Market Forecast By Distribution (Supermarkets & Hypermarkets, Online Retail, Specialist Retailers, Convenience Stores And Others), By Product Type (Chocolate Candy And Non-Chocolate Candy), By Countries (China, India, Japan, South Korea And Rest Of Asia Pacific) And Competitive Landscape
Product Code: ETC055038 | Publication Date: May 2021 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Asia Pacific (APAC) Candy Market |
Forecast Period | 2025-2031 |
Market Size | USD 80 Billion by 2031 |
CAGR | 5% |
Growing Sector | Online Retail |
Asia Pacific (APAC) Candy Market report thoroughly covers the market By Distribution, By Product Type, and By Countries. 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.
Asia Pacific (APAC) Candy Market has been experiencing substantial growth, driven by increasing consumer demand for diverse and innovative candy products across the region. With the rise in disposable income and changing consumer preferences toward premium and health-conscious candy options, the Asia Pacific (APAC) Candy Market size is projected to reach USD 80 billion by 2031, growing at a compound annual growth rate (CAGR) of 5% from 2025 to 2031. This growth is further fueled by factors such as rapid urbanization, expanding retail networks, and the rising popularity of online candy sales. Additionally, the growing trend of sugar-free and organic candy alternatives is expected to capture a larger share of the market, further boosting its expansion.
Asia Pacific (APAC) Candy market is experiencing robust growth due to increasing demand for confectionery products across the region. Rising disposable incomes, urbanization, and evolving consumer preferences for indulgent snacks are fueling the expansion of the market. The market size is expected to grow significantly as consumers increasingly seek premium and innovative candy products. Health-conscious trends, such as the rising demand for sugar-free and organic options, are influencing the candy market’s growth. Additionally, the increasing popularity of online retail channels and e-commerce platforms is broadening market reach. The market growth is also driven by the growing inclination towards seasonal and festive candy offerings. As regional players innovate with flavors and packaging, the market’s competitive landscape continues to evolve. The expanding retail network, including supermarkets, convenience stores, and online platforms, further strengthens the industry’s footprint. As a result, the Asia Pacific (APAC) Candy market share is poised for continued growth, positioning it as a leading region in the global candy industry.
According to 6Wresearch, the Asia Pacific (APAC) Candy Market Size is expected to reach at a significant CAGR of 5% during the forecast period 2025-2031. Asia Pacific (APAC) Candy market growth is primarily fueled by rising disposable income and a growing middle-class population, which has led to increased consumption of confectionery products. Changing lifestyles, along with growing demand for convenience foods, has driven the market share upwards. The expansion of modern retail channels, including supermarkets and e-commerce platforms, is further accelerating market reach. Additionally, the increasing preference for indulgence products and seasonal candies is boosting sales. Technological advancements in candy manufacturing processes and packaging are also contributing to market expansion. Moreover, innovations in candy flavors and the rise of sugar-free and organic options are attracting health-conscious consumers. With the growing influence of Western culture in the region, the demand for premium candies and chocolates is on the rise. Finally, the increasing use of candies in celebrations and festivals adds to the overall demand in the Asia Pacific (APAC) Candy industry.
However, apart from this, the market faces several challenges that could impact its growth trajectory. One of the primary concerns is the rising awareness about health issues such as obesity, which has led to a decline in the consumption of sugar-laden products. The increasing cost of raw materials, especially sugar and cocoa, is driving up production costs, which may reduce profit margins for companies. Additionally, stringent government regulations surrounding food safety and labeling in some regions complicate the operational environment. Another challenge is the intense competition among local and international players, which has led to price wars and thinner profit margins. Supply chain disruptions, caused by logistical issues and fluctuating transportation costs, are also a significant hurdle. The complex regulatory landscape, including varying food standards across countries in the APAC region, further complicates the expansion of brands. Moreover, shifting consumer preferences towards healthier alternatives, like snacks and fruits, are also posing challenges to the candy market. Environmental concerns about plastic packaging and sustainability have also prompted companies to invest in eco-friendly solutions. The market size could face constraints due to these growing concerns. Additionally, the market remains under pressure from counterfeit products that erode brand value.
