Confectionery Manufacturing in Australia - Industry Market Research Report

Confectionery Manufacturing in Australia - Industry Market Research Report

Confectionery Manufacturing in Australia

Changing consumer preferences are challenging the Confectionery Manufacturing industry. Concerns regarding obesity have encouraged consumers to adopt healthier eating patterns, with more consumers monitoring the amount of sugar and fat in their diets. Healthier eating habits mean that fewer Australians are buying confectionery. To address rising consumer health concerns, confectionery manufacturers have expanded product portfolios to include products that appeal to health-conscious consumers, like sugar-free confectionery. Healthier options are limiting declines in confectionery sales. Additionally, sales of low-cost confectionery increased during the COVID-19 pandemic, which limited declines in revenue. Industry revenue has declined at an annualised 0.2% over the five years through 2022-23, to an anticipated $596.7 million. This includes an expected fall of 1.8% in 2022-23, with rising health consciousness and falling incomes leading to fewer people buying confectionery.

Industry firms primarily manufacture confectionery. The industry excludes firms that manufacture chocolate and chewing gum.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.