Opportunities in Asia Pacific Confectionery Sector

Summary

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