The Asia-Pacific candy market is anticipated to grow with a considerable CAGR during the forecast period (2020-2026). The stable confectionary market sales across the region directly influence the growth of the candy market. The Asia-Pacific candy market is majorly driven by rising disposable incomes and increasing health awareness across the region. Additionally, the increasing activities of domestic players towards the development of novel and unique flavors are presenting a greater array of diverse candy products. For instance, in April 2019, Mars Inc. launched chocolate Candies in a lahuasheng flavor in China. Such activities are significantly expected to drive the Asia-Pacific candy market.
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Furthermore, the significant consumer shift from indulgence to healthy-indulgence coupled with the increasing incidences of various lifestyle-related disorders including obesity and diabetes is turning consumers towards low & no-sugar and low-calorie candies. Various diet candy is also available in the market considering the trend of healthy diet consumption across the region. Besides, the domestic, as well as local manufacturers are also rebranding and reformulating their products to engage more and more health-conscious consumer base. The aforementioned factors are expected to impact the Asia-Pacific candy market positively during the forecast period.
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Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Type, By Flavor, By Distribution Channel
- Country Covered- China, India, Japan, South Korea, Rest of Asia-Pacific
- Competitive Landscape- EZAKI GLICO CO., LTD., Meiji Holdings Co., Ltd., Mondelez Global LLC, LOTTE Corp., ITC Ltd., Parle Products Pvt. Ltd.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and country dominate the market in the base year?
- Which segment and country will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from the pre-COVID-19 forecast
- Most affected country and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Asia-Pacific Candy Market Report Segment
By Type
- Hard-Boiled Candies
- Pastilles, Gums, Jellies, and Chews
- Toffees
- Lollipop, Twist & Stick candy
- Others
By Flavor
- Caramel
- Chocolate
- Mint
- Coffee
- Fruits
- Other
By Distribution Channel
- Supermarkets/ Hypermarkets
- Convenience Stores
- Online Channel
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
