The Asia Pacific Chocolate Confectionery Market would witness market growth of 7.4% CAGR during the forecast period (2022-2028).
Cacao beans are split up into nibs after being cleaned, sorted, roasted, and then powdered into a plastic liquor. After that, the liquor is squeezed to extract cocoa butter. The liquor, sugar (typically powdered), cocoa butter, and other flavorings and aromatic additions are combined to make chocolate. This mixture is then processed until the solid particles are no larger than 20 micrometers in size. The resulting mass is combined with cocoa butter once more and cooled to 30°–31°C before being molded into plain chocolate or chocolate-coated sweets using chocolate-molding equipment. Before being molded, the chocolate mass is exposed to extra processing at 70°C temperature for an average of three days and nights to produce dessert chocolate with increased flavor and aroma. Chocolate is made into blocks, figures, and round medallions, while chocolate confectioneries are made into bars or diverse candies. Natural chocolate can be kept for up to six months, whereas blended chocolate can be kept for up to three months. In the modern era, chocolates are also being used as a present, due to which, their consumption is significantly increasing.
There is a number of growth prospects for the chocolate confectionery market in this region. In recent years, the demand for chocolate confectioneries has increased in growing economies, such as China and India, owing to rising consumer spending on decadent confectionery products, particularly chocolate. The market is currently being propelled by knowledge of claimed health benefits of cocoa, including its polyphenol content and role in healthy aging, in industrialized countries like Japan and Australia. The demand for chocolate in Southeast Asia has gained the ability of local farmers to provide cocoa beans. The market for chocolate confectionery in the region has expanded at a considerable rate annually, owing to an increase in affluent middle-income consumers who consume more chocolates. For many years, Malaysia and Indonesia have been the top cocoa bean exporters in ASEAN.
Indonesia, a Southeast Asian country, is also focusing on increasing its cocoa production in order to hold a robust position in the chocolate confectionery market, producing piles of cocoa beans each year. The cocoa bean is also an important agricultural export product for Indonesia, and this industry has seen significant expansion in recent years. All these factors together would present several tremendous growth prospects for regional market players. This factor is augmenting the growth of the regional market.
The China market dominated the Asia Pacific Chocolate Confectionery Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $21,606.4 million by 2028. The Japan market is experiencing a CAGR of 6.7% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 8.1% during (2022 - 2028).
Based on Type, the market is segmented into Milk, Dark, and White. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online, and Others. Based on Product, the market is segmented into Molded Bars, Chips & Bites, Boxed, Truffles & Cups, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Chocolate Confectionery Market is Projected to reach USD 265.9 Billion by 2028, at a CAGR of 6.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ferrero Group, The Hershey Company (Hershey Trust Company), Lindt & Sprungli AG, Mars, Inc., Mondelez International, Inc., Nestle S.A., The Barry Callebaut Group, Lotte Corporation, Lake Champlain Chocolates, and CÉMOI Group.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Distribution Channel
- Supermarkets & Hypermarkets
- Convenience Stores
- Online
- Others
By Product
- Molded Bars
- Chips & Bites
- Boxed
- Truffles & Cups
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Ferrero Group
- The Hershey Company (Hershey Trust Company)
- Lindt & Sprungli AG
- Mars, Inc.
- Mondelez International, Inc.
- Nestle S.A.
- The Barry Callebaut Group
- Lotte Corporation
- Lake Champlain Chocolates
- CÉMOI Group
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Chocolate Confectionery Market, by Type
1.4.2 Asia Pacific Chocolate Confectionery Market, by Distribution Channel
1.4.3 Asia Pacific Chocolate Confectionery Market, by Product
1.4.4 Asia Pacific Chocolate Confectionery Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions- Chocolate Confectionery Market
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2019, May – 2022, May) Leading Players
Chapter 4. Asia Pacific Chocolate Confectionery Market by Type
4.1 Asia Pacific Milk Market by Country
4.2 Asia Pacific Dark Market by Country
4.3 Asia Pacific White Market by Country
Chapter 5. Asia Pacific Chocolate Confectionery Market by Distribution Channel
5.1 Asia Pacific Supermarkets & Hypermarkets Market by Country
5.2 Asia Pacific Convenience Stores Market by Country
5.3 Asia Pacific Online Lumens Chocolate Confectionery Market by Country
5.4 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Chocolate Confectionery Market by Product
6.1 Asia Pacific Molded Bars Market by Country
6.2 Asia Pacific Chips & Bites Market by Country
6.3 Asia Pacific Boxed Market by Country
6.4 Asia Pacific Truffles & Cups Market by Country
6.5 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Chocolate Confectionery Market by Country
7.1 China Chocolate Confectionery Market
7.1.1 China Chocolate Confectionery Market by Type
7.1.2 China Chocolate Confectionery Market by Distribution Channel
7.1.3 China Chocolate Confectionery Market by Product
7.2 Japan Chocolate Confectionery Market
7.2.1 Japan Chocolate Confectionery Market by Type
7.2.2 Japan Chocolate Confectionery Market by Distribution Channel
7.2.3 Japan Chocolate Confectionery Market by Product
7.3 India Chocolate Confectionery Market
7.3.1 India Chocolate Confectionery Market by Type
7.3.2 India Chocolate Confectionery Market by Distribution Channel
7.3.3 India Chocolate Confectionery Market by Product
7.4 South Korea Chocolate Confectionery Market
7.4.1 South Korea Chocolate Confectionery Market by Type
7.4.2 South Korea Chocolate Confectionery Market by Distribution Channel
7.4.3 South Korea Chocolate Confectionery Market by Product
7.5 Singapore Chocolate Confectionery Market
7.5.1 Singapore Chocolate Confectionery Market by Type
7.5.2 Singapore Chocolate Confectionery Market by Distribution Channel
7.5.3 Singapore Chocolate Confectionery Market by Product
7.6 Malaysia Chocolate Confectionery Market
7.6.1 Malaysia Chocolate Confectionery Market by Type
7.6.2 Malaysia Chocolate Confectionery Market by Distribution Channel
7.6.3 Malaysia Chocolate Confectionery Market by Product
7.7 Rest of Asia Pacific Chocolate Confectionery Market
7.7.1 Rest of Asia Pacific Chocolate Confectionery Market by Type
7.7.2 Rest of Asia Pacific Chocolate Confectionery Market by Distribution Channel
7.7.3 Rest of Asia Pacific Chocolate Confectionery Market by Product
Chapter 8. Company Profiles
8.1 Ferrero Group
8.1.1 Company Overview
8.1.2 Recent strategies and developments:
8.1.2.1 Product Launches and Product Expansions:
8.1.2.2 Acquisition and Mergers:
8.1.2.3 Geographical Expansions:
8.2 The Hershey Company (Hershey Trust Company)
8.2.1 Company overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Partnerships, Collaborations, and Agreements:
8.2.4.2 Product Launches and Product Expansions:
8.3 Lindt & Sprungli AG
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Acquisition and Mergers:
8.3.2.2 Product Launches and Product Expansions:
8.4 Mars, Inc.
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Product Launches and Product Expansions:
8.5 Mondelez International, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Product Launches and Product Expansions:
8.5.4.2 Acquisition and Mergers:
8.6 Nestle S.A.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.7 The Barry Callebaut Group
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Product Launches and Product Expansions:
8.7.5.3 Acquisition and Mergers:
8.7.5.4 Geographical Expansions:
8.8 Lotte Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.9 Lake Champlain Chocolates
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Product Launches and Product Expansions:
8.10. CÉMOI Group
8.10.1 Company Overview
TABLE 1 Asia Pacific Chocolate Confectionery Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Chocolate Confectionery Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Chocolate Confectionery Market
TABLE 4 Product Launches And Product Expansions– Chocolate Confectionery Market
TABLE 5 Acquisition and Mergers– Chocolate Confectionery Market
TABLE 6 Grographical Expansions- Chocolate Confectionery Market
TABLE 7 Asia Pacific Chocolate Confectionery Market by Type, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Chocolate Confectionery Market by Type, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Milk Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Milk Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Dark Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Dark Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific White Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific White Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Chocolate Confectionery Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Chocolate Confectionery Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Supermarkets & Hypermarkets Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Supermarkets & Hypermarkets Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Convenience Stores Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Convenience Stores Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Online Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Online Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Chocolate Confectionery Market by Product, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Chocolate Confectionery Market by Product, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Molded Bars Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Molded Bars Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Chips & Bites Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Chips & Bites Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Boxed Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Boxed Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Truffles & Cups Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Truffles & Cups Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 37 Asia Pacific Chocolate Confectionery Market by Country, 2018 - 2021, USD Million
TABLE 38 Asia Pacific Chocolate Confectionery Market by Country, 2022 - 2028, USD Million
TABLE 39 China Chocolate Confectionery Market, 2018 - 2021, USD Million
TABLE 40 China Chocolate Confectionery Market, 2022 - 2028, USD Million
TABLE 41 China Chocolate Confectionery Market by Type, 2018 - 2021, USD Million
TABLE 42 China Chocolate Confectionery Market by Type, 2022 - 2028, USD Million
TABLE 43 China Chocolate Confectionery Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 44 China Chocolate Confectionery Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 45 China Chocolate Confectionery Market by Product, 2018 - 2021, USD Million
TABLE 46 China Chocolate Confectionery Market by Product, 2022 - 2028, USD Million
TABLE 47 Japan Chocolate Confectionery Market, 2018 - 2021, USD Million
TABLE 48 Japan Chocolate Confectionery Market, 2022 - 2028, USD Million
TABLE 49 Japan Chocolate Confectionery Market by Type, 2018 - 2021, USD Million
TABLE 50 Japan Chocolate Confectionery Market by Type, 2022 - 2028, USD Million
TABLE 51 Japan Chocolate Confectionery Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 52 Japan Chocolate Confectionery Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 53 Japan Chocolate Confectionery Market by Product, 2018 - 2021, USD Million
TABLE 54 Japan Chocolate Confectionery Market by Product, 2022 - 2028, USD Million
TABLE 55 India Chocolate Confectionery Market, 2018 - 2021, USD Million
TABLE 56 India Chocolate Confectionery Market, 2022 - 2028, USD Million
TABLE 57 India Chocolate Confectionery Market by Type, 2018 - 2021, USD Million
TABLE 58 India Chocolate Confectionery Market by Type, 2022 - 2028, USD Million
TABLE 59 India Chocolate Confectionery Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 60 India Chocolate Confectionery Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 61 India Chocolate Confectionery Market by Product, 2018 - 2021, USD Million
TABLE 62 India Chocolate Confectionery Market by Product, 2022 - 2028, USD Million
TABLE 63 South Korea Chocolate Confectionery Market, 2018 - 2021, USD Million
TABLE 64 South Korea Chocolate Confectionery Market, 2022 - 2028, USD Million
TABLE 65 South Korea Chocolate Confectionery Market by Type, 2018 - 2021, USD Million
TABLE 66 South Korea Chocolate Confectionery Market by Type, 2022 - 2028, USD Million
TABLE 67 South Korea Chocolate Confectionery Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 68 South Korea Chocolate Confectionery Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 69 South Korea Chocolate Confectionery Market by Product, 2018 - 2021, USD Million
TABLE 70 South Korea Chocolate Confectionery Market by Product, 2022 - 2028, USD Million
TABLE 71 Singapore Chocolate Confectionery Market, 2018 - 2021, USD Million
TABLE 72 Singapore Chocolate Confectionery Market, 2022 - 2028, USD Million
TABLE 73 Singapore Chocolate Confectionery Market by Type, 2018 - 2021, USD Million
TABLE 74 Singapore Chocolate Confectionery Market by Type, 2022 - 2028, USD Million
TABLE 75 Singapore Chocolate Confectionery Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 76 Singapore Chocolate Confectionery Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 77 Singapore Chocolate Confectionery Market by Product, 2018 - 2021, USD Million
TABLE 78 Singapore Chocolate Confectionery Market by Product, 2022 - 2028, USD Million
TABLE 79 Malaysia Chocolate Confectionery Market, 2018 - 2021, USD Million
TABLE 80 Malaysia Chocolate Confectionery Market, 2022 - 2028, USD Million
TABLE 81 Malaysia Chocolate Confectionery Market by Type, 2018 - 2021, USD Million
TABLE 82 Malaysia Chocolate Confectionery Market by Type, 2022 - 2028, USD Million
TABLE 83 Malaysia Chocolate Confectionery Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 84 Malaysia Chocolate Confectionery Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 85 Malaysia Chocolate Confectionery Market by Product, 2018 - 2021, USD Million
TABLE 86 Malaysia Chocolate Confectionery Market by Product, 2022 - 2028, USD Million
TABLE 87 Rest of Asia Pacific Chocolate Confectionery Market, 2018 - 2021, USD Million
TABLE 88 Rest of Asia Pacific Chocolate Confectionery Market, 2022 - 2028, USD Million
TABLE 89 Rest of Asia Pacific Chocolate Confectionery Market by Type, 2018 - 2021, USD Million
TABLE 90 Rest of Asia Pacific Chocolate Confectionery Market by Type, 2022 - 2028, USD Million
TABLE 91 Rest of Asia Pacific Chocolate Confectionery Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 92 Rest of Asia Pacific Chocolate Confectionery Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 93 Rest of Asia Pacific Chocolate Confectionery Market by Product, 2018 - 2021, USD Million
TABLE 94 Rest of Asia Pacific Chocolate Confectionery Market by Product, 2022 - 2028, USD Million
TABLE 95 Key information – Ferrero Group
TABLE 96 Key Information –The Hershey Company
TABLE 97 Key Information – Lindt & Sprungli AG
TABLE 98 key information – Mars, Inc.
TABLE 99 Key Information – Mondelez International, Inc.
TABLE 100 Key Information – Nestle S.A.
TABLE 101 Key Information – The Barry Callebaut Group
TABLE 102 Key Information – Lotte Corporation
TABLE 103 Key Information – Lake Champlain Chocolates
TABLE 104 Key Information – CÉMOI Group
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2018, May – 2022, May) Leading Players
FIG 5 Recent strategies and developments: Ferrero Group
FIG 6 Recent strategies and developments: The Hershey Company
FIG 7 Recent strategies and developments: Lindt & Sprungli AG
FIG 8 Recent strategies and developments: Mondelez International, Inc.
FIG 9 Recent strategies and developments: The Barry Callebaut Group