Market Research Future (Food and Beverages) Durian Chocolate Market Research Report | Page 3

Durian Chocolate Market Research Report - Forecast to 2023 2 Market Overview The 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 analyzed in detail coupled with new formulations under development by chocolate manufacturers with durian at the center. The Durian Chocolate Market is set to boom due to the odd combination of the repugnant durian and rich taste of chocolate. The infamy of durian appealing to consumer tastes is likely to bode well for the market growth. Unique flavor of durian coupled with demand for end-use products is predicted to drive the market volume to 12,924.3 tons over the forecast period. The increasing demand for the fruit in Asia Pacific countries owing to its medicinal value is expected to hike the market growth. Its antioxidant properties coupled with fiber and vitamin-rich content in chocolates is projected to augur well for the durian chocolate demand till 2023. But the unpleasant odor emitted by the fruit has led to its restriction in public planes and can be detrimental to market growth. Regional Analysis: Geographical analysis of the global durian chocolate market 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. Page | 3 Copyright © 2017 Market Research Future.