Sweet tooth: Industry revenue is forecast to grow over the next five years as output increases

The Chocolate and Confectionery Production industry is broken down into three subclasses: cocoa product production, sugar confectionery manufacturing and chewing gum production. Factors such as increasing health consciousness, volatile input prices, and increasing competition from imported products have contributed towards downward pressure on industry revenue over the past five years. The organic and fair-trade movements have gathered momentum over the past decade, which has created some niche segments and contributed to vegan and reduced sugar products being produced more widely by industry operators. Chocolate with a high cocoa content has also risen in popularity over the period, as it is perceived as healthier compared with milk or white chocolate...read more.

Industry Statistics & Market Size
Revenue
£3.5bn
Annual Growth 14-19
-3.2%
Forecast Growth 19-24
Profit
Employment
19,261
Businesses
411

Industry Threats & Opportunities

  • Industry revenue has declined overall, but export revenue was boosted by the weak pound
  • Increasing consumer interest in ethical sourcing made sustainable chocolate more widely available
  • The UK’s chocolate production capacity could shrink if companies move more operations overseas
  • Industry Report - Industry Key Buyers Chapter

    The Chocolate and Confectionery Production industry is estimated to have a low level of concentration as the four largest manufacturers are expected to account for 29.1% of industry revenue. However, market share concentration varies depending on product segment. While the three major players dominate chocolate production, the sugar confectionery segment is much less concentrated. Despite the strong position of the major chocolate producers, smaller artisan chocolate producers have thrived thanks to demand for high-quality premium products made using ethically sourced ingredients. This has been particularly pronounced as some of the largest players have been embroiled in scandals over the period, leading to consumers boycotting their products. In ...purchase to read more.

    Additional Insights for the Chocolate & Confectionery Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Chocolate & Confectionery Production Industry are

  • Marketing of differentiated products
  • Economies of scope
  • Ability to pass on cost increases
  • IBISWorld analysts also discuss how external factors such as World price of cocoa and Consumer confidence index in the Chocolate & Confectionery Production industry impact industry performance..

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    What's in this report

    What is the Chocolate & Confectionery Production Industry?

    This industry is broken down into three subclasses: cocoa product production, sugar confectionery manufacturing and chewing gum production. Cocoa products include chocolate, cocoa butter, cocoa fat and cocoa oil. The sugar confectionery segment covers the production of caramel, nougat, lozenges, toffee and fondant.

    Industry Products
  • Chocolates and chocolate bars and blocks
  • Sugar confectionery
  • Bulk chocolate and food and drink preparations
  • Filled chocolate
  • Gum
  • White chocolate
  • Industry Activities
  • Chocolate
  • Cocoa product
  • Chewing gum and bubblegum
  • Sugar confectionery
  • Preserving fruit, nuts and fruit peel in sugar
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • World price of cocoa
  • Consumer confidence index
  • Real household disposable income
  • Demand from supermarkets

  • Current Performance
  • International operations
  • Changing tastes
  • Volatile inputs
  • Chart: Revenue Growth

  • Industry Outlook
  • Production capacity
  • Chocolate innovation
  • Cocoa costs
  • Table: Chocolate & Confectionery Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Chocolate & Confectionery Production Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Bread & Bakery Goods Production
  • Biscuit Production
  • Confectionery Wholesaling
  • Supermarkets
  • Bakery Product Retailing
  • Hotels
  • Food-Service Contractors

  • Key Selling Industries
  • Butter & Cheese Production
  • Milk & Cream Production
  • Sugar Production

  • Products & Services
  • Chocolates and chocolate bars and blocks
  • Sugar confectionery
  • Filled chocolate
  • Bulk chocolate and food and drink preparations
  • Other
  • White chocolate
  • Gum
  • Chart: Chocolate & Confectionery Production Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • General retailers
  • Food manufacturers
  • Specialised confectionery retailers
  • Food-service industries
  • Wholesalers
  • Chart: Major Market Segmentation for the Chocolate & Confectionery Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Chocolate & Confectionery Production

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Chocolate & Confectionery Production Industry

  • Industry Globalization
    Mars Wrigley Confectionery UK Ltd, Barry Callebaut Manufacturing (UK) Ltd, Mondelez Europe GmbH, Nestle UK Ltd,
  • Table: Mars Wrigley Confectionery UK Ltd - financial performance
  • Table: Barry Callebaut Manufacturing (UK) Ltd - financial performance
  • Table: Mondelez Europe GmbH - financial performance
  • Table: Nestle UK Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Chocolate & Confectionery Production 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 Chocolate & Confectionery Production 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
    Antioxidant
  • Enzymes and other substances that are capable of counteracting the damaging effects of oxidation.
  • Cocoa Fat
  • A yellowish-white fatty solid obtained from cacao seeds and used as an ingredient in cosmetics, tanning oils, chocolate and soap.
  • Tempering
  • The process of heating and then cooling off slowly.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Chocolate & Confectionery Production market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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 Chocolate & Confectionery Production:
    • 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 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 Chocolate & Confectionery Production 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 Chocolate & Confectionery Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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