Asia Pacific Sugar Confectionery Market Size
Icons | Lable | Value |
---|---|---|
Study Period | 2018 - 2030 | |
Market Size (2024) | USD 16.49 Billion | |
Market Size (2030) | USD 21.64 Billion | |
Largest Share by Distribution Channel | Convenience Store | |
CAGR (2024 - 2030) | 4.63 % | |
Largest Share by Country | China | |
Market Concentration | Low | |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Asia Pacific Sugar Confectionery Market Analysis
The Asia Pacific Sugar Confectionery Market size is estimated at 16.49 billion USD in 2024, and is expected to reach 21.64 billion USD by 2030, growing at a CAGR of 4.63% during the forecast period (2024-2030).
16.49 Billion
Market Size in 2024 (USD)
21.64 Billion
Market Size in 2030 (USD)
1.19 %
CAGR (2018-2023)
4.63 %
CAGR (2024-2030)
Largest Segment by Confectionery Variant
27.10 %
value share, Pastilles, Gummies, and Jellies, Gummies
Consumers’ increased interest in new sweet confection products with innovative flavor, color, and shape preferences, especially from kids, is largely driving segmental growth.
Largest Segment by Distribution Channel
41.33 %
value share, Convenience Store, 2023
The feasible locations of convenience stores allow consumers to shop within minimal distances with wider chocolate product availability, making it a major market segment.
Fastest-growing Segment by Confectionery variant
5.54 %
Projected CAGR, Pastilles, Gummies, and Jellies, Gummies
The impact of innovative flavour profiles along with consequent shelf space in supermarkets and hypermarkets, is anticipated to drive the impulse purchasing of these products.
Fastest-growing Segment by Distribution Channel
4.89 %
Projected CAGR, Online Retail Store, 2024-2030
The growing technology in retail sector led to the growth of retailers using vending machines and specialty stores, which actively made the segment grow in the study period.
Leading Market Player
5.38 %
market share, Perfetti Van Melle BV, 2022
Product diversity in the sector, making innovative confectionery products for wide range of consumers in the region, gave Perfetti Van Melle space to occupy the market share.
Ease access and the availability of various brands of sugar confections make supermarkets/hypermarkets and convenience stores the major channels for sales of sugar confectionery in the region
- Convenience stores are the major retail channels for the sales of sugar confectionery in the Asia-Pacific region. Sugar confectionery products such as hard candy, jellies, gummies, mints, lollipops, and others are majorly available in convenience stores as they are perfect for on-the-go consumption, which shoppers are looking for within the channel. The sales value of sugar confectionery through convenience stores increased by 3.9% in 2023 compared to the previous year, 2022.
- The growing number of convenience stores is another factor anticipated to offer profitable growth opportunities for sugar confectionery during the forecast period. Convenience stores are available in most locations across the region. Among the regions, China has the greatest number of convenience stores. In 2022, more than 255,000 convenience stores existed in the country. Japan stood in second place with more than 58,000 stores.
- Supermarkets and hypermarkets are the second most widely preferred distribution channels after convenience stores. The sales value of sugar confectionery products through supermarkets and hypermarkets registered a growth rate of 7.1% from 2021 to 2023. These retail channels have a strong position due to the wide selection of brands offered, considerable shelf space, and frequent price promotions.
- The online channel is expected to be the fastest-growing distribution channel for the sales of sugar confectionery products in the region. The sales value of sugar confectionery products through online channels is anticipated to grow by 14.22% in 2027 from 2022. Consumers are likely to prefer online channels as they offer convenience, discounted rates, and provide quick delivery options.
China and India collectively accounted for more than 50% of the market share due to the large population of children, which is the major consumer group of sugar confectionery
- The sugar confectionery market in the Asia-Pacific region registered a growth of 3.99% in 2023 compared to the previous year, 2022. The sugar confectionery market in Asia-Pacific witnessed significant growth due to several factors, including rising disposable incomes, urbanization, changes in consumer preferences, and an increasing appetite for indulgent treats.
