The global demand for Cocoa & Chocolate Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2020 with a CAGR of XX% under the study period of 2020-2026. Whereas with regards to volume, the market was calculated XX KT in 2021 and foreseen to touch XX KT by 2027 with a CAGR of XX% during 2020-2026.
Cocoa is a product derived from the beans of Theobroma cacao. It comprises macronutrients, such as proteins, lipids and carbohydrates, micronutrients, and bioactive compounds, such as flavanols, fiber, and theobromine. Nevertheless, in addition to its nutritional features, its consumption is associated with pleasure or with different emotional changes. The gastronomical interest in cocoa is increasing due to its sensory properties and use in new cuisine, as well as new tendencies towards high-priced chocolates and delicacies containing high amounts of cocoa. The chocolate industry and its market are large and wide due to cocoa products having reached a critical mass. Finally, in terms of nutrition and health, its bioactives (epicatechin and procyanidins) infuse cocoa with healthy properties, which can provide beneficial protection towards cardiovascular risk factors, brain and immune functions, and cancer prevention, among others.
The major driving factor behind the market growth is the strong demand from end-user industries. The demand for chocolate confectionaries especially in emerging economies such as India, China has witnessed exponential growth during the study period. Rising consumer expenditure and growing demand for premium chocolate products are likely to propel the demand. Besides this, the growing consumption of cocoa in food & beverages, cosmetics, pharmaceuticals, and other industries is strongly linked to the high demand of cocoa and chocolate. However, inadequate of cocoa beans is the factor that hinders market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of cocoa & chocolate.
The entire cocoa & chocolate market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Cocoa Butter
- Cocoa Liquor
- Cocoa Powder
- Dark Chocolate
- Milk Chocolate
- White Chocolate
- Filled Chocolate
- Food and Beverages
This section covers regional segmentation which accentuates on current and future demand for cocoa & chocolate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Cocoa & Chocolate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cocoa & chocolate market include Archer Daniels Midland, Barry Callebaut, Blommer Chocolate, Cargill Incorporated, Cemoi, Cocoa Processing Company Ltd., Mars Inc., Meiji Holdings Co. Ltd., Nestle S.A., Olam International Limited and Puratos Group. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.