Asia Pacific Chocolate Market - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Chocolate is prepared with roasted and ground cacao seeds that made in the form of paste, block, and liquid. Chocolate can be used as a flavoring agent in various food applications. It has numerous health benefits and has a unique and sweet taste. Its consumption reduces the risk of various diseases such as coronary heart disease and hypertension. Moreover, studies reveal that it has a high level of antioxidants.

The Asia Pacific chocolate market is estimated to account for US$ 17,968.3 Mn in terms of value by the end of 2019

Market Dynamics

The growing consumption of dark chocolates due to growing awareness regarding the health benefits of dark chocolate is expected to provide potential market opportunities. For instance, in November 2019, Nestle has launched 70% dark chocolate made entirely from the cocoa fruit. The chocolate has cocoa beans and pulp as the only ingredients that deliver natural sweetness and subtle acidity without added refined sugar.

Growth in the retail industry is projected to foster the market growth of the Asia Pacific chocolates. The emergence of various department stores, mass merchandisers, and duty-free shops at airports due to improvement in the infrastructure is projected to foster the market growth of the chocolate. According to the India Brand Equity Foundation, the retail industry reached US$ 950 billion in 2018 at CAGR of 13 percent and expected to reach US$ 1.1 trillion by 2020.

Key features of the study:

• This report provides in-depth analysis of the Asia Pacific chocolate market and provides market size (US$ Million & Million Kg) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
• This study also provides impact analysis of Coronavirus (Covid-19) pandemic on Asia Pacific chocolate market.
• It profiles key players in the global Asia Pacific chocolate market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Ferrero S.p.A, MARS Inc., Mondelez International, Inc., (Kraft), The Harshey Company, Lotte Co., Ltd, Nestle SA
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The Asia Pacific chocolate market report caters to various stakeholders in this industry including investors, suppliers, Asia Pacific chocolate manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Asia Pacific chocolate market

Detailed Segmentation:

Asia Pacific Chocolate Market, By Product Type:

• Boxed Chocolates
• Countline Chocolates
• Straightline Chocolates
• Molded Bars
• Novelties
• Other Chocolates

Asia Pacific Chocolate Market, By Countries:

• China
• India
• New Zealand
• Japan
• Australia
• South Korea
• Malaysia
• Singapore
• Rest of Asia Pacific
• Company Profiles
• Ferrero S.p.A*
• Company Overview
• Material Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• MARS Inc.
• Mondelez International, Inc.
• The Hershey Company
• Lotte Co., Ltd.
• Nestle SA

“*” marked represents similar segmentation in other categories in the respective section.