PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1120979
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1120979
Asia-Pacific Cocoa and Chocolate Market, By Chocolate Type, By Cocoa Type, By Application, By Country Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Asia-Pacific Cocoa and Chocolate Market to Reach USD 12.45 Billion by 2028
Asia-Pacific Cocoa and Chocolate Market is gaining significant traction owing to the growing premium product demand, product innovation, and branding along with the growing awareness of chocolate's benefits on health..
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Asia-Pacific Cocoa and Chocolate Market was worth USD 9.14 billion in the year 2021. The market is projected to grow at a CAGR of 4.6%, earning revenues of around USD 12.45 billion by the end of 2028. The Asia Pacific Cocoa and Chocolate Market is booming because Dark and sugar-free chocolates are becoming increasingly popular among consumers. Because nowadays customers are aware of the benefits of dark chocolate, they have developed a liking for it. Organic ingredients are now being used by chocolate manufacturers. Also, to attract customers, numerous chocolate manufacturers have produced functional chocolates including prebiotic elements and vitamins. As a result, rising chocolate demand is a major driver of cocoa demand in the Asia-Pacific cocoa industry. However, fluctuation in cocoa prices may act as a huge restraining factor for market growth.
Growing Awareness of Dark Chocolate Benefits
Cocoa-based chocolate is high in antioxidants and minerals. Chocolate is also high in calories, so eating it in moderation can help you manage your weight. Chocolate consumption decreases cholesterol levels and lessens the risk of cardiovascular issues. Furthermore, due to its aroma and flavor, chocolate has been regarded as a luxury or premium product since ancient times. All of the aforementioned health benefits and consumer perceptions of chocolate are predicted to increase. Moreover, organic ingredients are increasingly being used by chocolate manufacturers. Consumer tastes, lifestyles, eating habits, and exposure to international brands have all contributed to increased sales in the Asia-Pacific chocolate sector. The Asia-Pacific chocolate industry is increasingly dominated by international brands.
Premium Chocolates are becoming Increasingly Popular
Chocolate is viewed as an exotic pleasure by Asian customers in China, India, Japan, and other countries. It can be offered as a luxury gift or consumed on a special occasion. The market for premium chocolate is expected to benefit from growing sales of ordinary chocolate. The bean-to-bar concept, which predicts that consumers will regard premium chocolate with a higher cocoa content as a luxury rather than a need, is expected to boost demand. The Indian market for premium chocolates is dominated by fierce regional and global competition. As a result, international firms are always producing new things to differentiate themselves from their competition. As a result, the Asia-Pacific Cocoa and Chocolate Market are predicted to develop at a significant rate during the forecast period (2022-2028).
Volatile Prices of Cocoa
The market's growth is hampered by unstable cocoa prices and limited production. Products made from cocoa, such as dark chocolate, cacao nibs, and unsweetened cocoa powder, are rich in minerals. Raw cacao goods that have had minimal processing have more antioxidants and less added sugar than those that have undergone extensive processing, which limits the market growth. These factors collectively prevent the Asia-Pacific Cocoa and Chocolate Market from expanding.
Segmental Coverage
Asia-Pacific Cocoa and Chocolate Market - By Applications
Based on applications, the Asia-Pacific Cocoa and Chocolate Market is segmented into Cosmetics, Pharmaceuticals, Food and Beverages, and Confectionary. The food and beverages segment now has the biggest market share and is likely to continue to do so during the forecast period (2022-2028). For many years, chocolate has been the most popular sweet utilized in a variety of contexts. It has been used in baking frequently as compound chocolate, a less expensive substitute for pure chocolate made of cocoa vegetable oil and sugars. Additionally, brownies, cakes, creams, mousses, and even for decorative purposes are made with milk, dark, and white chocolate. Additionally, the usage of chocolate in beverages has increased. Trendy options include various healthy chocolate cocktails and hot chocolate. The major purposes of chocolate in beverages are to improve flavor, increase richness, and provide color. Many beverage makers use chocolate as their major ingredient because of its ability to hide flavors, keep a clean label, and possess antioxidant properties.
