2021
  • Region: Global
  • 57 Pages
  • IBISWorld
Bittersweet: Operators will turn to product innovation to drive demand in mature markets

FEATURED COMPANIES

  • Ferrero SpA
  • Mars Incorporated

Global Candy & Chocolate Manufacturing

The Global Candy and Chocolate Manufacturing industry has grown sluggishly over the five years to 2019 as product prices declined but demand grew mildly across the industry. Chocolate consumption has remained strong in developed markets, such as Europe and North America, but the sugar confectionery consumption declined as health consciousness has driven more consumers away from sugar products. Developed markets remain the most prominent producers and consumers of candy and chocolate. These regions have experienced tepid growth overall with the candy segment struggling, but the chocolate segment remaining strong with robust consumption and trade volumes growing. The industry is expected to benefit from continual growth in emerging markets, improving trade and prices for sugar confectionery and chocolate. Additionally, demand for premium confectionery goods will likely continue to grow in saturated regions, such as North America and Europe.

Operators in the Global Candy and Chocolate Manufacturing industry 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.

Global Candy & Chocolate Manufacturing

The Global Candy and Chocolate Manufacturing industry has grown sluggishly over the five years to 2019 as product prices declined but demand grew mildly across the industry. Chocolate consumption has remained strong in developed markets, such as Europe and North America, but the sugar confectionery consumption declined as health consciousness has driven more consumers away from sugar products. Developed markets remain the most prominent producers and consumers of candy and chocolate. These regions have experienced tepid growth overall with the candy segment struggling, but the chocolate segment remaining strong with robust consumption and trade volumes growing. The industry is expected to benefit from continual growth in emerging markets, improving trade and prices for sugar confectionery and chocolate. Additionally, demand for premium confectionery goods will likely continue to grow in saturated regions, such as North America and Europe.

Operators in the Global Candy and Chocolate Manufacturing industry 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.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Ferrero SpA
  • Mars Incorporated

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 Globalization

MAJOR COMPANIES
OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance

KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios

JARGON & GLOSSARY
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Mars Incorporated
  • Ferrero SpA
  • Mondelez International Inc.
Note: Product cover images may vary from those shown

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