ASIA-PACIFIC COCOA MARKET 2021-2028

Consumer Goods & Services | Food & Beverages

ASIA-PACIFIC COCOA MARKET 2021-2028

Market by Process, Quality, Product, Type, End-user, and Country | Forecast 2021-2028

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Based on Triton’s research report, the Asia-Pacific cocoa market is evaluated to display growth trends at 4.35% of the compound annual growth rate during the forecasted period 2021-2028.


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The countries considered in this market include:

•        India

•        China

•        Japan

•        Australia & New Zealand

•        South Korea

•        ASEAN countries

•        Rest of Asia-Pacific

Over the years, the influence of international flavor in cocoa products, along with international recipes have attracted several young consumers in the region. Additionally, attractive packaging and advertisements have played a key role in enhancing the demand for cocoa products. Furthermore, the changing consumer lifestyle has resulted in an increase in cocoa grinding. Above all, the rapid urbanization and improved retail sales are contributing to the growth of the cocoa market across the Asia-Pacific region.

Among the countries, China has witnessed tremendous growth in demand for cocoa products, owing to globalization and rising purchasing power. Moreover, there is enormous potential in localizing chocolate with other food products. For instance, the use of chocolate as a filling in local foods such as steam buns or chocolate-flavored sticky rice is gaining traction across the country. Furthermore, most of the market is untapped, offering several opportunities to chocolate manufacturers. Hence, the increase in westernization and rapid urbanization in China is likely to fuel the growth of the cocoa market over the next few years.

Meiji Holdings Co Ltd is engaged in the manufacturing and selling of milk and dairy, confectioneries, and other products. Its wide product line includes chocolate, sports nutritional products, cheese, butter, fermented milk, oral rehydration solution, beauty supplements, and frozen food, among others. Moreover, Meiji offers products under various brands, including Meiji Pizza, Meiji Milk Love, and VAAM. With product offerings across the globe, Meiji is headquartered in Tokyo, Japan. 

