$19.9bn
$X.Xbn
153k
585
$X.Xbn
As China gradually evolves into a consumer society, new products, including chocolate and candy, are appearing with increasing regularity. In particular, rising average annual incomes, increased exposure to Western and international cuisines and a greater range of confectionery goods in supermarkets are contributing to rising sales of industry products in China.Despite the expansion, revenue for the Chocolate and Candy Production industry in China has declined at an annualized 2.4% over the five years through 2023, to total $19.9 billion. This decline follows decreasing demand from the domestic market during the COVID-19 pandemic. However, this overall trend includes expected growth of 2.1% in the current year.Approximately 585 enterprises operate in the industry, with 153,174 employees in 2023. As the COVID-19 pandemic is generally well controlled in China, total domestic confectionery output is expected to rise by 0.7% to total 3.0 million tons in 2023.The industry is in the mature stage of its life cycle. This is mainly due to the broader economic environment and changes in customer behavior. Despite strong demand for industry products, industry revenue growth is forecast to be limited by increasing demand for high-end products and consumer concerns regarding excessive sugar intake over the next five years. As a result, ACMR-IBISWorld projects that industry revenue will increase slowly, at an annualized rate of 1.2% over the next five years, to reach $21.1 billion in 2028.
Industry revenue has declined at a CAGR of 2.4 % over the past five years, to reach an estimated $19.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
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There are no companies that hold a large enough market share in the Chocolate & Candy Production in China industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Milk candy, Hard candy and Chewing gum. Milk candy is the largest segment of the Chocolate & Candy Production in China.
Firms in the Chocolate and Candy Production industry in China purchase cocoa, cocoa butter, cacao paste, sugar and dairy products to manufacture chocolate or chocolate products. They also purchase raw materials such as sugar, glucose syrup, maltose, dairy products, gum, nuts, flavors, food colorants and other related materials to produce confectionery products, such as hard candy, filled candy, jelly candy, Chinese-style candy and other confectionery products.
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Despite these technological and market developments, domestic demand has declined over the period. Industry revenue decreased from $21.7 billion in 2018 to about $18.6 billio...
Learn about an industry's products and services, markets and trends in international trade.
Milk candy is the most popular candy in China. It is expected to account for 24.5% of industry revenue in 2023.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The majority of candy and chocolate producers in China are located in Guangdong, Fujian, Shandong, and Beijing provinces. Candy and chocolate production enterprises in Guangd...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The Chinese chocolate & candy market presents a competitive pattern of international brands, local brands, and numerous small and medium-sized enterprises. Various brands dev...
Learn about the performance of the top companies in the industry.
Many of the most well-known brands, like Wrigley, KitKat, Skittles and Kisses are all manufactured by the major players. Consumers are more willing to purchase products from ...
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The level of regulation within the industry is increasing with the introduction of government measures to ensure the safety of products sold in the market. Each of these regu...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Cost structures vary widely among Chocolate and Candy Production industry players, depending on their size, scale of production, ease of access to raw materials, level of tech...
Including values and annual change:
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Key data sources in China include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Chocolate & Candy Production industry in China is $19.9bn in 2024.
There are 585 businesses in the Chocolate & Candy Production industry in China, which has declined at a CAGR of 0.2 % between 2019 and 2024.
The market size of the Chocolate & Candy Production industry in China has been declining at a CAGR of 2.4 % between 2019 and 2024.
Over the next five years, the Chocolate & Candy Production industry in China is expected to grow.
Hard candy and Milk candy are part of the Chocolate & Candy Production industry.
The level of competition is moderate and increasing in the Chocolate & Candy Production industry in China.