Impact of COVID-19 on Asia-Pacific Cocoa and Chocolate Market
The cocoa market was affected by low sales volumes caused by the COVID-19 epidemic, as well as supply-side worries over quality and certification. The Fine Cacao & Chocolate Institute (FCCI) conducted a poll to determine the impact of the COVID-19 pandemic on exports, and the findings were alarming. According to studies, the rigorous lockdown prevented producers and agricultural workers from accessing the estates for several weeks until officials granted exceptions. Because of the disruption in the raw material supply chain, which was followed by the lockdown, an increasing number of specialized stores are closing for an extended period, and the volume consumption of luxury chocolates has decreased.
Competitive Landscape
The leading market players in the Asia-Pacific Cocoa and Chocolate Market are Nestle S.A, Cargill Incorporated, Olam International, Barry Callebaut AG, Fuji Oil Company Ltd, ECOM Agroindustrial Corporation, Touton S.A, B D Associates Ghana, PLOT Enterprises, and other prominent players. The Asia-Pacific Cocoa and Chocolate Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Asia-Pacific Cocoa and Chocolate report promises to provide recent technology trends in the Asia-Pacific Cocoa and Chocolate Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Region
- 2.5. Assumption & Limitation
3. Executive Summary
4. Insights
- 4.1. Industry Value Chain Analysis
- 4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Technological Advancement/Recent Development
- 4.4. Regulatory Framework
- 4.5. Porter's Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. Threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry
5. Asia-Pacific Cocoa and Chocolate Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Chocolate Type
- 5.2.1.1. Dark Chocolate
- 5.2.1.2. Milk Chocolate
- 5.2.1.3. White Chocolate
- 5.2.1.4. Filled Chocolate
- 5.2.2. By Cocoa Type
- 5.2.2.1. Cocoa Butter
- 5.2.2.2. Cocoa Liquor
- 5.2.2.3. Cocoa Powder
- 5.2.3. By Application
- 5.2.3.1. Cosmetics
- 5.2.3.2. Pharmaceuticals
- 5.2.3.3. Food and Beverages
- 5.2.3.4. Confectionary
- 5.2.4. By Country
- 5.2.4.1. China
- 5.2.4.2. India
- 5.2.4.3. Japan
- 5.2.4.4. South Korea
- 5.2.4.5. Indonesia
- 5.2.4.6. Malaysia
- 5.2.4.7. Thailand
- 5.2.4.8. Philippines
- 5.2.4.9. Australia
- 5.2.4.10. Vietnam
- 5.2.4.11. Rest of Asia-Pacific
- 5.2.1. By Chocolate Type
6. China Cocoa and Chocolate Market
- 6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Chocolate Type
- 6.2.2. By Cocoa Type
- 6.2.3. By Application
7. India Cocoa and Chocolate Market
- 7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Chocolate Type
- 7.2.2. By Cocoa Type
- 7.2.3. By Application
8. Japan Cocoa and Chocolate Market
- 8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Chocolate Type
- 8.2.2. By Cocoa Type
- 8.2.3. By Application
9. South Korea Cocoa and Chocolate Market
- 9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Chocolate Type
- 9.2.2. By Cocoa Type
- 9.2.3. By Application
10. Indonesia Cocoa and Chocolate Market
- 10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Chocolate Type
- 10.2.2. By Cocoa Type
- 10.2.3. By Application
11. Malaysia Cocoa and Chocolate Market
- 11.1. Market Size & Forecast by Value, 2018-2028
- 11.1.1. By Value (USD Million)
- 11.2. Market Share & Forecast
- 11.2.1. By Chocolate Type
- 11.2.2. By Cocoa Type
- 11.2.3. By Application
12. Thailand Cocoa and Chocolate Market
