The Market value (retail sales value) of Confectionery Industry in China attained a value of USD 18,073.94 Millions in 2020
The Industry recorded a historical growth (CAGR) of 2.61% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the Industry to grow at a CAGR of ...
In 2020, the Chinese confectionery sector accounted for more than a quarter of confectionery product sales by value in Asia-Pacific. Though the on-premise sale of Confectionery products took a great hit during the pandemic, China’s Confectionery market continued to grow in 2020, the growth came about as online Confectionery sales picked up during the period. The shift came as customers increasingly relied on online product delivery to avoid trips outside.
In China, consumption of confectionery is higher among females than males. Furthermore, “kids & babies” represent the largest subset of the confectionery sector in China.
Mars, Nestle, Lotte, Mondelez, and Perfetti Van Melle held the top five leading market positions in China’s confectionery industry.
Leading brands in the Confectionery market in China included Wrigley`s, Dove, Hsu-Fu-Chi, Cadbury, Sister Ma and Alpenliebe.
Confectionery products refer to all chocolate-based products, all bubble and chewing gum, sugar-based confectionery items including hard-boiled sweets, mints, caramels & toffees, gums and jellies, marshmallows, fudges, and medicated throat lozenges.
Mars leads the confectionery market in China by value
Mars was the leading company in the Chinese confectionery market in 2020. The company owns more than 10 brands in China with most sales coming from Wrigley`s. Dove, M & M`s, Starburst, and Snickers are some of the prominent brands selling confectionery items in China under Mars’s trademark.
Nestle ranked second as a confectionery product seller by value
Nestle was the second largest company in the Chinese confectionery market in 2020. The company owns more than 5 brands in China tending the confectionery needs of the population. Hsu-Fu-Chi brand was the biggest contributor to the company’s confectionery sales in china. Dr Bear, Rowntree`s, Wonka, and Laffy Taffy are some of the other prominent brands operating in the Chinese market under Nestle.
Other market players in China’s confectionery market
Perfetti Van Melle, Lotte, and Mondelez were among some of the other prominent companies in the Chinese confectionery market, owning brands such as Alpenliebe, Lotte, and Cadbury. Hsu-Fu-Chi and Dove were among some of the prevalent brands in China in 2020
Market Fragmentation: The top 2 players, accounted for more than a quarter of the Chinese confectionery market (by value) in 2020
Switzerland
France
United States of America
United States of America
Brazil
South Korea
United Kingdom
Belgium
China
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer
Contact the team or request a demo to find out how our data can drive your business forward