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Asia Pacific Cocoa Market Size, Share & Trends Analysis Report By Application, By Product Type (Cocoa Beans, Cocoa Powder & Cake, Cocoa Butter, Chocolate, and Others), By Country and Growth Forecast, 2023 - 2030

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    Report

  • 132 Pages
  • February 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5945600
The Asia Pacific Cocoa Market would witness market growth of 5.3% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 930.7 Kilo Tonnes, showcasing a growth of 5.2% (2019-2022).

Cocoa is increasingly used in savoury dishes, marinades, and sauces, contributing depth and complexity to diverse cuisines. The adoption of this in culinary fusion reflects exploring new and creative ways to integrate this versatile ingredient into various culinary traditions. Consumers are showing a heightened interest in artisanal and craft chocolate products. This trend reflects a desire for unique flavour experiences, higher content, and an appreciation for the craftsmanship involved in small-batch chocolate production.

Premiumization extends to gourmet chocolate offerings, with consumers willing to pay a premium for high-quality cocoa and unique flavour profiles. Chocolatiers are experimenting with exotic ingredients and innovative techniques to create distinctive, luxury chocolates. Dark chocolate is becoming increasingly popular on account of the perception that it offers health benefits, owing to its higher content. Consumers are drawn to dark chocolate for its antioxidant properties and potential mood-enhancing effects, aligning with a broader focus on health and wellness.

Pharmaceutical companies are exploring using extracts to develop nutraceutical products that provide health benefits beyond basic nutrition in the Asia Pacific. The pharmaceutical industry’s endorsement of it’s health benefits can increase consumer awareness and acceptance in the Asia Pacific. Consumers may be more inclined to incorporate these products into their daily routines for their perceived health advantages in the Asia Pacific. With an aging population in Asia Pacific, there is interest in addressing cognitive disorders. Therefore, due to the above-mentioned factors, the market will grow significantly in this region.

The China market dominated the Asia Pacific Cocoa Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2858.9 Million by 2030. The Japan market is registering a CAGR of 4.6% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 6% during (2023 - 2030).

Based on Application, the market is segmented into Confectionery, Food & Beverages, Cosmetics, and Pharmaceutical. Based on Product Type, the market is segmented into Cocoa Beans, Cocoa Powder & Cake, Cocoa Butter, Chocolate, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

  • The Barry Callebaut Group
  • JB Foods Limited
  • Archer Daniels Midland Company
  • Cargill, Incorporated
  • Ciranda, Inc.
  • Nestle S.A
  • Mars, Inc. (Kind LLC)
  • Meiji Holdings Co., Ltd.
  • Olam International Limited
  • The Hershey Company (Hershey Trust Company)

Market Report Segmentation

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Confectionery
  • Food & Beverages
  • Cosmetics
  • Pharmaceutical
By Product Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Cocoa Beans
  • Cocoa Powder & Cake
  • Cocoa Butter
  • Chocolate
  • Others
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Cocoa Market, by Application
1.4.2 Asia Pacific Cocoa Market, by Product Type
1.4.3 Asia Pacific Cocoa Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Cocoa Market.
Chapter 5. Asia Pacific Cocoa Market, by Application
5.1 Asia Pacific Confectionery Market, by Country
5.2 Asia Pacific Food & Beverages Market, by Country
5.3 Asia Pacific Cosmetics Market, by Country
5.4 Asia Pacific Pharmaceutical Market, by Country
Chapter 6. Asia Pacific Cocoa Market, by Product Type
6.1 Asia Pacific Cocoa Beans Market, by Country
6.2 Asia Pacific Cocoa Powder & Cake Market, by Country
6.3 Asia Pacific Cocoa Butter Market, by Country
6.4 Asia Pacific Chocolate Market, by Country
6.5 Asia Pacific Others Market, by Country
Chapter 7. Asia Pacific Cocoa Market, by Country
7.1 China Cocoa Market
7.1.1 China Cocoa Market, by Application
7.1.2 China Cocoa Market, by Product Type
7.2 Japan Cocoa Market
7.2.1 Japan Cocoa Market, by Application
7.2.2 Japan Cocoa Market, by Product Type
7.3 India Cocoa Market
7.3.1 India Cocoa Market, by Application
7.3.2 India Cocoa Market, by Product Type
7.4 South Korea Cocoa Market
7.4.1 South Korea Cocoa Market, by Application
7.4.2 South Korea Cocoa Market, by Product Type
7.5 Australia Cocoa Market
7.5.1 Australia Cocoa Market, by Application
7.5.2 Australia Cocoa Market, by Product Type
7.6 Malaysia Cocoa Market
7.6.1 Malaysia Cocoa Market, by Application
7.6.2 Malaysia Cocoa Market, by Product Type
7.7 Rest of Asia Pacific Cocoa Market
7.7.1 Rest of Asia Pacific Cocoa Market, by Application
7.7.2 Rest of Asia Pacific Cocoa Market, by Product Type
Chapter 8. Company Profiles
8.1 The Barry Callebaut Group
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.6 SWOT Analysis
8.2 JB Foods Limited
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional Analysis
8.2.4 SWOT Analysis
8.3 Archer Daniels Midland Company
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.4 Cargill, Incorporated
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Partnerships, Collaborations, and Agreements:
8.4.2.2 Acquisition and Mergers:
8.4.3 SWOT Analysis
8.5 Ciranda, Inc.
8.5.1 Company Overview
8.5.2 SWOT Analysis
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 Expenses
8.6.5 SWOT Analysis
8.7 Mars, Inc. (Kind LLC)
8.7.1 Company Overview
8.7.2 SWOT Analysis
8.8 Meiji Holdings Co., Ltd.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Product Launches and Product Expansions:
8.8.6 SWOT Analysis
8.9 Olam International Limited
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 SWOT Analysis
8.10. The Hershey Company (Hershey Trust Company)
8.10.1 Company overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 SWOT Analysis

Companies Mentioned

  • The Barry Callebaut Group
  • JB Foods Limited
  • Archer Daniels Midland Company
  • Cargill, Incorporated
  • Ciranda, Inc.
  • Nestle S.A
  • Mars, Inc.(Kind LLC)
  • Meiji Holdings Co., Ltd.
  • Olam International Limited
  • The Hershey Company (Hershey Trust Company)

Methodology

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