Asia Pacific (APAC) Candy Market (2020-2026) | COVID-19 IMPACT, Share, Growth, Forecast, Analysis, Companies, Industry, Size, Value, Revenue, Trends & Outlook

Asia Pacific Candy market is expected to register growth in the coming years due to changing consumer preferences & high disposable income in developed and developing countries. The fact is, Asia Pacific leads the candy’s market sale followed by India. Children and the young population are the target market for candy manufacturers. India, China, Japan, Australia, South Korea & the Association of Southeast Asian Nations (ASEAN) are major regional markets for Asia Pacific Candy Market. India is the fastest-growing regional market among all the countries of Asia Pacific. Increasing population, high disposable income, developing emerging economies within the region, rising demands for chocolates & Increasing health awareness are the major growth drivers of the industry. Additionally, Asia Pacific’s candy market can be segmented into gums & mints, chocolates and non- chocolates. The chocolate segment is considered the largest market share in Asia Pacific candy market. The biggest constraints are uncertain consumer behavior, rise in raw material cost, health issues and increasing government rules can be the biggest challenge for Asia candy market. Covid- 19 affected production, demand, market disruption & financial impact on the markets and firms.

According to 6Wresearch, Asia Pacific (APAC) Candy Market size is anticipated to register growth during 2020-2026. Besides India, China’s sales are increasing due to the increased use of confectionery as a snack among the customers & the rise in purchasing power of the Chinese. Chinese Consumer prefers small packaging of the product for less consumption of sugar content & they love innovative flavors in the product. Major players in Asia Pacific Candy market are Mars, Mondelez International Inc., Ferrero & Nestle. Additionally, key players are focusing on online distribution channel for the branding of their products & online marketing to increase their customer reach & geographic reach. Mars adopted strategies like partnerships & investments to enhance its business capabilities. Asians are more concerned with the quality of the product because of the growing popularity of pure chocolates in Asia. India, China, New Zealand & Australia accounts for high potential countries based on a unique scoring system consists of the risk-reward analysis of 12 economies in the APAC region. Top countries are dealing in mergers & acquisitions activities like in Q3 2019 (Japan with 9 companies).

Based on product type, the candy market is bifurcated into chocolate candy and non-chocolate candy. Further, in terms of distribution channel, the market is categorized into Supermarkets and Hypermarkets, Convenience Stores, Specialist Retailers, Online Retail and Others. Amul just launched Green-T chocolate and it claims that it is enriched with tea extracts. Nestle enhances environmental measures by launching smarties (recyclable packaging). Moreover, Customers crave unique & novel flavors that’s why Asia pacific manufactures launching products that suit the taste & preferences of different customers. Mars introduced chocolate candies in a Lahuasheng (spicy peanut flavor in china) however in New Zealand Whittaker’s introduced chocolate bars (with ingredients such as Australian wattleseeds). China, India & Japan together considered for two-third value sales in Asia Pacific Candy market.

Asia Pacific candy market report thoroughly covers the market By Product type, distribution channel and countries including Indonesia, Japan, China, India, South Korea and the rest of Asia Pacific. Asia Pacific Candy market outlook provides an unbiased & detailed analysis of the ongoing Asia Pacific candy market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Asia Pacific candy market is projected to register sound in the coming timeframe on the back of the rising consumer base in the developed and developing countries. Further, based on the distribution channel, the rising expansion of the retail stores is estimated to gain traction in the market underpinned by a wide range of product availability that tends to attract children this helps the new marketers towards the product innovation by adding new flavors which are further resulting in the massive growth of the candy market in the entire Asia Pacific region in the upcoming six years.

Key Highlights of The Reports

• Asia Pacific Candy Market Outlook
• Asia Pacific Candy Market Overview
• Asia Pacific Candy Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Asia Pacific Candy Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Product Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Distribution
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for China Candy Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for India Candy Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Japan Candy Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for South Korea Candy Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Rest of Asia Pacific Candy Market
• Market Drivers and Restraints
• Asia Pacific Candy Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Asia Pacific Candy Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Distribution:
• Supermarkets and Hypermarkets
• Convenience Stores
• Specialist Retailers
• Online Retail
• Others
• By Product Type:
• Chocolate Candy
• Non-chocolate Candy 
• By Countries:
• China
• India
• Japan
• South Korea
• Rest of Asia Pacific

Frequently Asked Questions About the Market Study (FAQs):