Over the past few years, there has been a noticeable surge in the demand for confectionery goods in Southeast Asia. This trend is predicted to continue into the foreseeable future, with the revenue of confectionery within this segment expected to reach $63.53 billion USD in 2023. Furthermore, industry experts forecast an annual growth rate of 8.35% between 2023 and 2027.
The Asia Pacific confectionery market has been flourishing in recent years, with a market size of approximately USD 71.05 billion in 2021. The market is projected to continue its upward trajectory, with an estimated compound annual growth rate (CAGR) of 4.2% from 2021 to 2026. This growth is expected to drive the market size up to USD 82.81 billion by 2026. The Asia Pacific confectionery market is a significant player in theglobal market, accounting for approximately 25% of the global market share.
Post time: Jun-01-2023
