Cocoa Industry Survey Report Key Insights
Global cocoa sales are set to cross a valuation of US$ 20 billion in 2021, according to latest analysis by Fact.MR.
The global cocoa industry has been navigating the challenges posed by the COVID-19 crisis, especially in terms of logistics.
Although in certain regions, lockdown restrictions have led to a decline in demand, the overall growth has remained steady.
According to Fact.MR’s cocoa market research report, Dutch flavored cocoa is likely to sell more than natural cocoa, with the latter reaching US$ 11.8 billion in revenues in 2021.
The retail shelves of chocolates are witnessing the presence of a wide range of chocolates such as milk chocolates, dark chocolates, drinking chocolate and other beverages.
This has given rise to flavored cocoa market demand, as consumers are increasingly experimenting with new cocoa variants.
While portraying the ever-growing popularity of chocolates, extensive use of cocoa in the production of chocolates has proved beneficial for the growth of the cocoa market.
The consumption trend of chocolate is directly connected to the rising discretionary income which enables consumers to purchase food items including chocolates that were previously categorized as luxury items. In addition, growing demand for chocolates in emerging economies presents lucrative opportunities for the cocoa market in the coming years. This has also led to increased demand for cocoa products market.
As a Ubiquitous Flavor, Cocoa Market to Gain Ground in the Food and Beverage Industry
Humongous consumption and production of chocolates explain increasing appetite for cocoa, making cocoa the most widely consumed flavor in the food and beverage industry.
Owing to the increasing popularity, manufacturing titans in the food and beverage sector are actively using fine or flavored cocoa in a variety of food products and traditional recipes to expand their consumer base.
Demand for cocoa liquor has intensified dramatically in the food and beverage industry in the recent past against the backdrop of rising preference for cocoa flavor across the globe. An optimistic outlook for cocoa liquor demand in future is expected to bode well for the cocoa market.
Demand for Low-fat Cocoa Powder Growing, Preference for Cocoa from Organic Sources Gaining Ground
Rising incidences of lifestyle health diseases have prompted consumers to become health conscious and proactive in their purchase of food products.
Demand for organic products is gaining traction with consumers seeking to avoid consumption of harmful chemicals.
As the diagnosis of gluten sensitivity increases across the globe, gluten-free food products are highly sought after among not only sensitive consumers but health-conscious consumers as well.
To aim the consumer base with such a high health consciousness, manufacturers in the cocoa market are focusing on delivering innovative and healthier cocoa products with lesser sugar content and as organic and gluten-free origin.
Further, by manufacturing cocoa liquor products with the non-GMO material, the cocoa market is expected to attract health-conscious consumers.
Amidst the rising incidences of consumers quitting chocolate consumption, as cocoa manufacturers dip their toes into novel production methods of organic and gluten-free products, cocoa market to witness an impressive growth trajectory during the review period.
Cocoa Production Analysis: Cocoa Companies Witness Challenges in Maintaining Sustainable Growth
Although the popularity of cocoa flavor and ingredients for the preparation of majority of the food and beverage products is persistently rising, the global cocoa industry seeks additional investments to maintain a sustainable growth in the foreseeable future.
As manufacturers make additional expenses to receive certification of approval to distribute their cocoa products in the market, prices of cocoa in the global market has witnessed a significant rise.
Rising prices of cocoa have added economic uncertainties in the international cocoa market, in turn, creating challenges for the growth of the cocoa market in the coming decade.
In addition, dwindling agricultural production conditions in leading cocoa producing regions are threatening the persistent growth of the cocoa production during the estimated future.
However, initiatives by major standard bodies to improve quality as well as the quantity of cocoa can be promising for the future growth of the cocoa market.
Cocoa Market Forecast & Key Trend Analysis
Fact.MR has recently added a new report on the cocoa market for the forecast period 2018 – 2028. An in-depth analysis of the key market insights delivers the most viable forecast of the cocoa market in the coming decade.
With the inclusion of all vital bricks shaping the market, the estimated futuristic market performance becomes the most credible resource.
Global as well as regional trends and prodigious opportunities have been taken into consideration to assess the market outlook during the forecast.
The highlighted value of CAGR enables to fathom the future growth trajectory of the cocoa market.
