Market Focus: Trends and Developments in the Confectionery Sector in Thailand
This report brings together consumer insight and market data to provide a comprehensive brief of the Thai Confectionery sector. This allows for the rapid identification of key growth opportunities across major Confectionery categories and their packaging.
Exchange rate fluctuations to impact dollar revenue growth of multinational companies in Thailand
Product innovation coupled with premiumization driving growth in the Thai Confectionery market
Desire to Indulge and Fun & enjoyment are the leading motivational factors influencing Confectionery consumption in Thailand
The desire to seek out new culinary chocolate experiences is driving the launch of premium quality and gourmet ranges of indulgent chocolate flavors
Flexible Packaging is the leading packaging material, driven by demand across all categories
Positive socio-economic factors such as a high share of the working population, rapid urbanization, and a rise in disposable income will boost growth in the Confectionery market in Thailand. Sugar Confectionery is the largest category by value while Gum is forecast to register the highest growth during 2013–2018. Mondelēz International is the leading player in the Thai Confectionery market and holds the majority share in categories such as Gum and Sugar Confectionery, while Nestlé is the market leader in the Chocolate category.
Reasons To Buy
This overview of the consumer and market dynamics of the Thai Confectionery sector allows new entrants and established companies to gain rapid and comprehensive insight into the current state of the market and identify the key trends that will drive growth in the coming years.