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In 2024, the worldwide market for cocoa is projected to reach a value of $15,156.17 million. By the end of 2031, the cocoa industry is expected to be valued at US$ 23,981.11 million, thanks to a 7.7 percent compound annual growth rate (CAGR) in total sales from 2024 to that year.
Western European countries like the Netherlands, Belgium, Switzerland, France, and Germany have the highest per capita chocolate consumption. When it comes to chocolate consumption, North America comes in second, followed by Europe. Because of its calming and sugary flavor, chocolate is loved by all. Cocoa liquor, a byproduct of cocoa processing, is the primary ingredient needed for making the product. Cakes, puddings, candies, and shakes are just a few examples of the many sweet and savory foods, drinks, and cosmetic items that contain chocolate.
In addition, the fact that chocolate has health benefits increases its demand, which in turn drives the expansion of the worldwide cocoa industry. Cholesterol reduction, memory preservation, and high antioxidant levels are just a few of the many positive health effects of eating chocolate. Over the next several years, the worldwide cocoa market is expected to be driven by rising demand from a variety of end-use sectors and consumer awareness of the health advantages of chocolate. Cocoa from specific estates and origins is becoming more and more popular in Europe. How good and flavorful the chocolate is is proportional to how good the cocoa is that goes into making it. Market participants, particularly in Europe, can capitalize on the growing demand for specialty chocolate to increase their bottom lines.
Theobroma cocoa is the plant from which we get cocoa, a fatty bean that undergoes fermentation and drying before being further processed to produce cocoa liquor, liqueur, powder, oil, and butter. One of the key reasons for the increase in demand for cocoa is its usage in chocolate. Criollo, trinitario, and forastero are the three most popular plants used to make cocoa. Because of its reputation for producing the highest-quality cocoa, forastero has quickly become the most popular variety of cocoa trees. Additionally, cocoa products are useful for those with cardiovascular difficulties because of their high flavonoid concentration.
This research analyses the worldwide cocoa market from every angle, looking at the factors that are driving growth and those that are holding it back. In an effort to shed light on the worldwide cocoa market, it gathers detailed information from reputable sources using tried-and-true research procedures. The report divides the market into submarkets according to different criteria and analyses the elements that will determine the market's future in each of those submarkets. With the use of Porter's five forces analysis, it provides data on the worldwide cocoa market's level of competition, the strength of suppliers' and buyers' negotiating positions, and the danger posed by new competitors and product alternatives.
Theobroma cacao, a tree native to South America, produces cocoa from its dried, fermented seeds. Coconut oil, cocoa liquor, and cocoa powder are the most common forms you'll see it sold in stores. Confections, functional foods, drinks, cosmetics, and medications are just a few of the many uses for cocoa. Cocoa improves the nutritional profile and taste of food products.
In the coming years, the worldwide cocoa market is anticipated to be propelled by the rising demand for dark chocolate products and the quick adoption of healthier lifestyles. Chocolate and chocolate-based goods have seen a meteoric surge in production and consumption in the last several years. Because chocolate contains antioxidants like flavonoids, more and more people are starting to realize how good it is for their health. Therefore, during the projected period, the global cocoa sector will continue to be driven by increased chocolate consumption.
Making chocolates requires cocoa, an essential ingredient. More than 40% of the world's cocoa crop is devoted to chocolate production. As a result, one of the main drivers of growth in the global cocoa industry is the increasing demand for chocolates. Cocoa chocolate has several beneficial nutrients, including minerals and antioxidants. Consuming chocolate in moderation aids weight maintenance because it is high in calories. Consumption of chocolates decreases the likelihood of cardiovascular issues and cholesterol levels. In addition, chocolate's scent and flavor have long been associated with its status as a premium product. The potential health benefits and positive consumer impression of chocolate are anticipated to increase demand for cocoa, leading to the expansion of the global cocoa market.
We anticipate that the cocoa market will record robust expansion during the prediction period. The rising global demand for chocolate and chocolate coatings is a major factor propelling the market forward. Cocoa is a popular ingredient in many different kinds of chocolate, including milk, baking, drinking, dark, and sweet chocolate. One of the main factors that will propel the global cocoa industry forward is its anticipated widespread usage. One factor that could slow the market's expansion is people's worries about the health effects of the high sugar content of cocoa-based products.
Report Coverage
Global Cocoa research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Cocoa report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Cocoa competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Cocoa market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Cocoa market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Cocoa market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
THE HERSHEY COMPANY, CARGILL, INC., Ciranda, Inc., Blommer Chocolate company, GUAN CHONG COCOA MANUFACTURER SDN. BHD., OLAM INTERNATIONAL LIMITED, TOUTON S.A., BARRY CALLEBAUT AG, VJ Jindal Cocoa Private Limited, United Cocoa Processor, Inc.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Cocoa market based on the below-mentioned segments:
Global Cocoa Market, By Product Type
Cocoa butter
Cocoa liquor
Cocoa powder
Global Cocoa market, By Application
Confectionery
Food & beverages
Bakery
Pharma
Animal Feed
Others
Global Cocoa Market, By Quality
Bulk
Specialty
Fine flavor
Global Cocoa market, Regional Analysis
Western European countries like the Netherlands, Belgium, Switzerland, France, and Germany have the highest per capita chocolate consumption. When it comes to chocolate consumption, North America comes in second, followed by Europe. Because of its calming and sugary flavor, chocolate is loved by all. Cocoa liquor, a byproduct of cocoa processing, is the primary ingredient needed for making the product. Cakes, puddings, candies, and shakes are just a few examples of the many sweet and savory foods, drinks, and cosmetic items that contain chocolate.
In addition, the fact that chocolate has health benefits increases its demand, which in turn drives the expansion of the worldwide cocoa industry. Cholesterol reduction, memory preservation, and high antioxidant levels are just a few of the many positive health effects of eating chocolate. Over the next several years, the worldwide cocoa market is expected to be driven by rising demand from a variety of end-use sectors and consumer awareness of the health advantages of chocolate. Cocoa from specific estates and origins is becoming more and more popular in Europe. How good and flavorful the chocolate is is proportional to how good the cocoa is that goes into making it. Market participants, particularly in Europe, can capitalize on the growing demand for specialty chocolate to increase their bottom lines.
Theobroma cocoa is the plant from which we get cocoa, a fatty bean that undergoes fermentation and drying before being further processed to produce cocoa liquor, liqueur, powder, oil, and butter. One of the key reasons for the increase in demand for cocoa is its usage in chocolate. Criollo, trinitario, and forastero are the three most popular plants used to make cocoa. Because of its reputation for producing the highest-quality cocoa, forastero has quickly become the most popular variety of cocoa trees. Additionally, cocoa products are useful for those with cardiovascular difficulties because of their high flavonoid concentration.
This research analyses the worldwide cocoa market from every angle, looking at the factors that are driving growth and those that are holding it back. In an effort to shed light on the worldwide cocoa market, it gathers detailed information from reputable sources using tried-and-true research procedures. The report divides the market into submarkets according to different criteria and analyses the elements that will determine the market's future in each of those submarkets. With the use of Porter's five forces analysis, it provides data on the worldwide cocoa market's level of competition, the strength of suppliers' and buyers' negotiating positions, and the danger posed by new competitors and product alternatives.
Theobroma cacao, a tree native to South America, produces cocoa from its dried, fermented seeds. Coconut oil, cocoa liquor, and cocoa powder are the most common forms you'll see it sold in stores. Confections, functional foods, drinks, cosmetics, and medications are just a few of the many uses for cocoa. Cocoa improves the nutritional profile and taste of food products.
In the coming years, the worldwide cocoa market is anticipated to be propelled by the rising demand for dark chocolate products and the quick adoption of healthier lifestyles. Chocolate and chocolate-based goods have seen a meteoric surge in production and consumption in the last several years. Because chocolate contains antioxidants like flavonoids, more and more people are starting to realize how good it is for their health. Therefore, during the projected period, the global cocoa sector will continue to be driven by increased chocolate consumption.
Making chocolates requires cocoa, an essential ingredient. More than 40% of the world's cocoa crop is devoted to chocolate production. As a result, one of the main drivers of growth in the global cocoa industry is the increasing demand for chocolates. Cocoa chocolate has several beneficial nutrients, including minerals and antioxidants. Consuming chocolate in moderation aids weight maintenance because it is high in calories. Consumption of chocolates decreases the likelihood of cardiovascular issues and cholesterol levels. In addition, chocolate's scent and flavor have long been associated with its status as a premium product. The potential health benefits and positive consumer impression of chocolate are anticipated to increase demand for cocoa, leading to the expansion of the global cocoa market.
We anticipate that the cocoa market will record robust expansion during the prediction period. The rising global demand for chocolate and chocolate coatings is a major factor propelling the market forward. Cocoa is a popular ingredient in many different kinds of chocolate, including milk, baking, drinking, dark, and sweet chocolate. One of the main factors that will propel the global cocoa industry forward is its anticipated widespread usage. One factor that could slow the market's expansion is people's worries about the health effects of the high sugar content of cocoa-based products.
Report Coverage
Global Cocoa research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Cocoa report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Cocoa competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Cocoa market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | THE HERSHEY COMPANY, CARGILL, INC., Ciranda, Inc., Blommer Chocolate company, GUAN CHONG COCOA MANUFACTURER SDN. BHD., OLAM INTERNATIONAL LIMITED, TOUTON S.A., BARRY CALLEBAUT AG, VJ Jindal Cocoa Private Limited, United Cocoa Processor, Inc. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Cocoa Market from 2021 to 2031.
- Market Forecast for Cocoa Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Cocoa competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Cocoa
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Cocoa market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Cocoa market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
THE HERSHEY COMPANY, CARGILL, INC., Ciranda, Inc., Blommer Chocolate company, GUAN CHONG COCOA MANUFACTURER SDN. BHD., OLAM INTERNATIONAL LIMITED, TOUTON S.A., BARRY CALLEBAUT AG, VJ Jindal Cocoa Private Limited, United Cocoa Processor, Inc.
Primary Target Market
- Market Players of Cocoa
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Cocoa market based on the below-mentioned segments:
Global Cocoa Market, By Product Type
Cocoa butter
Cocoa liquor
Cocoa powder
Global Cocoa market, By Application
Confectionery
Food & beverages
Bakery
Pharma
Animal Feed
Others
Global Cocoa Market, By Quality
Bulk
Specialty
Fine flavor
Global Cocoa market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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