Cocoa products market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 5.3% in the forecast period of 2020 to 2027 and is expected to reach USD 25,249.67 million by 2027.
This cocoa products market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Cocoa products market is categorized into five notable segments which are based on the basis of type of cocoa, product type, source, application and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of product type, the market is segmented into cocoa beans, cocoa butter, cocoa powder & cake, cocoa liquor & paste, cocoa nibs and others. In 2020, cocoa beans segment is dominating the market as majority of cocoa beans is roasted and raw are utilized industrial application in dark chocolate production.
On the basis of type of cocoa, the market is segmented into forastero cocoa, trinitario cocoa and criollo cocoa. In 2020, forastero cocoa segment is dominating the market as they are majorly referred as the bulk cocoa produced in the major producing countries such as Ghana, Côte d'Ivoire, and Nigeria among others. Forastero cocoa unlike other cocoa is not susceptible to any crop diseases which make their farming convenient to growers
On the basis of source, the market is segmented into inorganic and organic. In 2020, the inorganic segment have comprised the highest market share as majority of the cocoa beans are produced using conventional method due to their cost effectiveness to small growers in Africa and Indonesian country
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The countries covered in cocoa products market report are the U.S., Canada, Mexico, Germany, Italy, France, Switzerland, Russia, Spain, U.K., Belgium, Netherlands, Poland, Turkey, Sweden, Denmark and Rest of Europe, China, Australia, Vietnam, Japan, India, New Zealand, Malaysia, South Korea, Singapore, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, Oman, U.A.E., Qatar, Kuwait, Rest of Middle East and Africa.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory actsand import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
The major players covered in the report are Olam International, Cargill, Incorporated, Barry Callebaut, NATRA, TOUTON S.A., Kuruvilla & Sons, Nestle, JBCOCOA Sdn. Bhd., Ecuakao Group Ltd, ALTINMARKA, MONER COCOA, S.A., Indcre S.A., PURATOS, Blommer Chocolate Company, Guan Chong Berhad (GCB), UNITED COCOA PROCESSOR, INC., ciranda, inc., TRADIN ORGANIC AGRICULTURE B.V., Huyser Möller, Sucden, Plot Enterprise Ghana Ltd, Ecom Dutch Cocoa, FTN Cocoa Processors PLC, Jindal Cocoa among others.
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