Growing Disposable Income of Youth Population Vital for Asia Pacific Chocolate Market

Asia Pacific Chocolate Market: Snapshot

The Asia Pacific chocolate market has enjoyed rapid growth over the last few decades due to the urbanization drive in emerging economies in the region. Urbanization has created a sustainable consumer demographic for the Asia Pacific chocolate market and has also led to the development of adequate sales networks to make the most of the growing demand. Rising investment by foreign players in emerging markets in the region is also likely to remain a key driver for the Asia Pacific chocolate market in the coming years. The Asia Pacific chocolate market is thus likely to remain a leading contributor to the global chocolate industry in the coming years.

According to Transparency Market Research (TMR), the Asia Pacific chocolate market is likely to reach a valuation of US$18.2 bn by 2019.

Growing Disposable Income of Youth Population Vital for Asia Pacific Chocolate Market

One of the prime drivers for the Asia Pacific chocolate market is the rising disposable income of the urban population, and particularly the steady growth of a youth demographic with rising disposable income. The widespread adoption of the urban lifestyle in emerging countries has made the youth demographic important for the Asia Pacific chocolate market, as their demand for chocolate is also higher than the demand from other demographics, including more affluent ones. According to UN statistics, Asia Pacific is home to nearly 60% of the world’s youth population, making the region crucial for the global chocolate market. The Asia Pacific chocolate market is thus likely to exhibit steady growth in the coming years.

Growing use of digital television as well as other digital media has also boosted the prospects for advertising of chocolate products. This is likely to remain a key driver for the Asia Pacific chocolate market, as consumers in the region are becoming a vital demographic for digital media viewing, aided by the booming regional smartphone industry.

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Helped by the widespread urbanization initiatives in Asia Pacific, the distribution network of the Asia Pacific chocolate market has grown rapidly in the last few years. The easy availability of chocolate products at small-scale local stores as well as supermarkets has been vital in ensuring consistent growth in demand from the Asia Pacific chocolate market. Regional chocolate producers have also been helped by the ready availability of widespread distribution networks and could also become an important part of the Asia Pacific chocolate market in the coming years.

Japan Likely to Dominate Asia Pacific Chocolate Market, Molded Bars Likely to Stay Popular Product Type

Regionally, Japan is the leading contributor to the Asia Pacific chocolate market and is likely to retain the position in the coming years due to the growing popularity of chocolates as a gift. The Japan chocolate market is likely to be dominated by sugar-free, low-sugar, and dark chocolate in the coming years due to the rising health awareness among the population and the growing geriatric population. The Japan chocolate market is expected to reach a valuation of US$4.6 bn by 2019. The booming dairy industry in India could also become a crucial factor for the Asia Pacific chocolate market in the coming years.

By form, molded bars are likely to be the leading contributor to the Asia Pacific chocolate market in the coming years. The convenience of molded chocolate bars in packaging and distribution as well as consumption will help ensure a steady rise in demand for molded bars in the Asia Pacific chocolate market. Countline chocolate is the next in line and is also likely to remain a leading contributor to the Asia Pacific chocolate market in the coming years.

The report also profiles the competitive dynamics of the Asia Pacific chocolate market by analyzing the figures of the leading players in the market. Key players examined in the report include Ferrero S.p.A., The Hershey Company, Mars Inc., Nestle SA, and Lotte Co. Ltd.

Global Chocolate Market: Dark Chocolate Sales Rise Among Health Conscious Buyers, observes TMR

Transparency Market Research elaborates on the choices that manufacturers of chocolates can make over the coming years, in “Chocolate Market (Product Type - Dark Chocolate, Milk Chocolate, and White Chocolate) - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast 2016 – 2024.” Chocolate is one of the most popular food products in the world and holds a high percentage of consumers from the younger demographics. Chocolates are largely differentiated based on the percentage of cocoa they contain, along with the addition of other ingredients such as nuts and candies. As a part of the food and beverages market that is intensely dependent on taste, texture, and appeal more than any other characteristics, manufacturers from the global chocolate market resort to high level marketing strategies.

One of the leading factors lending to the growth rate of the global chocolate market is the increasing consumption rates of chocolate among the health conscious demographic. A swiftly increasing number of people around the world are becoming more and more aware of the issues related to eating foods that are high in sugar and have begun to avoid sugary foods, while increasing their consumption dark chocolates. At the same time, more and more consumers are becoming aware of the health benefits they can gain from eating dark chocolates, thus improving the rate of growth of the global chocolate market.

The global chocolate market is additionally augmented by the increasing rate of consumption in emerging economies. Nations such as China and India are showing an increased rate of chocolate consumption, thanks to rising disposable incomes and a greater demand for globally prominent chocolate brands. A large number of multinational chocolates brands are setting up manufacturing facilities and distribution chains across emerging economies owing to similar reasons.

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Manufacturers are also aware of the seasonal nature of chocolate sales, as the demand for chocolates can be influenced by the change in seasons as well the proximity of specific holidays. They therefore change their marketing strategies as well as manufacturing rates accordingly, in order to maintain an efficient and high rate of sales and production.

Geographically speaking, the global chocolate market has been led by Asia Pacific and North America. Asia Pacific holds a very high density of population, which when coupled with rising disposable incomes and a high volume of regional players, allows it to achieve one of the top spots in the global chocolate market. North America is also high on the charts when it comes to chocolate consumption, especially the more recently increasing rates of dark chocolate consumption.

The leading players in the global chocolate market over recent times, have included Kraft Foods, Nestle SA, Moonstruck Chocolatier Co., Mars Inc., Ghirardelli Chocolate Co., Ferrero Group, and Hershey Foods Corp.

Chocolate Market: Rising Disposable Incomes to Encourage Consumption across Emerging Asia Pacific Economies

The global market for chocolates is examined in a recent market research report by Transparency Market Research. The report, titled “Chocolate Market (Product Type - Dark Chocolate, Milk Chocolate, and White Chocolate) - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast 2016 – 2024,” forecasts the growth trajectory of the market and its key elements over the period between 2016 and 2024.

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The report states that the market is chiefly influenced and driven by the increasing level of consumer awareness regarding the vast health benefits of cocoa-rich dark chocolates (cocoa percentage of 70% or more). Studies have demonstrated that the regular, and limited, consumption of dark chocolates is good for blood circulation, heart, brain, and may also prove beneficial in effective management of health challenges such as obesity, autism, and diabetes.

The increased awareness regarding these factors has significantly helped in boosting the overall consumption of chocolates across the globe. The factor is also expected to play a crucial role in the future development of the market and is projected to be a key driver of the dark chocolates segment in the global market. Other product segments of the global chocolate market, including milk chocolate and white chocolate, are also expected to gain increased traction globally as the disposable incomes of consumers in several emerging economies are rising at an encouraging rate. In developing countries across Asia Pacific, the rising population of affluent consumers is one of the key factors boosting the overall consumption of chocolates.

From a geographic persepctive, the global chocolate market has been segmented into Asia Pacific, Europe, North America, and Rest of the World (RoW). Over the past few years, Asia Pacific has secured a strong position in the market as one of the dominant consumers of chocolates. The increasing influence of Western eating habits on the population of emerging economies in the region has intensified the demand for chocolates. Moreover, many international chocolate brands are increasingly foraying into this region, expected to further bolster the market for chocolates.

The report provides a thorough overview of the competitive and vendor landscape of the global chocolates market and includes details pertaining to the key business strategies adopted, finances, market share, product portfolios, and strengths and weaknesses of some of the key vendors operating in the market. Details regarding mergers, acquisitions, and other strategic collaborations observed in the market in the past few years are also analyzed. Some of the key vendors operating in the global chocolates market are Mars Inc., Kraft Foods, Moonstruck Chocolatier Co., Nestle SA, Ferrero Group, Hershey Foods Corp., and Ghirardelli Chocolate Co.

Chocolate Market (Product Type - Dark Chocolate, Milk Chocolate, and White Chocolate) - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2016–2024

Global Chocolate Market: Overview

One of the most consumed and popular food product among consumers across the globe is chocolate. Based on the amount of cocoa employed during preparation, different varieties of chocolates are produced globally. As the global chocolate market is highly driven by the taste preferences of consumers, it is imperative that companies focus on product development and marketing strategies to gain a wider consumer base and capture new markets.

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The report presents an in-depth analysis of the growth trajectory of the global chocolate market along with the principal trends. The study also highlights the factors that are likely to affect the global chocolate market in a positive or negative manner. It also evaluates the prime elements at play in the market. To offer a clear outline of the market, the report utilizes Porter’s five forces analysis and examines the competitive landscape. It also presents an assessment of the products, key strategies, and shares of the companies operating in the global chocolate market. Information on the degree of entry and exit barriers present in the market has also been provided in the intelligence report.

Global Chocolate Market: Trends and Opportunities

The growth of the global chocolate market is primarily driven by the rising awareness among consumers regarding the health benefits associated with cocoa-rich dark chocolates. This trend is anticipated to boost the popularity of chocolate across the globe. The popularity of dark chocolate is expected to rise over the forthcoming years owing to the fact that it helps in preventing cardiac diseases, in addition to other benefits.

The growing disposable income of consumers in developing countries of Asia Pacific is one of the primary reasons behind the mounting demand for chocolates. In countries such as South Korea, Japan, India, and China, the presence of regional brands has stirred the sales of chocolates over the last couple of years. Multinational brands such as Ghirardelli, Mars, Ferrero, and Hershey’s have also gained popularity in these countries owing to the changing taste preferences and increasing brand loyalty.

The demand for chocolate is at its peak during seasonal and festive occasions. The expanding applications of chocolate is another factor that is likely to positively impact the growth of the global chocolate market. However, fluctuating prices of raw materials, especially cocoa, the instability of its supply, and the political instability in cocoa producing countries are likely to restrain the growth of the market over the next couple of years.

Global Chocolate Market: Regional Outlook

Region-wise, the global chocolate market is categorized into Europe, North America, Asia Pacific, and the Rest of the World. Amidst these, Asia Pacific emerged as one of the leading consumers of chocolates due to the rising influence of Western culture and habits in countries in the region. The success of several international chocolate brands is expected to further intensify the demand for chocolate in the region.

Companies Mentioned in the Report

The leading companies operating in the global chocolate market are focusing on product differentiation in terms of taste, flavor, and price to gain a strong hold over the market. Some of the key players are Kraft Foods, Nestle SA, Moonstruck Chocolatier Co., Mars Inc., Ghirardelli Chocolate Co., Ferrero Group, and Hershey Foods Corp. 

Asia Pacific Chocolate Market is Expected to be worth US$18.23 bn in 2019

The Asia Pacific chocolate market is concentrated, nearly with the top five players accounting for over 60% of the market in 2012. Frequent mergers and acquisitions are taking place in the industry with players competing to increase their market share. At the same time, players are striving for product innovation to attract consumers. However, what acts as a challenge and advantage for companies is that a strong sense of brand loyalty exists among consumers. The chocolate market faces a medium level of threat from substitutes such as snack bars, bakery products, and regional sweet varieties. The threat of new entrants is likely to remain low owing to the capital intensive nature of the industry and high interference from regulatory bodies.

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According to the report, the Asia Pacific chocolate market is expected to be worth US$18.23 bn in 2019. On the basis of chocolate type, the molded bar chocolate segment will continue to lead and be worth US$5,543.9 mn by 2019. By geography, Australia is projected to remain the dominant regional segment and will be worth US$3,776.65 mn by 2019.

