Data Bridge Market Research analyses that the cocoa products market was valued at USD 25,249.67 million in 2021 and is expected to reach the value of USD 39640.68 million by 2029, at a CAGR of 5.8% during the forecast period of 2022 to 2029.
A credible Global Cocoa Products Market report studies the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors with the Porter's Five Forces analysis. This global market research report encompasses the drivers and restraints for the market which are derived from the well-established SWOT analysis. It also puts a light on the recent developments, product launches, joint ventures, mergers and acquisitions that have been adopted by the several key players and brands. Systemic gathering of company profiles that are driving the market is also performed in this report. The Global Cocoa Products Market report is a synopsis of the market facts, stats and figures for the forecast period of 2022-2029.
The competitive analysis carried out in an excellent Global Cocoa Products Market report include strategic profiling of key market players, their core competencies, their strong and weak points, and competitive landscape of the market which supports businesses illustrate their individual strategies. The report also takes into account an analysis of existing major challenges faced by the business and the probable future challenges that the business may have to face while operating in this market. No stone is left unturned while analysing the market and preparing Global Cocoa Products Market research report in a presentable form to meet the anticipation of users.
Global Cocoa Products Market Scope and Market Size
The cocoa products market is segmented on the basis of type of cocoa, product type, source, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type of Cocoa
· Forastero cocoa
· Trinitario cocoa
· Criollo cocoa
On the basis of type of cocoa, the market is segmented into forastero cocoa, trinitario cocoa and criollo cocoa.
Product type
· Cocoa beans
· Cocoa butter
· Cocoa powder & cake
· Cocoa liquor & paste
· Cocoa nibs
· Others
On the basis of product type, the market is segmented into cocoa beans, cocoa butter, cocoa powder & cake, cocoa liquor & paste, cocoa nibs and others.
Application
· Inorganic
· Organic
On the basis of source, the market is segmented into inorganic and organic.
Application
· Food & beverages
· Personal care & cosmetics
· Dietary supplements
· Others
On the basis of application, the market is segmented into food & beverages, personal care & cosmetics, dietary supplements and others.
Distribution channel
· Direct
· Indirect
On the basis of distribution channel, the market is segmented into direct and indirect.
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Some of the key questions answered in this report:
· How has the Global Cocoa Products Market performed so far and how will it perform in the coming years?
· What has been the impact of COVID-19 on the Global Cocoa Products Market?
· What are the key regional markets?
· What is the breakup of the market based on the procedure?
· What is the breakup of the market based on the injury location?
· What is the breakup of the market based on the end user?
· What are the various stages in the value chain of the industry?
· What are the key driving factors and challenges in the industry?
· What is the structure of the Global Cocoa Products Market and who are the key players?
· What is the degree of competition in the industry?
Market Analysis and Insights: Global Cocoa Products Market
· Cocoa beans are used to make cocoa. It is a highly concentrated powder used as a flavoring ingredient in beverages. It is the main ingredient in chocolate and bakery confections. Cocoa powders, chocolate liquor, and blends are product forms of cocoa that are used to flavor various food products such as syrups, toppings, chocolate milk, prepared cake mixes, pharmaceuticals, and cookies.
· Cocoa is a product obtained by processing the cacao tree's seeds. Cocoa originated in Latin America, but it is now grown in almost every tropical region, from West and Central Africa to Asia and Oceania. Cocoa seeds are used to make various products, including cocoa liquor, cocoa butter, and cocoa powder.
· The growing awareness of the health benefits of consuming cocoa-rich products drives the growth of the cocoa products market. Cocoa helps reduce hypertension, chronic fatigue syndrome, protection against sunburn, and other health benefits to the human body. Cocoa is also high in polyphenols, which help to protect the body's tissues from oxidative stress and related pathologies like cancer and inflammation. These factors are also driving the expansion of the cocoa products market.
· Increased demand for chocolate and related products such as milk chocolate, sweet chocolate, and dark chocolate and aggressive advertising by manufacturers to increase brand recognition are driving the growth of the cocoa products market. Improvements in commercial farming techniques are used to produce cocoa, which is expected to increase supply and thus improve growth prospects in the future.
Post COVID-19 Impact on Cocoa Products Market
Low sales volumes due to the COVID-19 pandemic and supply-side issues related to quality and certification impacted the cocoa market. In terms of exports, the Fine Cacao and Chocolate Institute (FCCI) surveyed the impact of the COVID-19 pandemic, which yielded some troubling results. According to reports in the Dominican Republic, the drastic lockdown imposed prevented producers and agricultural workers from going to the plantations for several weeks until the authorities granted exceptions. Thus, disruption in the raw material supply chain, followed by lockdown, results in an increasing number of specialty stores remaining closed for an extended period, and decreased volume consumption of premium chocolates.
Global Cocoa Products Market Country Level Analysis
The countries covered in the cocoa products market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Global Cocoa Products Market Share Analysis
The cocoa products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cocoa products market.
Key player Global Cocoa Products Market
· Cemoi Chocolatier (France)
· Republica del Cacao (Ecuador)
· Nestlé S.A. (Switzerland)
· Mars Incorporated (U.S.)
· Fuji Oil Holdings Inc. (Japan)
· Guittard Chocolate Company (U.S.)
· Ghirardelli Chocolate Company (U.S.)
· Valrhona (France)
· Barry Callebaut (Switzerland)
· Alpezzi Chocolate (Mexico)
· Kerry (Ireland)
· Olam Group (Singapore)
· Tcho Ventures Inc. (U.S.)
· The Hershey Company (U.S.)
· Cargill, Incorporated (U.S.)
· Blommer Chocolate Company (U.S.)
· Foley's Candies LP (Canada)
· Puratos (Belgium)
· Ferrero (Italy)
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MAJOR TOC OF THE REPORT
· Chapter One: Introduction
· Chapter Two: Market Segmentation
· Chapter Three: Market Overview
· Chapter Four: Executive Summary
· Chapter Five: Premium Insights
· Chapter Six: Global Cocoa Products Market Share by Product & Procedure type
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