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The China chocolate market size reached approximately USD 3.99 billion in 2023. The market is assessed to grow at a CAGR of 4.7% between 2024 and 2032 to attain a value of around USD 6.04 billion by 2032.
Chocolate refers to a type of food product that is made from the tropical cacao tree. It is one of the most popular food products and is known for stimulating taste buds, soothing the mind, and improving brain function. It is also used in the manufacturing of different food products such as cookies, desserts, candies, ice cream, and sweets, among others.
Moreover, the increasing demand for high-end chocolates that are characterised by exceptional quality, innovative packaging, and exquisite craftsmanship and made from high-quality ingredients for use on special occasions is also fuelling the market.
Besides, the introduction of stringent initiatives by the Chinese government aimed at promoting sustainability and encouraging a circular economy are prompting key players to utilise recyclable and eco-friendly packaging materials. For instance, in February 2023, Mars Wrigley China launched a 216g canister lid of CXM made from 100% rPET via a local chocolate brand, Cui Xiang Mi (CXM) and aimed to adopt rPET lid in its other brands and save 300 tons of virgin plastics.
Based on type, the China chocolate market segmentation includes dark chocolate, milk chocolate, and white chocolate. By product type, the market is bifurcated into pure chocolate and compound chocolate.
The market, based on distribution channel, is divided into supermarkets and hypermarkets, convenience stores, and online stores, among others. The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
The report gives a detailed analysis of the following key players in the China chocolate market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
Dark chocolate accounts for a substantial portion of the China chocolate market share. Chinese customers perceive dark chocolate as a healthy snacking option as compared to milk and white chocolates. The consumption of dark chocolate is known to increase energy levels, alleviate fatigue, improve gastrointestinal functions, regulate blood pressure, and provide emotional control.
The increasing launch of sugar-free dark chocolates by key players in the country is also propelling the segment’s growth. In addition, the incorporation of functional ingredients such as antioxidants in dark chocolate is further fuelling the market expansion.
As per the China chocolate market analysis, rapid digitalisation, high smartphone adoption, and increasing internet usage in China are bolstering the demand for chocolate from online stores. Key domestic e-commerce channels such as Alibaba, Tencent, and Pinduoduo, among others, offer attractive discounts, especially on shopping holidays like Chinese New Year, Single’s Day, and Valentine’s Day, further surging sales of chocolates.
The rising availability of imported and high-end chocolates on online platforms is also propelling the segment’s growth. Besides, key chocolate brands are developing their own Mandarin website that can enhance their reach among the tech-savvy population while boosting brand awareness.
Mars Inc., established in 1911, is one of the pioneers in the food and beverage sector. It is also one of the leading manufacturers of chocolate in the world, owning brands like SNICKERS®, Skittles®, and M&M’S®, among others. Its products are marketed and sold in around 180 countries, and it aims to drive innovations and transformations that can positively impact the world in the future.
Ferrero International S.A. has established its position as one of the largest chocolate confectionery companies. It was founded in 1946 in Alba, Italy, and since has expanded its position in over 50 countries. With 31 manufacturing plants in the world, its products are available and sold in over 170 countries. Some of its iconic brands are Ferrero Rocher®, Kinder Joy®, Nutella®, and Kinder Bueno®.
Mondelez International, Inc. is a prominent snack company that is headquartered in Illinois, the United States. The company also holds a leading position in different sectors like chocolate, biscuits, baked snacks, and powdered beverages, among others. Some of its popular brands include Toblerone, Cadbury Dairy Milk, Oreo, Clif Bar, and Ritz.
Other China chocolate market players include Nestle S.A., Perfetti Van Melle Group B.V., Hershey Company, Dongguan Xuji Food Co., Ltd., Jiangsu Liangfeng Group, Nu Company, and Huadong Cocoa Food (Xinghua) Co., Ltd., among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Product Type |
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Breakup by Distribution Channel |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Chocolate Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Chocolate Historical Market (2018-2023)
8.3 Asia Pacific Chocolate Market Forecast (2024-2032)
8.4 Asia Pacific Chocolate Market Breakup by Country
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 ASEAN
8.4.5 Australia
8.4.6 Others
9 China Chocolate Market Overview
9.1 Key Industry Highlights
9.2 China Chocolate Historical Market (2018-2023)
9.3 China Chocolate Market Forecast (2024-2032)
10 China Chocolate Market by Type
10.1 Dark Chocolate
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Milk Chocolate
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 White Chocolate
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 China Chocolate Market by Product Type
11.1 Pure Chocolate
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Compound Chocolate
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 China Chocolate Market by Distribution Channel
12.1 Supermarkets and Hypermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Convenience Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Online Stores
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Value Chain Analysis
15 Trade Data Analysis (HS Code –1806)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Mondelez International, Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Mars Inc.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Ferrero International S.A.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Nestle S.A.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Perfetti Van Melle Group B.V.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Hershey Company
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Dongguan Xuji Food Co., Ltd.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Jiangsu Liangfeng Group
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Nu Company
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Huadong Cocoa Food (Xinghua) Co., Ltd.
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Chocolate Market: Key Industry Highlights, 2018 and 2032
2. China Chocolate Market: Key Industry Highlights, 2018 and 2032
3. China Chocolate Historical Market: Breakup by Type (USD Billion), 2018-2023
4. China Chocolate Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. China Chocolate Historical Market: Breakup by Product Type (USD Billion), 2018-2023
6. China Chocolate Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
7. China Chocolate Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. China Chocolate Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. China Chocolate Market Structure
In 2023, the market attained a value of nearly USD 3.99 billion.
The market is assessed to grow at a CAGR of 4.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 6.04 billion by 2032.
The major market drivers are the rising use of chocolates in local foods and the growing consumption of dark chocolate.
The key trends fuelling the market growth are the growing focus on sustainability, the increasing demand for healthy chocolates, and the robust growth of the e-commerce sector.
Dark chocolate, milk chocolate, and white chocolate are the different types of chocolate.
The various distribution channels of the market are supermarkets and hypermarkets, convenience stores, and online stores, among others.
The major players in the market are Mondelez International, Inc., Mars Inc., Ferrero International S.A., Nestle S.A., Perfetti Van Melle Group B.V., Hershey Company, Dongguan Xuji Food Co., Ltd., Jiangsu Liangfeng Group, Nu Company, and Huadong Cocoa Food (Xinghua) Co., Ltd., among others.
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