- China and India are identified as the major markets in the region, followed by Japan and Indonesia. China and India collectively accounted for 67.84% of the region's overall sugar confectionery market in 2023 in terms of volume. In 2023, the consumption of sugar confectionery in China reached around USD 13,639 million, representing a 7.29% growth from 2021. Consumer preference for tasty and convenient indulgent snacking is identified as the key market driver in the country.
- In India, the sugar confectionery market recorded a growth of 10.49% in volume from 2021 to 2023. High per capita consumption of sugar is identified as the key market driver. In 2022, per capita sugar consumption in India was around 20 kg annually. Also, the country has a large population of children, which is the major global consumer group for sugar confectionery. As of 2023, nearly 30% of the population of India are children (0-18 Years). Also, in Indonesia, children under the age of 18 represented about 29% of the country's population in 2023.
- In Japan, pastilles, gummies, and jellies were largely consumed in sugar confections, with a 27.62% share of the total sugar confectionery market in 2023. In Japan, gummies are popular confections among both children and adult consumers. Key manufacturers, including Kabaya, Meiji, Kasugai, and Nobel, offer gummies in a variety of flavors to attract potential consumers.
Asia Pacific Sugar Confectionery Market Trends
Festive seasons and holidays often witness a surge in the demand for sugar confectionery, coupled with the presence of leading manufacturers across the region
- Sugar confectionery consumption in Asia-Pacific is attributed to factors like traditional customs, cultural celebrations, and regular snacking among the population in the region. In Asia-Pacific, about 78% of consumers prefer consuming hard candies during their work and traveling period (2022-2023).
- Under product attributes, consumers are significantly focusing on brand image. Around 70% of the total population preferred products with a brand image (what is a good brand Image) in 2023.; Packaging is considered as the second most important product attribute for confectionery products, which determines the likelihood of purchasing.
- In 2023, sugar confections witnessed a hike in their sales by 4.5% when compared to 2022. The sales growth is linked to the growing consumer density for sugar confectioneries with unique flavors.; Under the sugar confectionery category, hard candy has been gaining a significant volume of popularity in 2022 as consumers prefer them during traveling and also during their working hours.
- In Asia, the consumption of sugar confectionery is generally preferred by sweet tooth consumers as these confections are high in sugar content and also come in unique flavors with different ingredients in them.
Asia Pacific Sugar Confectionery Industry Overview
The Asia Pacific Sugar Confectionery Market is fragmented, with the top five companies occupying 17.22%. The major players in this market are Mars Incorporated, Mondelēz International Inc., Morinaga & Co. Ltd, Nestlé SA and Perfetti Van Melle BV (sorted alphabetically).
Asia Pacific Sugar Confectionery Market Leaders
Mars Incorporated
Mondelēz International Inc.
Morinaga & Co. Ltd
Nestlé SA
Perfetti Van Melle BV
Other important companies include Ferrero International SA, Lotte Corporation, Meiji Holdings Company Ltd, Orion Holdings Corporation, The Bazooka Companies Inc., The Hershey Company.
*Disclaimer: Major Players sorted in alphabetical order.
Asia Pacific Sugar Confectionery Market News
- June 2023: Tic Tac launched a new spearmint flavor variant in India. The introduction of this refreshing and strong mint variant is aimed at meeting the longstanding demand for a flavor that can be enjoyed in diverse moments throughout the day, such as after meals, workouts, and before important meetings.
- April 2023: Tic Tac, the confectionery brand of Ferrero India, announced the launch of its latest Digital Influencer campaign, TicTacLife, in a musical collaboration with the internet sensation Yashraj Mukhate.
- March 2023: Hershey's introduced new Hershey's Kisses’ Milklicious candies, featuring a creamy chocolate milk filling packed into the delicious center of a rich, milk chocolate Hershey's Kisses candy.
