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The global market for durian chocolate has been growing, and it's expected to keep growing. By the year 2023, it's predicted to reach a value of USD 654.5 Million, with a growth rate of 5.14%. This market has seen new products coming out, thanks to innovations and efforts by various companies.
In the forecast period from 2018 to 2023, Asia-Pacific is expected to be the region with the highest market share, reaching USD 433.4 Million by the end of 2023. However, Europe is also expected to see significant growth at a rate of 6.09%.
When it comes to the quantity of durian chocolate, the global market is projected to reach 12,924.3 tons by 2023, growing at a rate of 2.56%. Again, Asia-Pacific is leading in terms of market proportion, expected to reach 8,658.6 tons by the end of 2023, with Europe showing substantial growth at a rate of 3.48%.
Looking at specific types of durian chocolate, the 65% dark chocolate durian praline segment is expected to dominate the market in terms of value, reaching USD 327.8 Million by the end of 2023. On the other hand, the dark chocolate durian with crunchy cereals praline segment is predicted to grow significantly at a rate of 5.52%.
In terms of quantity for these segments, the 65% dark chocolate durian praline segment is anticipated to reach 6,473.1 tons by the end of 2023, while the dark chocolate durian with crunchy cereals praline segment is projected to grow at a rate of 2.92%.
When it comes to where people buy durian chocolate, the offline-sale segment is expected to have the majority of the market share in terms of value, reaching USD 458.3 Million by the end of 2023. However, online sales are projected to grow substantially at a rate of 5.51%. In terms of quantity, the offline-sale segment is anticipated to reach 9,254.2 tons by the end of 2023, while the online-sale segment is expected to grow at a rate of 2.93%.
In simple terms, the market for durian chocolate is growing, and Asia-Pacific is a big player in both the value and quantity of durian chocolate sold. Different types of durian chocolate, like the 65% dark chocolate durian praline and the dark chocolate durian with crunchy cereals praline, are becoming popular. People still mostly buy durian chocolate offline, but online sales are expected to grow.
Durian Chocolate Market Highlights:
Durian Chocolate Market Overview
The durian chocolate market is touted to touch a valuation of USD 658 million by 2022, as per the latest findings of Market Research Future (MRFR). It is expected to reach this benchmark by expanding at an 8.64% CAGR over the forecast period (2023-2032). Main market drivers include demand for durian and its respective end-products and its demand in medicines. High consumption rate of durian chocolate is expected to propel its market volume to touch 1,463.23 tons by 2032. The market’s growth trajectory is on an ascending path thanks to various government drives highlighting the benefits of the durian fruit. Durian chocolate is a unique flavor of chocolate that has gained prominence owing to the inclusion of durian, a foul-smelling fruit with origins in Indonesia and Southeast Asia. The fondness for bakery items such as pastries, cookies, candies, chocolates, and others has led to its wide availability of durian in processed form. In addition, notoriety of the fruit has appealed to chocolate lovers and has gained a niche in the chocolate industry.
Durian Chocolate Market Segmentation Analysis
By type, the durian chocolate market can be segmented into 65% dark chocolate durian praline, 80% dark chocolate durian praline, and dark chocolate durian with crunchy pearls. Most of these types contain different ratios of dark chocolate with durian. Distribution channels used for disbursement of durian chocolate to consumers include offline and online. Offline channels include brick-and-mortar stores and branded retail outlets, while online channels include e-commerce.
Durian Chocolate Market Regional Analysis
Region-wise, the durian chocolate market covers trends and opportunities across North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW). Indulgence of dark chocolate among consumers has convinced confectionery and candy manufacturers to venture into unknown territories to provide novel tastes. Among the regions, APAC is expected to dominate the market owing to the region with a surplus of the main component, durian. In addition, lax export regulations is likely to boost the global market demand by 2023.
Competitive Analysis
Prominent players profiled in the durian chocolate market are Benns Chocolate (Malaysia), Harriston (New Zealand), Chocolate Monggo (Indonesia), Naturkostbar AG (Switzerland), Azaib Holdings Sdn. Bhd. (Malaysia), MK Durian Harvests Sdn. Bhd. (Malaysia), Beryl's Chocolate & Confectionery Sdn. Bhd. (Malaysia), DaianaChocolate (U.S.), Cocoa Boutique (Malaysia), and Sunshine Kingdom Sdn. Bhd. (Malaysia).
Research Methodology
Analysts at Market Research Future (MRFR) have used the data available globally to curate and compile first-class reports. With a combination of primary and secondary research, analysts tend to forecast the trajectory of markets based on various factors. The historical trends form a base for predicting future trends and forming hypotheses. Primary research comprises interviews with top-level executives and decision makers which provides keen insights on the market. Secondary research entails the collection of relevant data related to key players, segments, and regions. The information is verified via credible sources published online and offline.
Analysis Period
- Base Year: 2022
- Projection Period: 2023–2032
- Market Valuation: USD Million
- Market Volume: Tons
Type
- 65% Dark Chocolate Durian Praline
- 80% Dark Chocolate Durian Praline
- Dark Chocolate Durian with Crunchy Pearls Praline
Distribution Channel
- Offline Sale
- Online Sale
Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The U.K.
- Italy
- Spain
- France
- Germany
- Rest of Europe
- Asia Pacific (APAC)
- China
- Japan
- India
- Australia & New Zealand
- Rest of Asia Pacific
- Rest-of-the-World
- The Middle East
- South America
- Africa
Intended Audience:
- Chocolate Manufacturers
- Confectionery Product Manufacturers
- Raw Material Suppliers
- Distributors, Retailers, and Wholesalers
- E-commerce Industry
- Traders, Importers, and Exporters
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