The Asia-Pacific candy market is anticipated to grow at a modest CAGR during the forecast period. The increasing purchasing power of the consumers across the region is directly influencing the growth of the Asia-Pacific candy market. Additionally, the increase in health-conscious consumers is driving the adoption of various versions of diet and low sugar candies. In addition to this, the rising trend of vegan diets is also impacting the adoption of vegan variants of candies in the regional market. However, the increasing obesity in children is a restraining factor for the growth of the market in Asia Pacific.
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The Asia-Pacific candy market is segmented based on type, flavour, and distribution channels. Based on the type, the market is sub-segmented into hard-boiled candies; pastilles, gums, jellies & chews; toffees, lollipop, twist & stick candy, and others. By flavour, the market is further segmented into caramel, chocolate, mint, coffee, fruits, and others. Based on the distribution channel, the market is sub-segmented into supermarkets/ hypermarkets, convenience stores, and online channels. Convenience stores are expected to maintain a significant market share in the region, whereas the online channel will witness lucrative growth in the market.
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Asia-Pacific Candy Market Segmentation
By Type
- Hard-Boiled Candies
- Pastilles, Gums, Jellies, and Chews
- Toffees
- Lollipop, Twist & Stick candy
- Others
By Flavour
- Caramel
- Chocolate
- Mint
- Coffee
- Fruits
- Other (Coconut, Butterscotch)
By Distribution Channel
- Supermarkets/ Hypermarkets
- Convenience Stores
- Online Channel
Regional Analysis
- China
- India
- Japan
- South Korea
Rest of Asia-Pacific
Company Profiles
- Chocoladefabriken Lindt & Sprüngli AG
- Derby
- EZAKI GLICO CO., LTD.
- Meiji Holdings Co., Ltd.
- Mondelez Global LLC
- MORINAGA & CO., LTD.
- Nestle S.A.
- Suncrest Food Makers
- The Hershey Co.
- Parle Products Pvt. Ltd.
- LOTTE Corp.
- ITC Ltd.
- Perfetti Van Melle Group BV
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