The holistic analysis of the cocoa market is backed by corresponding revenue anticipations in the form of absolute dollar opportunity.
Generally overlooked during forecast analysis, the absolute dollar opportunity plays a vital role in identifying potential market opportunities for vendors to leverage.
Regarding the aspects of production and sales in the cocoa market, an all-inclusive approach has been taken in which the market forecast is categorized in terms of a likely scenario, conservative scenario and an optimistic scenario by research analysts.
Another important key insight included in the report is the market attractive index which enables manufacturers to gauge lucrative business expansion possibilities like merger and acquisition.
Know More Details About the Report
The seed of Theobroma cacao is fully dried and fermented to derive cocoa or cocoa beans. As the literal meaning of Theobroma is “food of the gods”, cocoa was originally used as a ritual beverage in multiple South American Cultures.
Later, as the fundamental ingredient of the chocolate, demand for cocoa has grown impressively with the annual consumption of over 4.5 million tons of cocoa in chocolate production across the globe.
Apart from chocolate, cocoa is highly utilized in the production of confectionery products, cocoa liquor, cocoa powder, and cocoa mass among others.
Additional Questions Answered
In addition to the aforementioned cutting-edge insights impacting the market landscape, the report also addresses a few other important aspects as listed-
- How will altering consumer trends affect the cocoa market growth?
- What will be the key strategies adopted by manufacturers to win over competition and maintain a sustainable growth trajectory?
- What will be the effects of price volatility of cocoa on the future market performance?
- Apart from the food and beverage industry, what are the other leading end users of the cocoa market?
- What will be the impacts of the updated standard body regulations on the growth of the cocoa market?
Avail customized purchase options for your needs
The cocoa market is expected to observe an intense competitive scenario among existing as well as emerging market players.
Key market players operating in the cocoa market include
- Cargill Inc
- Olam International Ltd
- Barry Callebaut AG
- Guan Chong Cocoa Manufacturers Sdn.
- Natra SA
- Touton SA
- BT COCOA
- Dutch Cocoa BV
- Blommer Chocolate Company
- JB Foods
- Cemoi Chocolatier SA.
To win over the competition, existing as well as emerging players are leveraging business strategies such as new product launches, collaborations and acquisitions to maintain their position in the global market space.
Other market players with a stronghold in the global market space are covered in the report. To leverage a holistic coverage of the important industry participants, request a free report sample.
Various primary and secondary resources are taken into consideration during the course of the market research analysis.
Primary research study included comprehensive interviews with key stakeholders and panel of industry experts were conducted by domain-specific analysts. Secondary resources include company annual reports, credible publications and resourceful websites.
Cross validations have been carried out to prevent discrepancies regarding the actionable insights included in the report.
The report delivers a credible platform based on unparalleled intelligence on the cocoa market, allowing the users to make viable and fact-based decision to surpass their business goals.
An Adaptive Approach to Modern-day Research Needs
The report further discusses the market taxonomy based on the segments like product type, form type, process type and applications.
Based on the product type, the report elaborates estimations on cocoa liquor, cocoa powder and cocoa butter. Cocoa market is further segmented on the basis of processing of cocoa such as Dutch process and Natural process.
From the geographical point of view, the regional analysis of the market has been represented in the following regions
- North America
- Latin America
- CIS & Russia
The segmentation section also reveals some of the leading trends prevailing across the aforementioned regions.
Each of the segment has been discussed in-depth considering the historical data, current rationalities, and future opportunities. Sub-segments of each category are also discussed and elaborated in detail.
Cocoa Market Scope Of The Report
Fact.MR has collated a report on cocoa market forecast, trend analysis & competition tracking: global review 2018 to 2028.
According to which the cocoa market is projected to witness impressive growth opportunities in the aftermath of the rising chocolate popularity and growing consumption of cocoa-based products.
The new insightful report on the cocoa market sheds light on the influential market dynamics of the cocoa market that can transform the future growth trajectory of the cocoa market.
The report includes key market insights that will enable prominent companies and emerging players associated with the processing or grinding of cocoa to identify potential avenues in the market.
After delivering the global overview of the cocoa market, with regard to the current and future prospects of the cocoa bean growth reveals attractive facets of the adoption trend of cocoa across business regions.
To completely fathom the cocoa market scenario, the report in divided into sections that deliver a comprehensive and seamless outlook of the market. Individual sections in terms of chapters are discussed below in brief.
Chapter 1- Executive Summary
The report commences with the executive summary that delivers a global outlook of the market in terms of opportunity assessment, competition blueprint and mega trends.
The assessment of individual segments with regard to their relative growth rates is depicted in the form of Fact.MR’s proprietary wheel of fortune. A taxonomy is also included in this chapter to apprehend the segments and sub-segments of the market.
Chapter 2 – Market Introduction
This chapter provides the readers with a quick yet affluent introduction to the cocoa market. It delivers an in-depth market information starting from production dynamics to evolving business strategies of key manufacturers.
Chapter 3 – Key Indicator Assessment
The chapter delivers gainful insights derived from the methods of competitive analysis such as porters five force analysis and strategic management analysis such as pestle analysis.
The chapter also includes key regulations in a region-specific manner to enable users in identifying untapped opportunities.
Chapter 4 – Trade Analysis
The chapter enlists key cocoa producing countries across business regions and their global market position. In addition, import and export analysis of different commercial forms of cocoa is included in the chapter.
Chapter 5 – Price Point Analysis
Region-wise price assessment of cocoa and prime factors influencing the pricing are included in the chapter enabling users to consider price dynamics of the cocoa market.
Chapter 6 - Market Analysis and Forecast by Type
The chapter delivers in-depth analysis and forecast of the individual market segments and sub-segments. Market size in terms of value and volume, market share comparison and Y-o-Y growth comparison are parameters used for the analysis and forecast.
Chapter 7 - North America Cocoa Market Analysis
Market size and forecast value in the North America region by considering the market scenario in the US and Canada is included in the chapter. Market dynamics of the individual segments have been discussed particularly for North America region.
Chapter 8 - Latin America Cocoa Market Analysis
Latin America market analysis and forecast includes cocoa market landscape in countries such as Brazil, Mexico, Argentina, Chile, Peru and rest of Latin America.
Market size in terms of value and volume has been analyzed for individual market segment to derive overall market performance in the Latin America region.
Chapter 9 - Europe Cocoa Market Size and Forecast
To derive the market size and forecast of the Europe region, market growth analysis in individual countries or assessed group of countries including EU4, UK, Benelux, Nordic, Eastern Europe and rest of Europe has been carried out.
Chapter 10 - CIS & Russia Cocoa Market Size and Forecast
The chapter delivers analysis of market size in terms of value and volume as well as market forecast in CIS and Russia region.
Market size and forecast for individual segments are carried out to deliver regional market performance.
Chapter 11 - Japan Cocoa Market Size and Forecast
This chapter delivers the cocoa market performance in Japan in terms of market size in terms of value and volume.
The market size and forecast are derived for individual market segments based on their growth dynamics in Japan.
Chapter 12 - APEJ Cocoa Market Size and Forecast
The chapter delivers market growth in the APEJ region by analyzing market sizes in Greater China, India, South Korea, ASEAN, ANZ, and rest of APEJ.
Market size and forecast for individual segments are carried out to deliver the market performance in the APEJ region.
Chapter 13 - MEA Cocoa Market Size and Forecast
To derive the market size and market forecast in the MEA region, market growth trends in the GCC countries, Turkey, Iran, Israel, South Africa and rest of MEA are considered.
Further, market performance of individual segments in Middle East and Africa region are included in the report to derive market forecast values.
Chapter 14 - Competition Landscape, Company Share and Company Profiles
The chapter delivers a dashboard view of the key companies in the cocoa market along with their in-depth company profiles.
Analysis of market shares held by individual companies, their relative position in the global stage and business strategies carried out by key players deliver a comprehensive competitive landscape of the cocoa market.
Chapter 15 – Research Methodology
A robust research methodology includes thorough primary and secondary research. The chapter entails extensive cross validations to support the derived actionable insights in the report.
The aforementioned information has been derived from the multiple resources such as published financial data, quarterly financial statements, 10-K & 10-Q filings, annual reports, local newspapers, company websites, company press releases, published trade data, and other data sources.
Need an Exclusive Report for your Unique Requirement?
- Related Reports -
- Our Clients -
- Evaluate How Fact.MR's Report Can Help. -
Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.