- 12.1. Market Size & Forecast by Value, 2018-2028
- 12.1.1. By Value (USD Million)
- 12.2. Market Share & Forecast
- 12.2.1. By Chocolate Type
- 12.2.2. By Cocoa Type
- 12.2.3. By Application
13. Philippines Cocoa and Chocolate Market
- 13.1. Market Size & Forecast by Value, 2018-2028
- 13.1.1. By Value (USD Million)
- 13.2. Market Share & Forecast
- 13.2.1. By Chocolate Type
- 13.2.2. By Cocoa Type
- 13.2.3. By Application
14. Australia Cocoa and Chocolate Market
- 14.1. Market Size & Forecast by Value, 2018-2028
- 14.1.1. By Value (USD Million)
- 14.2. Market Share & Forecast
- 14.2.1. By Chocolate Type
- 14.2.2. By Cocoa Type
- 14.2.3. By Application
15. Vietnam Cocoa and Chocolate Market
- 15.1. Market Size & Forecast by Value, 2018-2028
- 15.1.1. By Value (USD Million)
- 15.2. Market Share & Forecast
- 15.2.1. By Chocolate Type
- 15.2.2. By Cocoa Type
- 15.2.3. By Application
16. Rest of Asia-Pacific Cocoa and Chocolate Market
- 16.1. Market Size & Forecast by Value, 2018-2028
- 16.1.1. By Value (USD Million)
- 16.2. Market Share & Forecast
- 16.2.1. By Chocolate Type
- 16.2.2. By Cocoa Type
- 16.2.3. By Application
17. Competitive Landscape
- 17.1. List of Key Players and Their Offerings
- 17.2. Market Share Analysis, 2021
- 17.3. Competitive Benchmarking, By Operating Parameters
- 17.4. Key Strategic Development (Merger, Acquisition, Partnership, etc.)
18. Impact of Covid-19 on Asia-Pacific Cocoa and Chocolate Market
19. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- 19.1. Nestle S.A
- 19.2. Cargill Incorporated
- 19.3. Olam International
- 19.4. Barry Callebaut AG
- 19.5. Fuji Oil Company Ltd
- 19.6. ECOM Agroindustrial Corporation
- 19.7. Touton S.A
- 19.8. B D Associates Ghana
- 19.9. PLOT Enterprises
- 19.10. Other Prominent Players
20. Key Strategic Recommendations
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
- Figure 1 Asia-Pacific Cocoa and Chocolate Segmentation
- Figure 2 Asia-Pacific Cocoa and Chocolate Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2021
- Figure 4 Asia-Pacific Cocoa and Chocolate Market Size, By Value (USD Million), 2018-2028
- Figure 5 Asia-Pacific Cocoa and Chocolate Market Share, By Chocolate Type, By Value, 2018-2028
- Figure 6 Asia-Pacific Cocoa and Chocolate Market Share, By Cocoa Type, By Value, 2018-2028
- Figure 7 Asia-Pacific Cocoa and Chocolate Market Share, By Application, By Value, 2018-2028
- Figure 8 Asia-Pacific Cocoa and Chocolate Market Share, By Region, By Value, 2018-2028
- Figure 9 China Cocoa and Chocolate Market Size, By Value (USD Million), 2018-2028
- Figure 10 China Cocoa and Chocolate Market Share, By Chocolate Type, By Value, 2018-2028
- Figure 11 China Cocoa and Chocolate Market Share, By Cocoa Type, By Value, 2018-2028
- Figure 12 China Cocoa and Chocolate Market Share, By Application, By Value, 2018-2028
- Figure 13 India Cocoa and Chocolate Market Size, By Value (USD Million), 2018-2028
- Figure 14 India Cocoa and Chocolate Market Share, By Chocolate Type, By Value, 2018-2028
- Figure 15 India Cocoa and Chocolate Market Share, By Cocoa Type, By Value, 2018-2028
- Figure 16 India Cocoa and Chocolate Market Share, By Application, By Value, 2018-2028
- Figure 17 Japan Cocoa and Chocolate Market Size, By Value (USD Million), 2018-2028
- Figure 18 Japan Cocoa and Chocolate Market Share, By Chocolate Type, By Value, 2018-2028
- Figure 19 Japan Cocoa and Chocolate Market Share, By Cocoa Type, By Value, 2018-2028