Increasing popularity of Chocolate as Gifting Option to Drive Market in Asia Pacific

Consumers in Asia Pacific are increasingly making use of chocolates as a gifting option. Attractive packaging and availability of newer variants are making chocolates an attractive gifting option. Boxed chocolates are one of those categories that are being increasingly used for gifting purposes. Another factor contributing to the Asia Pacific chocolate market is the rising disposable income of consumers, which in turn allows impulse purchases of chocolates. In addition to this, Asia Pacific have 717 mn people in the age group of 15 to 24 years, as per the United Nations Economic and Social Commission for Asia and the Pacific. This is benefitting the growth of the market because chocolates are most popular among consumers in this age group.

Increased Chocolate Cost to Hamper Demand

Chocolates make use of cocoa as their main ingredient and cocoa production is specific only to particular regions. This results in a shortage for cocoa. In addition to this, cocoa is also in demand from bakeries, restaurants, and beverage companies, further leading to a shortage in supply. As such, the price of cocoa is increasing continuously. This in turn is increasing the cost of chocolate production, thus ultimately resulting in lower purchases by consumers. The high cost of chocolate is an issue with cost-sensitive consumers residing in Asia Pacific and thus, the market is bound to be affected adversely.

Development of Nutritional Bars for Health Conscious Consumers to Widen Scope of Chocolate Market

Consumers in Asia Pacific are shifting their preferences towards healthy food products. “Manufacturers are thus, concentrating on developing chocolates that are low in calories and in sugar content so that chocolates continue to appeal to the expanding segment of health conscious people,” says a TMR analyst. In addition to this, health benefits of dark chocolate are expected to lead to an increased demand, thus benefitting the Asia Pacific chocolate market significantly.

Increasing advertisements and extensive marketing strategies adopted by players are anticipated to create opportunities in the untapped markets of Asia Pacific. Increasing the distribution network to the untapped markets will help boost the market in the coming years.

This information is based on the findings of a report published by Transparency Market Research, titled “Asia Pacific Chocolate Market - Scenario, Trends, Industry Analysis, Size, Share and Forecast, 2013 - 2019.”

The Asia Pacific chocolate market is segmented as follows:

Chocolate Market by Type

• Boxed Chocolates
• Countline Chocolates
• Straightline Chocolates
• Molded Bars
• Novelties
• Other Chocolates

Asia Pacific Chocolate Market by Countries

• Australia
• New Zealand
• China
• Japan
• India
• Malaysia
• Singapore
• South Korea
• Rest of APAC (Philippines, Thailand, Indonesia, Hong Kong)

Demand for Low Calorie Chocolates to Surge in Asia Pacific as Consumers Become More Health Conscious, states TMR

The Asia Pacific chocolate market is concentrated with the top five players accounting for above 60% of the market in 2012. Players in the market are constantly participating in mergers and acquisitions and also focusing on product innovation. There is moderate threat from substitutes such as snack bars, regional sweets, and bakery products, which will continue to remain in the coming years. Threat from new entrants is expected to be low owing to the capital intensive nature of the industry and interference of regulatory bodies, Transparency Market Research (TMR) finds in a new study.

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According to the report, the Asia Pacific chocolate market is expected to be worth US$18.23 bn by 2019. By product, the molded bar chocolate segment is expected to lead and account for US$5543.9 mn by 2019. The rising demand for dark chocolates owing to the rising health concerns among the people in the region is behind the escalated growth of the molded bar chocolate segment. The chocolate market in Japan is expected to reach US$4656.23 mn in 2019. China is also one of the prominent markets for chocolates in Asia Pacific.

Visual Merchandising in Retail Stores to Increase Purchase of Chocolates

The rising per capita income of the people in Asia Pacific owing to the economic growth in the past few years is supporting impulsive purchases of chocolates among consumers. Additionally, retailers trigger impulsive purchase among consumers by prominently displaying chocolates at checkout aisles. Chocolate is increasingly becoming popular as a gifting option in the Asia Pacific region. This will allow demand for chocolates to rise considerably in the forthcoming years.

