date:Jun 05, 2012
Indias US$1,034m chocolate and confectionery market is set to surge by 26.5% for 2011-12 the strongest growth of the BRIC countries. Chinas US$1,546m sector will surge 11.8% and Mexicos US$1,104m industry by 4.1%.
Growth and revenue within Australias industry will mainly be generated by big brand names, IBISWorld said.
There is a high level of market share concentration due to an increase in acquisitions and organic growth among the major players, the report detailed with Kraft Foods, Nes