Orion is No. 4 in the China market for confectioneries

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Orion is No. 4 in the China market for confectioneries

Orion, Korea’s second-largest confectionery company, has claimed the No. 4 position among foreign confectionery companies in China, a report showed yesterday.

The Korean confectionery maker gained a 2.7 percent market share in China’s confectionery market as of 2011, ranking fourth among the top six foreign confectionery companies operating in China.

In 2011, Orion saw its sales reach $627 million.

The Chinese confectionery market was $23.6 billion in 2011 with Chinese confectionery products taking 68 percent of the market and Western products the rest.

Yonhap

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