Industry Analysis & Industry Trends
The sweet tooth of US consumers kept candy producers resilient during the recession; the next five years will likely be marked by further growth. An increasingly health-conscious marketplace will encourage producers to adapt product lines to include sugar-free and low-sugar products. Furthermore, as the number of children aged 14 and under continues to shrink, candy producers will increasingly market their goods to adults. The industry will also look to foreign markets for growth as the domestic market becomes more saturated... purchase to read more
Industry Report - Industry Investment Chapter
The Candy Production industry is moderately capital-intensive; IBISWorld estimates that for every dollar spent on wages, companies will spend about $0.23 on capital in 2014.
Expensive equipment is needed to augment efficiency of production and to allow workers to perform tasks such as product sorting quickly and with more precision. The level of capital intensity varies with the size of the producer: while larger facilities spend more on capital and incur sizeable depreciation costs, small to medium-sized facilities lack the resources to invest in expensive technology, relying more heavily on manual labor operations. Still, the industry as a whole is more capital intensive than it is labor intensive, with total wage costs expected to decline to 10.7% of revenue by 2014... purchase to read more