Navigation Links
Global Candy and Chocolate Manufacturing Industry Market Research Report from IBISWorld has Been Updated
Date:12/16/2012

Los Angeles, CA (PRWEB) December 16, 2012

Over the past five years, the Global Candy and Chocolate Manufacturing industry has been resilient to the wave of health-consciousness that has swept through developed nations, causing consumers to be wary of sugar-rich foods, including candy and chocolate. “Industry firms have been successful in developing new products that appeal to health-conscious consumers, keeping demand buoyant,” says IBISWorld industry analyst Olivia Tang. “The industry even stayed strong amid low consumer spending in a distressed global economy.” Although candy and chocolate are considered discretionary goods, consumers saw these products as a small, inexpensive treat to provide temporary escape from financial difficulties and other struggles that paralleled the difficult economic period. As the economy recovers, consumers will gain more disposable income and increase spending on industry goods, especially premium chocolates, which are anticipated to facilitate a 1.3% revenue boost in 2012. As a result of these factors, revenue is expected to rise at an annualized rate of 2.0% to $117.6 billion during the five years to 2012.

While revenue grew steadily over the past five years, profit was volatile due to fluctuating commodity costs. Sugar and cocoa, the Global Candy and Chocolate Manufacturing industry's most basic inputs, experienced double-digit spikes each year for most of the period. For the most part, “major companies were able to pass on cost increases more effectively than smaller firms due to higher brand loyalty,” Tang says. “Even for these firms, though, the recession made it difficult to fully pass on these costs to customers, and profit was squeezed through 2009.” In response, manufacturers have invested in more technology to improve operational efficiencies, reducing dependence on labor. Major companies like Kraft Foods Inc., Mars Inc., Nestle SA, Ferrero SPA and The Hershey Company wield significant power in the global market and have the ability to dictate direction and trends. However, the industry has a vast number of niche, small- to medium-size players (especially in Europe) that are still able to operate globally. In 2012, for instance, about 9,788 establishments are expected to be involved in cocoa, chocolate or sugar confectionery manufacturing globally.

In the next five years, global economic conditions are forecast to continue improving, allowing consumers in both developed and developing countries to afford more confectioneries, notably higher-margin premium chocolates. Producers will benefit from the projected surge in per capita consumption of candy and chocolate in developing countries like China and Russia, while also continuing to introduce new products to saturated markets like North America and Europe. To drive demand in these mature markets, firms will develop healthy products and new flavors to reignite demand. For more information, visit IBISWorld’s Global Candy and Chocolate Manufacturing industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

Firms in the Global Candy & Chocolate Manufacturing industry purchase and process sugar, cocoa, cornstarch, nuts, fruits, emulsifiers and flavorings as inputs for chocolate and confectionary production. Final products include chocolates, chewing gum, hard candies, marshmallows, toffee, gummies among others, which are then sold to downstream wholesalers and retailers.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique industry information and analysis. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2012/12/prweb10242360.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. NIH awards $20 million over 5 years to train next generation of global health researchers
2. Canada should play a role in addressing the global cancer epidemic
3. Global cardiology leaders meet in Dubai
4. Global, common approach to pharmaceutical supply chain integrity the focus of workshop
5. International breast health global summit will focus on supportive care and quality of life
6. Scientists rewrite rulebook on breast cancer in landmark global study
7. Global CVD leaders call the world to action - 25 by 2025 - from the World Congress of Cardiology
8. Centre for Global Non-Communicable Diseases launched to tackle killer diseases
9. UCLA researchers combat global disease with a cell phone, Google Maps and a lot of ingenuity
10. New study identifies how information technology is used to solve global health challenges
11. New global report says US lags behind 130 other nations in preterm birth rate
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/25/2016)... (PRWEB) , ... May 25, 2016 , ... ... planning services and products in the developing world, is pleased to release their ... prevent over 5 million unwanted pregnancies, almost 14,000 maternal deaths and 3.8 million ...
(Date:5/25/2016)... , ... May 25, 2016 , ... ... Clearinghouse supporting the real time adjudication of medical service claims by Pharmacy Benefit ... their current medical claims management software. The TransactRx Cross Benefit Clearinghouse receives standard ...
(Date:5/25/2016)... ... , ... The University of San Francisco (USF) has named Margaret Wooding Baker ... of more than 100 full-time faculty and staff, and serve as a member of ... , Baker comes to USF from the University of Washington in Seattle, where she ...
(Date:5/25/2016)... ... May 25, 2016 , ... Laser Skin & Wellness Center ... hands of time of female aging. The Juliet™ procedure helps to ... such as leakage, laxity, itchiness and pain have reported real relief from these and ...
(Date:5/25/2016)... ... May 25, 2016 , ... Researchers from SUNY State ... Meeting for their work on visual evoked potential and human attention. The article, ... used the Diopsys® NOVA™ ERG and VEP Vision Testing System (Diopsys, Inc., ...
Breaking Medicine News(10 mins):
(Date:5/24/2016)... 2016   , Study ... overall bowel cleansing and superiority in , ... of the ascending colon ... Norgine B.V. today announced new positive data from the ... bowel preparation) versus standard 2 litre PEG with ascorbate. The study ...
(Date:5/24/2016)... N.J. , May 24, 2016 ... oncology drug development company, today provided an update ... dose escalating clinical trial combining GEN-1, the Company,s ... the treatment of newly-diagnosed patients with advanced ovarian ... interval debulking surgery.  GEN-1 is an IL-12 DNA ...
(Date:5/24/2016)... , May 24, 2016 ... ™ , la première endoprothèse ... cathéters destinés à l,intervention portant sur les ...   OrbusNeich, entreprise mondiale spécialisée ... de changer la vie, a élargi son ...
Breaking Medicine Technology: