Pune, India /press release/ According to Market Research Future (MRFR), the global durian chocolate market is expected to reach a market valuation of USD 654.5 million by 2023. The market is presumed to expand at a CAGR of 5.14% during the forecast period (2018-2023), backed by a number of positive factors.
Durian chocolate is an emerging type of chocolate with durian flavored fillings. The unique flavor of Durian, a southeast Asian fruit with a potent, pungent smell, is sweet, savory, creamy and mildly acidic at the same time. Due to the scent and flavor, durian has niche popularity among consumers for its exoticness, leading to market growth for durian chocolate during the forecast period. Additionally, the application of durian chocolate in the baking industry for cookies and pastries, are expected to contribute moderately to market growth over the assessment period.
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The global durian chocolate market has been segmented on the basis of type, and distribution channel.
Based on the type, the market for durian chocolate has been segmented into dark chocolate durian with crunchy pearl 65% dark chocolate durian praline, and 80% dark chocolate durian praline.
Based on the distribution channel, the global market for durian chocolates has been segmented into offline and online. The offline segment has been sub-segmented into brick-and-mortar stores, and branded retail stores, and the online segment has been further segmented into e-commerce.
Based on the region, the global durian chocolate market is segmented into North America, Europe, Asia Pacific, and the rest of the world.
The Asia Pacific accounts for the largest market share in the global market for durian chocolate and is expected to sustain the leading market share over the forecast period. This is attributable to the high durian production and the presence of several manufacturers of durian chocolate in southeast Asian countries such as Indonesia, Malaysia, and Thailand.
North America is one of the significant regions in the global durian chocolate market and is expected to grow as a substantial contributor to the market over the forecast period. The increasing purchasing power of consumers, globalization, and changing trends in the food industry are influential factors for the market growth of durian chocolate in this region.
Europe is a strong market for durian chocolates and is projected to grow up to a considerable valuation over the forecast period at a steady CAGR. The market in European countries such as Italy, France, Germany, among others, is due to the popularity of exotic flavor and dark chocolate among consumers.
In the rest of the world, Latin America and the Middle East are emerging markets for durian chocolates, owing to the increasing acceptance of durian-based products in the regions. The Middle East is poised to grow at a robust CAGR over the forecast period, due to the Asian population in countries such as the United Arab Emirates (UAE), Kuwait, and others.
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The key players identified in the global durian chocolate market are Azaib Holdings Sdn. Bhd. (Malaysia), Benns Chocolate (Malaysia), Beryl’s Chocolate & Chocolate Monggo (Indonesia), Cocoa Boutique (Malaysia), Confectionery Sdn. Bhd. (Malaysia), DaianaChocolate (U.S.), Harriston (New Zealand), MK Durian Harvests Sdn. Bhd. (Malaysia), Naturkostbar AG (Switzerland), and Sunshine Kingdom Sdn. Bhd. (Malaysia).
In April 2019, Malaysia planned on expanding their durian market to China and beat Thailand, which was the leading exporter of Durian in China. Malaysia conducted a durian festival in Beijing to promote the fruit and its end-products, such as durian chocolate. This is expected to create substantial growth in the durian chocolate market in the Asia Pacific.
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