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Pulished Date February, 2020
ID: 6932
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Asia Pacific Cocoa Products Market By Type (Cocoa Powder, Cocoa Paste, Cocoa Butter, Cocoa Beans And Others), By Application (Bakery, Drinks & Beverages, Confectionaries, Functional Food And Others), And By Region - Asia Pacific Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2020-2025

Pulished: February, 2020
ID: 6932
Pages: 145

Asia Pacific Cocoa Products Market Size Analysis 2020-2025:

Asia Pacific Cocoa Products Market size was assessed at USD xx.xx million in 2020 and is determined to expand up to USD xx.xx million, recording an annual growth rate (CAGR) of xx.xx% throughout the projection period 2020-2025.

Cocoa products often include products like chocolate, cocoa powder, cocoa butter, cocoa liquor, etc. The increasing adoption of cocoa products in industries like personal care and cosmetics has been the critical factor driving this Cocoa Products Market.

Asia Pacific Cocoa Products Market Report Coverage:

REPORT METRIC

DETAILS

Market Size Available

2019 – 2025

Base Year

2019

Forecast Period

2020 - 2025

CAGR

x.x%

Segments Covered

By Product Type, By Application

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

India, China, Japan, Australia, Korea, Singapore

Market Leaders Profiled

Indcresa, Altinmarka, Moner Cocoa, S.A., Olam International, Ecuakao Group Ltd, JBCOCOA Sdn. Bhd., Nestle, Kuruvilla & Sons, Touton S.A., Natra, Barry Callebaut, Cargill, and Incorporated

Recent Developments in Asia Pacific Coc oa Products Market:

  1. In January 2019, Global Ingredients and Food Group Cargill introduced its artisan chocolate brand, namely Veliche Gourmet in Amsterdam, the Netherlands. 
  2. In February 2019, Olam International Limited  has acquired an 85 percent stake in the parent company of the largest cocoa processor in Indonesia to keep pace with demand in the rapidly growing Asian market. The Singapore-based global food and agribusiness firm said it would pay $ 90 million for the stake in YTS Holdings Pte, which owns PT Bumitangerang Mesindotama (BT Cocoa).
  3. Olam International OLAM.SI has completed the purchase of Archer Daniels Midland Co. ADM.N's global cocoa business in a deal valued at $ 1.2 billion.
  4. In December 2019, Sucden to protect child labor became a member of the International Cocoa Initiative (ICI), which helped the company to expand its goodwill and income.
  5. Cargill has completed the acquisition of ADM's global chocolate business for an enterprise value of $ 440 million. This acquisition underscores Cargill's commitment to meeting customer needs and is an important step in its chocolate growth strategy, strengthening its position as a leader in the cocoa and chocolate industry. The combined business provides Cargill with enhanced capabilities and product lines to offer a broad portfolio of products that meet the long-term needs of new and existing customers.
  6. The cocoa and chocolate business of Cargill and Smet, a leading Belgian supplier of chocolate decorations and confectionery for the catering and confectionery market, announces its intention to consolidate its global gourmet chocolate business. The combined activity will offer significant opportunities to accelerate the growth of the gastronomic segment. Customers will benefit from increased privacy and high-speed time-to-market through new decorating technology, improved production capabilities, and a wide range of products.
  7. Barry Callebaut, the world's leading manufacturer of high-quality cocoa and chocolate products, has signed a deal with Petra Foods Ltd., Singapore, to procure its Cocoa Ingredients division. Petra Foods Cocoa Ingredients division is the largest supplier of cocoa products in Asia.
  8. The Blommer Chocolate Company, the largest manufacturer of chocolate ingredients in North America and the third-largest in the world, announced that it has signed an agreement to be acquired by Fuji Oil Holding, Inc., a world leader in oily and fatty ingredients used in the industry food.

Market Drivers and Restraints:

The surge in demand for cocoa products in large industrial applications such as confectionery and beverages is accelerating the use of cocoa products, driving the Coc oa Products Market growth in the APAC region. The health benefits associated with cocoa products, such as lowering blood pressure, managing diabetes, and maintaining heart disease, speed up the use of cocoa ingredients in dark chocolates. The rising call for chocolates and related products such as dark chocolates, milk chocolates, etc., has led to an increase in demand for cocoa products. Manufacturers are conducting increasing per capita chocolate consumption and aggressive advertisements and promotional campaigns to attract buyers and are likely to stimulate demand for cocoa products. Also, the use of cocoa butter in the formulation of various cosmetic and personal care products due to its therapeutic properties is expected to further increase the demand for cocoa products in the Asia Pacific during the forecast period. The demand for organic cocoa products has increased rapidly as consumers are increasingly concerned about food safety and the impact of cocoa plantations on the environment. However, the threat to the sustainability of cocoa production, endemic fertilizer use, low soil fertility, and climate change is likely to affect the production of cocoa products during the foreseen period.

