Trends and drivers in confectionery

Focusing on the trends and drivers for key industries, PMMI, The Association for Packaging and Processing Technologies, announced findings from a confectionery industry related study at Pack Expo Las Vegas 2013.

Following interviews with 72 representatives of the confectionery industry, the study found that, globally, the sector is growing rapidly as middle-class consumers in emerging markets gravitate towards sophisticated, yet affordable, products. According to Symphony IRI and most participating retail channels, 2012 chocolate confectionery sales in the US totalled $12.5bn, a 3.8 percent increase over 2011. Non-chocolate candy sales were at $6.9bn, growing 6.4 per cent. However, participants cited a focus on chocolate production and tempering in their measures to advance their processing operations. The overall equipment investments are expected to increase by 4% to 5% annually for the industry as a whole.

Copies of the study are available free to PMMI members and for $3,500 to non members. The executive summary of this report is available online at PMMI.org (click “Research and Trends”).