APAC Premium Chocolate Market - Industry Trends and Forecast to 2030
The Asia-Pacific premium chocolate market is expected to reach USD 14,465,909.05 thousand by 2030 from USD 10,256,726.87 thousand in 2022, growing at a CAGR of 4.6% during the forecast period of 2023 to 2030.
Market Segmentation
By Type (Milk chocolate, Dark Chocolate, and White Chocolate), Product Type( Regular/Plain Chocolate and Filled Chocolate), Inclusion (With Inclusions Chocolates and Regular/No Inclusions Chocolates), Nature (Conventional and Organic), Category ( Standard Premium and Super Premium), Cocoa Content (50-60%, 71-80%, 61-70%, 81-90%, and 91-100%), Flavor (Flavor and Classic/Regular), Packaging (Plastic Wrap, Gift Boxes/Assorted, Pouches, Board Box, Sachets, and Others), Distribution Channel (Store Based Retailers and Non-store retailers), Countries (China, India, Japan, Indonesia, South Korea, Australia, Philippines, Thailand, Malaysia, Singapore and Rest of Asia-Pacific) - Industry Trends and Forecast to 2030
Overview of Asia-Pacific Premium Chocolate Market Dynamics:
Driver
• Vegan chocolate helps in lowering blood pressure.
Restrain
• The fluctuating price of raw materials
Opportunity
• Continuous focus on developing new flavored and unique chocolates
Market Players
Some of the key players operating in the Asia-Pacific premium chocolate market are:
• Mars, Incorporated and its Affiliates
• Mondelēz International
• THE HERSHEY COMPANY
• Ferrero, Nestlé
• General Mills, Inc.
• Meiji Holdings Co., Ltd.
• Chocoladefabriken Lindt & Sprüngli AG
• Barry Callebaut
• The Kraft Heinz Company
• Cargill, Incorporated.
• Cloetta AB,
• ORION CORP.
• Ghirardelli Chocolate Company (A Subsidiary of Lindt & Sprüngli AG)
• Ezaki Glico Co., Ltd.
• MORINAGA & CO., LTD
• Arcor
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- 1 Introduction
- 1.1 Objectives Of The Study
- 1.2 Market Definition
- 1.3 Overview Of The Asia Pacific Premium Chocolate Market
- 1.4 Limitations
- 1.5 Markets Covered
- 2 Market Segmentation
- 2.1 Markets Covered
- 2.2 Geographical Scope
- 2.3 Years Considered For The Study
- 2.4 Currency And Pricing
- 2.5 Dbmr Tripod Data Validation Model
- 2.6 Grade Life Line Curve
- 2.7 Multivariate Modeling
- 2.8 Primary Interviews With Key Opinion Leaders
- 2.9 Dbmr Market Position Grid
- 2.10 Market Application Coverage Grid
- 2.11 Dbmr Market Challenge Matrix
- 2.12 Dbmr Vendor Share Analysis
- 2.13 Secondary Sources
- 2.14 Assumptions
- 3 Executive Summary
- 4 Premium Insights
- 4.1 Analysis Of Hazelnut Content For Top Asia Pacific Premium Chocolate Brands
- 4.2 Brand Comparative Analysis
- 4.2.1 Ferrero
- 4.2.2 Nestle
- 4.2.3 Chocoladefabriken Lindt & Sprüngli Ag
- 4.3 Factors Influencing Buying Decision
- 4.3.1 Packaging Factor
- 4.3.2 Taste
- 4.3.3 Health
- 4.3.4 Brand Loyalty
- 4.3.5 Gender And Age
- 4.3.6 Income
- 4.4 Industry Trends And Future Perspective
- 4.4.1 Rising Consumer Preference Toward Dark And Vegan Chocolate
- 4.4.2 Consumers Are Interested In New Innovative Flavours And Texture
- 4.4.3 Rising Demand For Premium Chocolates For Gifting Purposes
- 4.4.4 Future Perspective
- 4.5 Meeting Consumer Requirement
- 4.6 Supply Chain Analysis
- 4.6.1 Raw Material Procurement & Manufacturing
- 4.6.2 Distribution
- 4.6.3 End-users
- 4.7 Shopping Behavior And Dynamics
- 4.7.1 Recommendations From Family And Friends
- 4.7.2 Research
- 4.7.3 Impulsive
- 4.7.4 Advertisement
- 4.7.5 Television Advertisement
- 4.7.6 Online Advertisement
- 4.7.7 In-store Advertisement
- 4.7.8 Outdoor Advertisement
- 4.8 New Product Launch Strategy
- 4.8.1 Number Of Product Launches
- 4.8.2 Line Extension
- 4.8.3 New Packaging
- 4.8.4 Re-launched
