Industry Analysis & Industry Trends
The Global Candy and Chocolate Manufacturing industry has grown sluggishly over the past five years. Although chocolate candy remains popular in both developed and emerging markets, falling cocoa prices over the period have induced operators to lower selling prices, limiting revenue from the chocolate segment. In the coming years, the industry will benefit from further demand from emerging markets. Additionally, demand for premium confectionery will continue to grow in saturated regions like North America and Europe. To drive demand in these mature markets, companies will continue to develop new flavors and products that appeal to health-conscious consumers... read more
The geographic spread of firms in the Global Candy and Chocolate Manufacturing industry is largely concentrated within the Europe and North America regions, where consumers are more affluent and can more easily afford discretionary confectionery products. IBISWorld estimates that these two regions will account for just under three quarters (73.1%) of industry revenue in 2015.
Europe has historically been the largest producer of chocolate and confectionery and is expected to account for 42.8% of global production in 2015. Within Europe, Germany is expected to be the largest producer in the region, followed by the United Kingdom, France, Italy, Poland, Belgium and Switzerland... read more