H1 Report: A Recap and Forward Outlook for Confectionary in ‘24
Analyse the notable shifts and trends in the confectionary market during the first half of 2024 with our H1 report. This report delves into key products such as sugar, grains, and dairy.
Utilising Vesper's detailed data, we identify significant market movements and emerging trends that have impacted the confectionary sector in early 2024. The report concludes with a concise outlook for the remainder of the year, offering essential insights for strategic planning.
What to expect from the report
The confectionary market in early 2024 experienced significant shifts, particularly in the supply and pricing of key ingredients like sugar, grains, and dairy. This report provides key insights and a detailed analysis of these changes:
- Sugar: Global production variances and supply chain issues caused price fluctuations, impacting the overall cost structure for confectionary products.
- Cocoa: Adverse weather conditions and logistical challenges in major producing regions led to a significant rise in cocoa prices.
- Dairy: Increased costs for essential dairy ingredients such as milk, butter, and cream due to regional production disparities and strong demand.
- Vegetable Oils: Adjustments in the use of vegetable oils like palm and sunflower oil due to supply fluctuations and changing nutritional trends.
- And more…
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What is Vesper?
Vesper, vespertool.com, is a commodity intelligence platform that transforms difficult-to-understand data into easy-to-digest intelligence and actionable insights, enabling users to back their decisions with facts. The insights provided by our market analysts in this report are backed-up by Vesper’s real-time and difficult to find data.
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