Asia Pacific Confectionery Market Report and Forecast 2023-2028

Asia Pacific Confectionery Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the Asia Pacific confectionery market is being aided by the growth of the global confectionery market, which is projected to grow at a CAGR of 3.5% between 2023 and 2028. Aided by the rising disposable incomes of the consumers and growing demand for chocolates in the region, the market is expected to grow significantly by 2028.

Confectionery refers to a broad spectrum of food items, predominantly encompassing chocolates, candies, gums, and sweetmeats. The category enjoys immense popularity across diverse age brackets, from children to the elderly. Given their use in festivities, celebrations, and as casual treats, these products have secured an unwavering spot in the Asia Pacific food landscape. Furthermore, innovation and the introduction of new flavours catering to the regional palate have further elevated their desirability.

Growing preference for premium confectionery products is considered to be one of the major Asia Pacific confectionery market trends. The burgeoning middle-class population, coupled with increased exposure to international brands and a desire for quality experiences, has increased their fondness towards higher-end chocolates and sweets. Artisanal chocolates, handcrafted sweets, and products boasting of unique, authentic flavours are witnessing heightened demand.

Simultaneously, the Asia Pacific confectionery market growth is boosted by the growing network of distribution channels. Hypermarkets, supermarkets, online retailers, and convenience stores have played a vital role in ensuring widespread availability of these products. Moreover, the strategic positioning of confectioneries at checkout counters and the incorporation of attractive packaging often led to impulse purchases.

The Asia Pacific confectionery market analysis also reveals the significant role played by festivals and cultural celebrations. Regions such as India, China, and Japan have a rich tapestry of festivals, where confectionery items play a crucial role, either as offerings or as gifts. This ingrained cultural significance further ensures sustained demand.

Also, there is a growing focus on healthier options in the confectionery segment. The modern consumer is increasingly conscious of the ingredients in their treats. This has given rise to a segment of confectioneries that are lower in sugars, free from artificial additives, and sometimes even fortified with vitamins and minerals.

The Asia Pacific confectionery market size is poised for significant expansion. Buoyed by economic growth and innovative offerings, the market for confectionery in the region is expected to grow further in the coming years.

Market Segmentation

The market can be divided based on type and country.

Market Breakup by Type
  • Chocolate
  • White
  • Milk
  • Dark
  • Non-Chocolate
  • Gum and Mints
  • Others
Market Breakup by Country
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • ASEAN
  • Others
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Asia Pacific confectionery market. Some of the major players explored in the report by Expert Market Research are as follows:
  • The Hershey Company
  • Ferrero SpA
  • Mars, Incorporated
  • Nestlé S.A.
  • Lotte Group
  • Mondelez International, Inc.
  • Chocoladefabriken Lindt & Sprüngli AG
  • Meiji Holdings Co., Ltd.
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual 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 Opportunities and Challenges in the Market
8 Global Confectionery Market Analysis
8.1 Key Industry Highlights
8.2 Global Confectionery Historical Market (2018-2022)
8.3 Global Confectionery Market Forecast (2023-2028)
8.4 Global Confectionery Market by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Asia Pacific Confectionery Market Analysis
9.1 Key Industry Highlights
9.2 Asia Pacific Confectionery Historical Market (2018-2022)
9.3 Asia Pacific Confectionery Market Forecast (2023-2028)
9.4 Asia Pacific Confectionery Market by Type
9.4.1 Chocolate
9.4.1.1 Historical Trend (2018-2022)
9.4.1.2 Forecast Trend (2023-2028)
9.4.1.3 Breakup by Type
9.4.1.3.1 White
9.4.1.3.2 Milk
9.4.1.3.3 Dark
9.4.2 Non-Chocolate
9.4.2.1 Historical Trend (2018-2022)
9.4.2.2 Forecast Trend (2023-2028)
9.4.3 Gums and Mints
9.4.3.1 Historical Trend (2018-2022)
9.4.3.2 Forecast Trend (2023-2028)
9.4.4 Others
9.5 Asia Pacific Confectionery Market by Country
9.5.1 China
9.5.2 Japan
9.5.3 India
9.5.4 South Korea
9.5.5 Australia
9.5.6 ASEAN
9.5.7 Others
10 Regional Analysis
10.1 China
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Japan
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 India
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 South Korea
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Australia
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
10.6 ASEAN
10.6.1 Historical Trend (2018-2022)
10.6.2 Forecast Trend (2023-2028)
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 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Confectionery Market: Key Industry Highlights, 2018 and 2028
2. Asia Pacific Confectionery Market: Key Industry Highlights, 2018 and 2028
3. Asia Pacific Confectionery Historical Market: Breakup by Type (USD Billion), 2018-2022
4. Asia Pacific Confectionery Market Forecast: Breakup by Type (USD Billion), 2023-2028
5. Asia Pacific Confectionery Historical Market: Breakup by Country (USD Billion), 2018-2022
6. Asia Pacific Confectionery Market Forecast: Breakup by Country (USD Billion), 2023-2028
7. Asia Pacific Confectionery Market Structure

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