Asia Pacific Confectionery Market Boasts 5.4% CAGR through 2030, Energized by Healthier Snack Choices and Cultural Celebrations
Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "Asia Pacific Confectionery Market Size, Share & Industry Trends Analysis Report By Distribution Channel (Offline, and Online), By Product Type, By Country and Growth Forecast, 2023 - 2030" report has been added to * ResearchAndMarkets.com's* offering.
The global confectionery market continues to experience a significant surge, with the Asia Pacific region demonstrating a substantial growth trajectory. Our company is excited to introduce a comprehensive research publication to our website, analyzing the vibrant Asia Pacific Confectionery Market and its potential unfolding from 2023 to 2030.
*Market Growth Driven by Balanced Diet Trends and Cultural Significance*
The report examines key factors propelling market expansion and reveals that the market underwent a considerable volume increase of 5.5% from 2019 to 2022. A notable shift towards better-for-you (BFY) snacks, encompassing reduced sugar and boosted protein or fiber, is contributing to the market dynamics. Preferences for sweet snacks over savory ones for various snacking occasions are reinforcing this trend.
*Integration of Festive Traditions and Localized Product Innovation Fueling Expansion*
The Asia Pacific region's diverse cultural landscape plays a pivotal role in the confectionery market's evolution, with countries such as China and India integrating sweets as essential components of traditional celebrations, leading to a consistent demand. The exploration of regional specificities is also evident, as manufacturers customize their offerings to align with local preferences, further stimulating market growth.
*Market Dominance and Country-Specific Analysis*
In a country-by-country breakdown, China emerges as the dominant force in the Asia Pacific Confectionery Market and is forecasted to achieve an impressive market value by 2030. Meanwhile, Japan and India are also charted for significant growth rates within the forecast period.
· Distribution Channel Insights: The market is parsed into offline and online segments.
· Product Type Dissection: A deep dive into chocolate, including milk, dark, and white, along with mints, medicated confectionery, hard-boiled sweets, gums & jellies, caramels & toffees, fine bakery wares, and other categories.
· Geographical Scope: The encompassing coverage features key regions—China, Japan, India, South Korea, Singapore, Malaysia, and the rest of the Asia Pacific.
*Strategic Competitive Landscape*
The publication provides an exhaustive analysis of the market's competitive framework, featuring industry titans like Mars, Inc., Nestle S.A., Mondelez International, Inc., and others that are redefining the confectionery space within the region.
*Commitment to Comprehensive Coverage*
The research offering is a testament to our company's dedication to furnishing stakeholders with a 360-degree view of the market. It serves as an invaluable tool for understanding the intricate dynamics defining the Asia Pacific Confectionery Market, assisting decision-makers in navigating its complex landscape.
*Anticipated Market Evolution and Strategic Recommendations*
Stakeholders across various sectors will find this report indispensable, as it not only charts historical growth patterns and current market standing but also propounds forecasts that will guide strategic business decisions in the years ahead. The depth of the report’s coverage ensures a holistic approach resonating with industry executives, investors, marketers, and researchers alike.
By offering a magnifying lens over the Asia Pacific Confectionery Market's nuances, the report elevates the understanding of the market’s trajectory, facilitating strategic business planning and offering actionable insights to harness the opportunities presented by this evolving sector.
*Companies Mentioned*
· Mars, Inc.
· Nestle S.A
· Mondelez International, Inc.
· Ferrero Group
· Lindt & Sprungli AG
· The Hershey Company (Hershey Trust Company)
· Meiji Holdings Co., Ltd.
· Lotte Corporation
· Delfi Limited
· Ezaki Glico Co., Ltd
For more information about this report visit https://www.researchandmarkets.com/r/i35i16
*About ResearchAndMarkets.com*
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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