Indonesia Chocolate Market (2023-2029) | Size, Share, Trends, Growth, Revenue, Analysis, Forecast, industry & Outlook

Market Forecast By Product Types(Milk Chocolate, White Chocolate, Dark Chocolate), By Distribution Channels(Supermarkets/ Hypermarkets, Grocery/ Mom n Pop Stores, Convenience Stores, Online Channel, Others(Specialized Retailers, Pharmacy, etc.)), By Chocolate Types(Count lines & Straight lines, Molded or Bar Chocolates, Choco-panned & Sugar panned, Others (Box chocolates, novelties, etc.))and Competitive Landscape

Product Code: ETC001763 Publication Date: Feb 2023 Updated Date: May 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 8 No. of Tables: 2

Indonesia Chocolate Market Competition 2023

Indonesia Chocolate market currently, in 2023, has witnessed an HHI of 1701, Which has decreased slightly as compared to the HHI of 2059 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

Indonesia Chocolate Market Competition 2023

Indonesia Export Potential Assessment For Chocolate Market (Values in USD Thousand)


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Indonesia Chocolate Market Synopsis

Indonesia chocolate market report comprehensively covers the market by product types, distribution channels, and chocolate types. The Indonesia chocolate market outlook report provides an unbiased and detailed analysis of the Indonesia chocolate market trends, Indonesia chocolate market share, opportunities, high growth areas, and market drivers which would help the stakeholders device and align their market strategies according to the current and future market dynamics.

Indonesia chocolate market is expected to witness exponential growth over the coming years due to an increase in the consumption of chocolate among various age groups. Moreover, the rapid expansion of grocery stores in rural areas has been advantageous for the distribution of chocolate products evenly in the less-tapped areas of Indonesia.

According to 6Wresearch, the Indonesia Chocolate Market size is projected to grow at a CAGR of 6.3% during 2023–2029. Indonesia has always been considered a country that heavily exports cocoa beans to other countries, however, recently investors have seen huge potential in the pristine chocolate market of Indonesia. Additionally, the growing middle class’s income and changing consumer behaviour are some of the key factors driving the growth of the chocolate market in Indonesia. Slowly and steadily, price sensitivity is decreasing while purchasing chocolate as nowadays most consumers prefer quality and taste over price. Surging disposable income coupled with rising health consciousness is driving the Indonesia Chocolate Market Growth. Additionally, surging disposable income and demand for high-quality and premium flavours in chocolate is also one of key factors adding to the development of the market.

Leading players in the Indonesia Chocolate Market

The Indonesia chocolate industry is highly competitive with the presence of major players vying for market share. Some of them includes;

  •  Mondelez Indonesia
  • PT Campina Ice Cream Industry Tbk
  • GarudaFood
  •  Nestlé Indonesia
  • Mayora Indah Tbk

The impact of COVID-19 on the Indonesia Chocolate Market

The COVID-19 pandemic has had a major impact on the chocolate market in Indonesia. In the initial stages of the pandemic, there was a decline in sales due to lockdowns and disruptions in supply chains. On the other hand, many consumers adopted comfort foods like chocolate during hard times and e-commerce sales experienced a significant increase as people shifted towards online shopping.

Schemes and policies implemented by the government in the Indonesia Chocolate Market

The government has implemented various policies and schemes to promote the food and beverage industry of Indonesia. Some of these policies include incentives for food manufacturers and regulations related to food safety and labeling. Some other initiatives include:

  • Import Regulations: The government has implemented various import regulations on cocoa and chocolate products to protect the domestic industry. These regulations are designed to promote the use of domestic cocoa in the cocoa and chocolate sector.
  • Export Promotion: The government has also been working to promote chocolate products of the country in international markets.
  • Quality Standards and Certification: The government has been involved in setting quality standards for chocolate products. These standards are in line with international norms and help ensure the quality of products in the market.
  • Tax Incentives: There have been tax incentives offered to encourage investment in the chocolate industry to attract both domestic and foreign investors.

Market Analysis by Product Type

Milk chocolate segment captured the majority of the market share due to the liking of Indonesians towards sugary chocolates, however, dark chocolate is a niche market that is projected to grow in the future owing to its health benefits. Count lines and self-lines are the most prominent chocolate types as they are light to eat and work as the best go-to snack.

Key Attractiveness of the Report

  • 10 Years of Market Numbers.
  • Historical Data Starting from 2019 to 2022.
  • Base Year: 2022
  • Forecast Data until 2029.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects

Key Highlights of the Report:

  • Mexico Chocolate Outlook
  • Market Size of Mexico Chocolate market , 2022
  • Forecast of Mexico Chocolate market , 2029
  • Historical Data and Forecast of Mexico Chocolate Revenues & Volume for the Period 2019-2029
  • Mexico Chocolate  Trend Evolution
  • Mexico Chocolate  Drivers and Challenges
  • Mexico Chocolate Price Trends
  • Mexico Chocolate  Porter's Five Forces
  • Mexico Chocolate  Industry Life Cycle
  • Historical Data and Forecast of Mexico Chocolate Revenues & Volume By Product Types for the Period 2019-2029
  • Historical Data and Forecast of Mexico Chocolate Revenues & Volume By Milk Chocolate for the Period 2019-2029
  • Historical Data and Forecast of Mexico Chocolate Revenues & Volume By White Chocolate for the Period 2019-2029
  • Historical Data and Forecast of Mexico Chocolate Revenues & Volume By Dark Chocolate for the Period 2019-2029
  • Historical Data and Forecast of Mexico Chocolate Revenues & Volume By Distribution Channels for the Period 2019-2029
  • Historical Data and Forecast of Mexico Chocolate Revenues & Volume By  Supermarkets for the Period 2019-2029
  • Historical Data and Forecast of Mexico Chocolate Revenues & Volume By Hypermarkets for the Period 2019-2029
  • Historical Data and Forecast of Mexico Chocolate Revenues & Volume By Grocery/ Mom N Pop Stores for the Period 2019-2029
  • Historical Data and Forecast of Mexico Chocolate Revenues & Volume By Convenience Stores for the Period 2019-2029
  • Historical Data and Forecast of Mexico Chocolate Revenues & Volume By Online Channel for the Period 2019-2029 
  • Historical Data and Forecast of Mexico Chocolate Revenues & Volume By Others (Specialized Retailers) for the Period 2019-2029
  • Historical Data and Forecast of Mexico Chocolate Revenues & Volume By Pharmacy, Etc. for the Period 2019-2029
  • Historical Data and Forecast of Mexico Chocolate Revenues & Volume By Chocolates Types for the Period 2019-2029
  • Historical Data and Forecast of Mexico Chocolate Revenues & Volume By Count Lines & Straight Lines for the Period 2019-2029
  • Historical Data and Forecast of Mexico Chocolate Revenues & Volume Molded Or Bar Chocolates for the Period 2019-2029
  • Historical Data and Forecast of Mexico Chocolate Revenues & Volume Historical Data and Forecast of Mexico Chocolate Revenues & Volume Choco-Panned & Sugar Panned for the Period 2019-2029
  • Historical Data and Forecast of Mexico Chocolate Revenues & Volume Others (Box Chocolates, Novelties, Etc. ) for the Period 2019-2029
  • Mexico Chocolate Import Export Trade Statistics
  • Market Opportunity Assessment By Product Types
  • Market Opportunity Assessment By Production Channel
  • Market Opportunity Assessment By Chocolate  Types
  • Mexico Chocolate Top Companies Market Share
  • Mexico Chocolate Competitive Benchmarking By Product Types , Distribution  and Chocolates Types
  • Mexico Chocolate Company Profiles
  • Mexico Chocolate Key Strategic Recommendations

Markets Covered

The Indonesia chocolate market report provides a detailed analysis of the following market segments:

By Product Types

  • Milk Chocolate
  • White Chocolate
  • Dark Chocolate

By Distribution Channels

  • Supermarkets/ Hypermarkets
  • Grocery/Mom-n-Pop Stores
  • Convenience Stores
  • Online Channel
  • Others (Specialized Retailers, Pharmacy, etc.)