Free with this Report
We provide a comprehensive and exhaustive set of data pointers for global, regional, and country-level metrics that illustrate the fundamentals of the confectionery industry. With the help of 45+ free charts, clients can access in-depth market analysis based on price trend analysis of confectionery ingredients and per capita consumption of confections, through granular-level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on confections, confectionery variants, sugar content, insights into consumer preferences and purchasing patterns, an overview of key market players, etc., are available in the form of comprehensive reports as well as excel-based data worksheets.
Asia Pacific Sugar Confectionery Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Regulatory Framework
2.2. Consumer Buying Behavior
2.3. Ingredient Analysis
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
3.1. Confectionery Variant
3.1.1. Hard Candy
3.1.2. Lollipops
3.1.3. Mints
3.1.4. Pastilles, Gummies, and Jellies
3.1.5. Toffees and Nougats
3.1.6. Others
3.2. Distribution Channel
3.2.1. Convenience Store
3.2.2. Online Retail Store
3.2.3. Supermarket/Hypermarket
3.2.4. Others
3.3. Country
3.3.1. Australia
3.3.2. China
3.3.3. India
3.3.4. Indonesia
3.3.5. Japan
3.3.6. Malaysia
3.3.7. New Zealand
3.3.8. South Korea
3.3.9. Rest of Asia-Pacific
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Ferrero International SA
4.4.2. Lotte Corporation
4.4.3. Mars Incorporated
4.4.4. Meiji Holdings Company Ltd
4.4.5. Mondelēz International Inc.
4.4.6. Morinaga & Co. Ltd
4.4.7. Nestlé SA
4.4.8. Orion Holdings Corporation
4.4.9. Perfetti Van Melle BV
4.4.10. The Bazooka Companies Inc.
4.4.11. The Hershey Company
5. KEY STRATEGIC QUESTIONS FOR CONFECTIONERY CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- VOLUME OF CONFECTIONERY MARKET, METRIC TONNES, ASIA-PACIFIC, 2018 - 2030
- Figure 2:
- VALUE OF CONFECTIONERY MARKET, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 3:
- VOLUME OF SUGAR CONFECTIONERY MARKET BY CONFECTIONERY VARIANT, METRIC TONNES, ASIA-PACIFIC, 2018 - 2030
- Figure 4:
- VALUE OF SUGAR CONFECTIONERY MARKET BY CONFECTIONERY VARIANT, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 5:
- VOLUME SHARE OF SUGAR CONFECTIONERY MARKET BY CONFECTIONERY VARIANT, %, ASIA-PACIFIC, 2018 VS 2024 VS 2030
- Figure 6:
- VALUE SHARE OF SUGAR CONFECTIONERY MARKET BY CONFECTIONERY VARIANT, %, ASIA-PACIFIC, 2018 VS 2024 VS 2030
- Figure 7:
- VOLUME OF HARD CANDY MARKET, METRIC TONNES, ASIA-PACIFIC, 2018 - 2030
- Figure 8:
- VALUE OF HARD CANDY MARKET, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 9:
- VALUE SHARE OF HARD CANDY MARKET BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 10:
- VOLUME OF LOLLIPOPS MARKET, METRIC TONNES, ASIA-PACIFIC, 2018 - 2030
- Figure 11:
- VALUE OF LOLLIPOPS MARKET, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 12:
- VALUE SHARE OF LOLLIPOPS MARKET BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 13:
- VOLUME OF MINTS MARKET, METRIC TONNES, ASIA-PACIFIC, 2018 - 2030
- Figure 14:
- VALUE OF MINTS MARKET, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 15:
- VALUE SHARE OF MINTS MARKET BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 16:
