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Asia Pacific Cocoa And Chocolate Market
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Asia Pacific Cocoa And Chocolate Market

Home Food And Beverages Asia Pacific Cocoa And Chocolate Market

Asia Pacific Cocoa and Chocolate Market, By Chocolate Type (Dark Chocolate, Milk Chocolate, White Chocolate, Filled Chocolate), By Cocoa Type (Cocoa Butter, Cocoa Liquor, Cocoa Powder), By Application (Cosmetics, Pharmaceuticals, Food and Beverages, and Confectionary), By Country (China, India, Japan, South Korea, Indonesia, Malaysia, Thailand, Philippines, Australia, Vietnam, Rest of Asia-Pacific), Trend Analysis, Competitive Market Share & Forecast, 2018-2028

  • Published Date: August 2022
  • Report ID: BWC22281
  • Available Format: PDF
  • Page: 114

Report Overview

Asia-Pacific Cocoa and Chocolate Market is flourishing owing to the rising spending of the consumer on premium chocolates, growing usage of chocolates in a variety of food items as well as beverages such as cocktails, hot chocolate, brownies, cakes, etc.

Asia-Pacific Cocoa and Chocolate Market - Industry Trends & Forecast Report 2028

Asia-Pacific Cocoa and Chocolate Market was worth USD 9.14 billion in 2021 and is further projected to reach USD 12.45 billion by the year 2028, exhibiting a CAGR of 4.6% during the forecast period (2022-2028). The rapid expansion of the market is predominantly due to the growing consumption of chocolate. For many years, chocolate was the most popular sweet used in a range of situations. Moreover, chocolate producers are considering consumer preferences for size, shape, texture, personal experiences, packaging, and regional fashions. Today's consumers want both deliciousness and health benefits. As a result, some chocolate producers have introduced functional chocolates that include pre-biotic components and vitamins. Furthermore, due to reasons including the need for high-end items, product innovation, and branding, the Asia-Pacific Cocoa and Chocolate Market has experienced significant growth.

Asia Pacific Cocoa and Chocolate Market

Cocoa and Chocolate - Overview

Cocoa and chocolate are both made from cocoa pod beans. They differ in the extraction procedure, and the components inside are not the same. Chocolate is the fermentation of cocoa beans to develop microbes and enhance the absorption of numerous nutrients. After the nibs are removed, the cocoa bean is crushed into cocoa powder, which is used in baking and beverages. Milk chocolate comprises anything from 10 to 50 percent cocoa solids, cocoa butter, milk in some form, and sugar, whereas dark chocolate contains 50-90 percent cocoa solids, cocoa butter, and sugar. Moreover, the cocoa or cocoa bean is the seed of the Theobroma cacao (cacao tree), a tropical plant native to the Americas' equatorial regions. Cocoa is the dried form.

Asia-Pacific Cocoa and Chocolate Market Forecast and Trends

Growth Drivers

Consumer Spending Power Growth to Support Market Expansion

As of 2020, there will be 778 billionaires in the Asia Pacific region, according to research. In addition, the region is home to the greatest percentage of the world's super-rich—about 38%—compared to any other region. The presence of high-net-worth individuals (HNWI) and rising consumer spending power are driving up demand for cocoa and chocolate confectionary in the Asia Pacific region. Additionally, it is anticipated that in the years to come, the Asia Pacific cocoa and chocolate market would expand as a result of the rising consumption of chocolate products due to its health benefits.

Rising Demand for Luxury Chocolates

Asian consumers in China, India, Japan, and other nations view chocolate as an exotic pleasure that may be given as a lavish present or indulged in on a special occasion. The market for premium chocolate is anticipated to benefit from rising ordinary chocolate sales. The bean-to-bar idea, which assumes that consumers will view premium chocolate with a greater cocoa content as a luxury rather than a standard food item, is predicted to stimulate demand. High levels of regional and worldwide competition dominate the Indian market for premium chocolates. Therefore, international brands are continuously releasing new items to set themselves apart from their competitors.

Increasing Knowledge of the Advantages of Cocoa and Chocolate

The market for cocoa and chocolate is expanding as consumers become more aware of the health benefits of ingesting goods with high cocoa content. Other health benefits of cocoa include protection against sunburn, a reduction in hypertension, and assistance with chronic fatigue syndrome. Additionally, cocoa includes polyphenols, which shield the body's tissues against oxidative stress and its associated conditions including cancer and inflammation. The cocoa and chocolate markets are also growing as a result of these factors. All these factors boost the growth of the Asia-Pacific Cocoa and Chocolate Market during the forecast period (2022-2028).

Restraints

Fluctuating Cocoa Prices

Volatile cocoa prices and constrained cocoa production impede the market's expansion. Mineral content is high in cocoa products including dark chocolate, cacao nibs, and unsweetened cocoa powder. Raw cacao products with minimum processing have more antioxidants and less added sugar than those with heavy processing, which inhibits market expansion. All these factors hinder the growth of the Asia-Pacific Cocoa and Chocolate Market.

Impact of COVID-19 on Asia-Pacific Cocoa and Chocolate Market

Low sales volumes induced by the COVID-19 epidemic, as well as supply-side concerns relating to quality and certification, hampered the cocoa market. The Fine Cacao & Chocolate Institute (FCCI) performed a poll on the impact of the COVID-19 pandemic on exports, and the results were disturbing. According to research, the strict lockdown barred producers and agricultural workers from reaching the estates for several weeks before officials approved exceptions. Because of the disruption in the raw material supply chain, followed by lockdown, an increasing number of specialty stores are closing for a longer length of time, and volume consumption of luxury chocolates is declined. However, during the forecast period (2022-2028), the market is expected to rise due to the quickest recovery rates in some regions and the rising consumption of chocolate products. Which in turn anticipated to surge in the demand for cocoa.  

Asia-Pacific Cocoa and Chocolate Market - By Chocolate Type

Based on the type, the Asia-Pacific Cocoa and Chocolate Market are segmented into Dark Chocolate, Milk Chocolate, White Chocolate, and Filled Chocolate. Among these, dark chocolate accounts for the largest share in the Asia-Pacific Cocoa and Chocolate Market. This is due to its health benefits owing to its greater cocoa percentage. Some of them include cardiovascular effects such as blood pressure regulation and insulin resistance. Dark chocolate eating is also thought to enhance the immune system. It aids in the inhibition of cancer cell proliferation. Dark chocolate is also an anti-diabetic drug that can help with obesity and other diseases associated with glucose homeostasis.

Asia Pacific Cocoa and Chocolate Market Share

Asia-Pacific Cocoa and Chocolate Market – By Cocoa Type

Based on cocoa type, the Asia-Pacific Cocoa and Chocolate Market is segmented into Cocoa Butter, Cocoa Liquor, and Cocoa Powder. Among these, the cocoa powder segment holds the largest market share. The production of items containing cocoa, such as drinks, cake fillings, ice cream, and other confections, frequently uses cocoa powder. Moreover, pressing liquor in a mechanical or hydraulic press at pressures of 400–500 bar and temperatures of 90–100 °C results in a defatting process, which turns cocoa liquor (often alkalinized cocoa liquor) into cocoa powder. In this manner, cocoa cake (compressed cocoa powder) is created by removing some of the fat (cocoa butter). The process of grinding cocoa cake yields cocoa powder. All these factors boost the growth of the Asia-Pacific Cocoa and Chocolate Market during the forecast period (2022-2028).

Asia-Pacific Cocoa and Chocolate Market - By Country

Geographically, the Asia-Pacific Cocoa and Chocolate Market is segmented into China, India, Japan, South Korea, Indonesia, Malaysia, Thailand, Philippines, Australia, Vietnam, Rest of Asia-Pacific. One of the largest portions of the overall confectionery market in India is occupied by chocolate confections. Due to price increases and limitations placed on the sale of chocolates containing vegetable oil and fats by the Food Safety and Standards Authority (FSSAI), the overall growth of the chocolate business shrank in 2015. Due to the acceptance of vegetable oils in chocolates in 2016, the growth of the chocolate business accelerated. Demand for dark and sugar-free chocolates is rising in India. Indian customers have a love for dark chocolate since they are aware of its health benefits. Organic components are now being used in chocolate goods by producers. Changes in customer tastes, lifestyles, eating habits, and brand exposure from abroad have resulted in driving the growth of the market.

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.

