Snacks

It is expected to be a positive picture for snacks in Pakistan in 2024, with healthy constant value and volume growth, partly supported by population growth. This positive picture is in spite of continuing soaring inflation, though growth has eased…

In 2024, snacks in Myanmar see a rebound in volume sales driven by adaptations to consumer demands and lifestyle changes. Companies are introducing smaller packs and innovative flavours, catering to evolving tastes. Increased mobility has led to more…

The market for snacks in Malaysia is set to decline in retail volume terms in 2024, following the sluggish performance of the previous year. Growth is being impacted by the increasing prices of raw materials (notably, cocoa and sugar), sparked by the…

Snacks in Laos remains dominated by international brands with more products being introduced to local consumers. Additionally, more local brands have been seen, particularly within sweet biscuits, snack bars and fruit snacks, ice cream and savoury…

Snacks in Kazakhstan is seeing positive growth in 2024, in both volume and value terms. This is supported by the abilities of international companies in being able to rebuild their supply chains, including from Europe, after the disruptions created…

Snacks in Japan witnessed growth in retail current value terms in 2023, yet volume sales in many categories saw a decline due to price increases. The rate of price hikes was notably around 10%, but there were instances where products underwent…

Snacks in Indonesia has been showing signs of recovery following the disruptions of the COVID-19 pandemic, with social mobility gradually increasing. While the market is not fully recovered yet, there are still reasons for optimism, particularly with…

Snacks in India experienced strong double-digit value growth in 2022 supported by the strong performances of ice cream and chocolate confectionery. Post-pandemic, pent-up demand combined with the extended summer season drove the growth of ice cream,…

Overall snacks in Hong Kong is displaying a positive growth trajectory, buoyed by strategic product innovation and evolving consumer preferences. Despite the challenges posed by rising retail prices, manufacturers are leveraging new flavour profiles…

As consumers’ lives gradually returned to normal in 2023, retail current value sales of snacks experienced a return to growth. However, in 2024, the growth rate for snacks in China is set to slow slightly, becoming almost static, due to the impact of…

In 2024, snacks in Cambodia's is thriving, driven by economic growth, tourism revival, and manageable inflation. Post-pandemic recovery and GDP growth have boosted consumer spending. Political stability attracts investments, supporting growth and…

In 2024, snacks in Bangladesh saw strong price increases, which impacted demand. A dollar shortage disrupted imports, boosting local product development, especially in savoury snacks and sweet biscuits. Rising living costs push consumers toward…

Snacks in Azerbaijan is poised to record a moderate slowdown in current value sales growth in 2024, but show a slightly improved performance in retail volume growth terms. This is mainly explained by the gradual easing of inflationary pressures…

Savoury snacks bounces back into positive volume growth in Vietnam in 2024, although potential sales remain somewhat suppressed by ongoing economic factors which continue to limit consumers’ spending power. Within this environment, consumers are…

Though savoury snacks is relatively small in Uzbekistan in terms of value sales, it is expected to register healthy volume growth in 2024. That being said, constant value growth is expected to more moderate, as high inflation continues to hit profit…

While inflationary pressures remain, retail volume sales of savoury snacks in the Philippines are projected to continue to rise strongly over 2024. Consumers in the Philippines have increased their impulse and planned snacking in line with greater…

Savoury snacks is also benefitting from consumers’ return to out-of-home, on-the-go lifestyles, along with the revival of tourism. It should also be noted that potato chips, a popular category, was not too badly impacted by the era of the pandemic…

Savoury snacks is set to see modest current value growth in Taiwan in 2024, with volume sales declining. Home snacking habits have declined, with consumers reducing their habit of snacking at home and engaging in less hoarding and bulk purchasing.…

Savoury snacks in South Korea is set to maintain solid growth in both retail volume and current value terms in 2024. With a declining youth population in the country, consumers in their 30s and 40s are driving the popularity of savoury snacks,…

Savoury snacks is set to see minimal growth in retail volume terms in Singapore in 2024, as consumers are limiting their discretionary spending amidst cost-of-living pressures. Despite the slowing of unit price growth, costs remain high and consumer…