Industry Analysis & Industry Trends
Sustained demand for confectioneries helped this industry achieve a swift recovery from the recession, even while volatile input prices at the manufacturing level dampened profit margins. Operators in the Confectionery Wholesaling industry benefited from rapidly rising demand for premium products such as dark chocolate, which have grown in importance as increased health consciousness among consumers cuts into sales of traditional candies. This trend is expected to continue in the next five years, with wholesalers increasingly relying on sales of high-margin chocolates and candies, which are moving into the mainstream from the shelves of niche specialty shops... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Confectionery Wholesaling industry is in the mature stage of its life cycle. Industry value added (IVA), which measures an industry's contribution to the overall economy, is forecast to increase at an annualized rate of 2.4% over the ten years to 2019. In comparison, gross domestic product (GDP) is projected to grow 2.5% per year on average during the same 10-year period.
Consolidation within this industry is primarily driven by merger and acquisition activity. For example, major company Mars Inc. acquired leading chewing gum producer Wrigley in 2008, which represented the single-largest merger in confectionery history. Likewise, Hershey acquired Brookside Foods in 2011, which increased the company's share of the chocolate market... purchase to read more