Healthy appetite: Firms develop new products to appeal to health-conscious consumers

The Confectionery Manufacturing industry has faced changing consumer preferences over the past five years. Concerns regarding obesity have encouraged consumers to adopt healthier eating patterns, with consumers monitoring the amount of sugar and fat in their diets. Consequently, this trend has weakened demand for confectionery over the five-year period. To address rising consumer concerns regarding health, industry operators have expanded product portfolios to include a range of products that appeal to the health-conscious consumer, such as sugar-free confectionery. The expansion of product lines to include sugar-free and premium industry products has helped manufacturers lessen their dependence on core products, limiting revenue declines over the period...read more.

Industry Statistics & Market Size
Revenue
$555m
Annual Growth 14-19
-1.6%
Forecast Growth 19-24
Profit
Employment
1,214
Businesses
33

Industry Threats & Opportunities

  • Industry operators have expanded product portfolios to appeal to health-conscious consumers
  • Rising health consciousness among consumers continues to weaken demand for industry products
  • Rising health consciousness is likely to continue to limit demand for industry products
  • Industry Report - Industry SWOT Analysis Chapter

    The Confectionery Manufacturing industry is in the decline phase of its life cycle. Industry value added, a measure of the industry’s contribution to the overall economy, is projected to fall by an annualised 0.7% over the 10 years through 2023-24. This represents a significant underperformance relative to the economy, with GDP forecast to grow by an annualised 2.7% over the same period. The industry is becoming increasingly concentrated, as the larger manufacturers strengthen their hold on the market, particularly in the low-value section of the industry. Increasing market share concentration has led to the exit of some small to medium-sized operators over the past five years, contributing to the decline in establishment numbers over the period. How...purchase to read more.

    Additional Insights for the Confectionery Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Confectionery Manufacturing are:

  • Economies of scale
  • Supply contracts in place for key inputs
  • Marketing of differentiated products
  • IBISWorld analysts also discuss how external factors such as Health consciousness and Demand from supermarkets and grocery stores in the Confectionery Manufacturing industry impact industry performance..

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    Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Health consciousness
  • Demand from supermarkets and grocery stores
  • Real household disposable income
  • World price of sugar

  • Current Performance
  • Revenue and profitability
  • Consumer trends
  • Adapting to health concerns
  • Industry landscape
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue and profitability
  • Industry structure
  • Innovation
  • International trade
  • Table: Confectionery Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Confectionery Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Soft Drink and Pre-Packaged Food Wholesaling
  • Supermarkets and Grocery Stores
  • Convenience Stores

  • Key Selling Industries
  • Paper Product Wholesaling
  • Sugar Manufacturing

  • Products & Services
  • Hard confectionery
  • Soft confectionery
  • Mints
  • Other
  • Chart: Confectionery Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Retailers
  • Wholesalers
  • Export markets
  • Chart: Major Market Segmentation for the Confectionery Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Confectionery Manufacturing

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Confectionery Manufacturing Industry

  • Industry Globalization
    Nestle Australia Ltd, Mondelez Australia Holdings Pty Ltd, Wrigley Uno 2 Australia Pty Limited,
  • Table: Nestle Australia Ltd - financial performance
  • Table: Mondelez Australia Holdings Pty Ltd - financial performance
  • Table: Wrigley Uno 2 Australia Pty Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Confectionery 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 Confectionery Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Enhanced Project By-Laws Scheme (Epbs)
  • A now-ended industry assistance scheme that allowed duty-free importation of capital equipment that was not made in Australia or was technologically superior to Australian made equipment.
  • Food Standards Australia New Zealand
  • The agency responsible for developing and administering requirements for food safety and labelling in Australia and New Zealand.
  • Glucose
  • A type of sugar that is an important source of energy and a component of many carbohydrates.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Confectionery Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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 Confectionery 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 Confectionery 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 Confectionery Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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