- VOLUME OF PASTILLES, GUMMIES, AND JELLIES MARKET, METRIC TONNES, ASIA-PACIFIC, 2018 - 2030
- Figure 17:
- VALUE OF PASTILLES, GUMMIES, AND JELLIES MARKET, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 18:
- VALUE SHARE OF PASTILLES, GUMMIES, AND JELLIES MARKET BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 19:
- VOLUME OF TOFFEES AND NOUGATS MARKET, METRIC TONNES, ASIA-PACIFIC, 2018 - 2030
- Figure 20:
- VALUE OF TOFFEES AND NOUGATS MARKET, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 21:
- VALUE SHARE OF TOFFEES AND NOUGATS MARKET BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 22:
- VOLUME OF OTHERS MARKET, METRIC TONNES, ASIA-PACIFIC, 2018 - 2030
- Figure 23:
- VALUE OF OTHERS MARKET, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 24:
- VALUE SHARE OF OTHERS MARKET BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 25:
- VOLUME OF SUGAR CONFECTIONERY MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, ASIA-PACIFIC, 2018 - 2030
- Figure 26:
- VALUE OF SUGAR CONFECTIONERY MARKET BY DISTRIBUTION CHANNEL, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 27:
- VOLUME SHARE OF SUGAR CONFECTIONERY MARKET BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2018 VS 2024 VS 2030
- Figure 28:
- VALUE SHARE OF SUGAR CONFECTIONERY MARKET BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2018 VS 2024 VS 2030
- Figure 29:
- VOLUME OF CONFECTIONERY MARKET SOLD VIA CONVENIENCE STORE, METRIC TONNES, ASIA-PACIFIC, 2018 - 2030
- Figure 30:
- VALUE OF CONFECTIONERY MARKET SOLD VIA CONVENIENCE STORE, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 31:
- VALUE SHARE OF CONFECTIONERY MARKET SOLD VIA CONVENIENCE STORE BY CONFECTIONERY VARIANTS, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 32:
- VOLUME OF CONFECTIONERY MARKET SOLD VIA ONLINE RETAIL STORE, METRIC TONNES, ASIA-PACIFIC, 2018 - 2030
- Figure 33:
- VALUE OF CONFECTIONERY MARKET SOLD VIA ONLINE RETAIL STORE, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 34:
- VALUE SHARE OF CONFECTIONERY MARKET SOLD VIA ONLINE RETAIL STORE BY CONFECTIONERY VARIANTS, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 35:
- VOLUME OF CONFECTIONERY MARKET SOLD VIA SUPERMARKET/HYPERMARKET, METRIC TONNES, ASIA-PACIFIC, 2018 - 2030
- Figure 36:
- VALUE OF CONFECTIONERY MARKET SOLD VIA SUPERMARKET/HYPERMARKET, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 37:
- VALUE SHARE OF CONFECTIONERY MARKET SOLD VIA SUPERMARKET/HYPERMARKET BY CONFECTIONERY VARIANTS, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 38:
- VOLUME OF CONFECTIONERY MARKET SOLD VIA OTHERS, METRIC TONNES, ASIA-PACIFIC, 2018 - 2030
- Figure 39:
- VALUE OF CONFECTIONERY MARKET SOLD VIA OTHERS, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 40:
- VALUE SHARE OF CONFECTIONERY MARKET SOLD VIA OTHERS BY CONFECTIONERY VARIANTS, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 41:
- VOLUME OF SUGAR CONFECTIONERY MARKET BY COUNTRY, METRIC TONNES, ASIA-PACIFIC, 2018 - 2030
- Figure 42:
- VALUE OF SUGAR CONFECTIONERY MARKET BY COUNTRY, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 43:
- VOLUME SHARE OF SUGAR CONFECTIONERY MARKET BY COUNTRY, %, ASIA-PACIFIC, 2018 VS 2024 VS 2030
- Figure 44:
- VALUE SHARE OF SUGAR CONFECTIONERY MARKET BY COUNTRY, %, ASIA-PACIFIC, 2018 VS 2024 VS 2030
- Figure 45:
- VOLUME OF SUGAR CONFECTIONERY MARKET, METRIC TONNES, AUSTRALIA, 2018 - 2030
- Figure 46:
- VALUE OF SUGAR CONFECTIONERY MARKET, USD, AUSTRALIA, 2018 - 2030
- Figure 47:
- VALUE SHARE OF SUGAR CONFECTIONERY MARKET BY CONFECTIONERY VARIANTS, %, AUSTRALIA, 2023 VS 2030
- Figure 48:
- VOLUME OF SUGAR CONFECTIONERY MARKET, METRIC TONNES, CHINA, 2018 - 2030
- Figure 49:
- VALUE OF SUGAR CONFECTIONERY MARKET, USD, CHINA, 2018 - 2030
- Figure 50:
- VALUE SHARE OF SUGAR CONFECTIONERY MARKET BY CONFECTIONERY VARIANTS, %, CHINA, 2023 VS 2030
- Figure 51:
- VOLUME OF SUGAR CONFECTIONERY MARKET, METRIC TONNES, INDIA, 2018 - 2030
- Figure 52:
- VALUE OF SUGAR CONFECTIONERY MARKET, USD, INDIA, 2018 - 2030
- Figure 53:
- VALUE SHARE OF SUGAR CONFECTIONERY MARKET BY CONFECTIONERY VARIANTS, %, INDIA, 2023 VS 2030
- Figure 54:
- VOLUME OF SUGAR CONFECTIONERY MARKET, METRIC TONNES, INDONESIA, 2018 - 2030
- Figure 55:
- VALUE OF SUGAR CONFECTIONERY MARKET, USD, INDONESIA, 2018 - 2030
- Figure 56:
- VALUE SHARE OF SUGAR CONFECTIONERY MARKET BY CONFECTIONERY VARIANTS, %, INDONESIA, 2023 VS 2030
- Figure 57:
- VOLUME OF SUGAR CONFECTIONERY MARKET, METRIC TONNES, JAPAN, 2018 - 2030
- Figure 58:
- VALUE OF SUGAR CONFECTIONERY MARKET, USD, JAPAN, 2018 - 2030
- Figure 59:
- VALUE SHARE OF SUGAR CONFECTIONERY MARKET BY CONFECTIONERY VARIANTS, %, JAPAN, 2023 VS 2030
- Figure 60:
- VOLUME OF SUGAR CONFECTIONERY MARKET, METRIC TONNES, MALAYSIA, 2018 - 2030
- Figure 61:
- VALUE OF SUGAR CONFECTIONERY MARKET, USD, MALAYSIA, 2018 - 2030
- Figure 62:
- VALUE SHARE OF SUGAR CONFECTIONERY MARKET BY CONFECTIONERY VARIANTS, %, MALAYSIA, 2023 VS 2030
- Figure 63:
- VOLUME OF SUGAR CONFECTIONERY MARKET, METRIC TONNES, NEW ZEALAND, 2018 - 2030
- Figure 64:
- VALUE OF SUGAR CONFECTIONERY MARKET, USD, NEW ZEALAND, 2018 - 2030
- Figure 65:
- VALUE SHARE OF SUGAR CONFECTIONERY MARKET BY CONFECTIONERY VARIANTS, %, NEW ZEALAND, 2023 VS 2030
- Figure 66:
- VOLUME OF SUGAR CONFECTIONERY MARKET, METRIC TONNES, SOUTH KOREA, 2018 - 2030
- Figure 67:
- VALUE OF SUGAR CONFECTIONERY MARKET, USD, SOUTH KOREA, 2018 - 2030
- Figure 68:
- VALUE SHARE OF SUGAR CONFECTIONERY MARKET BY CONFECTIONERY VARIANTS, %, SOUTH KOREA, 2023 VS 2030
- Figure 69:
- VOLUME OF SUGAR CONFECTIONERY MARKET, METRIC TONNES, REST OF ASIA-PACIFIC, 2018 - 2030
- Figure 70:
- VALUE OF SUGAR CONFECTIONERY MARKET, USD, REST OF ASIA-PACIFIC, 2018 - 2030
- Figure 71:
- VALUE SHARE OF SUGAR CONFECTIONERY MARKET BY CONFECTIONERY VARIANTS, %, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 72:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASIA-PACIFIC, 2018 - 2023
- Figure 73:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2018 - 2023
- Figure 74:
- VALUE SHARE OF MAJOR PLAYERS, %, ASIA-PACIFIC, 2022
Asia Pacific Sugar Confectionery Industry Segmentation
Hard Candy, Lollipops, Mints, Pastilles, Gummies, and Jellies, Toffees and Nougats, Others are covered as segments by Confectionery Variant. Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others are covered as segments by Distribution Channel. Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, South Korea are covered as segments by Country.