- Figure 20 Japan Cocoa and Chocolate Market Share, By Application, By Value, 2018-2028
- Figure 21 South Korea Cocoa and Chocolate Market Size, By Value (USD Million), 2018-2028
- Figure 22 South Korea Cocoa and Chocolate Market Share, By Chocolate Type, By Value, 2018-2028
- Figure 23 South Korea Cocoa and Chocolate Market Share, By Cocoa Type, By Value, 2018-2028
- Figure 24 South Korea Cocoa and Chocolate Market Share, By Application, By Value, 2018-2028
- Figure 25 Indonesia Cocoa and Chocolate Market Size, By Value (USD Million), 2018-2028
- Figure 26 Indonesia Cocoa and Chocolate Market Share, By Chocolate Type, By Value, 2018-2028
- Figure 27 Indonesia Cocoa and Chocolate Market Share, By Cocoa Type, By Value, 2018-2028
- Figure 28 Indonesia Cocoa and Chocolate Market Share, By Application, By Value, 2018-2028
- Figure 29 Malaysia Cocoa and Chocolate Market Size, By Value (USD Million), 2018-2028
- Figure 30 Malaysia Cocoa and Chocolate Market Share, By Chocolate Type, By Value, 2018-2028
- Figure 31 Malaysia Cocoa and Chocolate Market Share, By Cocoa Type, By Value, 2018-2028
- Figure 32 Malaysia Cocoa and Chocolate Market Share, By Application, By Value, 2018-2028
- Figure 33 Thailand Cocoa and Chocolate Market Size, By Value (USD Million), 2018-2028
- Figure 34 Thailand Cocoa and Chocolate Market Share, By Chocolate Type, By Value, 2018-2028
- Figure 35 Thailand Cocoa and Chocolate Market Share, By Cocoa Type, By Value, 2018-2028
- Figure 36 Thailand Cocoa and Chocolate Market Share, By Application, By Value, 2018-2028
- Figure 37 Philippines Cocoa and Chocolate Market Size, By Value (USD Million), 2018-2028
- Figure 38 Philippines Cocoa and Chocolate Market Share, By Chocolate Type, By Value, 2018-2028
- Figure 39 Philippines Cocoa and Chocolate Market Share, By Cocoa Type, By Value, 2018-2028
- Figure 40 Philippines Cocoa and Chocolate Market Share, By Application, By Value, 2018-2028
- Figure 41 Australia Cocoa and Chocolate Market Size, By Value (USD Million), 2018-2028
- Figure 42 Australia Cocoa and Chocolate Market Share, By Chocolate Type, By Value, 2018-2028
- Figure 43 Australia Cocoa and Chocolate Market Share, By Cocoa Type, By Value, 2018-2028
- Figure 44 Australia Cocoa and Chocolate Market Share, By Application, By Value, 2018-2028
- Figure 45 Rest of the Asia-Pacific Cocoa and Chocolate Market Size, By Value (USD Million), 2018-2028
- Figure 46 Rest of the Asia-Pacific Cocoa and Chocolate Market Share, By Chocolate Type, By Value, 2018-2028
- Figure 47 Rest of the Asia-Pacific Cocoa and Chocolate Market Share, By Cocoa Type, By Value, 2018-2028
- Figure 48 Rest of the Asia-Pacific Cocoa and Chocolate Market Share, By Application, By Value, 2018-2028
List of Tables
- Table 1 Asia-Pacific Cocoa and Chocolate Market Size, By Chocolate Type, By Value, 2018-2028
- Table 2 Asia-Pacific Cocoa and Chocolate Market Size, By Cocoa Type, By Value, 2018-2028
- Table 3 Asia-Pacific Cocoa and Chocolate Market Size, By Application, By Value, 2018-2028
- Table 4 Asia-Pacific Cocoa and Chocolate Market Size, By Region, By Value, 2018-2028
- Table 5 China Cocoa and Chocolate Market Size, By Chocolate Type, By Value, 2018-2028
- Table 6 China Cocoa and Chocolate Market Size, By Cocoa Type, By Value, 2018-2028
- Table 7 China Cocoa and Chocolate Market Size, By Application, By Value, 2018-2028
- Table 8 India Cocoa and Chocolate Market Size, By Chocolate Type, By Value, 2018-2028
