Top companies covered in Asia Pacific cocoa and chocolate market are Nestle S.A. – (Vevey, Switzerland), Cargill, Incorporated – (Minnesota, U.S.), Olam International – (Singapore), Barry Callebaut AG – (Zürich, Switzerland), Fuji Oil Company, Ltd. – (Osaka, Japan), ECOM Agroindustrial Corporation Ltd. – (Pully, Switzerland), Touton S.A. – (Bordeaux, France), B D Associates Ghana Ltd – (Tema, Ghana), PLOT Enterprise Ghana Limited – (Takoradi, Ghana), Niche Cocoa Industry, Ltd. (Tema, Ghana), Indcre S.A. – (Barcelona, Spain), and more players profiledPune, Nov. 15, 2020 (GLOBE NEWSWIRE) — The Asia Pacific cocoa and chocolate market size is expected to gain momentum by reaching USD 8,892.57 million by 2027. This is attributable to the growing purchase capacity of the consumers that propel the demand for exotic cocoa and chocolate products. Fortune Business Insights, in its latest report, titled, “Asia Pacific Cocoa and Chocolate Market Size, Share & COVID-19 Impact Analysis, By Type (Cocoa and Chocolate), Application (Food and Beverage, Cosmetics, Pharmaceuticals, and Others), and Country Forecast, 2020-2027.”, mentions that the market stood at USD 6,019.15 million in 2019 and is likely to exhibit a CAGR of 5.42% between 2020 and 2027. Price Fluctuations amid COVID-19 to Hamper Growth ProspectsThe global pandemic has resulted in a complete shutdown of supply chains across several industries. The chocolate and cocoa industry is further experiencing a remarkable reduction in the sales of products. Owing to lockdown, the restricted movement of people has led to a negative impact on the market. This is expected to hamper the market growth shortly. Get Sample PDF Brochure with Impact of COVID19:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/asia-pacific-cocoa-and-chocolate-market-104205 List of the Leading Companies Profiled in the Global Asia Pacific Cocoa and Chocolate Market are: * Nestle S.A. – (Vevey, Switzerland) * Cargill, Incorporated – (Minnesota, U.S.) * Olam International – (Singapore) * Barry Callebaut AG – (Zürich, Switzerland) * Fuji Oil Company, Ltd. – (Osaka, Japan) * ECOM Agroindustrial Corporation Ltd. – (Pully, Switzerland) * Touton S.A. – (Bordeaux, France) * B D Associates Ghana Ltd – (Tema, Ghana) * PLOT Enterprise Ghana Limited – (Takoradi, Ghana) * Niche Cocoa Industry, Ltd. (Tema, Ghana) * Indcre S.A. – (Barcelona, Spain) Asia Pacific cocoa and chocolate products are gaining popularity owing to the growing indulgence in exotic flavors and fillings. In addition to this, the increasing consumption for low-fat and sugar-free chocolates is propelling the manufacturers to produce high-quality cocoa plantations in Asia Pacific. What does the Report Include?The market report includes a detailed assessment of various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several research methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market strongholds between 2020 and 2027. DRIVING FACTORSIncreasing Consumer Spending Power to Augment Market GrowthAccording to the data by Forbes, there are around 778 billionaires in Asia Pacific as of 2020. In addition to this, about 38% of the global super-rich reside in the region, the most when compared to other regions. The presence of high net-worth individuals (HNWI), along with the increasing spending capacity of the consumers, is leading to the surging demand for Asia Pacific cocoa and chocolate confectionery. In addition to this, the growing consumption of chocolate products owing to its beneficial properties is expected to contribute to the growth of the Asia Pacific cocoa and chocolate market in the forthcoming years. Inquire Before Buying This Research Report:https://www.fortunebusinessinsights.com/enquiry/queries/asia-pacific-cocoa-and-chocolate-market-104205 SEGMENTATIONCocoa Segment Held 38.76% Market Share in 2019The cocoa segment, based on type, held a market share of about 38.76% in 2019 and is projected to showcase an exponential growth owing to the surging demand for dark chocolates that have less sugar and fat content. COUNTRY INSIGHTSIncreasing Demand for Exotic Chocolate Flavors in Southeast Asia to Aid GrowthAmong all the countries, Southeast Asia is expected to remain at the forefront and hold the highest position in this market in the forthcoming years. This is attributable to the increasing demand for exotic flavors and filling of Asia Pacific cocoa and chocolate products. Southeast Asia stood at USD 1,763.65 in 