Durian Chocolate Market Sales | Size, Share, Gross Margin, Industry Consumption, Top Key Players
Research Reports
Jan 08, 2021
Market Insight
Global Durian Chocolate Market is expected to rise and touch a valuation of USD 654.5 million by 2023 with a 5.14% CAGR during the forecast period (2018-2023). Market Research Future (MRFR) in their report has incorporated factors responsible for the popularity of the durian fruit. The various segments are analysed in detail coupled with new formulations under development by chocolate manufacturers with durian at the centre.
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Key Players
Eminent players to influence the Durian Chocolate Industry Report are Beryl’s Chocolate & Confectionery SDN. Bhd. (Malaysia), Chocolate MONGGO (Indonesia), Sunshine Kingdom SDN. Bhd. (Malaysia), MK Durian Harvests SDN. Bhd. (Malaysia), AZAIB Holdings SDN. Bhd. (Malaysia), NATURKOSTBAR AG (Switzerland), HARRISTON (New Zealand), DAIANACHOCOLATE (U.S.), Cocoa Boutique (Malaysia) and BENNS Chocolate (Malaysia)
Mergers, acquisitions, and new product launches are prime strategies of these players to sustain their position in the global market. Creating a strong distribution network in order to distribute the main product to the masses is likely to be incorporated into the core strategies of companies.
Segmentation
Global Durian Chocolate Market is segmented by type and distribution channel. Based on the type, the durian chocolate market consists of 65% dark chocolate durian praline, 80% dark chocolate durian praline, and dark chocolate with crunchy pearls praline. Among them, 65% dark chocolate durian praline had 50.64% share, 80% dark chocolate durian praline (35.19%), and dark chocolate with crunchy pearls (14.17%) in 2018.
The 65% segment is projected to experience 4.91% CAGR and touch a value of 327.8 million by 2023. It can create a demand for 6,473.1 tons by 2023. It will continue to retain the dominant position in the durian chocolate market owing to rich blends of 65% dark chocolate and durian flavor. On the other hand, the 80% segment can reach a worth of USD 232.3 million by 2023 at a CAGR of 5.32% over the forecast period. This segment can accumulate a volume of 4,589.3 tons by 2023 at 2.73% CAGR during the assessment period.
Regional Analysis
Geographical analysis of the Global Durian Chocolate Industry includes North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
Within the market, regions such as APAC (67.21%), North America (16.51%), Europe (13.55%), and RoW (2.73%) occupied the specified market shares respectively in 2018. The APAC durian chocolate market is predicted to be the dominating region and touted to generate close to USD 433.4 million by 2023. This can be attributed to major durian-producing countries such as Thailand, Malaysia, and Indonesia. High demand for durian and durian-based products is likely to boost regional sales. In addition, arrangement of durian festivals to create awareness among consumers can bode well for the total revenue of the durian chocolate market.
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