Asia's chocolate market is booming and numerous players are jostling for a share of the growing pie. Using Lin Worldwide's proprietary database, we screened thousands of companies to highlight a few names and their recent developments.
Chocolate imports have doubled by volume and value over the past decade. Significant potential for chocolate consumption to grow however localization is crucial.
Chocolate imports have grown at mid single digit CAGR over the past decade. With per capita chocolate consumption at a very low level in India, there is plenty of room for growth.
India's candle imports more than doubled over the past decade. Opportunities include naturally scented candles, as well as gifting opportunities.
Growing awareness of Ceylon cinnamon's therapeutic benefits, particularly over its cheaper cousin cassia, is spurring demand worldwide.