- Convenience stores are the major retail channels for the sales of sugar confectionery in the Asia-Pacific region. Sugar confectionery products such as hard candy, jellies, gummies, mints, lollipops, and others are majorly available in convenience stores as they are perfect for on-the-go consumption, which shoppers are looking for within the channel. The sales value of sugar confectionery through convenience stores increased by 3.9% in 2023 compared to the previous year, 2022.
- The growing number of convenience stores is another factor anticipated to offer profitable growth opportunities for sugar confectionery during the forecast period. Convenience stores are available in most locations across the region. Among the regions, China has the greatest number of convenience stores. In 2022, more than 255,000 convenience stores existed in the country. Japan stood in second place with more than 58,000 stores.
- Supermarkets and hypermarkets are the second most widely preferred distribution channels after convenience stores. The sales value of sugar confectionery products through supermarkets and hypermarkets registered a growth rate of 7.1% from 2021 to 2023. These retail channels have a strong position due to the wide selection of brands offered, considerable shelf space, and frequent price promotions.
- The online channel is expected to be the fastest-growing distribution channel for the sales of sugar confectionery products in the region. The sales value of sugar confectionery products through online channels is anticipated to grow by 14.22% in 2027 from 2022. Consumers are likely to prefer online channels as they offer convenience, discounted rates, and provide quick delivery options.
Confectionery Variant | |
Hard Candy | |
Lollipops | |
Mints | |
Pastilles, Gummies, and Jellies | |
Toffees and Nougats | |
Others |
Distribution Channel | |
Convenience Store | |
Online Retail Store | |
Supermarket/Hypermarket | |
Others |
Country | |
Australia | |
China | |
India | |
Indonesia | |
Japan | |
Malaysia | |
New Zealand | |
South Korea | |
Rest of Asia-Pacific |
Market Definition
- Milk and White Chocolate - Milk chocolates is a solid chocolate made with milk (in the form of either milk powder, liquid milk, or condensed milk) and cocoa solids. White chocolate is made from cocoa butter and milk and contains no cocoa solids whatsoever. The scope includes regular chocolates, low-sugar, and sugar-free variants
- Toffees & Nougats - Toffees include hard, chewy, and small or one-bite candies marketed with labels as toffee or toffee-like confectionery. Nougat is a chewy confection with almond, sugar, and egg white as a basic ingredient; and it originated in Europe and Middle East countries.
- Cereals Bars - A snack composed of breakfast cereal that has been compressed into a bar shape and is held together with a form of edible adhesive. The scope includes snack bars made with cereals such as rice, oats, corn, etc. mixed with a binding syrup. These also include products labeled as cereal bars, cereal treat bars, or grain bars.
