Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest of Asia), By Type (Nuts Milk Chocolate, Liqueur Milk Chocolate, Other), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, Others), By Application (Residential, Commercial) And Competitive Landscape
Product Code: ETC076071 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific Milk Chocolate Market is expected to witness substantial growth in milk chocolate market in future. It was observed that the Chinese consumers give priority to have more variety than the actual taste; because milk chocolate comes in various variety thus have an upper hand. Milk chocolate is one of the favourite flavours of Chinese consumers. However, some developed regions of China, such as in the Eastern China, heath concern customers were more likely to choose dark chocolate as it had an image of being healthier. Whereas in India, milk chocolates is one of the most popular product and contributes a significant amount to the total chocolate market of the country. Even though India is still predominately a milk chocolate market, but in recent years, there has been a significant increase in the demand for dark chocolate. The availability of dark chocolate brands such as Hershey’s, Lindt, Amul, Cadbury and Toblerone and many more has led to the rise in market penetration for dark chocolates. The low sugar content in the dark chocolates is another reason to spur the demand for dark chocolates, as consumers have become more heath conscious and aware of the risk that comes with high intake of sugar. In Japan even though the demand of milk chocolates are high especially during special occasions like White day, Blossom festival, New Year eve, etc. and milk chocolate is the most popular type of chocolate among Japanese consumers. The demand for dark chocolate is crawling its way up to the top. Moreover, due to the awareness about polyphenol that is present in cacao has changed the perception of Japanese consumers that chocolate is a healthy product. Due to the fact that milk chocolate does not contain much polyphenol, but are high in fat and sugar, resulted sales of the milk chocolates more or less stagnant. Due to covid pandemic, the supply chain is highly affected but due to lockdown, people have started stocking food items and staying in their home quite often hence, we can say demand for milk chocolates were on a rise during this pandemic.
According to 6Wresearch, Asia Pacific (APAC) Milk Chocolate Market is anticipated to register growth during 2021-27. India and China are two major countries dominating in the Asia Pacific region. In China the biggest four companies are Dove whose USP is sweet-smelling milk as silk tasting, Ferrero who offers a lasting flavour, Cadbury which provides smoothness and Leconte. They have together taken over a huge chunk of the milk chocolate market in this region. Only Leconte is a local brand trying to compete with these big players. Whereas in India milk chocolates are among the favourite products by Indian consumers and there are several companies manufacturing premium to moderate quality chocolate products. Key player’s likes Mondelez India (Cadbury’s), Ferrero and Nestle India have quite a stronghold. Even when manufactures come up with new attractive alternatives of heavy sugar milk based chocolates by incorporating organic ingredients and natural sweeteners, they were failed to impress the consumers and capture this lucrative market. For example, when Cadbury earlier this year released their Cadbury Dairy Milk with 30% less sugar was not well received by the consumers.
The milk chocolate market is segmented based on distribution channels which are currently dominated by supermarkets and hypermarkets followed by convenience stores, non-grocery retailers and others. Based on various forms the market is divided into chocolate-coated nuts, bars, chocolate chips, candies and other forms. End user segment is distributed into residential user and commercial users. In China, commercial users are increasing because cosmetics market is anticipated to undergo rapid growth owing to the heavy demand for premium cosmetics products that are available at a reasonable price. Geographical breakdown of the market includes China, India and Japan.
