Opportunities in Asia Pacific Confectionery Sector

The global confectionery sector was valued at US$193,194.8 million in 2019 and is expected to grow at a CAGR of 2.6% over 2019-2024, to reach US$219,490.9 million by 2024. Asia-Pacific is set to emerge as the world’s second fastest-growing market, after Middle East & Africa, with value CAGR of 3.5% during 2019-2024. Based on the relative performance of countries on multiple metrics, New Zealand, Indonesia, Vietnam, and Thailand were shortlisted as high-potential countries, primarily due to the large confectionery sector size, projected growth rates in value, and rising per capita value growth levels. The top five companies in the Asia-Pacific confectionery sector market – Mars, Mondelez International, Inc, Perfetti Van Melle SpA, Lotte Co., Ltd., and Nestle SA – accounted for a combined 45.1% value share in 2019. Private label held a 1.6% share of total value sales in the same year. In the Asia Pacific region, confectionery products with health & wellness (H&W) attributes accounted for 22.7% of overall sales in 2019, higher than the global share of 16.3% during the same year. Convenience stores is the most popular channel for confectionery products in the Asia Pacific region, accounting for 43.4% of overall sales in 2019. Flexible packaging is the most commonly used package material in the Asia Pacific confectionery sector, accounting for 72.4% (in packaging unit terms) in 2019.

This report brings together multiple data sources to provide a comprehensive overview of the Asia-Pacific confectionery sector. It includes market overview, high growth country analysis, top companies, key distribution channels, packaging formats and case studies.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the Asia-Pacific confectionery sector, analyzing data from 26 countries in the region. It includes analysis on the following –

– Sector overview: provides an overview of the sector size, value, and volume growth analysis across regions.

– High-potential countries: provides risk-reward analysis of the top four high-potential countries in the Asia-Pacific region based on market assessment, economic development, socio-demographics and governance indicators, and technological infrastructure.

– Country analysis: provides deep-dive analysis of four high-potential countries covering value growth during 2018-2023, key challenges, consumer demographics, and key trends supported with product examples. It also includes analysis of the key challenges faced and future outlook for the region.

– Company analysis: provides an overview of leading companies in the Asia-Pacific region, as well as analyzing the growth of private labels in the region.

Reasons to buy

– Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region.

– The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis , that can help companies gain insight into the country specific nuances

– The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion

– To gain competitive intelligence about leading companies in the sector in the region with information about their market share and growth rates

Companies mentioned

Mars

Mondelez International Inc

Perfetti Van Melle SpA

Lotte Co. Ltd.

Nestle SA

Ferrero

The Hershey Co

Morinaga & Co. Ltd.

Meiji Holdings Co Ltd

Fujian Yake Food Co. Ltd.

Table of Contents

Table of Contents

Executive summary

Part 1: Market Environment

Market size analysis – Asia-Pacific compared to other regions

Value and volume growth analysis by region

Asia-Pacific market growth analysis by country

Asia-Pacific market growth analysis by category

Part 2: High-Potential Countries’ Analysis

Methodology- Identifying high potential countries

Top four high-potential countries in Asia-Pacific

Overview of high-potential countries in Asia-Pacific

Growth contribution analysis by country (1/2)

Growth contribution analysis by country (2/2)

Value share analysis of confectionery compared to other food sectors

Change in consumption levels by country and category

Per capita consumption analysis

Per capita expenditure analysis

Part 3: Country Deep Dive

Overview of New Zealand confectionery sector

Demographic analysis – New Zealand

Market size analysis of top 10 cities

Market size analysis of top 10 cities by categories

Top 10 cities contribution to volume growth

Key trends in the New Zealand confectionery sector

Overview of Indonesia confectionery sector

Demographic analysis – Indonesia

Market size analysis of top 10 cities

Market size analysis of top 10 cities by categories

Top 10 cities contribution to volume growth

Key trends in the Indonesia confectionery sector

Overview of Vietnam confectionery sector

Key trends in Vietnam confectionery sector

Overview of Thailand confectionery sector

Demographic analysis – Thailand

Key trends in Thailand confectionery sector

Part 4: Success Stories

About case studies

Case Study: Auro Chocolate 70% Dark – Tupi Origin

Case Study: Fu Wan Chocolate 62%

Case Study: Fossa Chocolate Chilli Peanut Praline

Part 5: Competitive Environment

Leading companies share in the Asia-Pacific confectionery sector

Brand share analysis of top 5 companies

Leading companies in the Asia-Pacific confectionery sector

Leading brands in the Asia-Pacific confectionery sector

Private label penetration in the Asia-Pacific confectionery sector

Part 6: Health & Wellness Analysis

Value share analysis of health & wellness market

Health & wellness market growth analysis by country

Key product attributes and consumer benefits

Leading health & wellness companies by category

Part 7: Distribution Analysis

Leading distribution channels by country

Leading distribution channels by category

Part 8: Packaging Analysis

Growth analysis by key pack material and pack type

Growth analysis by closure type and primary outer type

Part 9: Challenges and Future Outlook

Key challenges in the Asia-Pacific confectionery sector

Future outlook of the Asia-Pacific confectionery sector

Appendix

Definitions

About GlobalData

List of Tables

List of Tables

Regional comparison: Market size, growth, and per capita analysis, 2019-2024

Overview of high-potential countries in Asia-Pacific

Value share of confectionery sector as a proportion of overall food by country, 2019

Change in consumption of category within confectionery (value terms), by country, 2019-2024

Top 5 companies share by brand (in value terms) in Asia-Pacific confectionery sector, 2019

Private Label penetration (in value terms) in confectionery sector, 2019

Health & Wellness value and its share in overall sales, 2014-2024

Share of product attributes in high-potential countries Asia-Pacific, 2019

Leading Distribution Channels in Asia-Pacific by Country, 2019

Leading Distribution Channels in Asia-Pacific by Category, 2019

List of Figures

List of Figures

Annual value growth analysis by region, 2019-2024

Annual volume growth analysis by region, 2019-2024

Category volume growth analysis of countries compared to regional average growth

Country value size and CAGR analysis grid based on regional average

Value and volume growth analysis by category in Asia-Pacific, 2019-2024

Country-level contribution to the growth of chocolate category in Asia-Pacific, 2019-2024

Country-level contribution to the growth of gum category in Asia-Pacific, 2019-2024

Country-level contribution to the growth of sugar confectionery category in Asia-Pacific, 2019-2024

Per Capita Consumption by category in Asia-Pacific by Country, 2019

Per Capita Expenditure by category in Asia-Pacific by Country, 2019

New Zealand: category share

Demographic analysis* – New Zealand

Market size analysis of top 10 cities

Market size analysis of top 10 cities by categories

Top 10 cities contribution to volume growth

Indonesia: category share

Demographic analysis* – Indonesia

Market size analysis of top 10 cities

Market size analysis of top 10 cities by categories

Top 10 cities contribution to volume growth

Vietnam: category share

Thailand: category share

Demographic analysis* – Thailand

Leading companies in Asia-Pacific confectionery sector by value sales (% share), 2019

Leading companies in Asia-Pacific confectionery sector by value sales (US$ Million), 2019

Leading Brands (including Private label) in Asia-Pacific confectionery sector by value sales (US$ Million), 2019

Country-level contribution to the growth of H&W Market in Asia-Pacific, 2019-2024

Growth analysis by key pack material and pack type

Growth analysis by closure type and outers

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