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The chocolate market in Asia Pacific was valued at USD 18.79 Billion in 2024. The market is further projected to grow at a CAGR of 5.50% between 2025 and 2034, reaching a value of USD 32.10 Billion by 2034.
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In the Asia Pacific region, the unique flavours of chocolate encompass miso caramel, mint ginger, lychee rose green tea, kalamansi lime, Turkish coffee with cardamom, and coffee crunch cake bar.
As per industry reports, store-based retailers play a significant role in the distribution of chocolate products, offering easy accessibility to consumers through supermarkets, convenience stores, and speciality chocolate shops which can contribute to the Asia Pacific chocolate market value.
Notable players in the market are Mars, Incorporated, Mondelez International, Inc., Ferrero International S.A., Nestlé S.A., and The Hershey Company.
The influence of Western lifestyles and the increasing preference for chocolates over traditional sweets are further fuelling the chocolate demand in Asia Pacific. For example, in India, the growing prominence of bakeries and confectionaries that are influenced by western lifestyles is driving the demand for chocolates, especially in the urban region.
These trends, coupled with the region's large youth population, increasing per capita income, and the rise of e-commerce platforms, are key factors propelling the market growth. For instance, the e-commerce platform Alibaba reported a 47% increase in sales in 2020, indicating the growing popularity of online shopping for chocolates in the region as well.
Asia Pacific Chocolate Market Size
Asia Pacific Chocolate Market Growth
Asia Pacific Chocolate Market Trends
Asia Pacific Chocolate Companies
Asia Pacific Chocolate Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the market reached an approximate value of USD 18.79 Billion.
The market is expected to grow at a CAGR of 5.50% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 32.10 Billion by 2034.
The market is being driven due to region's large youth population, increasing per capita income, and the rise of e-commerce platforms.
Key trends aiding the market expansion include growing demand for premium and healthy chocolate products and innovations in packaging formats.
Countries considered in the market are China, Japan, India, ASEAN, and Australia, among others.
Different types of chocolate in the market are dark chocolate, milk chocolate, and white chocolate.
Based on distribution channel, the market segmentations include supermarkets and hypermarkets, convenience stores, and online, among others.
Key players in the market are Mars, Incorporated, Mondelez International, Inc., Ferrero International S.A., Nestlé S.A., The Hershey Company, Gujarat Co-operative Milk Marketing Federation Ltd., ITC Limited, Barry Callebaut AG, Grupo Arcor, Chocoladefabriken Lindt & Sprüngli AG, August Storck KG, Meiji Holdings Co., Ltd., ROYCE' Confect co., Ltd., and Yuraku Confectionery Co., Ltd., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124