Thailand Sugar Confectionery Market (2025-2031) | Industry, Revenue, Companies, Share, Analysis, Trends, Size, Outlook, Value, Forecast & Growth

Market Forecast By Product Type (Hard-Boiled Sweets, Caramel & Toffees, Gums & Jellies, Medicated Confectionery, Mints, Others ), By Packaging Type (Sachet, Box, Others), By  Distribution Channel (Retail Stores, Online Stores, Others) And Competitive Landscape
Product Code: ETC019305 Publication Date: Jul 2023 Updated Date: Feb 2025 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Thailand Sugar Confectionery Market Competition 2023

Thailand Sugar Confectionery market currently, in 2023, has witnessed an HHI of 2175, Which has increased slightly as compared to the HHI of 2091 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.

 Thailand Sugar Confectionery Market Competition 2023

Thailand Export Potential Assessment For Sugar Confectionery Market (Values in USD Thousand)


Thailand Export Potential Assessment For Sugar Confectionery Market (Values in USD Thousand)

Thailand Sugar Confectionery Market Synopsis

The sugar confectionery market in Thailand is expected to register a CAGR of 4.5% during the forecast period (2025-2031). The growth of the sugar confectionery market in Thailand can be attributed to several factors such as rising disposable income, increasing urbanization, and changing lifestyles. Moreover, with the increasing availability of various flavors and varieties of candies, gums, chocolates, lollipops, caramels etc., manufacturers are focusing on product innovation which is further driving the growth of this market.

Market Drivers

Rising disposable income in Thailand has led to an increase in spending on luxury items including sweets and chocolates by consumers. In addition, rapid urbanization due to migration from rural areas has raised per capita incomes leading to increased purchasing power for discretionary items like confectioneries among middle class households. This trend has given rise to demand for premium products such as chocolate candy bars with different flavors and shapes at reasonable prices offered by local players across grocery stores or convenience stores throughout Thailand. Change in lifestyle among consumers particularly young adults have also driven up sales of sugar confections since they are more likely than ever before to indulge themselves in sweet treats rather than fast food meals because snacks are considered convenient but still indulgent treats that can easily fit into their busy lifestyles without sacrificing taste or nutrition value. This factor is projected drive the consumption volume over 2025-2031 period.

Challenges of the Market

Growing health consciousness amongst people regarding their diet and lifestyle habits has restrained them from opting for sugary snacks which contain large amounts saturated fats & calories thus hampering overall sale volumes across channels such as supermarkets/hypermarkets & general retail outlets.To overcome this challenge, companies operating within this space have started developing healthy snacking options using natural ingredients such dextrose instead of regular white refined sugars resulting into high demand for low fat range products while meeting consumer preferences.

Covid-19 Impact on the Market

The Covid-19 pandemic has had a significant impact on the Thailand sugar confectionery market. The restrictions on travel, social distancing measures, and lockdowns have led to decreased consumer spending, shifting demand for traditional sweets such as caramelized coconut milk or sesame candy bars to more affordable snacks such as chips and nuts. In addition, manufacturers have seen their production capacity decline due to supply chain disruption caused by the closure of some factories in China. Another major challenge has been the shortage of raw materials for certain types of sweets.

Key Players of the Market

Despite these issues, many companies are finding ways to adapt and remain competitive in this changing landscape. For example, CPF (Charoen Pokphand Foods) is focusing on developing new products that meet current consumer needs while maintaining its cost efficiency through continuous improvement initiatives across all stages of its manufacturing process. Similarly Mondelez International Inc., one of the key players in Thailand sugar confectionery market is ramping up production at existing facilities and investing heavily in product innovation including new flavors for its biscuit range and chocolate coated treats with unique fillings such as honeycomb or chunky nut clusters.This focus on customer satisfaction suggests that despite short term disruptions caused by Covid-19, the industry`s longterm prospects remain strong.

Key Highlights of the Report:

  • Thailand Sugar Confectionery Market Outlook
  • Market Size of Thailand Sugar Confectionery Market, 2024
  • Forecast of Thailand Sugar Confectionery Market, 2031
  • Historical Data and Forecast of Thailand Sugar Confectionery Revenues & Volume for the Period 2021-2031
  • Thailand Sugar Confectionery Market Trend Evolution
  • Thailand Sugar Confectionery Market Drivers and Challenges
  • Thailand Sugar Confectionery Price Trends
  • Thailand Sugar Confectionery Porter's Five Forces
  • Thailand Sugar Confectionery Industry Life Cycle
  • Historical Data and Forecast of Thailand Sugar Confectionery Market Revenues & Volume By Product Type for the Period 2021-2031
  • Historical Data and Forecast of Thailand Sugar Confectionery Market Revenues & Volume By Hard-Boiled Sweets for the Period 2021-2031
  • Historical Data and Forecast of Thailand Sugar Confectionery Market Revenues & Volume By Caramel & Toffees for the Period 2021-2031
  • Historical Data and Forecast of Thailand Sugar Confectionery Market Revenues & Volume By Gums & Jellies for the Period 2021-2031
  • Historical Data and Forecast of Thailand Sugar Confectionery Market Revenues & Volume By Medicated Confectionery for the Period 2021-2031
  • Historical Data and Forecast of Thailand Sugar Confectionery Market Revenues & Volume By Mints for the Period 2021-2031
  • Historical Data and Forecast of Thailand Sugar Confectionery Market Revenues & Volume By Others? for the Period 2021-2031
  • Historical Data and Forecast of Thailand Sugar Confectionery Market Revenues & Volume By Packaging Type for the Period 2021-2031
  • Historical Data and Forecast of Thailand Sugar Confectionery Market Revenues & Volume By Sachet for the Period 2021-2031
  • Historical Data and Forecast of Thailand Sugar Confectionery Market Revenues & Volume By Box for the Period 2021-2031
  • Historical Data and Forecast of Thailand Sugar Confectionery Market Revenues & Volume By Others for the Period 2021-2031
  • Historical Data and Forecast of Thailand Sugar Confectionery Market Revenues & Volume By ?Distribution Channel for the Period 2021-2031
  • Historical Data and Forecast of Thailand Sugar Confectionery Market Revenues & Volume By Retail Stores for the Period 2021-2031
  • Historical Data and Forecast of Thailand Sugar Confectionery Market Revenues & Volume By Online Stores for the Period 2021-2031
  • Historical Data and Forecast of Thailand Sugar Confectionery Market Revenues & Volume By Others for the Period 2021-2031
  • Thailand Sugar Confectionery Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By Packaging Type
  • Market Opportunity Assessment By ?Distribution Channel
  • Thailand Sugar Confectionery Top Companies Market Share
  • Thailand Sugar Confectionery Competitive Benchmarking By Technical and Operational Parameters
  • Thailand Sugar Confectionery Company Profiles
  • Thailand Sugar Confectionery Key Strategic Recommendations
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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 Thailand Sugar Confectionery Market Overview

3.1 Thailand Country Macro Economic Indicators

3.2 Thailand Sugar Confectionery Market Revenues & Volume, 2021 & 2031F

3.3 Thailand Sugar Confectionery Market - Industry Life Cycle

3.4 Thailand Sugar Confectionery Market - Porter's Five Forces

3.5 Thailand Sugar Confectionery Market Revenues & Volume Share, By Product Type, 2021 & 2031F

3.6 Thailand Sugar Confectionery Market Revenues & Volume Share, By Packaging Type, 2021 & 2031F

3.7 Thailand Sugar Confectionery Market Revenues & Volume Share, By  Distribution Channel, 2021 & 2031F

4 Thailand Sugar Confectionery Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Thailand Sugar Confectionery Market Trends

6 Thailand Sugar Confectionery Market, By Types

6.1 Thailand Sugar Confectionery Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 Thailand Sugar Confectionery Market Revenues & Volume, By Product Type, 2021-2031F

6.1.3 Thailand Sugar Confectionery Market Revenues & Volume, By Hard-Boiled Sweets, 2021-2031F

6.1.4 Thailand Sugar Confectionery Market Revenues & Volume, By Caramel & Toffees, 2021-2031F

6.1.5 Thailand Sugar Confectionery Market Revenues & Volume, By Gums & Jellies, 2021-2031F

6.1.6 Thailand Sugar Confectionery Market Revenues & Volume, By Medicated Confectionery, 2021-2031F

6.1.7 Thailand Sugar Confectionery Market Revenues & Volume, By Mints, 2021-2031F

6.1.8 Thailand Sugar Confectionery Market Revenues & Volume, By Others , 2021-2031F

6.2 Thailand Sugar Confectionery Market, By Packaging Type

6.2.1 Overview and Analysis

6.2.2 Thailand Sugar Confectionery Market Revenues & Volume, By Sachet, 2021-2031F

6.2.3 Thailand Sugar Confectionery Market Revenues & Volume, By Box, 2021-2031F

6.2.4 Thailand Sugar Confectionery Market Revenues & Volume, By Others, 2021-2031F

6.3 Thailand Sugar Confectionery Market, By  Distribution Channel

6.3.1 Overview and Analysis

6.3.2 Thailand Sugar Confectionery Market Revenues & Volume, By Retail Stores, 2021-2031F

6.3.3 Thailand Sugar Confectionery Market Revenues & Volume, By Online Stores, 2021-2031F

6.3.4 Thailand Sugar Confectionery Market Revenues & Volume, By Others, 2021-2031F

7 Thailand Sugar Confectionery Market Import-Export Trade Statistics

7.1 Thailand Sugar Confectionery Market Export to Major Countries

7.2 Thailand Sugar Confectionery Market Imports from Major Countries

8 Thailand Sugar Confectionery Market Key Performance Indicators

9 Thailand Sugar Confectionery Market - Opportunity Assessment

9.1 Thailand Sugar Confectionery Market Opportunity Assessment, By Product Type, 2021 & 2031F

9.2 Thailand Sugar Confectionery Market Opportunity Assessment, By Packaging Type, 2021 & 2031F

9.3 Thailand Sugar Confectionery Market Opportunity Assessment, By  Distribution Channel, 2021 & 2031F

10 Thailand Sugar Confectionery Market - Competitive Landscape

10.1 Thailand Sugar Confectionery Market Revenue Share, By Companies, 2024

10.2 Thailand Sugar Confectionery Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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