Confectionery Market Regulations and Competitive Landscape Outlook to 2025
The confectionery market is segmented into three segments – Chocolates, Sugar confectionery and Gum. Chocolates constitutes the significant part of confectionery market. Cocoa and sugar are the raw materials for chocolate and latex is the raw material used for gum.World’s largest cocoa processor Barry Callebaut’s production has also moved to Asia pacific and Latin America because of its low production costs and great future opportunities.Its factories are in Malaysia and Thailand. Nestle has acquired a majority stake in Chinese confectioner Hsu Fu Chi. Europe constitutes the biggest share of confectionery market, followed by Asia Pacific confectionery market. ASEAN region has become an attractive place to do business. Some big MNC’s have shifted their base(plants) for the production of chocolate to Indonesia to improve efficiency and reduce costs in supply. Indonesia has the most consumption of confectionery items as compared to other South East Asian countries. Flavors GmbH (WILD), another company is opening its branch center in Singapore to serve the hub for the ASEAN region. Main markets in South East Asian countries include Thailand, Vietnam, Philippines and Indonesia for confectionery market.
The confectionery market is segmented into three segments – Chocolates, Sugar confectionery and Gum. Chocolates constitutes the significant part of confectionery market. Cocoa and sugar are the raw materials for chocolate and latex is the raw material used for gum.World’s largest cocoa processor Barry Callebaut’s production has also moved to Asia pacific and Latin America because of its low production costs and great future opportunities.Its factories are in Malaysia and Thailand. Nestle has acquired a majority stake in Chinese confectioner Hsu Fu Chi.
Europe constitutes the biggest share of confectionery market, followed by Asia Pacific confectionery market. ASEAN region has become an attractive place to do business. Some big MNC’s have shifted their base(plants) for the production of chocolate to Indonesia to improve efficiency and reduce costs in supply. Indonesia has the most consumption of confectionery items as compared to other South East Asian countries. Flavors GmbH (WILD), another company is opening its branch center in Singapore to serve the hub for the ASEAN region. Main markets in South East Asian countries include Thailand, Vietnam, Philippines and Indonesia for confectionery market.
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ASEAN<br />
<strong>Confectionery</strong><br />
<strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation <strong>and</strong> Forecast,<br />
2015 – <strong>2025</strong><br />
Future <strong>Market</strong> Insights<br />
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Europe constitutes the biggest share of confectionery market, followed by Asia Pacific confectionery market.<br />
ASEAN region has become an attractive place <strong>to</strong> do business. Some big MNC’s have shifted their base(plants)<br />
for the production of chocolate <strong>to</strong> Indonesia <strong>to</strong> improve efficiency <strong>and</strong> reduce costs in supply. Indonesia has<br />
the most consumption of confectionery items as compared <strong>to</strong> other South East Asian countries.<br />
Report Description<br />
ASEAN <strong>Confectionery</strong> <strong>Market</strong> Overview<br />
Items in confectionery market consists of c<strong>and</strong>ies, chocolates, <strong>to</strong>ffees, lollies, bakery items;basically food<br />
items that are rich in sugar <strong>and</strong> sweet content. Mostly confectionery market items consists of food products<br />
like butter, cocoa, honey, milk, flour, fruits, honey, nuts, sugar syrup <strong>and</strong> more. They are consumed globally,<br />
mostly by all regions <strong>and</strong> countries <strong>and</strong> are expected <strong>to</strong> grow in developing countries. <strong>Confectionery</strong> market<br />
is growing in mostly all the South East Asian countries <strong>and</strong> saw a tremendous growth in the last couple of<br />
years.<br />
ASEAN <strong>Confectionery</strong> <strong>Market</strong> Segmentation<br />
The confectionery market is segmented in<strong>to</strong> three segments – Chocolates, Sugar confectionery <strong>and</strong> Gum.<br />
Chocolates constitutes the significant part of confectionery market. Cocoa <strong>and</strong> sugar are the raw materials<br />
for chocolate <strong>and</strong> latex is the raw material used for gum.World’s largest cocoa processor Barry Callebaut’s<br />
production has also moved <strong>to</strong> Asia pacific <strong>and</strong> Latin America because of its low production costs <strong>and</strong> great<br />
future opportunities.Its fac<strong>to</strong>ries are in Malaysia <strong>and</strong> Thail<strong>and</strong>. Nestle has acquired a majority stake in<br />
Chinese confectioner Hsu Fu Chi.<br />
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Mostly confectionery items are sold in retail s<strong>to</strong>res, hypermarkets, supermarkets <strong>and</strong> convenience s<strong>to</strong>res.<br />
Multinational flavor companies <strong>and</strong> smaller local manufacturers are active in South EastAsia confectionery<br />
market. The latter offers good distribution expertise <strong>and</strong> local connections. Innovation by producers playing<br />
a great role in experimenting with flavors, taste, size which is driving a growth of this market.<br />
Report Description<br />
Flavors GmbH (WILD), another company is opening its branch center in Singapore <strong>to</strong> serve the hub for the<br />
ASEAN region. Main markets in South East Asian countries include Thail<strong>and</strong>, Vietnam, Philippines <strong>and</strong><br />
Indonesia for confectionery market.<br />
ASEAN <strong>Confectionery</strong> <strong>Market</strong> Dynamics<br />
Rising disposable income, higher population, high GDP growth <strong>and</strong> consumer spending are the major key<br />
drivers of ASEAN confectionery market. The biggest constraint <strong>to</strong> ASEAN confectionery market could be rise<br />
in raw material cost <strong>and</strong> uncertain consumer behaviour. Also health issues, increasing government<br />
regulations, could also be the biggest challenge for confectionery market. Chocolate segment expected <strong>to</strong><br />
grow the most under ASEAN confectionery market. On special occasions <strong>and</strong> celebrations, sale of<br />
confectionery items increase because people gift each other <strong>and</strong> its consumption <strong>and</strong> dem<strong>and</strong> increase.<br />
Vietnam is gradually cutting down the import tax imposed on products of ASEAN, countries in accordance<br />
with the ASEAN Free Trade Area, AFTA, regulations. As a result, the Vietnamese confectionery market is<br />
vibrant compared <strong>to</strong> other nations.<br />
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ASEAN <strong>Confectionery</strong> <strong>Market</strong> Distribution Channel
Report Description<br />
Enterprises operating under Vietnamese confectionery market use modern technology of foreign countries<br />
such as Germany, Italy, Japan <strong>and</strong> Austria <strong>to</strong> make their products, <strong>and</strong> apply non-chemical preservation<br />
techniques<br />
ASEAN <strong>Confectionery</strong> <strong>Market</strong> Key Players<br />
Key players in this confectionery market are Ferraro, Hershey’s,Lindt, Wrigley’s, Perfetti Van Melle <strong>and</strong><br />
ChupaChupa. Product innovation <strong>and</strong> consistent in quality are the reasons for their success. Dunkin Donuts<br />
has signed a franchisee agreement <strong>to</strong> develop a br<strong>and</strong> in Vietnam with Vietnam Food <strong>and</strong> Beverage Co.<br />
domestic confectionery companies have simultaneously launched many new products in confectionery<br />
market. Pioneers of the campaign included famous companies such as Kinh Do, Bibica, Ko<strong>to</strong>buki, <strong>and</strong> smaller<br />
producers like Nguyen Tran <strong>and</strong> ThanhPhat, etc. ierce competition was found between Malaysian Khongguan<br />
biscuits <strong>and</strong> Vietnamese products<br />
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