The Australian Chocolate and Confectionery Manufacturing industry has remained resilient despite a recessive economy, falling disposable incomes, volatile commodity prices and increasing import competition. The advent of the health-conscious consumer has required producers to be innovative with their product lines and adapt them to changing consumer trends. In the five years through 2012-13, industry revenue increased at an annualised 2.3%. Revenue growth is also expected to grow by 2.6% in 2012-13 to $3.26 billion.
This industry consists of establishments mainly engaged in manufacturing confectionery, chocolate or cocoa products, with or without sugar. Chocolate is produced from roasted ground cacao beans that are combined with other ingredients like milk and sugar. Cocoa is a powder produced from cocoa seeds that have been roasted, shelled, and ground. Sugar confectionery is produced by boiling, crystallising, and moulding sugar or molasses into solid pieces that are usually coloured or flavoured.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.