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Opportunities in the Asia-Pacific Confectionery Sector - Analysis of Opportunities Offered by High Growth Economies

Opportunities in the Asia-Pacific Confectionery Sector - Analysis of Opportunities Offered by High Growth Economies

Summary

The global confectionery sector was valued at around US$164 billion in 2017 and is forecast to record a CAGR of about 4.3% during 2017-2022 to cross US$200 billion by 2022.The Asia-Pacific confectionery sector was valued at around US$39 billion in 2017 and is forecast to grow at the fastest pace in both value and volume terms during 2017-2022, driven by rising disposable incomes and rising interest in premium confectionery products. Of all the high potential countries in the region, China is the largest market followed by India and Indonesia. Convenience stores is the largest distribution channel, followed by Hypermarkets & Supermarkets. Extra, Xylitol, Dove, Dairy milk, Extra, and Hsu-Fu-Chi are the leading brands in the Asia-Pacific confectionery sector.

Sugar confectionery is the largest category in the Asia‑Pacific confectionery sector, with value sales of more than US$16 billion (around 43.3% of the overall confectionery sector) in 2017, and is expected to reach cross US$21 billion by 2022, growing at a CAGR around 4.9%. In terms of value growth, the gum and chocolate categories are forecast to witness the highest CAGRs of about 6.4% and 5.9%, respectively, during 2017-2022. China is the largest market, accounting for a value share of over 40%, followed by Japan at around 25.5% and India at 10.1%. Growing demand for premium variants and those with health & wellness benefits is driving value sales in the region.

The overall confectionery sector in the Asia‑Pacific region is fragmented with the top five brands - Extra, Xylitol, Dove, Dairy milk, Extra, and Hsu-Fu-Chi - accounting for around 13.3% of the market value in 2017. Private label accounted for about 2.5% of the overall sector in 2017.

Convenience stores is the most popular channel for confectionery products in the Asia‑Pacific region, accounting for more than 42% of overall sales, followed by hypermarkets & supermarkets with around 38.4% share.

The report Opportunities in the Asia-Pacific Confectionery Sector, provide a comprehensive overview of the Asia‑Pacific confectionery sector.

In depth, this report provides the following analysis -

  • Sector overview: Provides an overview of the sector size, value, and volume growth analysis, across regions.
  • Change in consumption: Analysis on the shift in consumption of confectionery by categories across the key countries in the Asia‑Pacific region.
  • High potential countries: Provides Risk-Reward analysis of top four high potential countries in the Asia‑Pacific region based on market assessment, economic development, socio-demographic, governance indicators and technological infrastructure.
  • Country analysis: Provides deep-dive analysis of four high potential countries covering value growth during 2017-2022, 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.
  • Health & wellness analysis: Provides insights on the health & wellness products in terms of value and percentage share in the overall confectionery sector during 2012-2022. The analysis includes key health & wellness attributes and consumer benefits driving the sales of confectionery products in the Asia‑Pacific region in 2017. It also covers the market share of leading companies offering confectionery products with health and wellness attributes in the same year.
  • Brand Analysis: Provides an overview of leading brands in the Asia‑Pacific region and analyzes the growth of private labels in the region.
  • Key distribution channels: Provides analysis on the leading distribution channels in the Asia‑Pacific confectionery sector in 2017. It covers seven distribution channels: hypermarkets & supermarkets, convenience stores, food & drinks specialists, department stores, “dollar stores”, vending machines, and others, which includes e-retailers, cash & carries & warehouse clubs, drug stores & pharmacies, and other retailers.
  • Preferred packaging formats: The report provides percentage share (in 2017) and growth analysis (during 2012-2022) for various package materials, pack type, closures, and primary outer types based on the volume sales (by pack units) of confectionery.
Companies mentioned in this report: Mars Inc., Mondelez International, Nestlé S.A., Lotte Co., Perfetti Van Melle SpA, Ferrero, PT Mayora Indah, Pt Kapal Api Global, J.H. Whittaker & Sons, Ltd