The market is evolving with several notable trends. The growing demand for healthier and sugar-free candies is one of the significant developments, as consumers seek alternatives to traditional sweets. The introduction of premium and organic candy options is increasing in response to the rising health-consciousness among consumers. Furthermore, the adoption of novel flavors and exotic ingredients is becoming a key differentiator among candy manufacturers. Another trend is the growing popularity of seasonal and limited-edition candy products, especially around holidays and festivals. The rise of online sales channels and e-commerce platforms is revolutionizing the candy market, offering greater reach and convenience for consumers. Technological innovations in packaging, such as recyclable materials and resealable pouches, are also gaining momentum. Additionally, companies are focusing on customizing products to local tastes, catering to regional preferences in flavors and ingredients. In line with environmental sustainability, companies in the Asia Pacific (APAC) Candy industry are exploring eco-friendly alternatives for packaging and production processes. Increased collaboration with celebrities and influencers to promote candies is another trend boosting visibility and sales.
Asia Pacific (APAC) Candy market presents various investment opportunities for stakeholders, especially in innovative and sustainable product development. Investors can capitalize on the growing demand for healthier, low-sugar, and organic candy options that align with shifting consumer preferences. The expansion of the e-commerce sector in the region opens up new sales channels, providing investors with opportunities to reach a broader audience. The growing popularity of premium and artisanal candies also presents an attractive niche for investors seeking high-margin products. Moreover, manufacturers are increasingly focusing on local sourcing and production facilities, offering opportunities for investments in these areas to reduce dependency on imports. The rise of new and exotic candy flavors provides further avenues for innovation and product differentiation. Additionally, expanding manufacturing capacity in emerging economies in the region offers attractive returns due to the lower cost of labor. Strategic partnerships with distributors and retailers are key investment opportunities, as they help expand market presence and accelerate revenue growth. Lastly, investing in sustainable packaging and environmentally friendly production technologies offers long-term growth potential in the market.
Several key players dominate the market, contributing significantly to its growth. Nestlé is a leading global candy manufacturer known for its popular chocolate brands like KitKat and Dairy Milk. Mars Inc. is another prominent player, with a wide range of confectionery products, including M&M's and Snickers, dominating the market. Mondelez International, through its famous brands like Oreo and Toblerone, is a significant competitor. Meiji Holdings, a major player in Japan, has established a strong foothold with its candy products and chocolates. Additionally, Ferrero, renowned for its premium confectionery products such as Ferrero Rocher, continues to capture consumer attention across the region. Other important players include Lotte and Hershey, which are actively expanding their product offerings and improving their distribution networks. These companies maintain a strong presence by focusing on innovation, quality, and strategic partnerships to sustain their position in the highly competitive Asia Pacific (APAC) Candy market.
The market operates under stringent government regulations that ensure food safety and consumer protection. Authorities in the region enforce food labeling standards to help consumers make informed choices about candy products. Additionally, the region’s regulations emphasize reducing sugar content and promoting healthier alternatives in the confectionery sector, impacting the Asia Pacific (APAC) Candy market size. Environmental policies are also driving manufacturers to adopt sustainable packaging to minimize waste, contributing to the market's eco-conscious trends. Import regulations and tariffs affect pricing and competition in the market, with governments implementing rules to protect domestic producers. The market growth is influenced by compliance with these regulations, ensuring product quality and safety. Moreover, the introduction of health-focused policies is prompting manufacturers to innovate with sugar-free, low-calorie, and organic products. These regulations also impact advertising and marketing strategies, especially when targeting children. Governments across APAC are strengthening compliance measures for food safety, shaping the future of the market share. This regulatory landscape is vital for maintaining industry standards and consumer trust in the candy sector.
The market is expected to witness dynamic changes in the coming years, driven by shifting consumer preferences and technological advancements. The growing demand for premium and artisanal candy products is set to influence the market growth significantly. Innovations in flavors, ingredients, and packaging are expected to propel the market forward, with manufacturers focusing on more natural, healthier options. Additionally, the increasing popularity of online retail and e-commerce platforms will contribute to the market size, allowing consumers easier access to a wider range of products. The market is also poised for growth due to rising disposable incomes, particularly in emerging economies like India and China. With a growing health-conscious consumer base, the demand for sugar-free and functional candy options is likely to increase. The market share will be further impacted by investments in automation and supply chain optimization, reducing operational costs. Furthermore, collaborations with international confectionery brands are expected to enhance product offerings in the region. As companies focus on sustainability and corporate social responsibility, the market is set to align with global trends towards eco-friendly production. These factors collectively indicate a promising future for the Asia Pacific (APAC) Candy industry, with continued expansion and innovation.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Supermarkets and hypermarkets are experiencing significant growth in the APAC candy market. This is driven by their wide reach and ability to offer a diverse range of candy products to consumers. The increasing trend of organized retailing is contributing to their expansion in the region.
