MARKET INTRODUCTION
Cocoa products are derived from cocoa beans or fermented seeds of Theobroma cacao or cocoa tree. Some of the chief cocoa products include cocoa powder, chocolate, cocoa butter, cocoa liquor, etc. Numerous cocoa products and derivatives of cocoa find applications in end-use industries ranging from chocolate to cosmetic and pharmaceuticals and liquor to pharmaceuticals. Cocoa products such as cocoa powder have been shown to regulate blood pressure and prevent the development of hypertension, lower risk of heart attacks and strokes, and promote the health of skin and teeth.
MARKET DYNAMICS
The rising demand for chocolates and related products such as dark chocolates, milk chocolates, etc. has led to a surge in demand for cocoa products. Burgeoning chocolate consumption per capita and aggressive advertisements and promotional campaigns are undertaken by manufacturers to attract buyers is likely to drive the demand for cocoa products. Furthermore, the use of cocoa butter in the formulation of various personal care and cosmetic products owing to its therapeutic properties is expected to further augment the demand for cocoa products in the forecast period. The demand for organic cocoa products has grown rapidly, as consumers have grown increasingly concerned about food safety along with the impact of cocoa plantations on the environment. However, the threat to the sustainability of cocoa production, rampant use of fertilizers, poor soil fertility, and climate change is likely to affect the production of cocoa products in the forecast period.
MARKET SCOPE
The "Global Cocoa Products 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 products market with detailed market segmentation by product, application, and geography. The global cocoa products market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cocoa products market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global cocoa products market is segmented on the basis of product and application. On the basis of product, the cocoa products market is segmented into, cocoa beans, cocoa butter, cocoa powder & cake, cocoa paste & liquor, and chocolate. On the basis of application, the market is bifurcated into, confectionery, food and beverages, cosmetics, pharmaceuticals, and others.
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 cocoa products 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), Middle East and Africa (MEA) and South America. The cocoa products 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 cocoa products market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. 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 products market in these regions.
MARKET PLAYERS
The reports cover key developments in the cocoa products 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 market were 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 products market are anticipated to lucrative growth opportunities in the future with the rising demand for cocoa products in the global market. Below mentioned is the list of few companies engaged in the cocoa products market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cocoa products 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.
- Barry Callebaut AG
- Cargill Inc.
- Cargill, Incorporated
- Ciranda, Inc.
- FUJI OIL CO., LTD.
- Guan Chong Berhad (GCB)
- Puratos Group
- The Hershey Company
- Touton S.A.
- United Cocoa Processor, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.