Bittersweet: Operators will turn to product innovation to drive demand in mature markets

The Global Candy and Chocolate Manufacturing industry has grown sluggishly over the five years to 2017, as consumers in developed markets became more attentive to sugar consumption, limiting their intake of nonchocolate candy. Nonetheless, emerging markets have become increasingly important to the industry. Over the five years to 2022, IBISWorld expects the industry to benefit from further demand from emerging markets. Additionally, demand for premium confectionery goods will continue to grow in saturated regions. To drive demand in these mature markets, companies will continue to develop new flavors and products that appeal to health-conscious consumers...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Developed markets are the most prominent industry producers and consumers, but emerging markets are growing as consumers
  • Revenue gains from the chocolate segment have been subdued due to intermittently falling cocoa prices over the five-year period
  • The growing incidence of diseases like diabetes and hypertension will cause consumers to limit their intake of sugary foods
  • Industry Report - Industry Analysis Chapter

    The Global Candy and Chocolate Manufacturing industry has grown slowly over the five years to 2017. Despite an improving global economy, increasing health consciousness in Europe and North America has pushed some consumers away from sugar-rich candy. Despite the enduring popularity of chocolate, volatile cocoa prices over the five years to 2017 have subdued revenue gains from the chocolate segment. Fortunately for operators, demand from emerging markets will remained strong, propelled by rising disposable incomes and a growing snacking culture. In response to health concerns in mature markets, the leading confectionery producers are introducing new products, including low-calorie sweets; specialty producers of chocolate and candy are also emerging. Ove...purchase to read more.

    Additional Insights for the Global Candy & Chocolate Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Global Candy & Chocolate Manufacturing Industry are

  • Membership of an industry organization
  • Economies of scope and scale
  • Ability to adapt to change
  • IBISWorld analysts also discuss how external factors such as Global consumer spending and GDP of the European Union in the Global Candy & Chocolate Manufacturing industry impact industry performance..

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    What's in this report

    What is the Global Candy & Chocolate Manufacturing Industry?

    Industry operators purchase and process sugar, cocoa, cornstarch, nuts, fruits, emulsifiers and flavorings, to create chocolate and other confectionery products. Final industry products include chocolate, chewing gum, hard candies, marshmallows and toffee.

    Industry Products
  • Chocolate confectionery
  • Nonchocolate confectionery
  • Gum
  • Industry Activities
  • Manufacturing chocolate confectionery
  • Manufacturing nonchocolate confectionery
  • Manufacturing chewing gum
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Global consumer spending
  • GDP of the European Union
  • World price of sugar
  • Global number of people aged 15 to 34

  • Current Performance
    Consumption trendsVolatile pricesEmerging markets
  • Chart: Revenue Growth

  • Industry Outlook
    Health trendsEmerging economiesPrices and profit margins
  • Table: Global Candy & Chocolate Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Global Candy & Chocolate Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Global Bakery Goods Manufacturing
  • Global Convenience Store Chains
  • Global Supermarkets
  • Global Hotels & Resorts
  • Global Fast Food Restaurants

  • Key Selling Industries
  • Global Cardboard Box & Container Manufacturing
  • Global Milk & Cream Manufacturing
  • Global Sugar Manufacturing
  • Other Global Food Product Manufacturing

  • Products & Services
  • Chocolate confectionery
  • Nonchocolate confectionery
  • Gum
  • Chart: Global Candy & Chocolate Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Changing consumer lifestyles
  • Product innovation
  • Pricing and distribution
  • Substitutes

  • Major Markets
  • Confectionery wholesalers
  • Supermarkets and grocery stores
  • Food manufacturers
  • Hospitality trade
  • Discount stores
  • Direct to public
  • Chart: Major Market Segmentation for the Global Candy & Chocolate Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Marketing
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Global Candy & Chocolate Manufacturing

  • Basis of Competition
  • Quality
  • Price
  • Distribution
  • Innovation and differentiation

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Global Candy & Chocolate Manufacturing Industry

  • Industry Globalization
    Mars Inc., Mondelez International Inc., Nestle SA, The Hershey Company, Ferrero S.p.A.,
  • Table: Mars Inc. - financial performance
  • Table: Mondelez International Inc. - financial performance
  • Table: Nestle SA - financial performance
  • Table: The Hershey Company - financial performance
  • Table: Ferrero S.p.A. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Global Candy & Chocolate Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Global Candy & Chocolate Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • World price of sugar (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Efs Network
  • A neutral network that provides internet-based supply-chain management products and services.
  • Fair Trade
  • Fair trade chocolate aims to better trading conditions and promotes sustainability in developing countries.
  • Organic Chocolate
  • Chocolate that is produced without the use of pesticides, herbicides, artificial fertilizers and other potentially harmful chemicals.
  • What Our Customers Say

    Why buy this report?

    The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global Candy & Chocolate Manufacturing global market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report focuses on industry performance in key regions around the world and identifies the leading companies globally.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Global Candy & Chocolate Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Global Candy & Chocolate Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Global Candy & Chocolate Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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