Report ID: SQMIR30C2149
Report ID:
SQMIR30C2149 |
Region:
Regional |
Published Date: February, 2024
Pages:
157
|
Tables:
69 |
Figures:
75
Asia Pacific cocoa and chocolate market is dominated by Japan. Due to the rising popularity of chocolate as a gift, Japan currently contributes the most to the Asia Pacific chocolate market and is likely to keep that ranking in the years to come. Due to rising geriatric and health consciousness among the populace, sugar-free, low-sugar, and dark chocolate are likely to dominate the Japanese chocolate market in the upcoming years.
India's expanding dairy sector may also play a significant role in the Asia Pacific chocolate market in the upcoming years. One of the largest portions of the overall confectionery market in India is occupied by chocolate confections. Due to the acceptance of restrictions imposed by the Food Safety and Standards Authority (FSSAI) on the sale of chocolates containing vegetable oil and fats in chocolates, the growth of the chocolate industry increased in the country of India. Demand for dark and sugar-free chocolates is rising in India. Indian consumers have a taste for dark chocolate because they are aware of its health benefits. Organic ingredients are now being used in chocolate products by manufacturers. Indian chocolate sales have increased as a result of changing consumer preferences, lifestyles, eating habits, and exposure to foreign brands. The Indian chocolate market is now dominated by international brands. In the upcoming years, Southeast Asia is expected to dominate and hold the top spot in this market this is a result of the rising demand for exotic fillings and flavours in Asia Pacific cocoa and chocolate products.
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Report ID: SQMIR30C2149