Asia Pacific comprises 60% of the world youth population. Since youth forms an important consumer segment for chocolates, the demand for various types of chocolates is expected to surge in Asia Pacific. Additionally, “Advertisements and promotions aimed at this age group also play a vital role in driving the market,” states a TMR analyst. The number of department stores, mass merchandisers, and duty free shops at airports has increased due to infrastructure development in the region, which is driving the chocolate market

High Cost of Cocoa to Become Cause of Concern for Chocolate Manufacturers

Cocoa is high in demand, but their production is limited to specific regions. This increases the price of cocoa in the international market. “The price of cocoa is expected to continue to remain high owing to their rising demand from restaurants, bakeries, and beverage companies,” says a TMR analyst. This is increasing the production cost of chocolates, negatively influencing their demand. High price of sugar, which is another prime ingredient in chocolates, will also impact the prices of chocolates. Thus, the chocolate market in Asia Pacific will be restricted by rising prices of chocolates.

Development of Nutritional Bars to Widen Scope of Chocolate Market

The rising health awareness among consumers in Asia Pacific is fueling the demand for low calorie chocolates. Therefore, chocolate manufacturers are increasingly concentrating on the development of chocolates with numerous health benefits, in order to tap the health conscious consumer segment. Manufacturers are making use of dark chocolates, which reduce insulin resistance and the risk of heart diseases and improve the body’s antioxidant levels.

Another significant opportunity in the market lies in the tier 2 and tier 3 countries of Asia Pacific. Chocolate novelties are yet to make a significant impact in these countries and thus, there is an immense scope of growth. Regular advertisements and intense marketing programs can help create a lucrative market for chocolate novelties in these untapped countries. Increasing the distribution channel in these areas will help increase accessibility and convenience to buy chocolates, thus boosting the market in the coming years.

This information is based on the findings of a report published by Transparency Market Research titled “Asia Pacific Chocolate Market - Scenario, Trends, Industry Analysis, Size, Share and Forecast, 2013 - 2019”

The Asia Pacific chocolate market is segmented as follows:

Type

• Boxed Chocolates
• Countline Chocolates
• Straightline Chocolates
• Molded Bars
• Novelties
• Other Chocolates

Countries

• Australia
• New Zealand
• China
• Japan
• India
• Malaysia
• Singapore
• South Korea
• Rest of APAC (Philippines, Thailand, Indonesia, Hong Kong)

Chocolate Sales Set for Steady Growth with the Entry of Inexpensive, Local Brands

A new market intelligence study by Transparency Market Research presents a detailed overview of the global chocolate market. The report is titled “Chocolate Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019.” The report provides a comprehensive analysis of the growth drivers, factors challenging growth, trends, innovations, and projections of the market for the period from 2013 to 2019.

The global chocolate market is driven by the rising awareness among consumers regarding the health benefits of dark, cocoa-rich chocolate. Dark chocolate, rich in anti-oxidants, has the potential to prevent cardiac diseases and other diseases, which is expected to boost the consumption and drive the global chocolate market. The availability of a wide variety of dark chocolate is encouraging consumers to try out the variants, boosting the market. Improvement in the lifestyles of consumers and an increase in their disposable income are some of the other factors benefitting the global chocolate market. Chocolate is used in confectionary products and flavored food and beverages, thus driving the market.

Chocolate is typically a sweet preparation of Theobroma cacao seeds that is roasted and grounded, generally flavored with vanilla. Chocolate is extremely popular and widely consumed across the globe. Chocolate is classified on the basis of the amount of cocoa present in the chocolate.

The rising disposable income of Asia Pacific consumers, especially in countries such as Japan, China, India, and South Korea has brought down the social status of chocolate from a luxury food item to an everyday commodity. This has impacted the chocolate market positively. The inexpensive, local brands of chocolate as well as the premium, international brands of chocolate are popular among consumers, thus driving the market.

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Chocolate as functional foods, is a growing trend among people, since they are perceived as stress-relieving eatables, having high nutritional value. However, the fluctuating prices or instability of raw materials required in the manufacturing of chocolate, such as cocoa, act as a challenge for the manufacturers of chocolate. The unstable supply of cocoa is due to heavy reliance on West African countries and the political instability in the major cocoa producing regions.

