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Global Asia-Pacific Cocoa Products Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

Food & Beverage | Upcoming Report | Aug 2024 | Asia-Pacific | 350 Pages | No of Tables: 220 | No of Figures: 60
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Asia Pacific Cocoa Products Market

Market Size in USD Billion

CAGR :  %

USD 4.56 Billion USD 7.49 Billion 2024 2032
Forecast Period
2025 –2032
Market Size(Base Year)
USD 4.56 Billion
Market Size (Forecast Year)
USD 7.49 Billion
CAGR
%
Major Markets Players
  • Olam International (Singapore)
  • Jindal Cocoa (India)
  • Kuruvilla & Sons (India)
  • JBCOCOA Sdn. Bhd. (Malaysia)
  • and Guan Chong Berhad (Malaysia)

Global Asia-Pacific Cocoa Products Market Segmentation, By Type of Cocoa (Forastero Cocoa, Criollo Cocoa and Trinitario Cocoa), Product Type (Cocoa Butter, Cocoa Beans, Cocoa Powder & Cake, Cocoa Liquor & Paste, Cocoa Nibs and Others), Source (Inorganic and Organic), Application (Food & Beverages, Dietary Supplements, Personal Care & Cosmetics and Others), Distribution Channel (Direct and Indirect) - Industry Trends and Forecast to 2032

Asia-Pacific Cocoa Products Market Size

  • The global Asia-Pacific cocoa products market size was valued at USD 4.56 billion in 2024 and is expected to reach USD 7.49 billion by 2032, at a CAGR of 6.40% during the forecast period
  • The market growth is largely fuelled by the rising demand for chocolate confectioneries, expanding middle-class population with increased disposable income, and growing awareness of the health benefits of cocoa-based products
  • In addition, the increasing penetration of Western-style bakeries and cafes, along with the rapid urbanization and evolving food preferences in emerging economies such as India, China, and Indonesia, is supporting market expansion

Asia-Pacific Cocoa Products Market Analysis

  • The region is witnessing strong growth in cocoa products consumption, driven by changing dietary habits, increasing demand for premium chocolate, and rising urbanization
  • In addition, the growth of the health and wellness trend has encouraged the consumption of dark chocolate and low-sugar cocoa products, further stimulating market demand across the region
  • China cocoa products market accounted for the largest revenue share in Asia-Pacific in 2024, supported by strong demand for chocolate-based snacks, bakery items, and beverages
  • ​Japan is expected to witness the highest compound annual growth rate (CAGR) in the Asia-Pacific cocoa products market due to increasing health consciousness, a strong preference for high-quality, low-sugar cocoa items, and growing applications of cocoa in functional foods, beauty supplements, and personal care products
  • Forastero cocoa segment dominated the market with the largest revenue share in 2024, primarily due to its widespread cultivation, high yield, and cost-effectiveness. This type of cocoa is commonly used in mass-market chocolate products and processed goods, making it a preferred choice among commercial manufacturers

Report Scope and Asia-Pacific Cocoa Products Market Segmentation

Attributes

Asia-Pacific Cocoa Products Key Market Insights

Segments Covered

  • By Type of Cocoa: Forastero Cocoa, Criollo Cocoa and Trinitario Cocoa
  • By Product Type: Cocoa Butter, Cocoa Beans, Cocoa Powder & Cake, Cocoa Liquor & Paste, Cocoa Nibs and Others
  • By Source: Inorganic and Organic
  • By Application: Food & Beverages, Dietary Supplements, Personal Care & Cosmetics and Others
  • By Distribution Channel: Direct and Indirect

Countries Covered

 Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Australia
  • Thailand
  • Indonesia
  • Philippines
  • Rest of Asia-Pacific 

Key Market Players

Market Opportunities

• Rising Demand for Organic and Ethically Sourced Cocoa Ingredients

• Expansion of Cocoa Applications in Functional Foods and Personal Care Products

Value Added Data Infosets

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Asia-Pacific Cocoa Products Market Trends

