The cocoa beans or cocoa, which is also called the cacao bean or cacao, is the dried and fully fermented seed of cacao, from which cocoa solids (a mixture of nonfat substances) and cocoa butter (the fat) can be extracted. Cocoa beans are used in chocolate, and Mesoamerican foods. An indigenous Mexican drink that also includes maize. Cocoa beans have wider applications in food & beverages, cosmetics, and pharmaceuticals, which is further influencing the market growth.
MARKET SCOPE
The "Global Cocoa Beans Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the cocoa beans market with detailed market segmentation by form, category, and application. The report provides key statistics on the market status of the leading cocoa beans market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on form, the global cocoa beans market is segmented into butter, powder, and liquor.
- On the basis of category, the market is segmented into organic, conventional.
- Based on application, the market is bifurcated into cosmetics, food and beverages, pharmaceuticals, others.
MARKET DYNAMICS
Drivers:
- Surging consumption of cocoa beans as a preservative and flavoring agent.
- Rising urbanization and increasing per capita disposable income to boost the market growth of cocoa beans.
- Cocoa beans is used as an essential ingredient in several cuisines due to which it is gaining demand across the globe. Rising trend of gourmet cooking is boosting the consumption of cocoa beans as a food dressing.
- New market players are entering the market owing to the easy availability of raw materials and low capital requirement.
Restraints:
- Unorganized retail sector in few developing countries
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The cocoa beans market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the cocoa beans market in these regions.
IMPACT OF COVID-19 ON COCOA BEANS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The plantation of coffee farms are being struggling with transportation and labor shortages as the number of cases are increasing. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The raw material deliveries and slump in future sales of the cocoa beans have already been announced that it will be delayed. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the cocoa beans market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from cocoa beans market are anticipated to lucrative growth opportunities in the future with the rising demand for cocoa beans in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cocoa beans market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- United Cocoa
- NATRA
- Rizek Cacao S.A.S
- Blommer Chocolate Company
- Cargill Incorporated
- Cemoi
- Jindal Cocoa
- Meiji Holdings Company
- Nestle S.A.
- Puratos Group
- The Barry Callebaut Group
- The Hershey Company
- United Cocoa Processor
- Olam International
- M/S Dennys
- Mason and Co.
- COCOA PROCESSING COMPANY LTD.
- Garkens Cocoa
- Theobroma B.V.
- Ecom Dutch Cocoa