Pune, Nov. 15, 2020 (GLOBE NEWSWIRE) — The Asia Pacific cocoa and chocolate market size is expected to gain momentum by reaching USD 8,892.57 million by 2027. This is attributable to the growing purchase capacity of the consumers that propel the demand for exotic cocoa and chocolate products. Fortune Business Insights, in its latest report, titled, “Asia Pacific Cocoa and Chocolate Market Size, Share & COVID-19 Impact Analysis, By Type (Cocoa and Chocolate), Application (Food and Beverage, Cosmetics, Pharmaceuticals, and Others), and Country Forecast, 2020-2027.”, mentions that the market stood at USD 6,019.15 million in 2019 and is likely to exhibit a CAGR of 5.42% between 2020 and 2027.
Price Fluctuations amid COVID-19 to Hamper Growth Prospects
The global pandemic has resulted in a complete shutdown of supply chains across several industries. The chocolate and cocoa industry is further experiencing a remarkable reduction in the sales of products. Owing to lockdown, the restricted movement of people has led to a negative impact on the market. This is expected to hamper the market growth shortly.
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List of the Leading Companies Profiled in the Global Asia Pacific Cocoa and Chocolate Market are:
- Nestle S.A. – (Vevey, Switzerland)
- Cargill, Incorporated – (Minnesota, U.S.)
- Olam International – (Singapore)
- Barry Callebaut AG – (Zürich, Switzerland)
- Fuji Oil Company, Ltd. – (Osaka, Japan)
- ECOM Agroindustrial Corporation Ltd. – (Pully, Switzerland)
- Touton S.A. – (Bordeaux, France)
- B D Associates Ghana Ltd – (Tema, Ghana)
- PLOT Enterprise Ghana Limited – (Takoradi, Ghana)
- Niche Cocoa Industry, Ltd. (Tema, Ghana)
- Indcre S.A. – (Barcelona, Spain)
Asia Pacific cocoa and chocolate products are gaining popularity owing to the growing indulgence in exotic flavors and fillings. In addition to this, the increasing consumption for low-fat and sugar-free chocolates is propelling the manufacturers to produce high-quality cocoa plantations in Asia Pacific.
What does the Report Include?
The market report includes a detailed assessment of various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research …
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