Market Forecast By Type (Sugar, Chocolate, Fine Bakery Wares, Others), By Distribution Channel (Supermarket/Hypermarket, Specialist Retailers, Online Retail Stores, Convenience Stores, Other Distribution Channels) And Competitive Landscape
Product Code: ETC018173 | Publication Date: Jun 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Cambodia Confectionery market currently, in 2023, has witnessed an HHI of 2368, Which has decreased slightly as compared to the HHI of 3415 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Cambodia Confectionery Market |
Forecast period | 2025-2031 |
CAGR | 4.5% |
Growing Sector | Retail |
The Cambodia Confectionery Market report thoroughly covers the market by Type and Distribution Channel. The market report provides an unbiased and detailed analysis of the ongoing 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.
The Cambodia Confectionery Market has witnessed growth in recent years and is expected to grow steadily in the coming years. Factors such as rising disposable income, changing preferences, the influence of Western culture, government initiatives, and tourism are contributing to the growth of the market.
According to 6Wresearch, the Cambodia Confectionery Market size is expected to grow at a significant CAGR of 4.5% during 2025-2031. One of the main drivers is the increasing disposable income and changing consumer preferences. Consumers have more money to spend on indulgent treats like chocolates and candies. Another factor contributing to the growth of this market is the influence of Western culture and media. With the rise of social media platforms, Cambodian consumers are being exposed to a variety of confectionery products from around the world. Additionally, tourism has also played a significant role in boosting the confectionery market in Cambodia.
One major challenge is the competition from informal vendors who sell homemade or unbranded confectionery products at lower prices. Another challenge is the lack of infrastructure and distribution channels in Cambodia. Furthermore, the high cost of imported ingredients and packaging materials also poses a challenge for companies operating in this market.
The Cambodian confectionery market is highly competitive, with both international and local players vying for market share. Some of the key players operating in the market include Nestle SA, Perfetti Van Melle Group BV, Mondelez International Inc., The Hershey Company, Lotte Confectionery Co. Ltd., Ferrero SpA, and Meiji Co. Ltd. These companies have a wide range of products in their portfolio, including chocolates, candies, biscuits, and other confectionery items.
One of the key initiatives is the implementation of trade policies that encourage foreign investment in the confectionery industry. Additionally, there have been efforts to improve infrastructure and logistics, making it easier for manufacturers to transport their products both domestically and internationally. The government has also invested in training programs and workshops for small and medium-sized enterprises (SMEs) to improve their production capabilities and meet international quality standards. This has resulted in a significant increase in the variety and quality of confectionery products available in the market.
The Cambodia confectionery market is expected to witness significant growth in the coming years due to various factors. The rise in disposable income and changing consumer preferences towards indulgence products are driving the demand for confectionery. The increasing popularity of e-commerce platforms is also contributing to the growth of the market, allowing easier access to a wide variety of confectionery products. With the government's focus on promoting tourism and hospitality, there is a growing demand for premium and imported confectionery products, presenting opportunities for international players to enter the Cambodian market.
According to Ravi Bhandari, Research Head, 6Wresearch, sugar confectionery holds the largest market share in Cambodia due to its wide availability and affordability among consumers.
In terms of distribution channels, supermarkets/hypermarkets hold a dominant position in the Cambodia confectionery market. This can be attributed to factors such as convenience, variety of options, and promotional offers provided by these retailers.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cambodia Confectionery Market Overview |
3.1 Cambodia Country Macro Economic Indicators |
3.2 Cambodia Confectionery Market Revenues & Volume, 2021-2031F |
3.3 Cambodia Confectionery Market - Industry Life Cycle |
3.4 Cambodia Confectionery Market - Porter's Five Forces |
3.5 Cambodia Confectionery Market Revenues & Volume Share, By Type, 2021-2031F |
3.6 Cambodia Confectionery Market Revenues & Volume Share, By Distribution Channel, 2021-2031F |
4 Cambodia Confectionery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cambodia Confectionery Market Trends |
6 Cambodia Confectionery Market, By Types |
6.1 Cambodia Confectionery Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cambodia Confectionery Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Cambodia Confectionery Market Revenues & Volume, By Sugar, 2021-2031F |
6.1.4 Cambodia Confectionery Market Revenues & Volume, By Chocolate, 2021-2031F |
6.1.5 Cambodia Confectionery Market Revenues & Volume, By Fine Bakery Wares, 2021-2031F |
6.1.6 Cambodia Confectionery Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cambodia Confectionery Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Cambodia Confectionery Market Revenues & Volume, By Supermarket/Hypermarket, 2021-2031F |
6.2.3 Cambodia Confectionery Market Revenues & Volume, By Specialist Retailers, 2021-2031F |
6.2.4 Cambodia Confectionery Market Revenues & Volume, By Online Retail Stores, 2021-2031F |
6.2.5 Cambodia Confectionery Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.2.6 Cambodia Confectionery Market Revenues & Volume, By Other Distribution Channels, 2021-2031F |
7 Cambodia Confectionery Market Import-Export Trade Statistics |
7.1 Cambodia Confectionery Market Export to Major Countries |
7.2 Cambodia Confectionery Market Imports from Major Countries |
8 Cambodia Confectionery Market Key Performance Indicators |
9 Cambodia Confectionery Market - Opportunity Assessment |
9.1 Cambodia Confectionery Market Opportunity Assessment, By Type, 2021-2031F |
9.2 Cambodia Confectionery Market Opportunity Assessment, By Distribution Channel, 2021-2031F |
10 Cambodia Confectionery Market - Competitive Landscape |
10.1 Cambodia Confectionery Market Revenue Share, By Companies, 2024 |
10.2 Cambodia Confectionery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |