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Top Growth Opportunities: Confectionery in Australia

Top Growth Opportunities: Confectionery in Australia

  • June 2019
  • 78 pages
  • ID: 5783479
  • Format: PDF
  • By GlobalData

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Top Growth Opportunities: Confectionery in Australia

Summary
Top Growth Opportunities for Confectionery in Australia provides recommended actions and detailed analysis of how to target the best growth opportunities for Confectionery producers and retailers. Readers can understand what categories, channels, companies, and consumers will drive the success of Confectionery markets in Australia through GlobalData’s detailed and robust data, expert insight, and case studies.

GlobalData’s Top Growth Opportunity reports use a risk versus reward opportunity model to identify the best growth markets for Confectionery producers. Through this in-depth study of market and category dynamics, readers are able to identify key opportunities, and what they need to do in order to target them.

Get access to -

- Key consumer demographic groups driving consumption within the Australian market.Improve your consumer targeting by understanding who’s driving the market, what they want, and why
- A study of market value and volumes over 2018-2023 for Australia, supplemented with category, brand and packaging analysis that shows the current state of the market, and how it will evolve over the 2018-2023 period
- White space analysis, to pinpoint attractive spaces in the market and the key actions to take
- Insight into the implications behind the data, and analysis of how the consumer needs will evolve in the short-to-medium term future
- Examples of international and regional product innovation targeting key consumer needs

Top Growth Opportunities for Confectionery in Australia provides an overview of the Confectionery market, analyzing market data, demographic consumption patterns within the category, and the key consumer trends driving consumption.

GlobalData’s proprietary Risk vs Reward Opportunity model pinpoints the best growth opportunities for Confectionery producers, suppliers and retailers by combining robust, granular data and expert insight.The report uses this framework to identify the best opportunities, analyze white spaces in the market, and outline new product development that will effectively target the most pertinent consumer need states.

These are combined to offer strategic recommendations to capitalize on evolving consumer landscapes.

Scope
- Australia has a higher average spend on high quality confectionery than most other major economies.
- After a period decline at a CAGR of -1.8% in US$ terms between 2018 and 2023, the Australian Confectionery market will grow at a slower rate in the next five years to 2023, at a CAGR of 4.4%.
- Younger consumers are looking for healthier confectionery products
- Over 2018-2023, Chocolate will remain the highest value category.

Reasons to buy
- This report brings together consumer analysis and market data to provide actionable insight into the behavior of Australian Confectionery consumers.
- This is based on GlobalData’s unique consumer data, developed from extensive consumption surveys and consumer group tracking, which quantifies the influence of 20 consumption motivations in the Confectionery sector. Category, brand, and packaging dynamics are also examined.
- This allows product and marketing strategies to be better aligned with the leading trends in the market.

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