According
to the analysts at Transparency Market Research (TMR), the Asia
Pacific chocolate market the region is estimated to expand at a CAGR
of 5.2% during the period from 2013 to 2019.The research study,
titled “Asia Pacific Chocolate Market - Scenario, Trends, Industry
Analysis, Size, Share and Forecast, 2013 - 2019”, notes that the
Asia Pacific market for chocolates stood at US$12.24 billion in 2012.
Since then, the market has reported immense growth and is expected to
attain a market value of US$18.23 billion by the end of the forecast
period.In Asia Pacific, the consumption of chocolate is going through
a phase of rapid change on account of changing preferences and,
accordingly, food habits of consumers. This shift is highly
influenced by the eating patterns in Western economies, states the
report.
Browse
full
Asia
Pacific Chocolate
Market
report
at:http://www.transparencymarketresearch.com/asia-pacific-chocolate-market.html
The
chocolate market in Asia Pacific has been classified into the markets
for countline chocolate, boxed chocolate, straightline chocolate,
novelties, molded bars, and others in this report. Among these, the
market for molded bars is likely to develop at a high growth rate
over the forecast period. The easy availability of molded bars in
major retail chains is making these chocolates immensely popular and
resulting in extensive market development. On account of this, the
demand for molded bars is projected to register healthy growth during
the forecast period.Novelties have just been introduced in the Asia
Pacific market for chocolates. The attractive shapes of novelties are
the key factor working in their favor, and hence, the demand for
these chocolates is likely to grow at an impressive pace between 2013
and 2019. Innovative variations in the taste of novelties are also
expected to stimulate the growth of this market.
The
presence of a huge youth population base is the main reason behind
the growth of the chocolate market in Asia Pacific, determines the
report. The rise in disposable income is another factor driving the
chocolate market in this region. Chocolates are easy to consume on
the go, and thus fit into the fast-paced lifestyle of the younger
generation. With variable shapes, sizes, and varieties, chocolates
are also preferred as a substitute for desserts and sweets. These
factors are influencing the demand for chocolates to a great extent
in the region.The report projects China and India to have the highest
demand for chocolates during the forecast period, compared to other
nations in the Asia Pacific region. High youth population base and
rise in the number of upper- and middle-class consumers are the major
reasons behind this growth.The major companies operating in the Asia
Pacific chocolate market profiled in this report are Ferrero S.P.A,
Mondelez International Inc., Mars Inc., Hershey, Nestle, and Lotte
Co.The report offers insightful information for the market players in
order to assist them in making fruitful decisions for business
expansion and to gain competitive edge over peers.
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Asia
Pacific chocolate market is segmented into:
By
types
- Boxed Chocolates
- Countline Chocolates
- Straightline Chocolates
- Molded Bars
- Novelties
- Other Chocolates
By
countries
- Australia
- New Zealand
- China
- Japan
- India
- Malaysia
- Singapore
- South Korea
- Rest of APAC (Philippines, Thailand, Indonesia, Hong Kong)
Browse
the full Press
Release:http://www.transparencymarketresearch.com/pressrelease/asia-pacific-chocolate-market.htm
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Transparency
Market Research (TMR) is a global market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information.
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data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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