openPR Logo
Press release

Growth Opportunities in ASEAN Confectionery Market: New Research Report

07-17-2017 03:31 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Growth Opportunities in ASEAN Confectionery Market: New

ASEAN Confectionery Market Overview

Items in confectionery market consists of candies, chocolates, toffees, lollies, bakery items;basically food items that are rich in sugar and sweet content. Mostly confectionery market items consists of food products like butter, cocoa, honey, milk, flour, fruits, honey, nuts, sugar syrup and more. They are consumed globally, mostly by all regions and countries and are expected to grow in developing countries. Confectionery market is growing in mostly all the South East Asian countries and saw a tremendous growth in the last couple of years.

ASEAN Confectionery Market Segmentation

The confectionery market is segmented into three segments – Chocolates, Sugar confectionery and Gum. Chocolates constitutes the significant part of confectionery market. Cocoa and sugar are the raw materials for chocolate and latex is the raw material used for gum.World’s largest cocoa processor Barry Callebaut’s production has also moved to Asia pacific and Latin America because of its low production costs and great future opportunities.Its factories are in Malaysia and Thailand. Nestle has acquired a majority stake in Chinese confectioner Hsu Fu Chi.

Request For Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-as-420

Europe constitutes the biggest share of confectionery market, followed by Asia Pacific confectionery market. ASEAN region has become an attractive place to do business. Some big MNC’s have shifted their base(plants) for the production of chocolate to Indonesia to improve efficiency and reduce costs in supply. Indonesia has the most consumption of confectionery items as compared to other South East Asian countries. Flavors GmbH (WILD), another company is opening its branch center in Singapore to serve the hub for the ASEAN region. Main markets in South East Asian countries include Thailand, Vietnam, Philippines and Indonesia for confectionery market.

ASEAN Confectionery Market Dynamics

Rising disposable income, higher population, high GDP growth and consumer spending are the major key drivers of ASEAN confectionery market. The biggest constraint to ASEAN confectionery market could be rise in raw material cost and uncertain consumer behaviour. Also health issues, increasing government regulations, could also be the biggest challenge for confectionery market. Chocolate segment expected to grow the most under ASEAN confectionery market. On special occasions and celebrations, sale of confectionery items increase because people gift each other and its consumption and demand increase. Vietnam is gradually cutting down the import tax imposed on products of ASEAN, countries in accordance with the ASEAN Free Trade Area, AFTA, regulations. As a result, the Vietnamese confectionery market is vibrant compared to other nations.

ASEAN Confectionery Market Distribution Channel

Mostly confectionery items are sold in retail stores, hypermarkets, supermarkets and convenience stores. Multinational flavor companies and smaller local manufacturers are active in South EastAsia confectionery market. The latter offers good distribution expertise and local connections. Innovation by producers playing a great role in experimenting with flavors, taste, size which is driving a growth of this market. Enterprises operating under Vietnamese confectionery market use modern technology of foreign countries such as Germany, Italy, Japan and Austria to make their products, and apply non-chemical preservation techniques

Visit For TOC@ http://www.futuremarketinsights.com/toc/rep-as-420

ASEAN Confectionery Market Key Players

Key players in this confectionery market are Ferraro, Hershey’s,Lindt, Wrigley’s, Perfetti Van Melle and ChupaChupa. Product innovation and consistent in quality are the reasons for their success. Dunkin Donuts has signed a franchisee agreement to develop a brand in Vietnam with Vietnam Food and Beverage Co. domestic confectionery companies have simultaneously launched many new products in confectionery market. Pioneers of the campaign included famous companies such as Kinh Do, Bibica, Kotobuki, and smaller producers like Nguyen Tran and ThanhPhat, etc. ierce competition was found between Malaysian Khongguan biscuits and Vietnamese products

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Growth Opportunities in ASEAN Confectionery Market: New Research Report here

News-ID: 626567 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for ASEAN

ASEAN Automotive Insurance market
Astute Analytica published a new report on the ASEAN Automotive Insurance market, the research study offers analysis and detailed insights on key market dynamics including growth drivers, restraint factors, challenges, opportunity analysis, and trends. The research report also includes a detailed analysis of market segmentation, competitive landscape, market vendors, and estimated market size in qualitative and quantitative methods. The ASEAN Automotive Insurance market is anticipated to witness a remarkable growth at
ASEAN Automotive Insurance market |Indonesia Malaysia Philippines
Astute Analytica published a new report on the ASEAN Automotive Insurance market, the research study offers analysis and detailed insights on key market dynamics including growth drivers, restraint factors, challenges, opportunity analysis, and trends. The research report also includes a detailed analysis of market segmentation, competitive landscape, market vendors, and estimated market size in qualitative and quantitative methods. The ASEAN Automotive Insurance market is anticipated to witness a remarkable growth at
A Call to Brighten ASEAN through Renewable Energy
Powering ASEAN’s Bright Future through the 5th ASEAN Youth Video contest on Renewable Energy Jakarta, 25 January 2019 – This week, the ASEAN Foundation launched the 5th ASEAN Youth Video Contest (AYVC) with the theme “Renewable Energy: Powering ASEAN’s Bright Future”. The deadline for application is due by 19 February 2019. Similar to the previous years, the 5th ASEAN Youth Video Contest is endorsed by the ASEAN Senior Officials Meeting
ASEAN Confectionery Market Expecting Worldwide Growth by 2020
ASEAN Confectionery Market Overview Items in confectionery market consists of candies, chocolates, toffees, lollies, bakery items;basically food items that are rich in sugar and sweet content. Mostly confectionery market items consists of food products like butter, cocoa, honey, milk, flour, fruits, honey, nuts, sugar syrup and more. They are consumed globally, mostly by all regions and countries and are expected to grow in developing countries. Confectionery market is growing in mostly
Consilium Advances Cisco Contact Center Capability in ASEAN
Consilium to support local partners and clients to accelerate Customer Collaboration Solutions towards Cisco Connected Digital Experience Goal Singapore, Indonesia, Malaysia and the Philippines, October 5th, 2017: Consilium Software Inc, a Cisco Preferred Solution Partner, today announced that it has strengthened its market position in South East Asia (ASEAN) by achieving the designation of Cisco Systems’ Authorized Technology Provider, Unified Contact Center Enterprise (ATP – UCCE) for enterprise-grade contact center solutions
The 5th ASEAN Energy Outlook: ASEAN is on Track to Reach Their Energy Intensity …
Manila, 28 September 2017 – During the press conference for the 35th ASEAN Ministers on Energy Meeting (AMEM) and Associated Meetings today, ASEAN Centre for Energy (ACE) announced the launch of the 5th ASEAN Energy Outlook (AEO5). The Philippine Secretary of Energy, Alfonso G. Cusi, stated, “The Outlook provides us with pathway to address our long-term goals of achieving energy security, accessibility and affordability within the framework of sustainable development,