The Global Cocoa Market size is expected to reach $29.5 billion by 2025, rising at a market growth of 3.51% CAGR during the forecast period.
Cocoa has proven to be one of the most useful cosmetic ingredients to promote good skin and is thus commonly used in the cosmetics sector. The cocoa market has been segmented into confectionery, bakery products, cosmetics, functional foods, beverages, and pharmaceuticals, based on the end-use applications. The confectionery segment is anticipated to expand with a strong growth rate among the end-use sections.With the development of chocolate confectioneries and other end products, the demand for cocoa is growing quickly. Cocoa production is defined by the existence of small-scale farmers with restricted access to finance and technology.
The cocoa market demand has been rising since the last couple of decades. Cocoa is anticipated to experience growing demand from the worldwide nutraceuticals and functional food industry. The reason being, chocolate is one of the most popular flavors for a multitude of functional food products, like snack bars, protein shakes, etc., as well as a very common base for flavoring nutraceutical products. Cocoa is collected mainly for its purple beans, which are mainly used in cocoa liquor.
Based on Product type, the market is segmented into Cocoa Beans, Cocoa Butter, Cocoa Powder and Cake, Cocoa Paste and Liquor, and Chocolate. Based on Application, the market is segmented into Confectionery, Food and Beverages, Cosmetics and Pharmaceutical. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include United Cocoa Processor, Inc., Nestle S.A., Touton S.A., The Barry Callebaut Group, SunOpta, Inc., Newtown Foods, Inc., Puratos Group NV, Mars, Inc., The Hershey Company and Cargill Corporation.
Scope of the Study
Market Segmentation:
By Product Type
- Cocoa Beans
- Cocoa Butter
- Cocoa Powder and Cake
- Cocoa Paste and Liquor
- Chocolate
By Application
- Confectionery
- Food and Beverages
- Cosmetics
- Pharmaceutical
By Geography
- North America
- ·US
- ·Canada
- ·Mexico
- ·Rest of North America
- Europe
- ·Germany
- ·UK
- ·France
- ·Russia
- ·Spain
- ·Italy
- ·Rest of Europe
- Asia Pacific
- ·China
- ·Japan
- ·India
- ·South Korea
- ·Singapore
- ·Malaysia
- ·Rest of Asia Pacific
- LAMEA
- ·Brazil
- ·Argentina
- ·UAE
- ·Saudi Arabia
- ·South Africa
- ·Nigeria
- ·Rest of LAMEA
Companies Profiled
- United Cocoa Processor, Inc.
- Nestle S.A.
- Touton S.A.
- The Barry Callebaut Group
- SunOpta, Inc.
- Newtown Foods, Inc.
- Puratos Group NV
- Mars, Inc.
- The Hershey Company
- Cargill Corporation
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