“Rising Preference for Premium and Artisanal Chocolate Products”

• Consumers across Asia-Pacific are increasingly opting for premium and handcrafted chocolate products due to evolving taste preferences

• Growth in disposable income and exposure to Western confectionery culture are driving the demand for high-quality, bean-to-bar chocolates

• Brands are launching origin-specific and ethically sourced cocoa products to cater to the luxury and wellness-focused segments

• Unique flavor innovations such as matcha, sea salt, and fruit-infused chocolates are gaining popularity among urban consumers

For instance, India’s Soklet has introduced single-origin artisanal chocolates targeting health-conscious buyers seeking premium, sustainable options

Asia-Pacific Cocoa Products Market Dynamics

Driver

“Increasing Health Awareness Boosting Demand for Functional Cocoa Products”

• Health-conscious consumers in Asia-Pacific are driving demand for cocoa products rich in flavonoids and antioxidants

• Cocoa is increasingly used in functional foods such as protein bars, shakes, and dietary supplements

• Rising middle-class population and growing wellness trends in countries such as India and China are fuelling demand for dark chocolate and low-sugar variants

• Manufacturers are innovating with clean-label, organic, and high-cocoa-content products to appeal to the health-focused demographic

For instance, In India, Amul launched high-cocoa dark chocolate variants marketed as heart-healthy indulgences, targeting fitness-aware consumers

Restraint/Challenge

“Volatility in Cocoa Prices and Supply Chain Disruptions”

• Global cocoa price fluctuations due to weather issues and political instability impact input costs for Asia-Pacific manufacturers

• Heavy reliance on cocoa imports exposes the region to foreign exchange risks and shipping delays

• Supply chain disruptions, such as port congestion and transportation bottlenecks, create challenges in sourcing raw cocoa ingredients

• Small and medium-sized enterprises (SMEs) struggle to manage price volatility, affecting profitability and competitiveness

For instance, During the COVID-19 pandemic, Japan faced cocoa supply shortages due to disrupted imports and rising international cocoa prices

Asia-Pacific Cocoa Products Market Scope

The market is segmented into five notable segments based on type of cocoa, product type, source, application, and distribution channel.

• By Type of Cocoa

On the basis of type of cocoa, the Asia-Pacific cocoa products market is segmented into Forastero cocoa, Criollo cocoa, and Trinitario cocoa. The Forastero cocoa segment dominated the market with the largest revenue share in 2024, primarily due to its widespread cultivation, high yield, and cost-effectiveness. This type of cocoa is commonly used in mass-market chocolate products and processed goods, making it a preferred choice among commercial manufacturers.

The Criollo cocoa segment is expected to witness the fastest growth rate from 2025 to 2032, driven by increasing demand for premium and single-origin chocolate. Criollo beans are known for their fine flavor profile and are being increasingly adopted by artisanal and gourmet chocolate brands across countries such as Japan and Australia, where consumers are showing greater interest in high-quality, ethically sourced cocoa products.

• By Product Type

On the basis of product type, the market is segmented into cocoa butter, cocoa beans, cocoa powder & cake, cocoa liquor & paste, cocoa nibs, and others. The cocoa powder & cake segment held the largest market revenue share in 2024, driven by its extensive use in bakery, confectionery, and beverage applications. It is widely used by both commercial and household consumers for its affordability and versatility.

The cocoa butter segment is expected to witness the fastest growth rate from 2025 to 2032, owing to rising use in chocolates, cosmetics, and skincare formulations. The growing demand for clean-label and natural beauty products across Asia-Pacific has particularly increased cocoa butter’s relevance in the personal care and cosmetics industry.

• By Source

On the basis of source, the market is segmented into inorganic and organic. The inorganic segment accounted for the highest revenue share in 2024, supported by its established supply chains, cost-efficiency, and availability for large-scale manufacturing needs. Inorganic cocoa products are commonly utilized in high-volume commercial food and beverage processing.