- 4.8.5 New Formulation
- 4.8.6 Differential Product Offering
- 4.8.7 Package Designing
- 4.8.8 Pricing Analysis
- 4.9 Regulation Coverage
- 5 Market Overview
- 5.1 Drivers
- 5.1.1 Rise In The Popularity Of Vegan, Organic, And Gluten Free Chocolates
- 5.1.2 High Demand For Premium Chocolates In Festive Seasons
- 5.1.3 Demand For Premium Chocolates Owing To The Shift Towards A Healthy Lifestyle
- 5.1.4 Use Of Premium Chocolate In The Baking Industry
- 5.2 Restraints
- 5.2.1 Fluctuating Prices Of Raw Materials
- 5.2.2 Availability Of Various Substitute
- 5.3 Opportunities
- 5.3.1 Continuous Focus On Developing New Flavored And Unique Chocolates
- 5.3.2 Rising Trend Of Online Distribution
- 5.4 Challenges
- 5.4.1 Rising Cost Of Supply Chain
- 5.4.2 Rules And Regulations Associated With Premium Chocolates
- 6 Asia Pacific Premium Chocolate Market, By Region
- 6.1 Asia-pacific
- 6.1.1 China
- 6.1.2 India
- 6.1.3 Japan
- 6.1.4 Indonesia
- 6.1.5 South Korea
- 6.1.6 Australia
- 6.1.7 Philippines
- 6.1.8 Thailand
- 6.1.9 Malaysia
- 6.1.10 Singapore
- 6.1.11 Rest Of Asia-pacific
- 7 Asia Pacific Premium Chocolate Market: Company Landscape
- 7.1 Company Share Analysis: Asia Pacific
- 7.2 Acquisition
- 7.3 New Product Development
- 7.4 Facility Expansion
- 7.5 New Appointment
- 8 Swot Analysis
- 9 Company Profiles
- 9.1 Mars, Incorporated And Its Affiliates
- 9.1.1 Company Snapshot
- 9.1.2 Company Share Analysis
- 9.1.3 Product Portfolio
- 9.1.4 Recent Updates
- 9.2 Mondelēz International
- 9.2.1 Company Snapshot
- 9.2.2 Revenue Analysis
- 9.2.3 Company Share Analysis
- 9.2.4 Product Portfolio
- 9.2.5 Recent Development
- 9.3 The Hershey Company
- 9.3.1 Company Snapshot
- 9.3.2 Revenue Analysis
- 9.3.3 Company Share Analysis
- 9.3.4 Product Portfolio
- 9.3.5 Recent Development
- 9.4 Ferrero
- 9.4.1 Company Snapshot
- 9.4.2 Company Share Analysis
- 9.4.3 Product Portfolio
- 9.4.4 Recent Updates
- 9.5 Nestlé
- 9.5.1 Company Snapshot
- 9.5.2 Revenue Analysis
- 9.5.3 Company Share Analysis
- 9.5.4 Product Portfolio
- 9.5.5 Recent Development
- 9.6 Arcor
- 9.6.1 Company Snapshot
- 9.6.2 Revenue Analysis
- 9.6.3 Product Portfolio
- 9.6.4 Recent Development
- 9.7 Barry Callebaut
- 9.7.1 Company Snapshot
- 9.7.2 Revenue Analysis
- 9.7.3 Product Portfolio
- 9.7.4 Recent Updates
- 9.8 Cargill, Incorporated
- 9.8.1 Company Snapshot
- 9.8.2 Product Portfolio
- 9.8.3 Recent Updates
- 9.9 Chocoladefabriken Lindt & Sprüngli Ag (2022)
- 9.9.1 Company Snapshot
- 9.9.2 Revenue Analysis
- 9.9.3 Product Portfolio
- 9.9.4 Recent Development
- 9.10 Cloetta Ab
- 9.10.1 Company Snapshot
- 9.10.2 Revenue Analysis
- 9.10.3 Product Portfolio
- 9.10.4 Recent Development
- 9.11 Ezaki Glico Co., Ltd.
- 9.11.1 Company Snapshot
- 9.11.2 Revenue Analysis
- 9.11.3 Product Portfolio
- 9.11.4 Recent Development
- 9.12 General Mills, Inc.
- 9.12.1 Company Snapshot
- 9.12.2 Revenue Analysis
- 9.12.3 Product Portfolio
- 9.12.4 Recent Development
- 9.13 Ghirardelli Chocolate Company
- 9.13.1 Company Snapshot
- 9.13.2 Product Portfolio
- 9.13.3 Recent Development
- 9.14 Meiji Holdings Co., Ltd.
- 9.14.1 Company Snapshot
- 9.14.2 Revenue Analysis
- 9.14.3 Product Portfolio
- 9.14.4 Recent Development
- 9.15 Morinaga & Co., Ltd.
- 9.15.1 Company Snapshot
- 9.15.2 Revenue Analysis
- 9.15.3 Product Portfolio
- 9.15.4 Recent Development
- 9.16 Orion Corp.
- 9.16.1 Company Snapshot
- 9.16.2 Revenue Analysis
- 9.16.3 Product Portfolio
- 9.16.4 Recent Developments
- 9.17 The Kraft Heinz Company
- 9.17.1 Company Snapshot
- 9.17.2 Revenue Analysis
- 9.17.3 Product Portfolio
- 9.17.4 Recent Development
- 10 Questionnaire
- 11 Related Reports 277
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