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Asia Pacific Confectionery Market: By Type: Chocolate, Non-Chocolate, Gums and Mints, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand, EMR’s Key Indicators for Price; Competitive Landscape; Industry Events and Developments

Asia Pacific Confectionery Market Outlook

The Asia Pacific confectionery market is being driven by the shift in consumer preferences owing to the rising disposable incomes and rapidly developing emerging economies within the region.

 

Asia Pacific Confectionery Market

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The industry is being aided by the growing global confectionery market, which is projected to witness a CAGR of 3.45% over the forecast period of 2022-2027. Further, the growing demand for chocolates in the region is aiding the growth of the overall market.

Within the Asia Pacific, China has emerged as the largest market for the product, followed by Japan, Brazil, and India. Country-wise, China attained a value of around USD 16.5 billion in 2020. On the other hand, India is the fastest-growing market, owing to the thriving food and beverage companies and rising disposable incomes in the region. The country is expected to grow at a CAGR of 9.8% in the forecast period. Both China and India are witnessing a healthy growth due to the growing population and increasing consumer inclination towards western taste. Also, the demand for packaged and ready-to-eat food products is increasing in the regions with the changing consumer lifestyle. The chocolate segment, among other confectionery-types, leads the confectionery market in the Asia Pacific.

Globally, the leading players in the industry have been introducing new products and enhancing their product portfolio to satisfy the consumer demand for healthy as well as tasty food products. In February 2018, Mars Incorporated, a key player in the industry, introduced a new product lineup for DOVE® Chocolate, offering consumers their favourite DOVE® Milk or Dark Chocolate in amalgamation with almonds and cashews, further dusted with cocoa, cinnamon or sea salt for a satisfying treat. The company has decided to launch Cinnamon Dusted Dark Chocolate Almonds and Sea Salt Milk Chocolate Cashews in both slim packs and stand-up pouches while the other flavour, Cocoa Dusted Dark Chocolate Cashews will be available only in stand-up pouches. Such developments are expected to drive the industry over the forecast period.

 

Properties and Applications

Confectionery generally refers to food products rich in sugar and carbohydrates like chocolates, candies, chewing gums, and others. These are the delicacies having sugar as a principal ingredient, combined with colouring and flavouring substance and often fruit or nuts. These are also rich in nutritive value due to the considerable presence of carbohydrate, fat, and protein content. Nowadays, many confections are enriched with vitamins, and the sector is also focusing on producing sugar-free or low sugar versions of the products.

 

Asia Pacific Confectionery Market By Type

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Based on type, the confectionery market can be divided into:

  • Chocolate
  • White 
  • Milk
  • Dark
  • Non-Chocolate
  • Gum and Mints
  • Others

The report by EMR gives an in-depth analysis of the various regional markets in the confectionery market in the Asia Pacific, which are China, Japan, India, South Korea, Australia, and the Association of Southeast Asian Nations (ASEAN), among others.

 

Asia Pacific Confectionery Market By Region

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Market Analysis

The Asia Pacific confectionery market is being driven by the rising disposable incomes and change in consumer preference in the region. The increased popularity of chocolates among kids as well as adults is driving the demand for the product in the region, thus, aiding in the growth of the overall confectionery market in the Asia Pacific. With the rising health concern, the demand for sugar-free or low-calorie products is on the rise, leading manufacturers to produce confectionery items with reduced sugar levels, which is expected to aid the industry growth over the forecast period. The growing consumption of dark chocolates owing to its various health benefits, including antioxidant properties and the presence of minerals, is providing further impetus to the market.

The growing middle-class population in the region is aiding the Asia Pacific confectionery market growth. The shift in consumer preference is leading to the increased consumption of premium quality products coupled with the growing trend of gifting confectionery items like chocolates and others, thus, contributing to the growth of the overall industry. Also, the innovative packaging and diversification in the product line by leading manufacturers including Mondelez International and Ferrero, who launched Lickables and Kinder respectively, with toys in their chocolate offering, is expected to grab consumers’ attention, particularly kids, which will enhance the sales of such items, and will aid the industry growth.

Further, the easy availability of products through various online and offline platforms is driving the industry forward. The expanding retail markets like grocery stores, supermarkets, and hypermarkets, along with the increased popularity of online shopping among consumers, is expected to enhance the industry growth in the future.

 

Competitive Landscape

The report gives an in-depth look into the following key players in the Asia Pacific confectionery market, covering their market share, capacity, and latest developments like mergers and acquisitions, capacity expansions, and plant turnarounds:

  • The Hershey Company
  • Ferrero SpA
  • Mars, Incorporated
  • Nestlé S.A.
  • Lotte Group
  • Mondelez International, Inc.
  • Chocoladefabriken Lindt & Sprüngli AG
  • Meiji Holdings Co., Ltd.
  • Others

The EMR report gives an in-depth look into the confectionery market in the Asia Pacific through an analysis of Porter’s Five Forces model. The report provides a SWOT and cost analysis. The report has also provided an overview of the global and other regional markets like Latin America, Europe, North America, and the Middle East and Africa. The report further provides historical (2017-2021) and forecast (2022-2027) price trends of confectionery, along with a global trade analysis, providing an insight into major exporting and importing countries by value and volume.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Country
Breakup by Type Chocolate, Non-Chocolate, Gums and Mints, Others
Breakup by Country China, Japan, India, South Korea, Australia, Association of Southeast Asian Nations (ASEAN), Others
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered The Hershey Company, Ferrero SpA, Mars, Incorporated, Nestlé S.A., Lotte Group, Mondelez International, Inc., Chocoladefabriken Lindt & Sprüngli AG, Meiji Holdings Co., Ltd., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface    
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary  

