Confectionery, refers to snack foods with sugar as the main ingredient. There is a wide variety of candies, which can be divided into hard candy, hard sandwich candy fruit, creamy candy fruit, gel candy, polished candy, gum-based candy, inflatable candy and pressed candy.
The confectionery industry is one of the pillar industries in the casual snacks sector. According to the publisher's analysis, with the rapid economic growth in Southeast Asia, the size of the middle class has expanded and the lifestyle has changed. The pressure of daily life and work has increased, and sweets such as candy have the effect of relieving stress and delighting the mood, so the demand for candy among Southeast Asian people has expanded. In addition, Southeast Asian residents' disposable income has increased, consumption ability has been enhanced, the desire to buy casual snacks has been raised, and the variety and taste of confectionery has become the choice of Southeast Asian consumers, promoting the development of the confectionery industry.
There are disparities in the degree of development of confectionery industry in Southeast Asia in different countries. Take Vietnam as an example, the confectionery industry in Vietnam is growing rapidly, and the Vietnamese confectionery industry continues to grow at a rate of approximately 15% per year, with a revenue volume of US$7.8 billion in 2022. According to the publisher's analysis, brands such as Kinh Do, Huu Nghi, Bibica, Hai Ha and Orion are the major leaders in Vietnam's confectionery industry. And Vietnam's per capita consumption of confectionery is about 2 kg, which is lower than the world average and still has great room for growth.
Southeast Asia in this report includes 10 countries: Singapore, Thailand, Philippines, Malaysia, Indonesia, Vietnam, Myanmar, Brunei, Laos and Cambodia. With a total population of nearly 700 million by the end of 2022, Southeast Asia has an overall economic growth rate higher than the global average and is one of the key drivers of future global economic growth.
According to the publisher's analysis, the economic levels of the 10 Southeast Asian countries vary greatly, with Singapore being the only developed country with a per capita GDP of about US$79,000 in 2022. While Myanmar and Cambodia will have a GDP per capita of less than US$2,000 in 2022. The population and minimum wage levels of each country also vary greatly. Brunei, which has the smallest population, will have a total population of less than 500,000 people in 2022, while Indonesia, which has the largest population, will have a population of about 280 million people in 2022.
The publisher expects the Southeast Asian confectionery industry to continue to grow from 2023-2032.
The confectionery industry is one of the pillar industries in the casual snacks sector. According to the publisher's analysis, with the rapid economic growth in Southeast Asia, the size of the middle class has expanded and the lifestyle has changed. The pressure of daily life and work has increased, and sweets such as candy have the effect of relieving stress and delighting the mood, so the demand for candy among Southeast Asian people has expanded. In addition, Southeast Asian residents' disposable income has increased, consumption ability has been enhanced, the desire to buy casual snacks has been raised, and the variety and taste of confectionery has become the choice of Southeast Asian consumers, promoting the development of the confectionery industry.
There are disparities in the degree of development of confectionery industry in Southeast Asia in different countries. Take Vietnam as an example, the confectionery industry in Vietnam is growing rapidly, and the Vietnamese confectionery industry continues to grow at a rate of approximately 15% per year, with a revenue volume of US$7.8 billion in 2022. According to the publisher's analysis, brands such as Kinh Do, Huu Nghi, Bibica, Hai Ha and Orion are the major leaders in Vietnam's confectionery industry. And Vietnam's per capita consumption of confectionery is about 2 kg, which is lower than the world average and still has great room for growth.
Southeast Asia in this report includes 10 countries: Singapore, Thailand, Philippines, Malaysia, Indonesia, Vietnam, Myanmar, Brunei, Laos and Cambodia. With a total population of nearly 700 million by the end of 2022, Southeast Asia has an overall economic growth rate higher than the global average and is one of the key drivers of future global economic growth.
According to the publisher's analysis, the economic levels of the 10 Southeast Asian countries vary greatly, with Singapore being the only developed country with a per capita GDP of about US$79,000 in 2022. While Myanmar and Cambodia will have a GDP per capita of less than US$2,000 in 2022. The population and minimum wage levels of each country also vary greatly. Brunei, which has the smallest population, will have a total population of less than 500,000 people in 2022, while Indonesia, which has the largest population, will have a population of about 280 million people in 2022.
The publisher expects the Southeast Asian confectionery industry to continue to grow from 2023-2032.
Topics Covered
- Southeast Asia Confectionery Industry Status and Major Sources in 2018-2022
- What is the Impact of COVID-19 on Southeast Asia Confectionery Industry?
- Which Companies are the Major Players in Southeast Asia Confectionery Industry Market and What are their Competitive Benchmarks?
- Key Drivers and Market Opportunities in Southeast Asia Confectionery Industry
- What are the Key Drivers, Challenges, and Opportunities for Southeast Asia Confectionery Industry during 2023-2032?
- What is the Expected Revenue of Southeast Asia Confectionery Industry during 2023-2032?
- What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
- What are the Competitive Advantages of the Major Players in Southeast Asia Confectionery Industry Market?
- Which Segment of Southeast Asia Confectionery Industry is Expected to Dominate the Market in 2032?
- What are the Major Adverse Factors Facing Southeast Asia Confectionery Industry?
