Indonesia Chocolate Market (2023-2029) | Size, Share, Trends, Growth, Revenue, Analysis, Forecast, industry & Outlook

Indonesia Chocolate Market Synopsis

Indonesia chocolate market report comprehensively covers the market by product types, distribution channels, and chocolate types. The Indonesia chocolate market outlook report provides an unbiased and detailed analysis of the Indonesia chocolate market trends, Indonesia chocolate market share, opportunities, high growth areas, and market drivers which would help the stakeholders device and align their market strategies according to the current and future market dynamics.

Indonesia chocolate market is expected to witness exponential growth over the coming years due to an increase in the consumption of chocolate among various age groups. Moreover, the rapid expansion of grocery stores in rural areas has been advantageous for the distribution of chocolate products evenly in the less-tapped areas of Indonesia.

According to 6Wresearch, the Indonesia Chocolate Market size is projected to grow at a CAGR of 6.3% during 2023–2029. Indonesia has always been considered a country that heavily exports cocoa beans to other countries, however, recently investors have seen huge potential in the pristine chocolate market of Indonesia. Additionally, the growing middle class’s income and changing consumer behaviour are some of the key factors driving the growth of the chocolate market in Indonesia. Slowly and steadily, price sensitivity is decreasing while purchasing chocolate as nowadays most consumers prefer quality and taste over price. Surging disposable income coupled with rising health consciousness is driving the Indonesia Chocolate Market Growth. Additionally, surging disposable income and demand for high-quality and premium flavours in chocolate is also one of key factors adding to the development of the market.

Leading players in the Indonesia Chocolate Market

The Indonesia chocolate industry is highly competitive with the presence of major players vying for market share. Some of them includes;

•  Mondelez Indonesia
• PT Campina Ice Cream Industry Tbk
• GarudaFood
•  Nestlé Indonesia
• Mayora Indah Tbk

The impact of COVID-19 on the Indonesia Chocolate Market

The COVID-19 pandemic has had a major impact on the chocolate market in Indonesia. In the initial stages of the pandemic, there was a decline in sales due to lockdowns and disruptions in supply chains. On the other hand, many consumers adopted comfort foods like chocolate during hard times and e-commerce sales experienced a significant increase as people shifted towards online shopping.

Schemes and policies implemented by the government in the Indonesia Chocolate Market

The government has implemented various policies and schemes to promote the food and beverage industry of Indonesia. Some of these policies include incentives for food manufacturers and regulations related to food safety and labeling. Some other initiatives include:

• Import Regulations: The government has implemented various import regulations on cocoa and chocolate products to protect the domestic industry. These regulations are designed to promote the use of domestic cocoa in the cocoa and chocolate sector.
• Export Promotion: The government has also been working to promote chocolate products of the country in international markets.
• Quality Standards and Certification: The government has been involved in setting quality standards for chocolate products. These standards are in line with international norms and help ensure the quality of products in the market.
• Tax Incentives: There have been tax incentives offered to encourage investment in the chocolate industry to attract both domestic and foreign investors.

Market Analysis by Product Type

Milk chocolate segment captured the majority of the market share due to the liking of Indonesians towards sugary chocolates, however, dark chocolate is a niche market that is projected to grow in the future owing to its health benefits. Count lines and self-lines are the most prominent chocolate types as they are light to eat and work as the best go-to snack.

Key Highlights of The Reports

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Markets Covered

The Indonesia chocolate market report provides a detailed analysis of the following market segments:

By Product Types

• Milk Chocolate
• White Chocolate
• Dark Chocolate

By Distribution Channels

• Supermarkets/ Hypermarkets
• Grocery/Mom-n-Pop Stores
• Convenience Stores
• Online Channel
• Others (Specialized Retailers, Pharmacy, etc.)

By Chocolate Types

• Count lines & Straight lines
• Molded or Bar Chocolates
• Choco-panned & Sugar panned
• Others (Box chocolates, novelties, etc.)