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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 high
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