Changing consumer preferences are challenging the Confectionery Manufacturing industry. Concerns regarding obesity have encouraged consumers to adopt healthier eating patterns, with more consumers monitoring the amount of sugar and fat in their diets. Healthier eating habits mean that fewer Australians are buying confectionery. To address rising consumer health concerns, confectionery manufacturers have expanded product portfolios to include products that appeal to health-conscious consumers, like sugar-free confectionery. Healthier options are limiting declines in confectionery sales. Additionally, sales of low-cost confectionery increased during the COVID-19 pandemic, which limited declines in revenue. Industry revenue has declined at an annualised 0.2% over the five years through 2022-23, to an anticipated $596.7 million. This includes an expected fall of 1.8% in 2022-23, with rising health consciousness and falling incomes leading to fewer people buying confectionery. Industry firms primarily manufacture confectionery. The industry excludes firms that manufacture chocolate and chewing gum. 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.Sweet and sour: Rising health awareness and competition are chewing through industry participation
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Nestle Australia Ltd
- Mondelez Australia Holdings Pty Ltd
- Mars Wrigley Australia Holdings Pty Ltd
Methodology
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