Asia Pacific Chocolate Powdered Drinks Market size was at USD 6.09 billion in 2021 and is anticipated to develop over USD 8.9 billion, registering a CAGR of 5.42% throughout the outlook period 2022 - 2027.
The chocolate powder can be mixed instantly with water or milk to prepare delicious chocolate drinks. Water-based powdered chocolate drinks are generally cold drinks that include carbonated drinks or energy drinks. While milk-based chocolate drinks include chocolate drinks, protein shakes, and cappuccino mixes.
Asia Pacific Chocolate Powdered Drinks Market Report Coverage:
REPORT METRIC |
DETAILS |
Market Size Available |
2020 – 2026 |
Base Year |
2020 |
Forecast Period |
2021 - 2026 |
CAGR |
5.42% |
Segments Covered |
By Type, By End User, and By Distribution Channel |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Countries Covered |
Japan, India, China, Singapore, Malaysia, Korea |
Market Leaders Profiled |
Mondelez International, Kellogg Co., Campbell Soup Co., Nestle SA, United Biscuits, PepsiCo, M. Dias Branco, Britannia Industries, Barilla G. e R. Fratelli, and Arcor U.S.A., Kraft Foods, Thomas Tunnock Limited, Nutrexpa, Paterson Arran Limited |
Market Drivers and Restraints:
The APAC chocolate powdered drinks market is primarily driven by emerging trends such as the healthy enjoyment of low-fat and sugar-free chocolates. Today, consumers are concerned about the origin of the ingredients used in chocolate for several reasons. The growing demand for ethically harvested cocoa and single plantation cocoa is driving the growth of the premium Asia Pacific Chocolate Powdered Drinks. The trend towards premiumization of chocolate confectionery products in developing economies such as China and India, together with the high demand for higher quality chocolates with attractive packaging, is contributing to the growth of the Asia Pacific Chocolate Powdered Drinks Market. The increasing impact of Western culture, increasing consumer disposable income and increasing population are the main factors driving the growth of powdered chocolate beverages in the area. Innovation in the field of powdered chocolate drinks with health benefits like DHA fortification, nuts, natural herbs, natural flavors, is driving the demand for Asia Pacific Chocolate Powdered Drinks Market.
Organic powdered chocolate drinks remain rare and niche, which may offer an opportunity for participants from various organic brands. The increasing popularity of these ingredients may adversely affect the Asia Pacific Chocolate Powdered Drinks Market due to the easy availability and cost effectiveness of the products. The good fat stability and improved fat composition profile of cocoa butter substitutes are driving their growth in the Asia Pacific market. According to the Global Shea Alliance, pastry chefs are increasingly replacing cocoa butter with CBE (Cocoa Butter Equivalents) derived from a blend of shea stearin and middle palm fraction due to reduced costs, better functionality and increased durability. Additionally, improving the taste and effective branding of powdered beverages by manufacturers is an important factor in supporting market growth. However, adulteration and poor quality of products are a limiting factor affecting the expansion of the local market.
Market Segmentation
The Asia Pacific Chocolate Powdered Drinks market is segmented by type, end-users, and distribution channels.
Based on the type, the chocolate powdered drinks market is segmented into dark chocolate drink, milk chocolate drink, and white chocolate drink. Based on the end-users, the market is segregated as energy drinks, dairy drinks, cappuccino mixes, protein shakes, and chocolate drinks. On the basis of the distribution channel, the market is separated into supermarkets/ hypermarkets, specialty stores, convenience stores, online and grocery stores. Within the distribution channels, the supermarkets/ hypermarkets segment contributed the dominant share in the local market. Increased availability of various products on e-commerce sites is supposed to boost the online segment in the coming days.
The Asia Pacific Chocolate Powdered Drinks Market has experienced a sudden halt amid the outbreak of the Coronavirus pandemic due to the major shift in demand dynamics. The pandemic is expected to negatively affect sales in Asian countries for a period of time due to the unexpected lockdown. Chocolate confectionery and cocoa are not considered essential products and consumer demand for these products has declined in these countries in recent months. The novel coronavirus is expected to reduce demand for Asia Pacific Chocolate Powdered Drinks ingredients in several countries around the world, while disrupting the supply chain for a short period. Furthermore, the demand for high-end products is likely to gradually decrease in Asian countries due to the economic crisis.
Regional Analysis
The Asia Pacific Chocolate Powdered Drinks market has been categorized based on geography into China, Taiwan, South Korea, India, Japan, Australia, and New Zealand, and the rest of the Asia-Pacific. The Asia-Pacific region shows significant growth potential in this market, due to the strengthening of the economic situation in countries such as India and China. In addition, the large population in these countries is a major factor in the demand for flavored powders in Asia Pacific. An important factor in the growth in demand for flavored powders in Asia Pacific is the increase in the workforce. The market in China is still in a development stage compared to other developed markets such as Japan and Australia. The rapidly growing middle class population, urbanization, and changing consumer tastes have contributed to the increased appetite for chocolate in the country. Growing consumer interest in organic products has opened several opportunities for major players in the Chinese market. With the rising call for organic labels, well-established brands in this business are focusing on strengthening their market in China by introducing a portfolio of organic chocolate products to their shelves. Nations like India are still in a nascent stage.
Leading Company
Nestle S.A. had the largest share of the Asia Pacific Chocolate Powdered Drinks Market in terms of sales revenue in 2021.
Key Players
Major players in the Asia Pacific Chocolate Powdered Drinks Market include Niche Cocoa Industry, Nestle S.A., BD Associates Ghana Ltd, ECOM Agroindustrial Corporation Ltd., Fuji Oil Company, Ltd., Barry Callebaut AG, Olam International, and Cargill.
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