Low sugar: In 2023-24, industry revenue is forecast to fall due to economic headwinds
The Confectionery Wholesaling industry has endured a challenging operating environment. Concerns over the health problems attributed to the consumption of confectionery, like obesity, have deterred demand for several products high in sugar and fat. Many small wholesalers are operating in the industry alongside major confectionery producers' wholesale and distribution divisions, including Mondelez, Mars Wrigley Confectionery and Nestle. Revenue is expected to contract at a compound annual rate of 3.4% to £8.6 billion over the five years through 2023-24, including an anticipated 2.4% drop in 2023-24.
Operators in this industry wholesale chocolate and sugar confectionery such as chewing gum, caramels, nougats and lozenges. They also wholesale sweet bakery products. The industry excludes the wholesale of bread. Industry operators sell products to markets such as supermarkets, speciality retail outlets and convenience stores.
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.
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Nestle UK Ltd
- Mondelez UK Ltd
- Mars Wrigley Confectionery UK Ltd
- Ferrero UK Ltd
Methodology
LOADING...