Orion Ranks 12th in Global Confectionery Sales... "Asia's No. 1"

Candy Industry, a Confectionery Industry Magazine, Sales Revenue Rankings

[Asia Economy Reporter Eunmo Koo] Orion announced on the 22nd that it ranked 12th in the '2022 Global Top 100 Confectionery Companies' released by the global confectionery industry magazine 'Candy Industry.' Rising two spots from last year, it recorded the highest ranking among Asian confectionery companies. Candy Industry selects and announces rankings every year based on the previous year's sales of confectionery companies worldwide.

Despite the global economic downturn last year, Orion continued its growth by launching highly competitive new products and expanding markets across all subsidiaries, recording sales of 2.3594 trillion KRW and operating profit of 372.9 billion KRW, becoming the only domestic company to enter the top 15 for 10 consecutive years.

Orion Korea launched 44 new products last year amid the continued popularity of the globally branded 'Kkobuk Chip.' Along with this, driven by health trends, sales of the 'Market O Nature' and 'Dr. You' brands increased by more than 40% compared to the previous year, sustaining continuous growth in sales and profits.

The China subsidiary maintained growth by expanding the popularity of sister products of existing 'Double Mega Brands' (brands with annual sales exceeding 200 billion KRW) such as 'Choco Pie' and 'Oh! Potato,' as well as expanding new categories.

The Vietnam subsidiary increased market share in potato and rice snacks while expanding new categories such as jelly and nuts, surpassing annual sales of 300 billion KRW and establishing itself as a representative food company in Vietnam. The Russia subsidiary exceeded annual sales of 100 billion KRW for the first time ever last year, thanks to the popularity of Choco Pie using jams familiar to local consumers, such as 'Cherry' and 'Raspberry.'

An Orion official said, "Based on differentiated research and development capabilities and localization strategies, we have been recognized as one of the leading confectionery companies in Asia," adding, "With over 60 years of accumulated product know-how and overseas business capabilities, we will take a second global leap forward beyond confectionery into a comprehensive food company."

This content was produced with the assistance of AI translation services.