June 30, 2022

Global Cocoa Products Market To Be Driven By Increasing Awareness About The Health Advantages Of Cocoa-Based Products In The Forecast Period Of 2021-2026

5 min read

The new report by Expert Market Research titled, ‘Global Cocoa Products Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global cocoa products market, assessing the market based on its segments like product, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report [email protected] https://www.expertmarketresearch.com/reports/cocoa-products-market-report/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 27.5 Billion
  • Forecast CAGR (2021-2026): 6%
  • Forecast Market Size (2026): USD 39 Billion

Rising demand for cocoa products in a variety of industrial applications, such as confectioneries and beverages, is accelerating the use of cocoa products and boosting the market growth. The health benefits of cocoa products, such as lowering blood pressurediabetes management, and maintaining cardiac-related diseases, accelerate the utilisation of cocoa ingredients in dark chocolates. Cocoa is also high in polyphenols, which help protect the body’s tissues from oxidative stress and related pathologies like cancer and inflammation. These factors are also driving the expansion of the cocoa products market. The rise in demand for cocoa beans to manufacture various food and beverages majorly drives its sales. The confectionery segment is expected to dominate the market through the forecast period due to the increased affinity of people around the world toward packaged food and confectioneries. Major trends governing the cocoa product industry include a strong focus on organic cocoa and its nutritional benefit driven by worldwide consumer preference, thus boosting the market growth.

Industry Definition and Major Segments

Cocoa is a fatty bean derived from Theobroma cocoa that is dried and fermented before being processed to extract cocoa powder, cocoa oil, cocoa butter, cocoa liquor and liqueur, and other solids. Cocoa demand is primarily increasing due to its use in chocolate. Criollo, trinitario, and forastero are the three most common plants from which cocoa is derived.

Explore the full report with the table of [email protected] https://www.expertmarketresearch.com/reports/cocoa-products-market-report

The market, based on product, can be divided into:

  • Cocoa Beans
  • Cocoa Butter
  • Cocoa Powder and Cake
  • Cocoa Paste and Liquor
  • Chocolate

The industry can be broadly categorised on the basis of its application into:

On the basis of region, the industry is divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Increased demand for chocolate and related products such as milk chocolate, sweet chocolate, and dark chocolate, as well as aggressive advertising by manufacturers to increase brand recognition, are driving the growth of the cocoa products market. Improvements in commercial farming techniques are used to produce cocoa, which is expected to increase supply and, as a result, improve growth prospects in the future. Increased government efforts to provide farmers with modern farming techniques are expected to create a positive outlook for cocoa beans, which will eventually drive the cocoa products market growth. Moreover, factors such as changing consumer demand, evolving taste, and rising health consciousness among consumers is expected to increase the cocoa products market demand.

Key Market Players

The major players in the market are The Barry Callebaut Group, The Hershey Company (NYSE: HSY), Cargill Incorporated, Fuji Oil Co., Ltd., United Cocoa Processor, and Jindal Cocoa.

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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