Scope

This report brings together multiple data sources to provide a comprehensive overview of the Asia‑Pacific confectionery sector. It includes analysis on the following -
  • Sector overview: Provides an overview of the sector size, value, and volume growth analysis, across regions.
  • Change in consumption: Analysis on the shift in consumption of confectionery by categories across the key countries in the Asia‑Pacific region.
  • High potential countries: Provides Risk-Reward analysis of top four high potential countries in the Asia‑Pacific region based on market assessment, economic development, socio-demographic, governance indicators and technological infrastructure.
  • Country analysis: Provides deep-dive analysis of four high potential countries covering value growth during 2017-2022, 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.
  • Health & wellness analysis: Provides insights on the health & wellness products in terms of value and percentage share in the overall confectionery sector during 2012-2022. The analysis includes key health & wellness attributes and consumer benefits driving the sales of confectionery products in the Asia‑Pacific region in 2017. It also covers the market share of leading companies offering confectionery products with health and wellness attributes in the same year.
  • Brand Analysis: Provides an overview of leading brands in the Asia‑Pacific region and analyzes the growth of private labels in the region.
  • Key distribution channels: Provides analysis on the leading distribution channels in the Asia‑Pacific confectionery sector in 2017. It covers seven distribution channels: hypermarkets & supermarkets, convenience stores, food & drinks specialists, department stores, “dollar stores”, vending machines, and others, which includes e-retailers, cash & carries & warehouse clubs, drug stores & pharmacies, and other retailers.
  • Preferred packaging formats: The report provides percentage share (in 2017) and growth analysis (during 2012-2022) for various package materials, pack type, closures, and primary outer types based on the volume sales (by pack units) of confectionery.
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 brands in the sector in the region with information about their market share and growth rates.


1. Executive summary
2. Market size and growth analysis (Regional analysis )
Market size analysis - Asia Pacific compared to other regions
Growth analysis by region
Growth analysis by country
Growth analysis by category
3.Identifying high potential countries in Asia-Pacific
High potential countries in Asia-Pacific
Identifying high potential countries - Methodology
Identifying high potential countries - Risk, reward, and opportunity analysis
4. Market size and growth analysis (High potential countries in Asia-Pacific)
High potential countries in Asia-Pacific - Overview
Growth contribution analysis by country (1/2)
Growth contribution analysis by country (2/2)
Share of confectionery compared to other food sectors
Change in consumption levels by country and confectionery categories
Per capita consumption and expenditure analysis
5. Country Profiles (High potential countries in Asia-Pacific)
China
India
Indonesia
New Zealand
6. Success Stories
Confectionery in Asia-Pacific: case studies
7. Company and Brand Analysis
Brand share analysis in the confectionery sector
Leading companies in the Asia-Pacific confectionery sector
Leading brands in the Asia-Pacific confectionery sector
Private Label penetration in the Asia-Pacific confectionery sector
8. Health & Wellness Analysis
Health & Wellness analysis - Overview
Health & Wellness market growth analysis by country
Health & Wellness analysis - Key product attributes and consumer benefits
Leading Health & Wellness companies by market share
9. Key Distribution Channels
Leading distribution channels by countries
Leading distribution channels by categories
10. Key Packaging Formats
Growth analysis by key packaging material and container type
Growth analysis by closure type and outers
11. Challenges and Future Outlook
Key challenges
Future Outlook
12. Appendix
List of Tables
Regional comparison: Market size, growth, and per capita analysis, 2017-2022
High potential countries in the Asia-Pacific - Overview
Share of confectionery compared to other food sectors
Change in consumption levels by country and confectionery sectors
Per Capita Consumption in Asia-Pacific and high potential countries, 2017
Per Capita Expenditure in Asia-Pacific and high potential countries, 2017
Brand share analysis in the confectionery sector
Private Label penetration in the confectionery sector
Health & Wellness analysis - Overview
Health & Wellness analysis - Key product attributes and consumer benefits
Leading Health & Wellness companies by market share
Leading distribution channels by countries
Leading distribution channels by categories
List of Figures
Value growth analysis by region (2017-2022)
Volume growth analysis by region (2017-2022)
Value and volume growth analysis by country (2017-2022)
Value and volume growth analysis by category (2017-2022)
Top four high potential countries in the Asia-Pacific
Country level contribution to the growth of chocolate category in the Asia-Pacific, 2017-2022
Country level contribution to the growth of gum category in the Asia-Pacific, 2017-2022
Country level contribution to the growth of sugar confectionery category in the Asia-Pacific, 2017-2022
Value share of confectionery sector as a proportion of overall food by country, 2017
Leading companies in the Asia-Pacific confectionery sector by value sales (US$ million), 2017
Leading brands (including Private label) in the Asia-Pacific confectionery sector by value sales (US$ million), 2017
Country level contribution to the growth of H&W Market in the Asia-Pacific, 2017-2022
Key package material volume (units) share, 2017, unit volume growth by package material (2012-2022)
Key pack type volume (units) share, 2017, unit volume growth by pack type (2012-2022)
Key closure type volume (units) share, 2017, unit volume growth by closure type (2012-2022)
Key primary outers volume (units) share, 2017, unit volume growth by outers (2012-2022)

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