 

Recent Development

  • In 2021, Nestle SA announced the launch of its first-ever vegan KitKat bar named "KitKat V", owing to the growing preference for veganism among consumers. The company has already launched plant-based alternatives to dairy made from rice, oat, soy, coconut, pea, and almonds across categories, and it intends to continue expanding its plant-based product portfolio with vegan chocolates.

Scope of the Report

Attributes Details
Years Considered Historical data – 2018-2021
Base Year – 2021
Forecast – 2022 – 2028
Facts Covered Revenue in USD Billion
Product Service/Segmentation By Chocolate Type, By Cocoa Type, By Application, By Country.
Key Players 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.

 

 

By Chocolate Type

    • Dark Chocolate
    • Milk Chocolate
    • White Chocolate
    • Filled Chocolate

By Cocoa Type

    • Cocoa Butter
    • Cocoa Liquor
    • Cocoa Powder

By Application

    • Cosmetics
    • Pharmaceuticals
    • Food and Beverages
    • Confectionary

By Country

  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Philippines
  • Australia
  • Vietnam
  • Rest of Asia-Pacific
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4.  Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Technological Advancement/Recent Development
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Asia-Pacific Cocoa and Chocolate Market Overview
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Chocolate Type
        1. Dark Chocolate
        2. Milk Chocolate
        3. White Chocolate
        4. Filled Chocolate
      2. By Cocoa Type
        1. Cocoa Butter
        2. Cocoa Liquor
        3. Cocoa Powder
      3. By Application
        1. Cosmetics
        2. Pharmaceuticals
        3. Food and Beverages
        4. Confectionary
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Indonesia
        6. Malaysia
        7. Thailand
        8. Philippines
        9. Australia
        10. Vietnam
        11. Rest of Asia-Pacific
  6. China Cocoa and Chocolate Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Chocolate Type
      2. By Cocoa Type
      3. By Application
  7. India Cocoa and Chocolate Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Chocolate Type
      2. By Cocoa Type
      3. By Application
  8. Japan Cocoa and Chocolate Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Chocolate Type
      2. By Cocoa Type
      3. By Application
  9. South Korea Cocoa and Chocolate Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Chocolate Type
      2. By Cocoa Type
      3. By Application
  10. Indonesia Cocoa and Chocolate Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Chocolate Type
      2. By Cocoa Type
      3. By Application
  11. Malaysia Cocoa and Chocolate Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Chocolate Type
      2. By Cocoa Type
      3. By Application
  12. Thailand Cocoa and Chocolate Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Chocolate Type
      2. By Cocoa Type
      3. By Application
  13. Philippines Cocoa and Chocolate Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Chocolate Type
      2. By Cocoa Type
      3. By Application
  14. Australia Cocoa and Chocolate Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Chocolate Type
      2. By Cocoa Type
      3. By Application
  15. Vietnam Cocoa and Chocolate Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Chocolate Type
      2. By Cocoa Type
      3. By Application
  16. Rest of Asia-Pacific Cocoa and Chocolate Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Chocolate Type
      2. By Cocoa Type
      3. By Application
  17. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    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) **
    1. Nestle S.A
    2. Cargill Incorporated
    3. Olam International
    4. Barry Callebaut AG
    5. Fuji Oil Company Ltd
    6. ECOM Agroindustrial Corporation
    7. Touton S.A
    8. B D Associates Ghana
    9. PLOT Enterprises
    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

 

Market Segmentation

By Chocolate Type

    • Dark Chocolate
    • Milk Chocolate
    • White Chocolate
    • Filled Chocolate

By Cocoa Type

    • Cocoa Butter
    • Cocoa Liquor
    • Cocoa Powder

By Application

    • Cosmetics
    • Pharmaceuticals
    • Food and Beverages
    • Confectionary

By Country

  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Philippines
  • Australia
  • Vietnam
  • Rest of Asia-Pacific
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Frequently Asked Questions (FAQs):

Ans: The Asia-Pacific Cocoa and Chocolate Market reached 9.14 billion in 2021.
Ans: The major factors driving the growth of the Asia-Pacific Cocoa and Chocolate Market are the rising spending of the consumer on premium chocolates, growing usage of chocolates in a variety of food items as well as beverages such as cocktails, hot chocolate, brownies, cakes, etc.
Ans: The key 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.
Ans: The dark chocolate segment accounted for the largest share in the Asia-Pacific Cocoa and Chocolate Market.
Ans: India has the largest share in Asia-Pacific Cocoa and Chocolate Market.