Cocoa Market 2023 | USD 19390 million by 2029 with CAGR of 2.8% during review period

Cocoa is primarily grown in tropical regions, with the largest producers being Ivory Coast, Ghana, and Indonesia.cocoa market is a global commodity market that involves the production, processing, and trading of cocoa beans, which are used to make chocolate and other cocoa-based products.


Pune, May 02, 2023 (GLOBE NEWSWIRE) -- "Cocoa Market" research report focus on overall information that can help to take decisions on current market situation.

Cocoa Market Report Contains 2023: -

  • Complete overview of the global Cocoa Market
  • Top Country data and analysis for United States, Canada, Mexico, Germany, France, United Kingdom, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil and Saudi Arabia, etc. It also throws light on the progress of key regional Cocoa Markets such as North America, Europe, Asia-Pacific, South America and Middle East and Africa
  • Description and analysis of Cocoa market potential by type, Deep Dive, disruption, application capacity, end use industry
  • impact evaluation of most important drivers and restraints, and dynamics of the global Cocoa Market and current trends in the enterprise
  • Detailed profiles of the Top major players in the industry, including. Barry Callebaut,Cargill,Nestle SA,Mars,Hershey,Blommer (FUJI OIL),Olam,Puratos,Cémoi,Irca,NATRA,Kerry Group,Ferrero,ECOM,Guan Chong,Mondelez

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Cocoa Market Segmentation: -

A cocoa processing plant transforms cocoa beans into three main components: cocoa liquor and cocoa butter and cocoa powder. These components can be used to make different products. Cocoa butter, cocoa liquor, and cocoa powder are some of the major ingredients used to manufacture chocolates. The favorable characteristics of cocoa butter (melting point and contraction) provide a melt-in-the mouth sensation and easy removal of chocolates from the molds.

According to our Researcher latest study, the global Cocoa market size was valued at USD 15960 million in 2022 and is forecast to a readjusted size of USD 19390 million by 2029 with a CAGR of 2.8% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Global core cocoa manufacturers include Emerson ASCO, Kendrion etc.The top 5 companies hold a share about 55%.Europe is the largest market, with a share about 50%, followed by North America and Asia Pacific with the share about 24% and 14%.In terms of product, cocoa butter is the largest segment, with a share over 40%. And in terms of application, the largest application is confectionery, followed by food and beverage.

This report is a detailed and comprehensive analysis for global Cocoa market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

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Key Features:

Global Cocoa market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029

Global Cocoa market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029

Global Cocoa market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029

Global Cocoa market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2018-2023

researcher’s latest report provides a deep insight into the global Cocoa Market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

Cocoa Market segments help decision-makers direct the product, sales, and marketing strategies, and can power your product development cycles by informing how you make product offerings for different segments.

Cocoa Market segment by Type

  • Cocoa Liquor
  • Cocoa Butter
  • Cocoa Powder

Cocoa Market segment by Application

  • Confectionery
  • Food and Beverage
  • Cosmetics
  • Others

Market segment by Region/Country including: -

  • North America (United States, Canada, and Mexico)
  • Europe (Germany, UK, France, Italy, Russia and Spain, etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia, Southeast Asia, etc.)
  • South America (Brazil, Argentina, Colombia, etc.)
  • Middle East & Africa (South Africa, UAE, Saudi Arabia, etc.)

Key Players in the Cocoa Market: -

  • Barry Callebaut
  • Cargill
  • Nestle SA
  • Mars
  • Hershey
  • Blommer (FUJI OIL)
  • Olam
  • Puratos
  • Cémoi
  • Irca
  • NATRA
  • Kerry Group
  • Ferrero
  • ECOM
  • Guan Chong
  • Mondelez

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Key Benefits of Cocoa Market Research Report:

  • Types, applications, regions, and key players covered in the study
  • Industry drivers, restraints, and opportunities covered in the study
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Artificial Intelligence AI Chips Market
  • Sales, price, revenue, market share, and growth rate are covered in the report sales channels, distributors, traders, dealers, etc. are covered in the report

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Cocoa product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Cocoa, with price, sales, revenue and global market share of Cocoa from 2018 to 2023.

Chapter 3, the Cocoa competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Cocoa breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Cocoa market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.

Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.

Chapter 13, the key raw materials and key suppliers, and industry chain of Cocoa.

Chapter 14 and 15, to describe Cocoa sales channel, distributors, customers, research findings and conclusion.

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1.To study and analyze the global Cocoaconsumption (value) by key regions/countries, product type and application

2.To understand the structure of Cocoa Market by identifying its various sub segments.

3.Focuses on the key global Cocoamanufacturers, to define, describe and analyze the value, market share, market competition landscape, Porter's five forces analysis, SWOT analysis and development plans in next few years.

4.To analyze the Cocoa with respect to individual growth trends, future prospects, and their contribution to the total market.

5.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

6.To project the consumption of Cocoa submarkets, with respect to key regions (along with their respective key countries).

7.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

8.To strategically profile the key players and comprehensively analyze their growth strategies.

Key Reasons to Purchase

To gain insightful analyses of the market and have comprehensive understanding of the global Cocoa Market and its commercial landscape.

Assess the production processes, major issues, and solutions to mitigate the development risk.

To understand the most affecting driving and restraining forces in the Cocoa Market and its impact in the global market.

Learn about the Cocoa Market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the Cocoa Market.

Besides the standard structure reports, we also provide custom research according to specific requirements

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Client Focus
1. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Cocoa market?


Yes. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, and we elaborate at full length on the impact of the pandemic and the war on the Cocoa,Industry.

2. How do you determine the list of the key players included in the report?


With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Please find the key player list in Summary.

3. What are your main data sources?


Both Primary and Secondary data sources are being used while compiling the report.
Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users.

Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.

4. Can I modify the scope of the report and customize it to suit my requirements?


Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.

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