2019. Japan, on the other hand, is expected to hold the second position in the market during the forecast period. This is ascribable to the growing consumption of chocolates owing to its beneficial properties such as stress buster, anti-aging, and healthy content in the country between 2020 and 2027. COMPETITIVE LANDSCAPEKey Players Focus on Product Expansion by Acquiring Other Small CompaniesThe Asia Pacific cocoa and chocolate market is consolidated by the presence of key players that are focusing on acquiring other small companies to boost their cocoa & chocolate product line. Additionally, the major companies are adopting strategies such as partnership, the introduction of new products, and collaboration to maintain a stronghold in the fiercely competitive global marketplace during the forecast period. Industry Development:February 2019 – Olam International announced the acquisition of the Indonesia-based, BT Cocoa. The acquisition is expected to strengthen its position backed by the growing consumption of Asia Pacific cocoa and chocolate products. Browse Detailed Summary of Research Report with TOC:https://www.fortunebusinessinsights.com/checkout-page/104205 Detailed Table of Content: * Introduction * Research Scope * Market Segmentation * Research Methodology * Definitions and Assumptions * Executive Summary * Market Dynamics * Market Drivers * Market Restraints * Market Opportunities * Key Insights * Overview on Global Cocoa Production * Overview on Asia Pacific Cocoa Production * Cocoa Trade Analysis and Import Tax System * Recent Industry Developments * Cocoa Price & Trade Analysis * Asia Pacific Cocoa and Chocolate Market Analysis, Insights and Forecast, 2016-2027 * Key Findings / Summary * Market Analysis, Insights, and Forecast – By Type * Cocoa Ingredients * Cocoa Butter * Cocoa Liquor * Cocoa Powder * Chocolate * Dark * White * Milk * FilledTOC Continued…! Get your Customized Research Report:https://www.fortunebusinessinsights.com/enquiry/customization/asia-pacific-cocoa-and-chocolate-market-104205 Have a Look at Related Research Insights:Cocoa and Chocolate Market Size, Share & COVID-19 Impact Analysis, By Type (Cocoa Butter, Cocoa Liquor, Cocoa Powder, Dark Chocolate, Milk Chocolate, White Chocolate, and Filled Chocolate), By Application (Food & Beverages, Cosmetics, Pharmaceuticals, and Others), and Regional Forecast, 2020-2027Milk Chocolate Market Size, Share & Industry Analysis, By Form (Candies, Bars, Chocolate Coated Nuts, Chocolate Chips, Others), By Nature (Conventional, Organic), By Distribution Channel (Hypermarkets/Supermarkets, Retail Stores, Specialty Stores, Online Channels) and Regional Forecast, 2019-2026Chocolate Confectionery Market Size, Share & COVID-19 Impact Analysis, By Type (Dark, Milk, and White), Category (Premium, Seasonal, and Everyday), and Regional Forecast, 2020-2027Confectionery Market Size, Share & Industry Analysis, By Type (Chocolate, Sugar, and Gums), Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Departmental Stores, and Online Retails), and Regional Forecast, 2019 – 2026 About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges. Contact Us:Fortune Business Insights™ Pvt. Ltd.308, Supreme Headquarters,Survey No. 36, Baner,Pune-Bangalore Highway,Pune – 411045, Maharashtra, India. Phone:US: +1 424 253 0390UK: +44 2071 939123APAC: +91 744 740 1245Email: sales@fortunebusinessinsights.comFortune Business Insights™LinkedIn | Twitter | Blogs
OTTAWA – Canada’s unemployment rate held steady at 6.5 per cent last month as hiring remained weak across the economy.
Statistics Canada’s labour force survey on Friday said employment rose by a modest 15,000 jobs in October.
Business, building and support services saw the largest gain in employment.
Meanwhile, finance, insurance, real estate, rental and leasing experienced the largest decline.
Many economists see weakness in the job market continuing in the short term, before the Bank of Canada’s interest rate cuts spark a rebound in economic growth next year.
Despite ongoing softness in the labour market, however, strong wage growth has raged on in Canada. Average hourly wages in October grew 4.9 per cent from a year ago, reaching $35.76.
Friday’s report also shed some light on the financial health of households.
According to the agency, 28.8 per cent of Canadians aged 15 or older were living in a household that had difficulty meeting financial needs – like food and housing – in the previous four weeks.
That was down from 33.1 per cent in October 2023 and 35.5 per cent in October 2022, but still above the 20.4 per cent figure recorded in October 2020.
People living in a rented home were more likely to report difficulty meeting financial needs, with nearly four in 10 reporting that was the case.
That compares with just under a quarter of those living in an owned home by a household member.
Immigrants were also more likely to report facing financial strain last month, with about four out of 10 immigrants who landed in the last year doing so.
That compares with about three in 10 more established immigrants and one in four of people born in Canada.
This report by The Canadian Press was first published Nov. 8, 2024.
The Canadian Institute for Health Information says health-care spending in Canada is projected to reach a new high in 2024.
The annual report released Thursday says total health spending is expected to hit $372 billion, or $9,054 per Canadian.
CIHI’s national analysis predicts expenditures will rise by 5.7 per cent in 2024, compared to 4.5 per cent in 2023 and 1.7 per cent in 2022.
This year’s health spending is estimated to represent 12.4 per cent of Canada’s gross domestic product. Excluding two years of the pandemic, it would be the highest ratio in the country’s history.
While it’s not unusual for health expenditures to outpace economic growth, the report says this could be the case for the next several years due to Canada’s growing population and its aging demographic.
Canada’s per capita spending on health care in 2022 was among the highest in the world, but still less than countries such as the United States and Sweden.
The report notes that the Canadian dental and pharmacare plans could push health-care spending even further as more people who previously couldn’t afford these services start using them.
This report by The Canadian Press was first published Nov. 7, 2024.
Canadian Press health coverage receives support through a partnership with the Canadian Medical Association. CP is solely responsible for this content.
As Canadians wake up to news that Donald Trump will return to the White House, the president-elect’s protectionist stance is casting a spotlight on what effect his second term will have on Canada-U.S. economic ties.
Some Canadian business leaders have expressed worry over Trump’s promise to introduce a universal 10 per cent tariff on all American imports.
A Canadian Chamber of Commerce report released last month suggested those tariffs would shrink the Canadian economy, resulting in around $30 billion per year in economic costs.
More than 77 per cent of Canadian exports go to the U.S.
Canada’s manufacturing sector faces the biggest risk should Trump push forward on imposing broad tariffs, said Canadian Manufacturers and Exporters president and CEO Dennis Darby. He said the sector is the “most trade-exposed” within Canada.
“It’s in the U.S.’s best interest, it’s in our best interest, but most importantly for consumers across North America, that we’re able to trade goods, materials, ingredients, as we have under the trade agreements,” Darby said in an interview.
“It’s a more complex or complicated outcome than it would have been with the Democrats, but we’ve had to deal with this before and we’re going to do our best to deal with it again.”
American economists have also warned Trump’s plan could cause inflation and possibly a recession, which could have ripple effects in Canada.
It’s consumers who will ultimately feel the burden of any inflationary effect caused by broad tariffs, said Darby.
“A tariff tends to raise costs, and it ultimately raises prices, so that’s something that we have to be prepared for,” he said.
“It could tilt production mandates. A tariff makes goods more expensive, but on the same token, it also will make inputs for the U.S. more expensive.”
A report last month by TD economist Marc Ercolao said research shows a full-scale implementation of Trump’s tariff plan could lead to a near-five per cent reduction in Canadian export volumes to the U.S. by early-2027, relative to current baseline forecasts.
Retaliation by Canada would also increase costs for domestic producers, and push import volumes lower in the process.
“Slowing import activity mitigates some of the negative net trade impact on total GDP enough to avoid a technical recession, but still produces a period of extended stagnation through 2025 and 2026,” Ercolao said.
Since the Canada-United States-Mexico Agreement came into effect in 2020, trade between Canada and the U.S. has surged by 46 per cent, according to the Toronto Region Board of Trade.
With that deal is up for review in 2026, Canadian Chamber of Commerce president and CEO Candace Laing said the Canadian government “must collaborate effectively with the Trump administration to preserve and strengthen our bilateral economic partnership.”
“With an impressive $3.6 billion in daily trade, Canada and the United States are each other’s closest international partners. The secure and efficient flow of goods and people across our border … remains essential for the economies of both countries,” she said in a statement.
“By resisting tariffs and trade barriers that will only raise prices and hurt consumers in both countries, Canada and the United States can strengthen resilient cross-border supply chains that enhance our shared economic security.”
This report by The Canadian Press was first published Nov. 6, 2024.