The global chocolate market is segmented on the basis of type and region. On the basis of type, the global chocolate market is categorized into dark chocolate, milk chocolate, and white chocolate. The geographies studied in the report include Europe, North America, Asia Pacific, and the Rest of the World.

The report profiles some of the leading manufacturers of chocolate such as Nestle SA, Ferrero Group, Mars Inc., Hershey Foods Corp., Ghirardelli Chocolate Co., Moonstruck Chocolatier Co., and Kraft Foods.

Asia Pacific Chocolate Market to Reach US$18.2 bn by 2019 owing to Presence of Large Number of Distribution Channels

The Asia Pacific chocolate market is expected to reach US$18.23 bn by then end of 2019. This market is progressing at a CAGR of 5.2% within a forecast period of 2013 to 2019, according to a research report released by Transparency Market Research. The Asia Pacific chocolate market was recorded at US$12.24 bn in 2012. The report, titled “Asia Pacific Chocolate Market - Scenario, Trends, Industry Analysis, Size, Share and Forecast, 2013 - 2019,” creates an all-inclusive portrait of this market through product types and country.

The youth have always been the primary target consumers for all kinds of chocolates. The Asia Pacific comprises a large percentage of children and youth, favoring the growth rate of the Asia Pacific chocolate market. One advantage that chocolates present is the ease with which a consumer can eat them. Chocolates can therefore easily become a part of the modern fast-paced lifestyle, where they can provide food-based satisfaction as well as energy through sugar additives. Chocolates are also being considered as a replacement food for desserts and other sweets.

As stated in the report, the primary driver of the Asia Pacific chocolate market is the increasing number of individuals with higher disposable incomes in the region. A greater percentage of the Asia Pacific population can afford a better quality of consumer goods, including chocolates. This factor, coupled with the high rate of urbanization and a growing trend of adopting western culture has made the Asia Pacific region an excellent location for regional and global players to increase market penetration.

In terms of volume, the Asia Pacific chocolate market is expanding at a CAGR of 4.80% between 2013 and 2019. Chocolate consumption was recorded at 822.60 mn kg in 2013, and is expected to reach 1,087.8 mn kg by the end of the forecast period.

The report creates a segmented analysis of the Asia Pacific chocolate market on the basis of chocolate types and countries.

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On the basis of type, the Asia Pacific chocolate market is divided into molded bars, straightline chocolates, countline chocolates, boxed chocolates, novelties, and other chocolates. The market is expected to be spearheaded by increasing sales of molded chocolates in the coming years. Molded bars are easier to manufacture and can be easily transported, allowing companies to increase the availability of molded chocolates in retail stores. Molded chocolates enjoy a higher level of market demand as well.

One of the fastest-growing segments in the Asia Pacific chocolate market is expected to be novelty chocolates. This segment has only recently been introduced to Asia Pacific. Owing to their unique nature and attractive shapes, more consumers are attracted to them. Innovations in the segments of molded chocolates and novelty chocolates are expected to generate a favorable growth rate for the overall Asia Pacific chocolate market.

The regional analysis of the Asia Pacific chocolate market reveals China to be dominant in the market in terms of demand, followed closely by India, owing to a high population density and rapid urbanization.

The key players in the Asia Pacific chocolate market are Lotte Co., Nestle, Hershey, Mars Inc., Mondelez International Inc., and Ferrero S.P.A.

Key segments of the Asia Pacific Chocolate Market

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)

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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.

Our 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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Rising Disposable Incomes in Developing Countries Drive Global Chocolate Market

Transparency Market Research offers an in-depth research report about the global chocolate market. The holistic research report examines the trends and dynamics in the global chocolate market and highlights the key market drivers and restraints.

The research report, titled “Chocolate Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019,” provides the readers with an assessment of the historical data and compares it with the current market scenario to map the trajectory of the market for the coming years. Additionally, the research report also uses SWOT analysis to point out the strengths, weaknesses, opportunities, and threats of the market. The industry experts have also used Porter’s five forces analysis to evaluate the threat of new entrants, the threat of substitute products or services, the bargaining power of customers, the bargaining power of suppliers, and the intensity of competitive rivalry.

