Industry Analysis & Industry Trends
The Global Candy and Chocolate Manufacturing industry has grown sluggishly over the past five years. Industry revenue grew slowly over the five years to 2016 as consumers in developed markets became more attentive to sugar consumption, limiting their intake of nonchocolate candy. Although chocolate candy remains popular in both developed and emerging markets, volatile cocoa prices over the period have induced operators to lower selling prices, limiting revenue from the chocolate segment. Still, IBISWorld expects the industry to grow slightly as operators continue to cater product innovation to a health-conscious market. Moving forward, IBISWorld expects the industry to benefit from further demand from emerging markets, expanding revenue.
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Industry Key Buyers
The Global Candy and Chocolate Manufacturing industry has a low to moderate level of concentration, with the top five companies accounting for about 35.2% of industry revenue. Concentration remained relatively stagnant over the past five years. Nevertheless, the industry has experienced merger and acquisition activity over the period. For example, Mars' acquisition of Wrigley significantly boosted this company's share of industry revenue, while Nestle's merger with Yinlu gives the company greater access to the Chinese market. Furthermore, the leading companies in this industry have expanded their production facilities in developing countries to satisfy the growing demand for confectionery in the Middle East, Asia and Africa... read more