The organic segment is expected to witness the fastest growth rate from 2025 to 2032, driven by increasing health consciousness, rising preference for chemical-free and sustainably sourced ingredients, and the proliferation of organic product offerings across retail channels in India, China, and Australia.

• By Application

On the basis of application, the Asia-Pacific cocoa products market is segmented into food & beverages, dietary supplements, personal care & cosmetics, and others. The food & beverages segment led the market in 2024 with the highest revenue share, attributed to the wide application of cocoa in chocolates, confectionery, dairy products, and ready-to-drink beverages.

The dietary supplements segment is expected to witness the fastest growth rate from 2025 to 2032, propelled by the expanding wellness trend and the increased inclusion of cocoa extracts in functional foods and nutraceuticals. Consumers in urban centers across Japan and South Korea are increasingly opting for cocoa-enriched supplements aimed at improving heart health and mood.

• By Distribution Channel

On the basis of distribution channel, the market is segmented into direct and indirect. The indirect segment dominated the market in 2024, backed by the growing reach of supermarkets, hypermarkets, convenience stores, and online platforms. The increasing popularity of e-commerce platforms and food delivery apps in Asia-Pacific has made cocoa-based products more accessible to consumers.

The direct segment is expected to witness the fastest growth rate from 2025 to 2032, particularly among business-to-business buyers, including food manufacturers and cosmetic companies sourcing cocoa ingredients directly from processors and certified cocoa cooperatives for greater quality control and traceability.

Asia-Pacific Cocoa Products Market Regional Analysis

  • The China cocoa products market accounted for the largest revenue share in Asia-Pacific in 2024, supported by strong demand for chocolate-based snacks, bakery items, and beverages
  • China’s rising middle class, coupled with increasing exposure to Western-style confectionery, is contributing to the surge in cocoa-based consumption
  • In addition, the expansion of foodservice chains, convenience stores, and online retail platforms is further boosting product accessibility
  • The market also benefits from domestic processing and favorable trade partnerships with major cocoa-producing countries

Japan Cocoa Products Market Insight

The Japan cocoa products market is expected to witness the fastest growth rate from 2025 to 2032, driven by rising interest in health-focused cocoa products and artisanal chocolates. Japanese consumers show a preference for high-quality, ethically sourced cocoa ingredients, particularly in functional food, beauty supplements, and skincare applications. Local and international brands are introducing low-sugar, high-cocoa content offerings to appeal to the country’s aging and health-conscious demographic. The integration of cocoa in wellness and cosmetic segments is creating new growth avenues in the market.

Asia-Pacific Cocoa Products Market Share

The Asia-Pacific Cocoa Products industry is primarily led by well-established companies, including:

  • Olam International (Singapore)
  • Jindal Cocoa (India)
  • Kuruvilla & Sons (India)
  • JBCOCOA Sdn. Bhd. (Malaysia)
  • Guan Chong Berhad (Malaysia)
  • Indcresa Asia Pacific (Singapore)
  • Daintree Estates (Australia)
  • Mason Chocolate (Australia)
  • Eastern Cocoa (Malaysia)
  • PT Asia Cocoa Indonesia (Indonesia)

Latest Developments in Global Asia-Pacific Cocoa Products Market

  • In May 2020, Barry Callebaut announced the acquisition of GKC Foods in Australia as part of its strategic expansion. This acquisition aimed to establish a local manufacturing presence to produce a dedicated chocolate line in the region. The development is expected to enhance the company’s production capacity and streamline supply to regional customers. By localizing operations, Barry Callebaut can respond more efficiently to market demand and reduce import reliance. This move strengthens its footprint in Asia-Pacific and contributes to the growth of the regional cocoa products market.


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Asia Pacific Cocoa Products Market, Supply Chain Analysis and Ecosystem Framework

To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Asia Pacific Cocoa Products Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Asia Pacific Cocoa Products Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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