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
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 about 85.2% of industry production and 86.2% of industry revenue in 2014.
Europe has historically been the largest producer of chocolate and confectionery and is expected to account for 55.0% of global production and 53.9% of revenue. Within Europe, the United Kingdom is expected to be the largest producer in the region, accounting for about 24.0% of total establishments, followed by Germany (22.0%), France (14.0%), Italy (10.0%) and Belgium (4.0%)... read more