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

2017-08-11
Price :
Published : Aug-2017
No. of Pages : 96

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

Summary

Global Confectionery sector was valued at US$156.4 Billion in 2016 and is forecast to record a CAGR of 4.6% during 2016-2021 to reach US$195.8 Billion by 2021. Western Europe, with a value share of 29.6% in the global Confectionery sector in 2016, represents the largest regional market, followed by North America at 27.5%. Asia-Pacific accounted for a 24% share in 2016 and is forecast to record the fastest CAGR of 7.2% during 2016-2021.

Sugar Confectionery is the largest market in the Asia-Pacific Confectionery sector, accounting for US$16,551 Million (44.2% of the overall Confectionery sector) in 2016, and is expected to reach US$22,209.7 Million in 2021 growing at a CAGR 6.1%. Within the sector, China accounts for the highest share at 56.4% of value sales, followed by Japan at 18.9% and India at 6.1%. In terms of growth, the Chocolate and Gum markets are forecast to witness the highest CAGRs of 7.6% and 8.8%, respectively, during 2016-2021.

Convenience Stores is the most popular channel for Confectionery products in the Asia-Pacific region, accounting for 41.3% of overall sales, followed by Hypermarkets & Supermarkets with a 38.7% share. This is due to the fact that Convenience Stores are ideal for picking up sweets and snacks as they are considered a more relaxed form of retailing where retailers attract consumers through optimum product placement. On the other hand, better availability and pricing drive sales through Hypermarkets & Supermarkets.

Flexible Packaging is the most commonly used packaging material in the Asia-Pacific Confectionery sector, accounting for 70.3% (in packaging unit terms) in 2016, while Bag/Sachet is the most used packaging container type, accounting for 32.1% in the same year. Flip/ Snap Top is the most commonly used packaging closure type, accounting for a 79.4% share in 2016, while Sleeve is the most commonly used packaging outer type accounting for a 47.5% share in the same year.

Overall Confectionery sector in the Asia-Pacific region is fragmented with the top five brands – Xylitol, Dove, Dairy milk, Extra, and Hsu-Fu-Chi – accounting for 12.2% of the market value in 2016. Private label accounted for 2.9% of the overall sector in 2016.

The report “Opportunities in the Asia-Pacific Confectionery Sector” brings together multiple data sources to provide a comprehensive overview of the Asia-Pacific Confectionery sector.

In particular, 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 markets 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 2016-2021, 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 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Confectionery products in the Asia-Pacific region, in 2016. It also covers the market share of leading companies offering Confectionery 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 2016. It covers seven distribution channels: Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, Department Stores, “Dollar Stores”, Variety Stores & General Merchandise Retailers, Vending Machines, and Others, which includes eRetailers, Cash & Carries & Warehouse Clubs, Drug stores & Pharmacies, and Other Retailers.

Companies mentioned in this report: The Hershey Company, Perfetti Van Melle, Nestle, Mondelez, Mars, Morinaga, Meiji, Lotte, Ferrero, Ezaki.

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 markets 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 2016-2021, 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 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Confectionery products in the Asia-Pacific region, in 2016. It also covers the market share of leading companies offering Confectionery 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 2016. It covers seven distribution channels: Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, Department Stores, “Dollar Stores”, Variety Stores & General Merchandise Retailers, Vending Machines, and Others, which includes eRetailers, Cash & Carries & Warehouse Clubs, Drug stores & Pharmacies, and Other Retailers.
- Preferred packaging formats: The report provides percentage share (in 2016) and growth analysis (during 2011-2021) for various packaging materials, containers, closures, and 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

Filed in: Food & Beverage
Publisher : GlobalData
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