Chocolate
is one of the most favorite sweet snacks among all the age groups
especially, kids and youths with distinct taste of cocoa and
varieties of chocolates. By product types, chocolates are classified
into boxed chocolate, countline chocolate, straightline chocolate,
molded bars, novelties and others (that include small size candies,
alfazores). Increasing disposable income in emerging countries such
as India and China, changing taste preferences and following of
western food habits in Asian countries are some of the major factors
driving the chocolate market in Asia Pacific at present.
The
demand for molded bars is increasing among all age groups due to its
easy availability in major retail channels. Thus, the demand for
molded bars is expected to increase during the forecast period. In
the last decade, health awareness has increased among consumers and
therefore there has been a dramatic increase in sales of sugar free,
reduced fat and reduced calorie offerings. Dark chocolate is known to
lower both blood pressure and cholesterol and this has increased
demand of dark chocolates, especially in molded bars categories..
However, countline chocolates are more popular among teenagers and
consumers under 30 years of age. In addition, manufacturers are
introducing this product in large bite size in order to increase the
consumption through special advertisement to buy large packs. For
instance, munch and perk at the time of introduction were available
in small- size but at present they are available also in big bite
sizes.
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full
Asia
Pacific Chocolate
Market
report
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Chocolate
manufacturers are emphasizing on the raw material quality primarily
cocoa. The cocoa quality has a direct impact on the quality of
chocolates. Therefore, maximum chocolate manufacturers go through the
quality check of the cocoa being supplied in order to avoid any
variance in taste. Moreover, other raw materials such as sugar, milk,
fruits and nuts among others require extensive quality checks to
maintain the quality of the product. In addition, the price of
crucial raw material, i.e., cocoa varies and is increasing due to
their demand in other industry such as bakery and beverages.
Furthermore, the economic conditions of the countries supplying cocoa
are unstable. Therefore, chocolate manufacturers enter into the long
term relationship with the supplier to cope up with the fluctuating
prices of the raw materials.
The
overall APAC market is expected to grow at a single digit CAGR over
the next six years. However, in few emerging economies of Asia
Pacific, the market is expected to grow at a double digit CAGR over
the forecast period. The report has been segmented by types of
chocolates and countries. It also includes the drivers, restraints
and opportunities (DROs), Porter’s five forces analysis and value
chain of the chocolate market. The study highlights current market
trends and provides the forecast from 2013 to 2019.
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By
country the market has been segmented into the Australia, New
Zealand, China, Japan, India, Malaysia, Singapore, South Korea and
Rest of APAC (Indonesia, Philippines, Thailand, and Hong Kong). The
present market size and forecast till 2019 is covered in the report.
The report also analyzes macro economic factors influencing and
inhibiting the growth of chocolate market. Porter’s five forces
analysis offers insights on market competition throughout its value
chain. In addition, the market attractiveness analysis provided in
the report highlights key investing areas in this industry. This
report is for manufacturers, suppliers and distributors in this
industry. The focus is to provide the present and future trends in
this market for manufacturers and it will help them formulate their
strategies accordingly.
The
Asia Pacific Chocolate market here refers to the market by product
type and by country. The market is categorized into the following
segments:
Chocolate
Market by Type
The
different types covered under this research study are defined as
follows:
Boxed
Chocolates
Countline
Chocolates
Straightline
Chocolates
Molded
Bars
Novelties
Other
Chocolates
Asia
Pacific Chocolate Market by Countries
The
different countries covered under this research study are defined as
follows:
Australia
New
Zealand
China
Japan
India
Malaysia
Singapore
South
Korea
Rest
of APAC (Philippines, Thailand, Indonesia, Hong Kong)
The
in-depth research and high level analysis will allow Chocolate
vendors to make informed decisions about the Chocolate market,
formulate growth strategies and gain competitive advantage.
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the full Press
Release:http://www.transparencymarketresearch.com/pressrelease/asia-pacific-chocolate-market.htm
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