- Chewing Gum - This is a preparation for chewing, usually made of flavored and sweetened chicle or such substitutes as polyvinyl acetate. The types of chewing gums included in the scope are sugar-chewing gums and sugar-free chewing gums
Keyword | Definition |
---|---|
Dark Chocolate | Dark chocolate is a form of chocolate containing cocoa solids and cocoa butter without the milk. |
White Chocolate | White chocolate is the type of chocolate containing the highest percentage of milk solids, typically around or over 30 percent. |
Milk Chocolate | Milk chocolate is made from dark chocolate that has a low cocoa solid content and higher sugar content, plus a milk product. |
Hard Candy | A candy made of sugar and corn syrup boiled without crystallizing. |
Toffees | A hard, chewy, often brown sweet that is made from sugar boiled with butter. |
Nougats | A chewy or brittle candy containing almonds or other nuts and sometimes fruit. |
Cereal bar | A cereal bar is a bar-shaped food product, made by pressing cereals and usually dried fruit or berries, which are in most cases held together by glucose syrup. |
Protein bar | Protein bars are nutrition bars that contain a high proportion of protein to carbohydrates/fats. |
Fruit & Nut bar | These are often based on dates with other dried fruit and nut additions and, in some cases, flavorings. |
NCA | The National Confectioners Association is an American trade organization that promotes chocolate, candy, gum and mints, and the companies that make these treats. |
CGMP | Current good manufacturing practices are those conforming to the guidelines recommended by relevant agencies. |
Unstandardized foods | Unstandardized foods are those that do not have a standard of identity or that deviate from a prescribed standard in any manner. |
GI | The glycemic index (GI) is a way of ranking carbohydrate-containing foods based on how slowly or quickly they are digested and increase blood glucose levels over a period of time |
Skimmed milk powder | Skimmed milk powder is obtained by removing water from pasteurized skim milk by spray-drying. |
Flavanols | Flavanols are a group of compounds found in cocoa, tea, apples, and many other plant-based foods and beverages. |
WPC | Whey protein concentrate- the substance obtained by the removal of sufficient nonprotein constituents from pasteurized whey so that the finished dry product contains greater than 25% protein. |
LDL | Low density Lipoprotein- the bad cholesterol |
HDL | High density Lipoprotein- the good cholesterol |
BHT | butylated Hydroxytoluene is a lab-made chemical that is added to foods as a preservative. |
Carrageenan | Carrageenan is an additive used to thicken, emulsify, and preserve foods and drinks. |
Free form | Not containing certain ingredients, such as gluten, dairy, or sugar. |
Cocoa butter | It is a fatty substance obtained from cocoa beans, used in the manufacture of confectionery. |
Pastellies | A type of of Brazilian candy made from sugar, eggs, and milk. |
Draggees | Small, round candies that are coated with a hard sugar shell |
CHOPRABISCO | Royal Belgian Association of the chocolate, pralines, biscuit, and confectionery industry- A trade association that represents the Belgian chocolate industry. |
European Directive 2000/13 | A European Union directive that regulates the labeling of food products |
Kakao-Verordnung | The German chocolate ordinance, a set of regulations that define what can be labeled as "chocolate" in Germany. |
FASFC | Federal Agency for the Safety of the Food Chain |
Pectin | A natural substance that is derived from fruits and vegetables. It is used in confectionery to create a gel-like texture. |
Invert sugars | A type of sugar that is made up of glucose and fructose. |
Emulsifier | A substance that helps to mix to liquids that does not mix together. |
Anthocyanins | A type of flavonoid that is responsible for the red, purple, and blue colors of confectionery. |
Functional Foods | Foods that have been modified to provide additional health benefits beyond basic nutrition. |
Kosher certificate | This certification verifies that the ingredients, production process including all machinery, and/or food-service process complies with the standards of Jewish dietary law |
Chicory root extract | A natural extract from the chicory root that is a good source of fiber, calcium, phosphorous, and folate |
RDD | Recommended daily dose |
Gummies | A chewy gelatin-based candy that is often flavored with fruit. |
Nutraceuticals | Food or dietary supplements that are claimed to have health benefits. |
Energy bars | Snack bars that are high in carbohydrates and calories are designed to provide energy on the go. |
BFSO | Belgian Food Safety Organization for the food chain. |
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms