The global cocoa processing market reached a value of US$ 15.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 15.8 Billion by 2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
The cocoa bean is the dried and fully fermented fatty seed of the cocoa tree (Theobroma cacao). Cocoa processing involves the conversion of cocoa beans into different forms such as cocoa liquor, cocoa butter, cocoa cakes and cocoa powder. The chocolate industry currently represents the biggest end user of cocoa. Processed cocoa products, however, have applications in a number of other industries as well. For instance, cocoa powder is also used to produce chocolate milk, biscuits, ice cream, cakes and a number of other food and beverages. Similarly, cocoa butter is widely used during the production of soaps, cosmetics and pharmaceutical products.
C?te d’Ivoire and Ghana currently represent the world’s two biggest producers of cocoa. The two countries together currently account for nearly 60% of the total global cocoa production. Other major producers include Indonesia, Nigeria, Ecuador, Brazil and Cameroon. Region-wise, Africa currently accounts for more than 70% of the total global cocoa production. Despite being the largest producer, the region accounts for less than 21% of the total global cocoa processing market. Though unsuitable for cocoa cultivation, Europe currently represents the world’s biggest importer and processer of cocoa. The competitive landscape of the global cocoa processing industry is currently quite concentrated in nature with the top three players currently accounting for around 40% majority of the total global market.
The report entitled “Cocoa Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” provides a comprehensive insight into the historical and current trends in the cocoa processing industry. This study serves as an exceptional tool to understand the market trends, regional markets, growth, key players, value chain, success and risk factors, manufacturing process, raw material requirements, machinery requirements, capital costs, operating costs, incomes, expenditures and profits in the cocoa processing industry. This study can serve as an excellent tool for cocoa cultivators, cocoa processers, consultants, researchers, marketing strategists, investors and all those who plan to foray into the cocoa market in any form.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cocoa processing market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on bean type, product type and application.
Breakup by Bean Type:
Breakup by Product Type:
Breakup by Application:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being Barry Callebaut, Cargill, Olam, Blommer, Mondelez, Guan Chong, ECOM Coco, BT Cocoa, Nestl? and Transmar Group, etc.
Key questions answered in this report:
How has the global cocoa industry performed so far and how will it perform in the coming years?
What are the key regional markets in the global cocoa industry?
What has been the impact of COVID-19 on the global cocoa industry?
What are the price trends of cocoa?
What are the various stages in the value chain of the cocoa industry?
What are the key driving factors and challenges in the cocoa industry?
What is the structure of the cocoa industry and who are the key players?
What is the degree of competition in the cocoa industry?
What are the profit margins in the cocoa industry?
What are the key requirements for setting up a cocoa plant?
How is cocoa processed?
What are the various unit operations involved in a cocoa plant?
What is the total size of land required for setting up a cocoa plant?
What are the machinery requirements for setting up a cocoa plant?
What are the raw material requirements for setting up a cocoa plant?
What are the packaging requirements for cocoa powder?
What are the transportation requirements for cocoa?
What are the utility requirements for setting up a cocoa plant?
What are the manpower requirements for setting up a cocoa plant?
What are the infrastructure costs for setting up a cocoa plant?
What are the capital costs for setting up a cocoa plant?
What are the operating costs for setting up a cocoa plant?
What will be the income and expenditures for a cocoa plant?
What is the time required to break-even?