- Table 9 India Cocoa and Chocolate Market Size, By Cocoa Type, By Value, 2018-2028
- Table 10 India Cocoa and Chocolate Market Size, By Application, By Value, 2018-2028
- Table 11 Japan Cocoa and Chocolate Market Size, By Chocolate Type, By Value, 2018-2028
- Table 12 Japan Cocoa and Chocolate Market Size, By Cocoa Type, By Value, 2018-2028
- Table 13 Japan Cocoa and Chocolate Market Size, By Application, By Value, 2018-2028
- Table 14 South Korea Cocoa and Chocolate Market Size, By Chocolate Type, By Value, 2018-2028
- Table 15 South Korea Cocoa and Chocolate Market Size, By Cocoa Type, By Value, 2018-2028
- Table 16 South Korea Cocoa and Chocolate Market Size, By Application, By Value, 2018-2028
- Table 17 Indonesia Cocoa and Chocolate Market Size, By Chocolate Type, By Value, 2018-2028
- Table 18 Indonesia Cocoa and Chocolate Market Size, By Cocoa Type, By Value, 2018-2028
- Table 19 Indonesia Cocoa and Chocolate Market Size, By Application, By Value, 2018-2028
- Table 20 Malaysia Cocoa and Chocolate Market Size, By Chocolate Type, By Value, 2018-2028
- Table 21 Malaysia Cocoa and Chocolate Market Size, By Cocoa Type, By Value, 2018-2028
- Table 22 Malaysia Cocoa and Chocolate Market Size, By Application, By Value, 2018-2028
- Table 23 Thailand Cocoa and Chocolate Market Size, By Chocolate Type, By Value, 2018-2028
- Table 24 Thailand Cocoa and Chocolate Market Size, By Cocoa Type, By Value, 2018-2028
- Table 25 Thailand Cocoa and Chocolate Market Size, By Application, By Value, 2018-2028
- Table 26 Philippines Cocoa and Chocolate Market Size, By Chocolate Type, By Value, 2018-2028
- Table 27 Philippines Cocoa and Chocolate Market Size, By Cocoa Type, By Value, 2018-2028
- Table 28 Philippines Cocoa and Chocolate Market Size, By Application, By Value, 2018-2028
- Table 29 Australia Cocoa and Chocolate Market Size, By Chocolate Type, By Value, 2018-2028
- Table 30 Australia Cocoa and Chocolate Market Size, By Cocoa Type, By Value, 2018-2028
- Table 31 Australia Cocoa and Chocolate Market Size, By Application, By Value, 2018-2028
- Table 32 Vietnam Cocoa and Chocolate Market Size, By Chocolate Type, By Value, 2018-2028
- Table 33 Vietnam Cocoa and Chocolate Market Size, By Cocoa Type, By Value, 2018-2028
- Table 34 Vietnam Cocoa and Chocolate Market Size, By Application, By Value, 2018-2028
- Table 35 Rest of the Asia-Pacific Cocoa and Chocolate Market Size, By Chocolate Type, By Value, 2018-2028
- Table 36 Rest of the Asia-Pacific Cocoa and Chocolate Market Size, By Cocoa Type, By Value, 2018-2028
- Table 37 Rest of the Asia-Pacific Cocoa and Chocolate Market Size, By Application, By Value, 2018-2028
- Table 38 Nestle S.A Company Overview
- Table 39 Nestle S.A Financial Overview
- Table 40 Cargill Incorporated Company Overview
- Table 41 Cargill Incorporated Financial Overview
- Table 42 Olam International Company Overview
- Table 43 Olam International Financial Overview
- Table 44 Barry Callebaut AG Company Overview
- Table 45 Barry Callebaut AG Financial Overview
- Table 46 Fuji Oil Company Ltd Company Overview
- Table 47 Fuji Oil Company Ltd Financial Overview
- Table 48 ECOM Agroindustrial Corporation Company Overview
- Table 49 ECOM Agroindustrial Corporation Financial Overview
- Table 50 Touton S.A Company Overview
- Table 51 Touton S.A Financial Overview
- Table 52 B D Associates Ghana Company Overview
- Table 53 B D Associates Ghana Financial Overview
- Table 54 PLOT Enterprises Company Overview
- Table 55 PLOT Enterprises Financial Overview
