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Asia Pacific Sugar Confectionery Market Size

The Asia Pacific sugar confectionery market is experiencing growth driven by factors such as rising disposable incomes, urbanization, and changing consumer preferences. Convenience stores play a significant role in the distribution of these products, catering to the demand for on-the-go consumption. Supermarkets and hypermarkets also contribute to the market's expansion, offering a wide range of brands and frequent promotions. The online channel is emerging as the fastest-growing distribution method, appealing to consumers with its convenience and discounts. China and India are the leading markets in the region, with a substantial share of the market, followed by Japan and Indonesia.

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Market Size of asia pacific sugar confectionery Industry

Asia Pacific Sugar Confectionery Market Summary
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svg icon Study Period 2018 - 2030
svg icon Market Size (2024) USD 16.49 Billion
svg icon Market Size (2030) USD 21.64 Billion
svg icon Largest Share by Distribution Channel Convenience Store
svg icon CAGR (2024 - 2030) 4.63 %
svg icon Largest Share by Country China
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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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

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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

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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

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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

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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

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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.
Asia Pacific Sugar Confectionery Market

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 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
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Asia Pacific Sugar Confectionery Market Size Summary

The Asia Pacific sugar confectionery market is experiencing a robust expansion, driven by increasing consumer demand for convenient and indulgent snacks. Convenience stores emerge as the primary retail channel, offering a wide range of sugar confectionery products such as hard candy, jellies, gummies, mints, and lollipops, which cater to on-the-go consumers. The proliferation of convenience stores, particularly in China and Japan, is expected to bolster market growth. Supermarkets and hypermarkets also play a significant role, providing extensive brand selections and promotional offers. Meanwhile, online sales channels are anticipated to be the fastest-growing distribution method, appealing to consumers with their convenience and competitive pricing.

The market's growth is underpinned by rising disposable incomes, urbanization, and shifting consumer preferences towards sweet treats. China and India are the dominant markets, collectively accounting for a substantial portion of the region's sugar confectionery consumption. In Japan, specific products like pastilles and gummies are particularly popular, supported by key manufacturers offering diverse flavors. The market is characterized by a focus on brand image and packaging, influencing consumer purchasing decisions. The fragmented nature of the market sees major players like Mars, Mondelēz, Morinaga, Nestlé, and Perfetti Van Melle leading the charge, with ongoing product innovations and marketing campaigns to capture consumer interest.

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Asia Pacific Sugar Confectionery Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Confectionery Variant

      1. 1.1.1 Hard Candy

      2. 1.1.2 Lollipops

      3. 1.1.3 Mints

      4. 1.1.4 Pastilles, Gummies, and Jellies

      5. 1.1.5 Toffees and Nougats

      6. 1.1.6 Others

    2. 1.2 Distribution Channel

      1. 1.2.1 Convenience Store

      2. 1.2.2 Online Retail Store

      3. 1.2.3 Supermarket/Hypermarket

      4. 1.2.4 Others

    3. 1.3 Country

      1. 1.3.1 Australia

      2. 1.3.2 China

      3. 1.3.3 India

      4. 1.3.4 Indonesia

      5. 1.3.5 Japan

      6. 1.3.6 Malaysia

      7. 1.3.7 New Zealand

      8. 1.3.8 South Korea

      9. 1.3.9 Rest of Asia-Pacific

Asia Pacific Sugar Confectionery Market Size FAQs

The Asia Pacific Sugar Confectionery Market size is expected to reach USD 16.49 billion in 2024 and grow at a CAGR of 4.63% to reach USD 21.64 billion by 2030.

In 2024, the Asia Pacific Sugar Confectionery Market size is expected to reach USD 16.49 billion.

Asia Pacific Sugar Confectionery Market Report Snapshots

Asia Pacific Sugar Confectionery Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030