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Table of Content

1. ASIA-PACIFIC COCOA MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON COCOA MARKET

2.2. KEY INSIGHTS

2.2.1. INFLUENCE OF WESTERN FLAVORS

2.2.2. COCOA POWDER COLOR TRENDS

2.2.3. SINGLE-ORIGIN COCOA AND CHOCOLATES

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. KEY MARKET STRATEGIES

2.6.1. ACQUISITIONS

2.6.2. PRODUCT DEVELOPMENTS

2.6.3. CONTRACTS & AGREEMENTS

2.6.4. INVESTMENT & EXPANSIONS

2.7. MARKET DRIVERS

2.7.1. RISE IN DEMAND FOR CHOCOLATE

2.7.2. HEALTH BENEFITS OF COCOA

2.8. MARKET CHALLENGES

2.8.1. LOW PRODUCTIVITY

2.8.2. PRICE FLUCTUATIONS OF COCOA

2.9. MARKET OPPORTUNITIES

2.9.1. RUBY COCOA BEANS

2.9.2. BEAN-TO-BAR CHOCOLATE

3. ASIA-PACIFIC COCOA MARKET OUTLOOK - BY PROCESS

3.1. DUTCH-PROCESS

3.2. NATURAL PROCESS

4. ASIA-PACIFIC COCOA MARKET OUTLOOK – BY QUALITY

4.1. BULK

4.2. SPECIALTY

4.3. FINE FLAVOR

5. ASIA-PACIFIC COCOA MARKET OUTLOOK – BY PRODUCT

5.1. COCOA LIQUOR

5.2. COCOA POWDER

5.3. COCOA BUTTER

6. ASIA-PACIFIC COCOA MARKET OUTLOOK – BY TYPE

6.1. CONVENTIONAL

6.2. ORGANIC

7. ASIA-PACIFIC COCOA MARKET OUTLOOK – BY END-USER

7.1. CONFECTIONERY

7.2. FOOD & BEVERAGES

7.3. BAKERY

7.4. OTHER END-USERS

8. ASIA-PACIFIC COCOA MARKET – REGIONAL OUTLOOK

8.1. CHINA

8.2. JAPAN

8.3. INDIA

8.4. SOUTH KOREA

8.5. ASEAN COUNTRIES

8.6. AUSTRALIA & NEW ZEALAND

8.7. REST OF ASIA-PACIFIC

9. COMPETITIVE LANDSCAPE

9.1. CARGILL INCORPORATED

9.2. MEIJI HOLDINGS CO LTD

9.3. NESTLE SA

9.4. PURATOS GROUP

9.5. OLAM INTERNATIONAL LIMITED

9.6. GUAN CHONG BERHAD

9.7. BARRY CALLEBAUT AG

9.8. NATRA SA

9.9. BLOMMER CHOCOLATE COMPANY

9.10. THE HERSHEY COMPANY

9.11. MONDELEZ INTERNATIONAL

9.12. FERRERO GROUP

9.13. LINDT AND SPRÜNGLI AG      

9.14. ARCHER DANIELS MIDLAND

9.15. TOUTON SA

10. RESEARCH METHODOLOGY & SCOPE

10.1. RESEARCH SCOPE & DELIVERABLES

10.2. SOURCES OF DATA

10.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: ASIA-PACIFIC COCOA MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: LIST OF ACQUISITIONS

TABLE 4: LIST OF PRODUCT DEVELOPMENTS

TABLE 5: LIST OF CONTRACTS & AGREEMENTS

TABLE 6: LIST OF INVESTMENT & EXPANSIONS

TABLE 7: THE TOP 10 COCOA PRODUCING COUNTRIES IN 2021

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

TABLE 9: ASIA-PACIFIC COCOA MARKET, BY QUALITY, 2021-2028 (IN $ MILLION)

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

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

TABLE 12: ASIA-PACIFIC COCOA MARKET, BY END-USER, 2021-2028 (IN $ MILLION)

TABLE 13: ASIA-PACIFIC COCOA MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: ASIA-PACIFIC COCOA MARKET, BY PROCESS, 2020 & 2028 (IN %)

FIGURE 3: ASIA-PACIFIC COCOA MARKET, BY DUTCH-PROCESS, 2021-2028 (IN $ MILLION)

FIGURE 4: ASIA-PACIFIC COCOA MARKET, BY NATURAL PROCESS, 2021-2028 (IN $ MILLION)

FIGURE 5: ASIA-PACIFIC COCOA MARKET, BY QUALITY, 2020 & 2028 (IN %)

FIGURE 6: ASIA-PACIFIC COCOA MARKET, BY BULK, 2021-2028 (IN $ MILLION)

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

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

FIGURE 9: ASIA-PACIFIC COCOA MARKET, BY PRODUCT, 2020 & 2028 (IN %)

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

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

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

FIGURE 13: ASIA-PACIFIC COCOA MARKET, BY TYPE, 2020 & 2028 (IN %)

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

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

FIGURE 16: ASIA-PACIFIC COCOA MARKET, BY END-USER, 2020 & 2028 (IN %)

FIGURE 17: ASIA-PACIFIC COCOA MARKET, BY CONFECTIONERY, 2021-2028 (IN $ MILLION)

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

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

FIGURE 20: ASIA-PACIFIC COCOA MARKET, BY OTHER END-USERS, 2021-2028 (IN $ MILLION)

FIGURE 21: ASIA-PACIFIC COCOA MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 22: CHINA COCOA MARKET 2021-2028 (IN $ MILLION)

FIGURE 23: JAPAN COCOA MARKET 2021-2028 (IN $ MILLION)

FIGURE 24: INDIA COCOA MARKET 2021-2028 (IN $ MILLION)

FIGURE 25: SOUTH KOREA COCOA MARKET 2021-2028 (IN $ MILLION)

FIGURE 26: ASEAN COUNTRIES COCOA MARKET 2021-2028 (IN $ MILLION)

FIGURE 27: AUSTRALIA & NEW ZEALAND COCOA MARKET 2021-2028 (IN $ MILLION)

FIGURE 28: REST OF ASIA-PACIFIC COCOA MARKET 2021-2028 (IN $ MILLION)

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