Asia Pacific Cocoa Products Market Segmentation:

The Asia Pacific Cocoa Products Market is segmented by product and application. Depending on the product, the market for cocoa products is segmented into cocoa beans, cocoa butter, cocoa powder and cakes, cocoa and chocolate paste, and liquor. According to the application, the market is divided into confectionery, food and beverage, cosmetics, pharmaceuticals, and others.

Impact of COVID-19 on Asia Pacific Cocoa Products Market

Coronavirus pandemic had its worst impact on the food & beverages sector, including all its associated industries like cocoa products. The shutdown of production units, disruption in supply chains, and closure of sales channels as a part of lockdown conditions in several developed and developing nations have led to the declined sales of cocoa products. As the Asia Pacific has been among the most affected areas with the Coronavirus, it witnessed huge losses in almost all industries lately. The market is likely to take some time to recuperate as consumers are turning towards organic and herbal products to boost their immunity during this COVID-19 period.

Regional Analysis

The Asia Pacific Cocoa Products 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. Cocoa Products 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 this new trend for organic products, several renowned companies and new entrants are introducing innovative flavors, strengthening business in China by bringing more organic chocolate products to end-users.

Leading Company

Olam International had the largest share of the Asia Pacific Cocoa Products Market in terms of sales and revenue in 2020.

Key Players

The Asia Pacific Cocoa Products Market is concentrated with some well-established players that are operating for several years, such as Indcresa., Altinmarka, Moner Cocoa, S.A., Olam International, Ecuakao Group Ltd, JBCOCOA Sdn. Bhd., Nestle, Kuruvilla & Sons, Touton S.A., Natra, Barry Callebaut, Cargill, and Incorporated.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Cocoa Powder       

                                5.1.3 Cocoa Paste            

                                5.1.4 Cocoa Butter          

                                5.1.5 Cocoa beans           

                                5.1.6 Others      

                                5.1.5  Y-o-Y Growth Analysis, By Type    

                                5.1.6  Market Attractiveness Analysis, By Type  

                                5.1.7  Market Share Analysis, By Type    

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Bakery      

                                5.2.3 Drinks & Beverages             

                                5.2.4 Confectionaries    

                                5.2.5 Functional food     

                                5.2.6 Others      

                                5.2.7 Y-o-Y Growth Analysis, By Application         

                                5.2.8 Market Attractiveness Analysis, By Application       

                                5.2.9Market Share Analysis, By Application         

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                                6.1.4.3 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                                                6.1.5.3 By Application

                6.2 China                             

                6.3 India                              

                6.4 Japan                            

                6.5 South Korea                               

                6.6 Australia                      

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Kraft Foods Group                   

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Blommer Chocolate Company                            

                8.3 Hersheys                     

                8.4 Tradin Organic Agriculture B.V                            

                8.5 Touton S.A                  

                8.6 PASCHA Chocolate                  

                8.7 Nestle                           

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Type, by Application along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

                                                                                                                          

  1. Asia Pacific Cocoa products Market By Type, From 2020-2025 ( USD Million )
  2. Asia Pacific cocoa powder Market By Region, From 2020-2025 ( USD Million )
  3. Asia Pacific cocoa paste Market By Region, From 2020-2025 ( USD Million )
  4. Asia Pacific cocoa butter Market By Region, From 2020-2025 ( USD Million )
  5. Asia Pacific cocoa beans Market By Region, From 2020-2025 ( USD Million )
  6. Asia Pacific other types Market By Region, From 2020-2025 ( USD Million )
  7. Asia Pacific Cocoa products Market By Application, From 2020-2025 ( USD Million )
  8. Asia Pacific Bakery  Market By Region, From 2020-2025 ( USD Million )
  9. Asia Pacific Drinks and beverages Market By Region, From 2020-2025 ( USD Million )
  10. Asia Pacific Confectionaries Market By Region, From 2020-2025 ( USD Million )
  11. Japan Cocoa products Market By Type, From 2020-2025 ( USD Million )
  12. Japan Cocoa products Market By Application, From 2020-2025 ( USD Million )
  13. China Cocoa products Market By Type, From 2020-2025 ( USD Million )
  14. China Cocoa products Market By Application, From 2020-2025 ( USD Million )
  15. India Cocoa products Market By Type, From 2020-2025 ( USD Million )
  16. India Cocoa products Market By Application, From 2020-2025 ( USD Million )
  17. Australia Cocoa products Market By Type, From 2020-2025 ( USD Million )
  18. Australia Cocoa products Market By Application, From 2020-2025 ( USD Million )
  19. South Korea Cocoa products Market By Type, From 2020-2025 ( USD Million )
  20. South Korea Cocoa products Market By Application, From 2020-2025 ( USD Million )

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