In recent years, the global chocolate market has grown tremendously due to the increasing awareness about the health benefits of chocolate, which is rich in cocoa. Owing to these realizations, the global chocolate market is expected to grow at an accelerated pace in the near future. According to scientific studies, dark chocolate has the potential to avert cardiac diseases and other diseases, as this food product is rich in antioxidants.

 The global chocolate market is segmented on the basis of product and geography. The products available in this market are white chocolate, milk chocolate, and dark chocolate. Geographically, this market is segmented into Asia Pacific, North America, Europe, and Rest of the World.

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In terms of regions, the chocolate market in Asia Pacific is likely to have a tremendous growth potential due to the acceptance of Western habits in several Asian countries. Furthermore, the market in Asia Pacific will also be driven by the increasing penetration of international brands, along with the success of local brands. The growing share of Asia Pacific in the overall chocolate market will also be attributable to the rise in the disposable income of residents of the developing countries in Asia Pacific such as India, China, South Korea, and Japan.

Some of the important players profiled in the global chocolate market are Hershey Foods Corp., Ghirardelli Chocolate Co., Ferrero Group, Moonstruck Chocolatier Co., Mars Inc., Kraft Foods, and Nestle SA. The research report provides a detailed analysis of the competitive landscape of the global chocolate market, the impact of regulatory analysis, and governing import and export policies. Additionally, the research report also explains the financial overview, product portfolio, business and marketing strategies, research and development activities, and investment outlook of these top players in the global chocolate market.

How The Chocolate Market Is Poised For Growth?

A new market research report by Transparency Market Research presents an in-depth analysis of the global chocolate market. The report provides detailed insights into the market, including its drivers and restraints, challenges and opportunities, product segmentation, and the competitive landscape of the market. The research report is titled “Chocolate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”. A combination of primary as well as secondary research data has been used in the research report to determine the market share figures, market estimates, and trends. In addition, charts, tables, and other infographics are used to include the historical data and forecast figures.

By product type, the global market for chocolate has been segmented into white chocolate, dark chocolate, and milk chocolate. Among these types, the dark chocolate segment holds the largest market share owing to the increasing awareness regarding the health benefits associated with consuming cocoa-rich dark chocolates. This segment is expected to dominate the global chocolate market owing to the rising popularity of dark chocolate rich in antioxidants, which are helpful in preventing cardiac as well as other diseases. On the other hand, unpredictability in the supply of cocoa due to political instability in most key cocoa manufacturing countries is one of the major factors expected to hamper the growth of this market in the coming years.

The global chocolate market has been divided on the basis of geography into North America, Europe, Asia Pacific, and Rest of the World. Among these regions, Asia Pacific accounts for the largest share in the global market owing to the rising influence of Western culture and habits in most Asia Pacific countries.

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Currently, chocolate is very popular across Asia Pacific countries due to the success of international as well as local brands. As a result, the growing demand for chocolate from Asia Pacific is estimated to fuel the growth of the global market throughout the forecast period. In addition, the increasing disposable income of consumers in Asia Pacific, especially in economies such as India, China, South Korea, and Japan, has brought down the status of chocolate from luxury to a routine commodity. The local brands offer cheap products which has resulted in chocolate becoming very popular among the masses, whereas international brands of chocolate are expected to grow progressively in the Asia Pacific chocolate market in the next few years.

The research report further covers the competitive landscape of the global chocolate market, including the company profile, inception details, product portfolio, financial overview, business strategies, and recent developments. Some of the prominent players operating in the global chocolate market are Moonstruck Chocolate Co., Mars Inc., Ferrero Group, Hershey Foods Corp., Nestle SA, Kraft Foods, and Ghirardelli Chocolate Co.

Asia Pacific Chocolate Market - Scenario, Trends, Industry Analysis, Size, Share and Forecast, 2013 – 2019

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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