Asia Pacific Chocolate Market Overview
The Asia-Pacific Chocolate Market is witnessing innovation as manufacturers are adding new ingredients such as the introduction of savory over sweet flavors, such as salted caramel and sea salt. The industry's most unique flavor combinations include chilly, turmeric, and ginger. Inventive thinking in the chocolate sector, sugar substitutes have exploded in popularity. Organic ingredients are considered more natural and healthier, therefore demand for organic cocoa and chocolate ingredients continues to grow. Manufacturers are cutting down the usage of chemical additives like Cargill have gone a step ahead and removed lecithin from its cocoa and chocolate offerings. Ruby chocolate which is developed from the discovery of the ruby cocoa bean and the creation of a totally new flavor experience was launched in Asia by Nestle, with Japan and Korea as the major markets.
The Asia Pacific chocolate market report comprehensively covers the market by product type, by distribution channels, by chocolate type, and key countries including Japan, China, India, Indonesia, and the Rest of Asia Pacific. The Asia Pacific chocolate market outlook report provides an unbiased and detailed analysis of the Asia Pacific chocolate market trends, Asia Pacific Chocolate market share, opportunities, high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
According to 6Wresearch, the Asia Pacific chocolate market size is projected to grow at a CAGR of 5.8% during 2019–25. In the overall Asia Pacific region, Japan and China have captured the majority of the market revenues in 2018, however, India is expected to lead the market over the coming years owing to rapid urbanization and increasing demand for novelty chocolates. Further, growing investment by the Indian government to support new start-ups as well as manufacturing enterprises under the pretense of a “Make in India” campaign, would positively influence the market growth. Additionally, the Milk chocolate segment captured the majority of the Asia Pacific chocolate market share in 2018; however dark chocolate is anticipated to witness substantial growth during the forecast period owing to growing awareness regarding the health benefits of dark chocolates.
Key Highlights of the Report:-
- Asia Pacific Chocolate Market Overview
- Asia Pacific Chocolate Market Outlook
- Asia Pacific Chocolate Market Forecast
- Market Drivers and Restraints
- Asia Pacific Chocolate Market Price Trends
- Asia Pacific Chocolate Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Asia Pacific Chocolate Market Share, By Countries
- Asia Pacific Chocolate Market Share, By Players
- Asia Pacific Chocolate Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
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