Asia Pacific

As volume sales continue to decline dramatically across both chewing gum and bubble gum, the growth of chewing gum in Malaysia has slowed down slightly in current value terms in 2023 when compared to the previous year. A key contributing factor to…

Chocolate confectionery saw a slowdown in demand in retail volume terms in 2023, thanks to inflationary pressures, which had a negative impact on purchasing power. As a result, consumers had less disposable income to spend on non-essential items,…

Thailand has returned to normality in 2023, following the restrictions created by the COVID-19 pandemic. Consumers have returned to out-of-home, on-the-go lifestyles, along with a large number of tourists visiting the country. As such, this revival…

With the rising cost of raw materials for chocolate confectionery, such as dairy ingredients, cocoa beans, sugar, and oil, many brands are actively seeking ways to improve their profit margins, such as reducing production costs by pushing product…

2023 is seeing innovative product development proving to be a significant driver of demand for countlines and chocolate pouches and bags in chocolate confectionery in Malaysia. Among the key players, Nestlé is showing a particular focus on…

Sugar confectionery continues to grow in value and volume terms in 2023, with the category continuing its recovery from the negative impact of the COVID-19 pandemic. The reopening of schools in August 2022 and the return to more active lives away…

Sweet biscuits, snack bars and fruit snacks witnessed declining sales in both volume and value terms in 22020 and 2021. This was mainly due to the contraction in sales of sweet biscuits, with major companies in this area such as Monde Nissin Corp and…

Sales of sweet biscuits, snack bars and fruit snacks are expected to follow a positive growth trajectory in both retail volume and current value terms in 2023, although the growth dynamics vary across categories. Fruit snacks and snack bars, which…

Sweet biscuits, snack bars and fruit snacks is set to increase in retail current value terms in 2023, mainly driven by higher unit prices. Although price increases were implemented by several manufacturers in 2022, further increases have become…

Mayora Indah Tbk PT maintains its overall company lead in sweet biscuits, snack bars and fruit snacks, however, in brand terms, it is Nabati (from Kaldu Sari Nabati Indonesia PT) which beats Mayora Indah’s Roma Wafello to the top brand place. Indeed,…

In 2023, sweet biscuits, snack bars and fruit snacks in China is expected to witness full recovery from the mild decline seen in 2022 in retail current value terms. Sweet biscuits, which accounts for more than half of value sales, is expected to…

Sugar confectionery in South Korea is set to exhibit growth in both retail volume and current value terms in 2023, with higher value growth due to inflationary factors. While growth is expected to vary across sugar confectionery, sales are projected…

Sugar confectionery is set to see growth in retail current value terms in 2023, but a decline in retail volume terms. The increase in retail current value terms is mainly due to higher unit prices, as companies such as Kanro, Meiji, Ezaki Glico, and…

The growing health-consciousness trend in Indonesia has led to an increased demand for sugar-free, reduced-sugar, and functional confectionery products, as consumers seek guilt-free alternatives to traditional sweets. Functional ingredients, such as…

Retail current value sales of sugar confectionery experienced a significant setback in 2022, due to the widespread impact of the pandemic and subsequent lockdowns in major cities. A key contributing factor was the diminished demand for sugar…

Following a remarkable performance across snacks in the Philippines in 2022, there has been an overall deceleration of sales growth in 2023 as consumers have moved towards a normalisation of their spending behaviour. The market witnessed an ongoing…

In 2023, snacks in South Korea is set to experience growth in retail current value terms, although inflation is a factor influencing this performance. In addition, the end of the pandemic brought about various product innovations across different…

Snacks is set to see an increase in sales in retail current value terms in 2023, mainly due to increases in unit prices across all snacks categories. Although many manufacturers had already implemented price increases in 2022, the costs of raw…

Snacks in Indonesia has been showing signs of recovery following the disruptions of the COVID-19 pandemic, with social mobility gradually increasing. While the market is not fully recovered yet, there are still reasons for optimism, particularly with…

Owing to the implementation of a zero-COVID policy in 2022, and the subsequent relaxation of stringent lockdown measures, in 2023 retail current value sales of snacks are set to experience a resurgence, thereby regaining momentum after a lacklustre…