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Asia Pacific
7    Industry Opportunities and Challenges
8    Global Confectionery Market Analysis  

    8.1    Key Industry Highlights
    8.2    Global Confectionery Historical Market (2017-2021) 
    8.3    Global Confectionery Market Forecast (2022-2027)
    8.4    Global Confectionery Market by Region
        8.4.1    Market Share
            8.4.1.1    North America
            8.4.1.2    Europe
            8.4.1.3    Asia Pacific
            8.4.1.4    Latin America
            8.4.1.5    Middle East and Africa
9    Asia Pacific Confectionery Market Analysis
    9.1    Key Industry Highlights
    9.2    Asia Pacific Confectionery Historical Market (2017-2021) 
    9.3    Asia Pacific Confectionery Market Forecast (2022-2027)
    9.4    Asia Pacific Confectionery Market by Type
        9.4.1    Chocolate
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2017-2021)
            9.4.1.3    Forecast Trend (2022-2027)
            9.4.1.4    Breakup by Type
                9.4.1.4.1    White
                9.4.1.4.2    Milk
                9.4.1.4.3    Dark
        9.4.2    Non-Chocolate
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2017-2021)
            9.4.2.3    Forecast Trend (2022-2027)
        9.4.3    Gums and Mints
            9.4.3.1    Market Share
            9.4.3.2    Historical Trend (2017-2021)
            9.4.3.3    Forecast Trend (2022-2027)
        9.4.4    Others
    9.5    Asia Pacific Confectionery Market by Country
        9.5.1    Market Share
            9.5.1.1    China
            9.5.1.2    Japan
            9.5.1.3    India
            9.5.1.4    South Korea
            9.5.1.5    Australia
            9.5.1.6    ASEAN 
            9.5.1.7    Others
10    Regional Analysis
    10.1    China
        10.1.1    Historical Trend (2017-2021)
        10.1.2    Forecast Trend (2022-2027)
    10.2    Japan
        10.2.1    Historical Trend (2017-2021)
        10.2.2    Forecast Trend (2022-2027)
    10.3    India
        10.3.1    Historical Trend (2017-2021)
        10.3.2    Forecast Trend (2022-2027)
    10.4    South Korea
        10.4.1    Historical Trend (2017-2021)
        10.4.2    Forecast Trend (2022-2027)
    10.5    Australia
        10.5.1    Historical Trend (2017-2021)
        10.5.2    Forecast Trend (2022-2027)
    10.6    ASEAN 
        10.6.1    Historical Trend (2017-2021)
        10.6.2    Forecast Trend (2022-2027)
    10.7    Others
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyer’s Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    Key Indicators for Demand
    11.4    Key Indicators for Price
12    Value Chain Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    The Hershey Company
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Ferrero SpA
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Mars, Incorporated  
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Nestlé S.A.
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Meiji Holdings Co., Ltd.
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Lotte Group
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    Mondelez International, Inc.
            13.2.7.1    Company Overview
            13.2.7.2    Product Portfolio
            13.2.7.3    Demographic Reach and Achievements
            13.2.7.4    Certifications
        13.2.8    Chocoladefabriken Lindt & Sprüngli AG
            13.2.8.1    Company Overview
            13.2.8.2    Product Portfolio
            13.2.8.3    Demographic Reach and Achievements
            13.2.8.4    Certifications
        13.2.9    Others
14    Industry Events and Developments


List of Key Figures and Tables

1.    Global Confectionery Market: Key Industry Highlights, 2017 and 2027
2.    Asia Pacific Confectionery Market: Key Industry Highlights, 2017 and 2027
3.    Asia Pacific Confectionery Historical Market: Breakup by Type (USD Billion), 2017-2021
4.    Asia Pacific Confectionery Market Forecast: Breakup by Type (USD Billion), 2022-2027
5.    Asia Pacific Confectionery Historical Market: Breakup by Country (USD Billion), 2017-2021
6.    Asia Pacific Confectionery Market Forecast: Breakup by Country (USD Billion), 2022-2027
7.    Asia Pacific Confectionery Market Structure

Key Questions Answered in the Report

The market is being aided by the growing global confectionery market, which is projected to witness a CAGR of 3.45% over the forecast period of 2022-2027.

The major drivers of the market include the increased popularity of chocolates, growing middle-class population, growing consumption of dark chocolates, growing trend of gifting confectionery items, expanding retail markets, and increased popularity of online shopping.

The shift in consumer preferences and the rising disposable incomes are the key industry trends propelling the market's growth.

The major regions in the industry are China, Japan, India, South Korea, Australia, and the Association of Southeast Asian Nations (ASEAN), among others.

Based on type, the confectionery market can be divided into chocolate, non-chocolate, gum and mints, among others.

The major players in the industry are The Hershey Company, Ferrero SpA, Mars, Incorporated, Nestlé SA, Lotte Group, Mondelez International, Inc., Chocoladefabriken Lindt & Sprüngli AG, and Meiji Holdings Co., Ltd., among others.

Analyst Review

The Asia Pacific confectionery market is driven by the shift in consumer preferences. Aided by increased popularity of chocolates and rising disposable incomes, the market is being aided by the growing global confectionery market, which is projected to witness a CAGR of 3.45% over the forecast period of 2022-2027.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the confectionery market can be divided into chocolate, non-chocolate, gum and mints, among others. The major regional markets for confectionery market are China, Japan, India, South Korea, Australia, and the Association of Southeast Asian Nations (ASEAN), among others. The major players in the industry are The Hershey Company, Ferrero SpA, Mars, Incorporated, Nestlé SA, Lotte Group, Mondelez International, Inc., Chocoladefabriken Lindt & Sprüngli AG, and Meiji Holdings Co., Ltd., among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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