Table of Contents
1 Singapore Confectionery Industry Analysis1.1 Singapore's Confectionery Industry Development Environment
1.1.1 Geography
1.1.2 Population
1.1.3 Economy
1.1.4 Minimum Wage in Singapore
1.2 Singapore Confectionery Industry Operation 2023-2032
1.2.1 Supply
1.2.2 Demand
1.2.3 Import and Export
1.3 Analysis of Major Confectionery Manufacturing and Trading Companies in Singapore
2 Analysis of Thailand's Confectionery Industry
2.1 Development Environment of Thailand's Confectionery Industry
2.1.1 Geography
2.1.2 Population
2.1.3 Economy
2.1.4 Thailand Minimum Wage
2.2 Thailand Confectionery Industry Operation 2023-2032
2.2.1 Supply
2.2.2 Demand
2.2.3 Import and Export
2.3 Analysis of Major Confectionery Manufacturers and Trading Companies in Thailand
3 Analysis of the Philippine Confectionery Industry
3.1 Development Environment of Philippine Confectionery Industry
3.1.1 Geography
3.1.2 Population
3.1.3 Economy
3.1.4 Minimum Wage in the Philippines
3.2 Philippine Confectionery Industry Operation 2023-2032
3.2.1 Supply
3.2.2 Demand
3.2.3 Import and Export
3.3 Analysis of Major Confectionery Manufacturing and Trading Companies in the Philippines
4 Malaysia Confectionery Industry Analysis
4.1 Malaysia Confectionery Industry Development Environment
4.1.1 Geography
4.1.2 Population
4.1.3 Economy
4.1.4 Minimum Wage in Malaysia
4.2 Malaysia Confectionery Industry Operation 2023-2032
4.2.1 Supply
4.2.2 Demand
4.2.3 Import and Export
4.3 Analysis of Major Confectionery Manufacturing and Trading Companies in Malaysia
5 Indonesia Confectionery Industry Analysis
5.1 Indonesia Confectionery Industry Development Environment
5.1.1 Geography
5.1.2 Population
5.1.3 Economy
5.1.4 Minimum Wage in Indonesia
5.2 Indonesia Confectionery Industry Operation 2023-2032
5.2.1 Supply
5.2.2 Demand
5.2.3 Import and Export
5.3 Analysis of Major Confectionery Manufacturers and Traders in Indonesia
6 Vietnam Confectionery Industry Analysis
6.1 Development Environment of Vietnam's Confectionery Industry
6.1.1 Geography
6.1.2 Population
6.1.3 Economy
6.1.4 Minimum Wage in Vietnam
6.2 Vietnam's Confectionery Industry Operation 2023-2032
6.2.1 Supply
6.2.2 Demand
6.2.3 Import and Export
6.3 Analysis of Major Confectionery Manufacturers and Trading Companies in Vietnam
7 Myanmar Confectionery Industry Analysis
7.1 Development Environment of Myanmar's Confectionery Industry
7.1.1 Geography
7.1.2 Population
7.1.3 Economy
7.1.4 Myanmar Minimum Wage
7.2 Myanmar Confectionery Industry Operation 2023-2032
7.2.1 Supply
7.2.2 Demand
7.2.3 Import and Export
7.3 Analysis of Major Confectionery Manufacturers and Trading Companies in Myanmar
8 Brunei Confectionery Industry Analysis
8.1 Development Environment of Brunei Confectionery Industry
8.1.1 Geography
8.1.2 Population
8.1.3 Economy
8.1.4 Brunei Minimum Wage
8.2 Brunei Confectionery Industry Operation 2023-2032
8.2.1 Supply
8.2.2 Demand
8.2.3 Import and Export
8.3 Brunei Major Confectionery Manufacturers and Trading Companies Analysis
9 Laos Confectionery Industry Analysis
9.1 Development Environment of Laos Confectionery Industry
9.1.1 Geography
9.1.2 Population
9.1.3 Economy
9.1.4 Minimum Wage in Laos
9.2 Laos Confectionery Industry Operation 2023-2032
9.2.1 Supply
9.2.2 Demand
9.2.3 Import and Export
9.3 Analysis of Major Confectionery Producers and Traders in Laos
10 Analysis of Cambodia's Confectionery Industry
10.1 Development Environment of Cambodia's Confectionery Industry
10.1.1 Geography
10.1.2 Population
10.1.3 Economy
10.1.4 Minimum Wage in Cambodia
10.2 Cambodia Confectionery Industry Operation 2023-2032
10.2.1 Supply
10.2.2 Demand
10.2.3 Import and Export
10.3 Analysis of Major Confectionery Producers and Traders in Cambodia
11 Southeast Asia Confectionery Industry Outlook 2023-2032
11.1 Southeast Asia Confectionery Industry Development Influencing Factors Analysis
11.1.1 Favorable Factors
11.1.2 Unfavorable Factors
11.2 Supply Analysis of Southeast Asia Confectionery Industry 2023-2032
11.3 Southeast Asia Confectionery Industry Demand Analysis 2023-2032
11.4 Impact of COVID -19 Epidemic on Confectionery Industry
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | April 2023 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 1720 Million |
| Forecasted Market Value ( USD | $ 2881.3 Million |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Asia Pacific |
