Sugar and confectionery products: 2024 FCC Food and Beverage Report

The following information is from the 2024 FCC Food and Beverage Report, which highlights the opportunities and challenges for Canadian food manufacturers by sector. To get the big picture read the full report.

Sugar and cocoa prices to take a bite out of profitability

At first glance, one would expect sugar and confectionery product manufacturers to have a good year given our forecasts of sales and volume increases (4.5% and 5.5%, respectively) in 2024 (Figure 1). However, the sector faces significant headwinds heading into the year.

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