Industry Analysis & Industry Trends
In the five years to 2015, falling sugar prices subdued selling prices, while preference shifts and rising health consciousness among consumers have caused industry demand to fall. Industry performance is expected to improve over the next five years due to growing consolidation and innovation by major players. In particular, producers are expected to introduce healthier products to mitigate adverse perceptions toward candy. In addition, sugar prices are expected to rise slowly, boosting the selling price of candy. Still, competition from chocolates and imports will limit strong revenue growth... purchase to read more
Industry Report - Industry Analysis Chapter
The Candy Production industry manufactures a range of nonchocolate confectionery products including granola bars, jelly, marshmallows, fudge and panned candy. The industry also produces chewing gum, gum base and candied fruits and nuts. The common input to all of these products is sugar. Falling sugar prices have subdued selling prices over the past five years, while preference shifts and rising health consciousness among consumers have caused demand to fall. As a result, IBISWorld expects industry revenue to fall at an annualized rate of 2.3% in the five years to 2015, including a decline of 1.4% over 2015 bringing total revenue to $8.1 billion.
Weak demand and falling prices
The top four companies in this industry generate an estimated four-fifths of total revenue... purchase to read more