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ASIA-PACIFIC COCOA MARKET FORECAST 2021-2028

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ASIA-PACIFIC COCOA MARKET FORECAST 2021-2028

The Asia-Pacific cocoa market is predicted to record a CAGR of 4.18% during the forecast period, 2021-2028. The region has a thriving chocolate confectionery market. The rising disposable incomes and fast-paced urbanization are among the major factors driving the consumption of cocoa products.

ASIA-PACIFIC COCOA MARKET FORECAST 2021-2028

Asia-Pacific Cocoa Market by Process (Dutch-process, Natural Process) Market by Quality (Bulk, Specialty, Fine Flavor) Market by Product (Cocoa Liquor, Cocoa Powder, Cocoa Butter) Market by Type (Conventional, Organic) Market by Application (Confectionary, Food & Beverage, Bakery, Other Applications) by Geography

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The Asia-Pacific cocoa market is predicted to record a CAGR of 4.18% during the forecast period, 2021-2028. The region has a thriving chocolate confectionery market. The rising disposable incomes and fast-paced urbanization are among the major factors driving the consumption of cocoa products.

asia-pacific-cocoa-market

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The Asia-Pacific cocoa market growth evaluation includes the analysis of Singapore, China, Japan, Australia & New Zealand, India, Indonesia, South Korea, Malaysia, and Rest of Asia-Pacific. China is witnessing a rising demand for cocoa products due to globalization and rising purchasing power. Also, there is ample potential in localizing chocolates and incorporating them into local foods. This is an upcoming trend in the country with regard to cocoa products. For example, chocolate-flavored sticky rice and chocolate fillings for steam buns are popular in China. Also, chocolate is majorly used in the ice-cream and bakery sectors. Moreover, the country has untapped potential for chocolate manufacturers to expand their presence. Such factors, along with increasing westernization, influences the adoption of chocolates in western pastry, food service, and bakery chains.

In South Korea, chocolate is a popular food but is consumed less compared to the western countries. At the same time, the preferences and appetites have changed. There is an increasing inclination among the young population and women for premium brand chocolate desserts with high quality cocoa content. Also, chocolate is a prominent choice of gift. In addition, the market growth is majorly dependent on local bakeries and chocolatiers. Moreover, there is a rising demand for imported and premium quality chocolates. Such factors enable market growth.

Guan Chong Berhad (GCB) manufactures cocoa-derived ingredients like cocoa powder, cocoa cake, cocoa butter, and cocoa liquor. Also, it provides management services. It operates in the US, Indonesia, Malaysia, etc., with headquarters in Pasir Gudang, Malaysia.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • RISE IN DEMAND FOR CHOCOLATE
        • HEALTH BENEFITS OF COCOA
      • KEY RESTRAINTS
        • LOW PRODUCTIVITY
        • PRICE FLUCTUATIONS OF COCOA
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON COCOA MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
        • PRODUCTION
        • TRANSPORTATION
        • TRADERS AND GRINDERS
        • CONSUMER PRODUCT MANUFACTURERS
        • RETAIL
    1. MARKET BY PROCESS
      • DUTCH-PROCESS
      • NATURAL PROCESS
    2. MARKET BY QUALITY
      • BULK
      • SPECIALTY
      • FINE FLAVOR
    3. MARKET BY PRODUCT
      • COCOA LIQUOR
      • COCOA POWDER
      • COCOA BUTTER
    4. MARKET BY TYPE
      • CONVENTIONAL
      • ORGANIC
    5. MARKET BY APPLICATION
      • CONFECTIONARY
      • FOOD & BEVERAGE
      • BAKERY
      • OTHER APPLICATIONS
    6. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • MALAYSIA
          • SINGAPORE
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • ARCHER DANIELS MIDLAND (ADM)
        • BARRY CALLEBAUT AG
        • BLOOMER CHOCOLATE COMPANY
        • CARGILL INCORPORATED
        • FERRERO GROUP
        • GUAN CHONG BERHAD
        • LINDT & SPRÜNGLI AG
        • MEIJI HOLDINGS CO LTD
        • MONDELEZ INTERNATIONAL INC
        • NATRA SA
        • NESTLE SA
        • OLAM INTERNATIONAL LTD
        • PURATOS GROUP
        • THE HERSHEY COMPANY
        • TOUTON SA

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – COCOA MARKET

    TABLE 2: TOP 10 COCOA PRODUCING COUNTRIES IN 2021

    TABLE 3: ASIA-PACIFIC COCOA MARKET, BY PROCESS, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 4: ASIA-PACIFIC COCOA MARKET, BY PROCESS, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 5: ASIA-PACIFIC COCOA MARKET, BY QUALITY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 6: ASIA-PACIFIC COCOA MARKET, BY QUALITY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 7: ASIA-PACIFIC COCOA MARKET, BY PRODUCTS, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 8: ASIA-PACIFIC COCOA MARKET, BY PRODUCTS, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 9: ASIA-PACIFIC COCOA MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 10: ASIA-PACIFIC COCOA MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 11: ASIA-PACIFIC COCOA MARKET, BY APPLICATIONS, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 12: ASIA-PACIFIC COCOA MARKET, BY APPLICATIONS, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 13: ASIA-PACIFIC COCOA MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 14: ASIA-PACIFIC COCOA MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 15: LEADING PLAYERS OPERATING IN ASIA-PACIFIC COCOA MARKET

    TABLE 16: LIST OF MERGERS & ACQUISITIONS

    TABLE 17: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 18: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 19: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: VALUE CHAIN ANALYSIS

    FIGURE 6: ASIA-PACIFIC COCOA MARKET, GROWTH POTENTIAL, BY PROCESS, IN 2020

    FIGURE 7: ASIA-PACIFIC COCOA MARKET, BY DUTCH-PROCESS, 2021-2028 (IN $ MILLION)

    FIGURE 8: ASIA-PACIFIC COCOA MARKET, BY NATURAL PROCESS, 2021-2028 (IN $ MILLION)

    FIGURE 9: ASIA-PACIFIC COCOA MARKET, GROWTH POTENTIAL, BY QUALITY, IN 2020

    FIGURE 10: ASIA-PACIFIC COCOA MARKET, BY BULK, 2021-2028 (IN $ MILLION)

    FIGURE 11: ASIA-PACIFIC COCOA MARKET, BY SPECIALTY, 2021-2028 (IN $ MILLION)

    FIGURE 12: ASIA-PACIFIC COCOA MARKET, BY FINE FLAVOR, 2021-2028 (IN $ MILLION)

    FIGURE 13: ASIA-PACIFIC COCOA MARKET, GROWTH POTENTIAL, BY PRODUCTS, IN 2020

    FIGURE 14: ASIA-PACIFIC COCOA MARKET, BY COCOA LIQUOR, 2021-2028 (IN $ MILLION)

    FIGURE 15: ASIA-PACIFIC COCOA MARKET, BY COCOA POWDER, 2021-2028 (IN $ MILLION)

    FIGURE 16: ASIA-PACIFIC COCOA MARKET, BY COCOA BUTTER, 2021-2028 (IN $ MILLION)

    FIGURE 17: ASIA-PACIFIC COCOA MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020

    FIGURE 18: ASIA-PACIFIC COCOA MARKET, BY CONVENTIONAL, 2021-2028 (IN $ MILLION)

    FIGURE 19: ASIA-PACIFIC COCOA MARKET, BY ORGANIC, 2021-2028 (IN $ MILLION)

    FIGURE 20: ASIA-PACIFIC COCOA MARKET, GROWTH POTENTIAL, BY APPLICATIONS, IN 2020

    FIGURE 21: ASIA-PACIFIC COCOA MARKET, BY CONFECTIONERY, 2021-2028 (IN $ MILLION)

    FIGURE 22: ASIA-PACIFIC COCOA MARKET, BY FOOD & BEVERAGE, 2021-2028 (IN $ MILLION)

    FIGURE 23: ASIA-PACIFIC COCOA MARKET, BY BAKERY, 2021-2028 (IN $ MILLION)

    FIGURE 24: ASIA-PACIFIC COCOA MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)

    FIGURE 25: ASIA-PACIFIC COCOA MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 26: CHINA COCOA MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 27: JAPAN COCOA MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 28: INDIA COCOA MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 29: SOUTH KOREA COCOA MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 30: INDONESIA COCOA MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 31: MALAYSIA COCOA MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 32: SINGAPORE COCOA MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 33: AUSTRALIA & NEW ZEALAND COCOA MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 34: REST OF ASIA-PACIFIC COCOA MARKET, 2021-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • MALAYSIA
          • SINGAPORE
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. MARKET BY PROCESS
      • DUTCH-PROCESS
      • NATURAL PROCESS
    2. MARKET BY QUALITY
      • BULK
      • SPECIALTY
      • FINE FLAVOR
    3. MARKET BY PRODUCT
      • COCOA LIQUOR
      • COCOA POWDER
      • COCOA BUTTER
    4. MARKET BY TYPE
      • CONVENTIONAL
      • ORGANIC
    5. MARKET BY APPLICATION
      • CONFECTIONARY
      • FOOD & BEVERAGE
      • BAKERY
      • OTHER APPLICATIONS

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    We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.


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