In 2010 the prices of sugar went up 44.3%, leaving manufacturers with no other option but to raise their prices. Higher input costs were easy to manage for manufacturers, but not for wholesale distributors and retailers. For this reason, the five-year low of a 2.7% profit margin shaked the candy industry in 2012. However, from this point onward, consumer spending boosted the demand for these higher-margin products and greatly increased profits in 2013 and 2015. Towards the end of the five-year period, these high-margin goods like brand-name candy bars and premium chocolates became so popular that profit margins soared to 3.1% in
In 2010 the prices of sugar went up 44.3%, leaving manufacturers with no other option but to raise their prices. Higher input costs were easy to manage for manufacturers, but not for wholesale distributors and retailers. For this reason, the five-year low of a 2.7% profit margin shaked the candy industry in 2012. However, from this point onward, consumer spending boosted the demand for these higher-margin products and greatly increased profits in 2013 and 2015. Towards the end of the five-year period, these high-margin goods like brand-name candy bars and premium chocolates became so popular that profit margins soared to 3.1% in