Candy Production

Health concerns and heightened competition have challenged revenue growth for the Candy Production industry over the five years to 2022. Consumers have become wary of sugar-rich, high-calorie products. Furthermore, those who still consume sweets are increasingly shifting toward chocolate. This shift highlights the substitutability of thisindustry's high-sugar candy with chocolate candy, produced externally by the Chocolate Production industry (M-Ysland LLC report 31135). Despite these challenges, operators have increased product innovations to appeal to health-conscious customers, which has helped generate revenue. As a result, industry revenue has increased an annualized 0.9% to $12.1 billion over the five years to 2022, including 0.9% in 2022.