Sweets & Snacks

According to data from Guanyan Research Network, China's confectionery manufacturing market has exhibited an overall upward trend since 2016. In 2019, the nation's dessert market reached a scale of 112 billion yuan, increasing to 171.5 billion yuan by 2024 with a year-on-year growth rate of 13.2%. It is projected to surpass 190 billion yuan in 2025, reaching 192.8 billion yuan.

In terms of the number of confectionery enterprises, Guangdong leads with over 26,500 establishments, accounting for one-third of the national total and significantly outpacing other provinces.
According to iiMedia Research data, from 2010 to 2022, China's snack food industry market size grew from 410 billion yuan to 1,165.4 billion yuan, and is projected to reach 1,237.8 billion yuan by 2027.

According to iiMedia Research, the market size of China's snack industry has grown from 410 billion yuan to 1165.4 billion yuan from 2010 to 2022 and is expected to reach a size of 123.78 billion yuan by 2027.

Consumer Trends: From ‘Sensory Satisfaction’ to ‘Physical Wellbeing and Emotional Healing’

Health-consciousness becomes mainstream: Consumers urgently seek ‘clean labels’, with 61% of Chinese consumers willing to pay a premium for preservative-free products. Within the confectionery sector, sugar-free product penetration is projected to surge from 6% in 2020 to 27.6% by 2025.

Functional Demand Emerges: Sweets offering functional benefits like vitamin supplementation and probiotics represent one of the fastest-growing segments.

‘Emotional Value’ Gains Traction: The concept of ‘emotional comfort food’ has gained popularity, with products serving as vessels for young consumers seeking psychological solace. For instance, certain brands have launched sweets co-branded with the MBTI personality test to cater to consumers' desires for self-expression and social sharing.

Channels and Models: Efficiency Revolution and Full-Link Upgrade

Bulk snack retailers have surged to prominence. Characterised by exceptional value for money and extensive SKU offerings, bulk snack stores (such as ‘Haoxianglai’ and ‘Mingming Henmang’) have expanded rapidly. By 2024, their market size had grown to RMB104.59 billion, profoundly reshaping the offline retail landscape.

*Reference:《2025-2030年中国糖果行业发展趋势分析与未来投资研究报告》《2023-2028年中国休闲食品行业发展现状及前景分析》《2025-2030年中国糖果行业发展趋势分析与未来投资研究报告》