Chocolate & Confectionery Production in Ireland - Industry Market Research Report

Sweet Success: Chocolate and Confectionery Producers Are Keeping Up With Changing Tastes, Boosting Revenue

Chocolate & Confectionery Production in Ireland

Companies in the Chocolate and Confectionery Production industry have endured challenging conditions recently. Over the five years through 2023, industry revenue is anticipated to swell at a compound annual rate of 2.4%. Between COVID-19, Brexit and global inflationary pressures, input prices have been highly volatile, causing industry revenue to fluctuate heavily. Increases in the price of food commodities translate into higher income for manufacturers if they can pass price increases further down the supply chain. However, they risk competitors undercutting them. When global food commodity prices fall, the industry faces downward pricing pressure. Chocolate and confectionery foods are generally homogenous, so manufacturers can't offer prices significantly more than the market level.

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.

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.