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May 17, 2020 (The Expresswire) — Global“Asia-Pacific Chocolate Market”size (value and volume) by players, regions, product types and end industries, history data 2020 and forecast data 2024; This report also studiesthe worldwidemarket competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
Also, Asia-Pacific Chocolate Market is expected to grow at a CAGR of 6.3% during the forecast period of (2020 – 2024). And report provides a complete market overview, list of top manufactures, scope of the report, key market trends of Asia-Pacific Chocolate market, and main aspect about the report- why should you buy this research report? so don’t miss it.
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Asia-Pacific Chocolate Market Overview:
Asia-Pacific Chocolate Market is forecasted to reach USD 32.02 billion by 2024 growing at a CAGR of6.3%during the forecast period (2019 – 2024).
– Asia-Pacific is the fastest-growing market for chocolates as various emerging economies such as China, India, Japan, and others are expected to experience major progress, however, it is being affected by the rising costs of cocoa.
– Over the near future, artisan premium chocolates with an addition of nuts and berries are expected to witness a potential growth, as consumers’ perception shift toward high priced products and as more independent stores reshape the product offerings according to the changes.
The Global Asia-Pacific Chocolate market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
With tables and figures helping analyze worldwide Global Asia-Pacific Chocolate market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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List of Top Key-players/Leading Manufacturers of Asia-Pacific Chocolate Market report :
- Ferrero Group
- Nestle SA
- The Hershey Company
- Lotte Confectionery Co. Ltd.
- Yildiz Holdings
- Meiji Holdings Co.
- Barry Callebaut
Scope of the Asia-Pacific Chocolate Market Report:
The market study of the Asia-Pacific chocolate market is available for alfajores, softlines/selflines, boxed assortments, chocolate with toys, countlines, seasonal chocolate, molded chocolate and other chocolate confectionaries. By distribution channel, the market is segmented as supermarkets/ hypermarkets, specialist retailers, convenience stores, online channel and other distribution channels
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Key Trends of Asia-Pacific Chocolate Market:
Growth in the Demand for Premium Chocolates
The consumers across China consider chocolate as an exotic delicacy, which is also brought as a luxury gift or an extravagant treat. As cited by South China Morning Post, the country accounted for a sales value of chocolate at about CNY 20 billion as of 2015. This increased sales of regular chocolate are expected to fuel the premium chocolate market. The demand is expected to be driven by the concept of “bean-to-bar”, where consumers are expected to consider premium chocolate as a part of luxury rather than a generic food item. The market for premium chocolates in India is highly competitive with international brands, thus, the international brands are engaging themselves in rolling out newer products frequently. Post Hershey’s launch of its premium brand Brookside, Mondelez introduced a new variant under Cadbury Dairy Milk Silk Oreo.
India is the Fastest Growing Market
The chocolate confectionary in India has a major share of the total confectionary market. The overall growth in the chocolate industry showed a decline in 2015 due to the hike in prices and also the restrictions imposed by the Food Safety and Standards Authority (FSSAI) on the sale of chocolates containing vegetable oil and fats. The growth of the chocolate industry rose in 2016 due to the allowance of vegetable oils in the chocolates up to 5% as confirmed by the FSSAI. The latest trend in India is the increasing demand for dark and sugar-free chocolates. Indian consumers are aware of the benefits of dark chocolates and thus, have developed a taste for them. The chocolate manufacturers are now introducing organic ingredients in their products. The changing consumer preferences, lifestyles, eating habits and the exposure to international brands have led to higher sales for the Indian chocolate industry. International brands are now dominating the Indian chocolate industry.
This Asia-Pacific Chocolate Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Asia-Pacific Chocolate ? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Asia-Pacific Chocolate Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Asia-Pacific Chocolate Market? What Was Capacity, Production Value, Cost and PROFIT of Asia-Pacific Chocolate Market?
- What Is Current Market Status of Asia-Pacific Chocolate Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Asia-Pacific Chocolate Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Asia-Pacific Chocolate Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Asia-Pacific Chocolate Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Asia-Pacific Chocolate Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Asia-Pacific Chocolate Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Asia-Pacific Chocolate Industry?
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Reasons to Purchase Asia-Pacific Chocolate Market Report:
- The report analyses how stringent emission control norms will drive the global Asia-Pacific Chocolate market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Asia-Pacific Chocolate market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
Overview of TOC, what it contains?
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To view the original version on The Express Wire visit Global Asia-Pacific Chocolate Market Size 2020: Industry Insights by Global Players, Regional Segmentation, Growth, Applications, Major Drivers, Value and Foreseen till 2024
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