According to Kapil, Senior Research Analyst, 6Wresearch, Chocolate candy is seeing a rise in demand across the APAC market. Consumers are becoming more inclined toward premium and artisanal chocolate products. This trend is further fueled by increasing disposable incomes and evolving consumer preferences for indulgent treats.
China is a leading growth market in the APAC candy industry. The growing middle class and changing lifestyles are driving demand for both local and international candy brands. Additionally, innovative product offerings tailored to local tastes are helping expand the candy market in China
The market report has been segmented and sub segmented into the following categories:
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. Asia Pacific Candy Market Overview |
3.1. Asia Pacific Country Macro Economic Indicators |
3.2. Asia Pacific Candy Market Revenues, 2021 & 2031F |
3.3. Asia Pacific Candy Market - Industry Life Cycle |
3.4. Asia Pacific Candy Market - Porter's Five Forces |
3.5. Asia Pacific Candy Market Revenue Share, By Product Type, 2021 & 2031F |
3.6. Asia Pacific Candy Market Revenue Share, By Distribution, 2021 & 2031F |
4. Asia Pacific Candy Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Asia Pacific Candy Market Trends |
6. Asia Pacific Candy Market, By Product Type |
6.1. Asia Pacific Candy Market, By Product Type |
6.1.1. Overview and Analysis |
6.1.2. Asia Pacific Candy Market Revenues, By Chocolate Candy, 2021 - 2031F |
6.1.3. Asia Pacific Candy Market Revenues, By Non-chocolate Candy, 2021 - 2031F |
6.2. Asia Pacific Candy Market, By Distribution |
6.2.1. Overview and Analysis |
6.2.2. Asia Pacific Candy Market Revenues, By Supermarkets and Hypermarkets, 2021 - 2031F |
6.2.3. Asia Pacific Candy Market Revenues, By Online Retail, 2021 - 2031F |
6.2.4. Asia Pacific Candy Market Revenues, By Specialist Retailers, 2021 - 2031F |
6.2.5. Asia Pacific Candy Market Revenues, By Convinience Stores, 2021 - 2031F |
6.2.6. Asia Pacific Candy Market Revenues, By Others, 2021 - 2031F |
7. South Korea Candy Market |
7.1. South Korea Candy Market, By Product Type |
7.1. South Korea Candy Market, By Distribution |
7.1. South Korea Candy Market, By Regions |
8. India Candy Market |
8.1. India Candy Market, By Product Type |
8.1. India Candy Market, By Distribution |
8.1. India Candy Market, By Regions |
9. China Candy Market |
9.1. China Candy Market, By Product Type |
9.1. China Candy Market, By Distribution |
9.1. China Candy Market, By Regions |
10. Japan Candy Market |
10.1. Japan Candy Market, By Product Type |
10.1. Japan Candy Market, By Distribution |
10.1. Japan Candy Market, By Regions |
11. Rest of Asia Pacific Candy Market |
11.1. Rest of Asia Pacific Candy Market, By Product Type |
12. Asia Pacific Candy Market Key Performance Indicators |
13. Asia Pacific Candy Market - Opportunity Assessment |
13.1. Asia Pacific Candy Market Opportunity Assessment, By Product Type, 2021 & 2031F |
13.2. Asia Pacific Candy Market Opportunity Assessment, By Distribution, 2021 & 2031F |
14. Asia Pacific Candy Market - Competitive Landscape |
14.1. Asia Pacific Candy Market Revenue Share, By Companies, 2024 |
14.2. Asia Pacific Candy Market Competitive Benchmarking, By Operating and Technical Parameters |
15. Company Profiles |
16. Recommendations |
17. Disclaimer |