Press release
Cocoa & Chocolate Market To Reach US$ 85.58 Billion, Globally, By 2028 At 6.05% CAGR
The Global Cocoa & Chocolate Market was valued at USD 56.73 billion in 2021 and is expected to reach USD 85.58 billion by the year 2028, at a CAGR of 6.05%.
Cocoa and chocolate are two terms frequently used interchangeably, but they are actually different. Cocoa powder is available in wide varieties and it is used in large quantities as a flavouring and colouring agent. Cocoa has antioxidant properties so consumers are more aware of the benefits of coca. The rising prevalence of diabetes is leading to the increased adoption of sugar-free cocoa powder that consists of polyphenols and antioxidants, which maintain blood sugar levels driving the market share. The use of cocoa powder in food preparations significantly impacts the properties of the product, like the nutritional values and shelf life of the product. Increased demand for chocolate and its related products such as sweet chocolate, milk chocolate, and others are increasing product portfolio and are driving the growth of the cocoa and chocolate market.
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Market Dynamics:
Driver:
Growing health concerns and increasing awareness of the health benefits of the consumption of cocoa-rich products is the main driving factor of the growth of the market. The demand for chocolate for all ages is increasing day by day over the globe is also driving the market growth. The new flavours of chocolate such as ruby chocolate and dark chocolate are excepted to drive market growth in the upcoming years.
Opportunities:
Food and beverage is a rapidly growing sector and provides many opportunities for this industry. The rising demand for cocoa beans from the pharmaceutical sector creates an opportunity for the industry during the forecast period. Nowadays consumers are shifting towards low-sugar and sugar-free products to maintain health henceforth manufacturing such types of products creates a significant growth opportunity for market players.
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Segmentation Of Cocoa & Chocolate Market:
By end-user industry type, Cocoa & Chocolate market is segmented into Dark Chocolate, White Chocolate, Milk Chocolate and Filled chocolate. In this segment, Dark Chocolate segment is accounted for the largest Cocoa & Chocolate segment with more than half of the market share of 48.25% and estimated to have a market size of USD 37.79 billion in the year 2026 with the CAGR of 6.45%.
By Cocoa Type, Cocoa & Chocolate market is segmented into Cocoa Butter, Powder and Liquid. In this segment, Cocoa Butter segment is accounted for the largest segment with Cocoa & Chocolate market share of 49.21% and estimated to have a market size of USD 37.21 billion in the year 2026 with the CAGR of 6.02%.
By Type
Cocoa
• Cocoa Powder
• Cocoa Butter
• Cocoa Liquor
• Others
Chocolate
• Dark Chocolate
• White Chocolate
• Milk Chocolate
• Filled Chocolate
By Application
• Food & Beverages and Confectionary
• Cosmetics
• Pharmaceuticals
• Others
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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Players Covered in Cocoa & Chocolate Market are:
• ADM
• Cargill
• Barry Callebaut
• Plot Ghana
• Dutch Cocoa
• Cocoa Processing Company Limited
• Indcresa
• Blommer
• JB Foods Limited
• Bunge
• United Cocoa Processor Inc
• Cemoi
• Euromar Commodities GmbH
• Nestle
• Olam
• Dandelion Chocolate
• Fuji Oil
• Guittard Chocolate
• Mondelez
• Puratos
• IRCA
• Wuxi Huadong
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Table Of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Cocoa & Chocolate Market by Type
5.1 Cocoa & Chocolate Market Overview Snapshot and Growth Engine
5.2 Cocoa & Chocolate Market Overview
5.3 Cocoa {Cocoa Powder
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Cocoa {Cocoa Powder: Grographic Segmentation
5.4 Cocoa Butter
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Cocoa Butter: Grographic Segmentation
5.5 Cocoa Liquor
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Cocoa Liquor: Grographic Segmentation
5.6 Others}
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2016-2028F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Others}: Grographic Segmentation
5.7 Chocolate {Dark
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size (2016-2028F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Chocolate {Dark: Grographic Segmentation
5.8 White
5.8.1 Introduction and Market Overview
5.8.2 Historic and Forecasted Market Size (2016-2028F)
5.8.3 Key Market Trends, Growth Factors and Opportunities
5.8.4 White: Grographic Segmentation
5.9 Milk
5.9.1 Introduction and Market Overview
5.9.2 Historic and Forecasted Market Size (2016-2028F)
5.9.3 Key Market Trends, Growth Factors and Opportunities
5.9.4 Milk: Grographic Segmentation
5.10 filled}
5.10.1 Introduction and Market Overview
5.10.2 Historic and Forecasted Market Size (2016-2028F)
5.10.3 Key Market Trends, Growth Factors and Opportunities
5.10.4 filled}: Grographic Segmentation
Continue…
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