Industry Analysis & Industry Trends
The Global Candy and Chocolate Manufacturing industry has performed well over the past five years, benefiting from an improving global economy and changing consumer tastes. As the leading confectionery consuming nations slowly recovered from the global recession, higher disposable income levels around the world allowed consumers to purchase a greater volume of confectionery and trade up to premium varieties. Nonetheless, the industry's future appears bittersweet because growth of mature markets in the United States, Europe, Japan and Australia is anticipated to slow over the next five years... read more
Industry SWOT Analysis
The Global Candy and Chocolate Manufacturing industry is in the mature stage of its life cycle. Industry value added (IVA), a measure of the industry's contribution to the global economy, is forecast to almost mirror world GDP growth in the 10 years to 2019, indicative of a mature industry. IBISWorld expects this industry's IVA to increase an annualized 2.8% over the 10-year period, compared to anticipated world GDP growth of 2.9% per year on average over the period. While the demand for candy and chocolate is expected to grow in developing countries, lower demand in mature markets will place downward pressure on the growth of this industry.
Other common characteristics of mature industries include a saturated market with a range of well-established products... read more