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Durian Chocolate Market Growth Projections and Opportunities
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:
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