The Asia Pacific milk chocolate market report thoroughly covers the market by end users, form, nature, distribution channel and regions including China, India and Japan, Australia, Thailand, Indonesia and rest of Asia Pacific. The Asia Pacific milk chocolate market outlook report provides an unbiased and detailed analysis of the on-going Asia Pacific milk chocolate market trends, opportunities/high growth areas, and market drivers, which would help the stakeholder to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Milk Chocolate Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Milk Chocolate Market Revenues & Volume, 2020 & 2027F |
3.3 Asia Pacific Milk Chocolate Market - Industry Life Cycle |
3.4 Asia Pacific Milk Chocolate Market - Porter's Five Forces |
3.5 Asia Pacific Milk Chocolate Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Asia Pacific Milk Chocolate Market Revenues & Volume Share, By Type, 2020 & 2027F |
3.7 Asia Pacific Milk Chocolate Market Revenues & Volume Share, By Distribution Channel, 2020 & 2027F |
3.8 Asia Pacific Milk Chocolate Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 Asia Pacific Milk Chocolate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Milk Chocolate Market Trends |
6 Asia Pacific Milk Chocolate Market, 2017 - 2027 |
6.1 Asia Pacific Milk Chocolate Market, Revenues & Volume, By Type, 2017 - 2027 |
6.2 Asia Pacific Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
6.3 Asia Pacific Milk Chocolate Market, Revenues & Volume, By Application, 2017 - 2027 |
7 China Milk Chocolate Market, 2017 - 2027 |
7.1 China Milk Chocolate Market, Revenues & Volume, By Type, 2017 - 2027 |
7.2 China Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
7.3 China Milk Chocolate Market, Revenues & Volume, By Application, 2017 - 2027 |
8 India Milk Chocolate Market, 2017 - 2027 |
8.1 India Milk Chocolate Market, Revenues & Volume, By Type, 2017 - 2027 |
8.2 India Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
8.3 India Milk Chocolate Market, Revenues & Volume, By Application, 2017 - 2027 |
9 Japan Milk Chocolate Market, 2017 - 2027 |
9.1 Japan Milk Chocolate Market, Revenues & Volume, By Type, 2017 - 2027 |
9.2 Japan Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
9.3 Japan Milk Chocolate Market, Revenues & Volume, By Application, 2017 - 2027 |
10 Australia Milk Chocolate Market, 2017 - 2027 |
10.1 Australia Milk Chocolate Market, Revenues & Volume, By Type, 2017 - 2027 |
10.2 Australia Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
10.3 Australia Milk Chocolate Market, Revenues & Volume, By Application, 2017 - 2027 |
11 Indonesia Milk Chocolate Market, 2017 - 2027 |
11.1 Indonesia Milk Chocolate Market, Revenues & Volume, By Type, 2017 - 2027 |
11.2 Indonesia Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
11.3 Indonesia Milk Chocolate Market, Revenues & Volume, By Application, 2017 - 2027 |
12 Philippines Milk Chocolate Market, 2017 - 2027 |
12.1 Philippines Milk Chocolate Market, Revenues & Volume, By Type, 2017 - 2027 |
12.2 Philippines Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
12.3 Philippines Milk Chocolate Market, Revenues & Volume, By Application, 2017 - 2027 |
13 Malaysia Milk Chocolate Market, 2017 - 2027 |
13.1 Malaysia Milk Chocolate Market, Revenues & Volume, By Type, 2017 - 2027 |
13.2 Malaysia Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
13.3 Malaysia Milk Chocolate Market, Revenues & Volume, By Application, 2017 - 2027 |
14 Rest of Asia Milk Chocolate Market, 2017 - 2027 |
14.1 Rest of Asia Milk Chocolate Market, Revenues & Volume, By Type, 2017 - 2027 |
14.2 Rest of Asia Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
14.3 Rest of Asia Milk Chocolate Market, Revenues & Volume, By Application, 2017 - 2027 |
11 Asia Pacific Milk Chocolate Market Key Performance Indicators |
12 Asia Pacific Milk Chocolate Market - Opportunity Assessment |
12.1 Asia Pacific Milk Chocolate Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Asia Pacific Milk Chocolate Market Opportunity Assessment, By Type, 2020 & 2027F |
12.3 Asia Pacific Milk Chocolate Market Opportunity Assessment, By Distribution Channel, 2020 & 2027F |
12.4 Asia Pacific Milk Chocolate Market Opportunity Assessment, By Application, 2020 & 2027F |
13 Asia Pacific Milk Chocolate Market - Competitive Landscape |
13.1 Asia Pacific Milk Chocolate Market Revenue Share, By Companies, 2020 |
13.2 Asia Pacific Milk Chocolate Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |