Global Cocoa Market Analysis, Trends and Opportunities -2018 - 2025
Summary -
A new market
study, titled “Global Cocoa Market Analysis,
Trends and Opportunities -2018 - 2025 ” has been featured on WiseGuyReports.
The global cocoa market was worth US $XX billion in 2018 and is expected
to reach US $ XX billion by 2026, at a CAGR of XX% during the forecast period.
Cocoa is a plant from where the chocolate is produced. Bitter chocolate
is provided by pressing roasted cocoa seeds between hot rollers. Cocoa powder
is produced after squeezing the cocoa butter from bitter chocolate. Cocoa
contains antioxidants called flavonoids. The increase of its demand in the
various application is expected to drive the market growth at a higher CAGR
during the forecast period.
Global Cocoa Market – Market Dynamics
Health benefits of cocoa is one of the major factors that are driving
market growth. Cocoa helps in regulating the symptoms of intense fatigue
syndrome, reduces hypertension, provides protection against sunburn, improves
heart health, and others. Further, it has anti-oxidative, anti-depressant, and
anti-inflammatory properties. Thus increasing awareness about health among
people is driving the market growth.
Also, growing end-user industries, such as food & beverages,
cosmetics, pharmaceuticals, and others are propelling market growth. Cocoa
contains proteins, minerals, vitamins and amino acids which will increase the
usage of these products as moisturizing, purifying and antioxidant agents.
Additionally, the smell of cocoa care provides an instant good-mood feeling
For instance, according to BPI; IQVIA (German Federal Association of the
pharmaceutical industry) the worldwide pharmaceutical industry generated a
revenue of 1,1,43 billion by 2017 which is increased by 28% from 2010.
However, cocoa also has few adverse reactions like causing skin
allergies, constipation, and it might trigger migraine headaches. It can also
cause digestive complaints including stomach rumbling, nausea, intestinal
discomfort, and gas.
Global Cocoa Market – Segment Analysis
Based on the application the global cocoa market is broadly segmented as
cosmetics, food, beverages, pharmaceuticals, and others. Among all these
functional food applications is accounted for major market share and is
expected to grow at a higher CAGR over the forecast period. Because chocolate
is one of the most common flavors for a variety of functional food products
such as protein snack bars, protein shakes, and also for other nutraceutical
products. Additionally, manufacturers are into developing new innovative
varieties, such as coated fruits, nuts, cereals, and many more. and popularity
of such products is increasing rapidly, especially in developed countries,
thereby giving a push to the global cocoa market. Also, the easy availability
of a wide variety of chocolate flavors and types of chocolates is resulting in
increasing consumption. For instance, according to (International Cocoa
Organization) in 2017, Switzerland was the highest consumer of chocolate, with
an average consumption of 8.8 kilograms per person.
Global Cocoa Market – Geographical Analysis
The global cocoa market is segmented into North America, Europe, Asia
Pacific, South America Cand Middle East & Africa. North America occupies
the dominant share in the cocoa market. It is owing to the presence of a large
number of major manufacturers of pharmaceuticals, and food & beverages.
Over the forecast period, the Asia Pacific region is predicted to grow at a
higher CAGR. It is owing to the massive demand for cocoa in food &
beverage, and pharmaceutical industries. For instance, according to L’Oreal, in
2015, the total global cosmetic market was worth approximately 203 billion
euros in which the Asia Pacific accounted for approximately 30%.
Global Cocoa Market – Competitive Analysis
Significant players of the global cocoa market are The Barry Callebaut
Group, Jindal Cocoa, The Hershey Company, Nestlé S.A., Cargill Incorporated,
Puratos Group, Carlyle Cocoa, Cémoi, Mars, Incorporated, Blommer Chocolate
Company, Meiji Holdings Company, Ltd., United Cocoa Processor, and others. Most
of these leading companies operating in the global cocoa market are
implementing a few of their key strategies such as product developments, mergers
& acquisition, and others to maintain their share in this highly
competitive market. For instance, in July 2018, Puratos Group has introduced
its cocoa sourcing program to Papua New Guinea.
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Why Purchase the Report?
• Visualize the composition of the Cocoa market across each indication,
in terms of type and treatment options, highlighting the key commercial assets
and players.
• Identify commercial opportunities in Cocoa market by analyzing trends
and co-development deals.
• Excel data sheet with thousands of data points of the Cocoa market -
level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after
exhaustive qualitative interviews and in-depth market study.
• Form mapping in excel for the key Forms of all major market players
Target Audience:
• Equipment Suppliers/ Buyers
• Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
• Manufacturers
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