According to the International Cocoa Organization, global cocoa supply is expected to decline by nearly 11% during the 2023/2024 season. Global cocoa prices continue to witness record highs due to shortage of supply from Africa, which is the primary regio…
In India, demand for gum has largely been linked to the smoking population, with many smokers relying on it to freshen their breath and mask the smell of tobacco after smoking. With India’s smoking population set to reach over 32 million in 2024, the cons…
Savoury snacks in India is set for steady growth in both retail volume and current value terms in 2024. Potato chips and puffed snacks are expected to remain the largest categories, attracting healthy demand largely due to their affordable prices and broa…
In India, the demand for sugar confectionery in the form of fruit-based gummies has picked up, driven by the shift in consumer preference toward healthier options, and the availability of diverse flavours of gummies. Gummies, due to their fruit-derived in…
Sweet biscuits is a category with deep penetration in India, with a substantial share of sales originating from rural areas. Dominated by key players such as Britannia Industries Ltd and Parle Products Pvt Ltd, the success of their brands hinges significa…
Sales of ice cream in India continue to be heavily dependent on seasonality. In 2023, India witnessed unseasonal rains and a shorter summer season, which hampered sales of ice cream across many parts of the country. However, 2024 started on a more favoura…
After seeing dynamic double-digit retail current value growth in 2022, snacks in India witnessed a slowdown in growth in 2023, and this trend is set to continue in 2024. Due to uncertain job market conditions, coupled with unseasonal rains, consumers have…
The snack market in Thailand is projected to experience robust growth in current value sales in 2024, driven by factors such as rising unit prices, a growing focus on health and wellness, and the ongoing trend towards premiumisation. However, the high cos…
The market for savoury snacks in Thailand is projected to experience modest retail volume growth in 2024, a slight improvement over the previous year. Nonetheless, demand is being hindered by cost of living pressures, which have seen consumers reduce thei…