By Chocolate Types

  • Count lines & Straight lines
  • Molded or Bar Chocolates
  • Choco-panned & Sugar panned
  • Others (Box chocolates, novelties, etc.)
Indonesia Chocolate Market: FAQs
Rising disposable income, the growing tourism industry, and the expansion of e-commerce platforms are the major growth factors for the market.
The high cost of premium chocolates is a major restraint in the market as consumers may not be willing to spend a large amount on these products. Additionally, consumers are becoming more conscious of the health risks associated with the high sugar content of chocolates, which negatively impacts the market.
The growing tourism industry is boosting the demand for premium chocolates.
The market is facing intense competition from other confectionery products such as candies, gummies, and lollipops.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of The Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Indonesia Chocolate Market Overview
3.1 Indonesia Country Indicators
3.2 Indonesia Chocolate Market Revenues, 2019-2029F
3.3 Indonesia Chocolate Market Revenue Share, By Product Types, 2022 & 2029F
3.4 Indonesia Chocolate Market Revenue Share, By Distribution Channels, 2022 & 2029F
3.5 Indonesia Chocolate Market Revenue Share, By Chocolate Types, 2022 & 2029F
3.6 Indonesia Chocolate Market-Industrial Life Cycle
3.7 Indonesia Chocolate Market-Porter’s Five Force Model
4. Indonesia Chocolate Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. Indonesia Chocolate Market Trends
6. Indonesia Chocolate Market Overview, By Product Types
6.1 Indonesia Milk Chocolate Market Revenues, 2019-2029F
6.2 Indonesia White Chocolate Market Revenues, 2019-2029F
6.3 Indonesia Dark Chocolate Market Revenues, 2019-2029F
7. Indonesia Chocolate Market Overview, By Distribution Channels
7.1 Indonesia Chocolate Market Revenues, By Supermarkets/ Hypermarkets, 2019-2029F
7.2 Indonesia Chocolate Market Revenues, By Grocery/ Mom n Pop Stores, 2019-2029F
7.3 Indonesia Chocolate Market Revenues, By Convenience Stores, 2019-2029F
7.4 Indonesia Chocolate Market Revenues, By Online Channel, 2019-2029F
7.5 Indonesia Chocolate Market Revenues, By Other Distribution Channels, 2019-2029F
8. Indonesia Chocolate Market Overview, By Chocolate Types
8.1 Indonesia Chocolate Market Revenues, By Count lines & Straight-lines, 2019-2029F
8.2 Indonesia Chocolate Market Revenues, By Moulded or Bar, 2019-2029F
8.3 Indonesia Chocolate Market Revenues, By Choco-Panned & Sugar Panned, 2019-2029F
8.4 Indonesia Chocolate Market Revenues, By Other Chocolate Types, 2019-2029F
9.  Indonesia Chocolate Market – Key Performance Indicators
10. Indonesia Chocolate Market – Opportunity Assessment
10.1 Indonesia Chocolate Market Opportunity Assessment, By Distribution Channels, 2029F
10.2 Indonesia Chocolate Market Opportunity Assessment, By Chocolate Types, 2029F
10.3  Indonesia Chocolate Market Opportunity Assessment, By Product Types, 2029F
11. Indonesia Chocolate Market Competitive Landscape
11.1 Indonesia Chocolate Market Competitive landscape, By Technical and Operating Parameters
11.2 Indonesia Chocolate Market Revenue Share, By Company, 2022
12. Company Profiles
12.1 Mondelez International, Inc.
12.2 Mars, Incorporated
12.3 Nestle Corporate
12.4 Ferrero Group Corporate
12.5  The Hershey Company
12.6 Chocoladefabriken Lindt & Sprüngli
12.7 Ghirardelli Chocolate Co.
12.8 Yildiz Holding
12.9 Groupo Arcor
12.10 Rittersport Company
13. Key Strategic Recommendations
14. Disclaimer
LIST OF FIGURES
Figure 1. Indonesia Chocolate Market Revenues, 2019-2029F ($ Million)
Figure 2. Indonesia Chocolate Market Revenue Share, By Product Types, 2022 & 2029F
Figure 3. Indonesia Chocolate Market Revenue Share, By Distribution Channels, 2022 & 2029F
Figure 4. Indonesia Chocolate Market Revenues, By Distribution Channels, 2019-2029F ($ Million)
Figure 5. Indonesia Chocolate Market Revenue Share, By Chocolate Types, 2022 & 2029F
Figure 6. Indonesia Chocolate Market Opportunity Assessment, By Distribution Channels, 2029F
Figure 7. Indonesia Chocolate Market Opportunity Assessment, By Chocolate Types, 2029F
Figure 8. Indonesia Chocolate Market Opportunity Assessment, By Product Types, 2029F
LIST OF TABLES
Table 1. Indonesia Chocolate Market Revenues, By Product Types, 2019-2029F ($ Million)
Table 2. Indonesia Chocolate Market Revenues, By Chocolate Types, 2019-2029F ($ Million)
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