The Asia-Pacific confectionery market is anticipated to grow at a CAGR 5.0% during the forecast period. The growth of the market is attributed to the changing consumer preferences coupled with the increasing disposable income. Additionally, the diversity in the availability of confectionary products as per the local taste and flavors also catalyzes the growth of the Asia-Pacific confectionery industry.
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Additionally, health consciousness such as increasing obesity across the region is driving the consumer towards healthy confectionery products. Hence, the manufacturers are increasing their innovation in healthy confectionary offerings. For instance, in January 2018, Meiji Holding Co., Ltd. with an investment of approximately $245 million announced the expansion of production of health-focused chocolate in Japan to cater to the growing consumer demand of cocoa health benefits.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Asia-Pacific Confectionery Market Report Segment
By Type
- Sugar Confectionery
- Chocolate Confectionery
- Bakers Confectionery
By Distribution Channel
- Supermarkets/ Hypermarkets
- Convenience Stores
- Online Channel
Asia-Pacific Confectionery Market Report Segment By Region
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
The Report Covers
- Comprehensive research methodology of the Asia-Pacific confectionery market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific confectionery market.
- Insights about market determinants which are stimulating the Asia-Pacific confectionery industry.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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